270 Madison Avenue | Suite 401 | New York, New York 10016 | 212.697.5554 | www.ominy.org STEVEN N. DAVI Executive Director Email: sdavi@alliedbuilding.org Mobile: 516.361.8211 BULLETIN To: Contributing Employers to the Ornamental Metal Institute of New York, Inc. From: Steven N. Davi Date: June 29, 2023 Re: Local Union No. 580 CBA Rates Effective: July 1, 2023 – December 31, 2023 Please be advised of the following economic changes effective July 1, 2023, through and including December 31, 2023, pursuant to the new collective bargaining agreement between Allied Building Metal Industries, Inc., and Iron Workers Local Union No. 580. JOURNEYMAN; FOREMAN The wage rate and trust fund contribution rates for Local 580 Journeymen and Foremen for the period July 1, 2023, through and including December 31, 2023, shall be as follows: Wage Rates Journeyman: $47.15/hour* Foreman: $48.56/hour* Trust Fund Contribution Rates Benefit (Vacation) Fund: $14.26/hour* Annuity Fund: $16.17/hour Pension Fund: $14.35/hour Supplemental Benefit: $.60/hour Insurance Fund: $16.85/hour Apprentice-Journeyman Educational Fund: $1.27/hour Scholarship Fund: $.25/hour IMPACT: $.29/hour Labor Management Fund: $.25/hour Intl. Organizing Fund: $.18/hour* The contribution to the Ornamental Metal Institute of New York shall be $.35/hour for each Journeyman and Foreman employee. The Working Assessment will be $1.45/hour, which shall be deducted from the wages of each Journeyman and Foreman employee. H Onaemal Melal Institute DI New York P a g e | 2 270 Madison Avenue | Suite 401 | New York, New York 10016 | 212.697.5554 | www.ominy.org *Taxable APPRENTICES The wage rate and trust fund contribution rates for Local 580 apprentice iron workers for the period July 1, 2023, through and including December 31, 2023, shall be as follows: Wage Rates Apprentice (Year 1): $25.98* Apprentice (Year 2): $28.45* Apprentice (Year 3): $30.80* Apprentice (Year 4): $34.39* Trust Fund Contribution Rates Apprentice (Year 1): Benefit (Vacation) Fund: $2.00/hour* Annuity Fund: $3.00/hour Pension Fund: $5.00/hour Insurance Fund: $6.00/hour IMPACT: $.29/hour Intl. Organizing Fund: $.18/hour* There shall be no contribution to The Ornamental Metal Institute of New York for first-year apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of first-year apprentice iron workers. Apprentice (Year 2): Benefit (Vacation) Fund: $2.00/hour* Annuity Fund: $3.00/hour Pension Fund: $6.00/hour Insurance Fund: $7.00/hour IMPACT: $.29/hour Intl. Organizing Fund: $.18/hour* There shall be no contribution made to the Ornamental Metal Institute of New York for secondyear apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of second-year apprentice iron workers. Apprentice (Year 3): Benefit (Vacation) Fund: $2.00/hour* Annuity Fund: $3.00/hour Pension Fund: $6.00/hour Insurance Fund: $8.00/hour IMPACT: $.29/hour Intl. Organizing Fund: $.18/hour* P a g e | 3 270 Madison Avenue | Suite 401 | New York, New York 10016 | 212.697.5554 | www.ominy.org There shall be no contribution made to the Ornamental Metal Institute of New York for third-year apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of third-year apprentice iron workers. Apprentice (Year 4): Benefit (Vacation) Fund: $2.00/hour* Annuity Fund: $3.00/hour Pension Fund: $7.00/hour Insurance Fund: $9.00/hour IMPACT: $.29/hour Intl. Organizing Fund: $.18/hour* There shall be no contribution made to the Ornamental Metal Institute of New York for fourth-year apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of fourth-year apprentice iron workers. *Taxable PROBATIONARY IRON WORKERS (AKA “PRE-APPRENTICES”) The wage rate and trust fund contribution rates for Local 580 probationary iron workers for the period July 1, 2023, through and including December 31, 2023, shall be as follows: Wage Rates Probationary Iron Worker: $22.55/hour* Trust Fund Contribution Rates Benefit (Vacation) Fund: $1.00/hour* Annuity Fund: $2.00/hour Pension Fund: $0.00/hour Insurance Fund: $5.00/hour IMPACT: $0.29/hour Intl. Organizing Fund: $0.18/hour* There shall be no contribution to the Ornamental Metal Institute of New York for probationary iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of probationary iron workers. *Taxable
