May 3, 2007 Tentative Settlement Agreement Between PECO Energy Delivery and IBEW Local 614 SUMMARY

Transcription

1 TERM OF AGREEMENT Approximately three (3) years, from the date of ratification through March 31, WAGES & INCENTIVES 1. General Base Wage Increases 01/01/08 3.5% 01/01/09 3.5% 01/01/10 3.5% The above represents the cumulative increase over three (3) years in base wage income, including average overtime (not including incentives, differentials, bonuses and other income) compounded over the term of the Agreement as follows: PED Weighted Bargaining Unit Average $16,730 Journey Level * $19,955 Energy Technician $17,130 Equipment Operator $16,875 Revenue Protection Technician $15,300 Facilities PM Tech $15,400 General Facilities Mechanic $14,145 Material Coordinator $12,990 Tool Mechanic $14,560 Truck Driver $12,400 General Utility $10,500 Equipment Operator Helper $9,900 Maintenance Assistant ** $22,130 Sr. Designers / DCC s / Gas Design Tech / Mtrg. Design Tech ** $17,750 Engineering Assistant ** $14,120 Sr. Lab Tech ** $15,325 High Bill Consultant ** $12,775 Sr. Facilities Drafter ** $14,340 Contractor Liaison ** $12,110 Facilities Drafter ** $10,735 Billing Consultant ** $9,615 Clerks ** $9,510 * Includes: Lineman 1/C Aerial & Underground Meter Technician Damage Prevention Inspector Paving Inspector Power Quality Technician Plant Operations Mechanic Sr. Distribution Mechanic Sr. Corrosion Control Mechanic Electrical Technician High Rise Mechanic Engineering Technician A Technician Maintenance 1/C Page 1 of 5

2 ** Calculation based on average annual salary and average overtime hours for all incumbents in each job title listed above. Back office calculations are approximate since back office employees will continue to receive merit increases under the current process including appropriate lump sum payments on March 1, each year. *** Includes: Equipment Update Clerk, Mapping Records Clerk, Materials Process Clerk, Meter Process Clerk, and Work Process Clerk. Calculation based on average annual salary and average overtime hours for all incumbents in aforementioned job titles. 2. Annual Incentive Plan Three (3) year continuation of the Company s annual Incentive Plan, offering reward opportunities each year of up to 8% of base pay and overtime (8% maximum, 4% target, 2% threshold). This represents a total maximum cumulative award opportunity of up to 24% of pay (24% maximum, 12% target, 6% threshold), over the life of the contract. Average Bargaining Unit Member Annual Incentive Plan Opportunity * For 2007 For 2008 For % Max 4% Target 8% Max 4% Target 8% Max 4% Target $6,445 $3,220 $6,670 $3,335 $6,900 $3,450 * Calculation based on Bargaining Unit Average base wage and average overtime hours and includes any incentive payments already made or accrued in BENEFITS Average Bargaining Unit Member 3-Year Target Annual Incentive Cumulative Payout Opportunity = $10,500 Average Bargaining Unit Member 3-Year Maximum Annual Incentive Cumulative Payout Opportunity = $20, Beginning in January, 2008, implementation of the Management Medical Insurance Plan with increased deductibles, co-pays and a spousal surcharge; a $1,500 transition payment in 2007 to help cover the increased costs and voluntary participation in the Focused Health Plan without any financial disincentives. Traditional, Blue and Green PPO options offered. 2. Pensions Continuation of the current plans; Cash Balance and Service Annuity (if eligible). 3. Vision and Dental Continuation of the current plans. Page 2 of 5

3 4. Life Insurance, EAP, Adoption Assistance, Health Spending Accounts, Long Term Care insurance continuation of the current plans. 5. Short Term Disability Continuation of the current program (100% of pay for 25 weeks) for employees with 15 or more years of service. A new plan for employees with less than 15 years of service of 100% of pay for 12 weeks, then 70% of pay for 13 weeks, with the opportunity to buy up to 100%. New hires will remain on the 100% / 70% plan even after reaching 15 years of service. 6. Long Term Disability Continuation of the current plans. 7. Retiree Health Care Provided under the same terms and conditions as it is provided to non-represented employees. 8. Stock Purchase Plan, Tuition Reimbursement Plan, Emergency Child Care Services, Snow Day Policy All provided on the same terms and conditions as provided to non-represented employees. 9. Sick Days Continued at five (5) days each year with carryover of unused days but a limit of 10 days available in any year K Continued at 100% Company match for the first 5% of employee contributions. OTHER CONTRACT PROVISIONS 1. A Preamble setting forth the basic obligations and responsibilities of both parties. 2. A Representation and Recognition Article which recognizes as the Bargaining Representative; sets forth the scope of the Unit; provides for the flexibility to assign work regardless of classification to employees who are trained and qualified to perform it; allows the Company to reorganize after sixty (60) days notice and discussion with the Union; and, provides a Successorship clause which continues the Union s representation as well as the contract in the event of a transfer of ownership. 3. A Management Rights clause that reserves to management its traditional functions and provides for notice and discussion with the Union when material changes in working conditions are contemplated. 4. An Article defining the Company / Union relationship including: the appointment and authority of Stewards; Stewards use of Company time; Union visitation rights; Page 3 of 5

4 Union Bulletin Boards; non-discrimination; Union Membership; dues payroll deduction and obligations; and, a definitions clause. 5. An Article setting forth hours of work and overtime provisions and including: rest period; call out; reporting pay, funeral leave; jury duty / court service leave; shift differential; Sunday premium; travel compensation and a flexible work assignment provision. 6. An Article dealing with Seniority definitions and rules including: promotions; transfers; lay offs; and, recalls. 7. An Article on Holidays including: regular and floating holidays; holiday pay; and, scheduling rules. 8. An Article on Vacations and Leaves of Absence including: vacation allotment; vacation scheduling rules; and, leaves of absence rules for personal leaves, Union business leaves, medical and military leaves. 9. An Article on Working Conditions including: safety rules; safety committees; inclement weather; overtime meal allowance; progress reports; work clothes and equipment; and, a new policy on employees who are unable to return to their regular jobs due to permanent work restrictions arising from an accident or illness. 10. An Article on Contracting Out rights and obligations. 11. An Article on rules for a new Grievance Procedure and arbitration. 12. An Article prohibiting Strikes / Lockouts for the term of the Agreement. 13. A Complete Agreement clause establishing that this written Agreement supersedes all previous practices between the parties; that the Agreement can be changed by mutual consent; and, that any contemplated material changes in working conditions will be discussed with the Union before implementation. 14. A Memorandum of Understanding concerning the transition from an annual individual merit based wage increase process to an annual general wage increase process with uniform, market based job classifications and job progression wage rates. 15. An exhibit setting forth the Storm Response work opportunities for PECO employees when contractors and employees from other utilities are working overtime on storm restoration activities. Page 4 of 5

5 16. An Agreement on guidelines that apply when PECO volunteers work outside the PECO service territory as part of a Mutual Aid Agreement. 17. A special Settlement Agreement concerning acceptable clothing and display of Union insignia. 18. Guidelines covering Reduced Staffing for Holidays that require offering extra opportunities to be off on the holiday by seniority. 19. An exhibit establishing a new entry and final rate for New Entrants into the Gas Distribution and Corrosion Mechanic jobs and also providing for grandfathering of existing employees in those jobs who will be unaffected by this change. Page 5 of 5