New Contract FAQ

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When does our new contract take effect?

The contract covers the four-year period from July 1, 2021, through June 30, 2025. Each of the first three years includes annual general wage increases (GWI) and step increases, so nearly all of the additional pay for the first year will be retroactive.

When will we see the retroactive raises?

That's to be determined still, but it's reasonable to expected to see the additional pay by the end of June.

What about the $3,500 lump sum payment?

We don't have definitive word on the timing of this yet either. We do know the plan is to split this into two payments. The first would be in the amount of $2,500 (pro-rated for <1.0 FTE), and the remaining ($1,000) payment likely would come after July 1 (pro-rated for <1.0 FTE).

What about the taxes on all this extra pay?

It is pay so it indeed is subject to income tax. Your withholdings for the paycheck(s) with the additional income likely will be higher than what you're used to seeing. It's important to understand that those withholdings go toward offsetting your overall income tax burden for the year. You of course are free to adjust your withholdings, but understand if you do, that may impact your refund (or amount you owe) when you file your 2022 taxes next year. Of course you should consult a tax professional for specific advice. Be assured that if you're paying more in income taxes in a given paycheck, all that really means is you're earning more. You "pay now or pay later."

When are we signing the contract?

We usually arrange a time to meet with management to sign the collective bargaining agreement. We have not scheduled that yet.

When are we getting our new contract books?

We don't have a timetable for getting the books printed yet. We'll communicate those details when we have them. You can be sure the books will be available at our information tables when we have them