Subscribe free to our newsletters via your
. Space Travel News .




LAUNCH PAD
United Launch Alliance Urges IAM Members to Vote in Favor of New Contract
by Staff Writers
Denver CO (SPX) May 07, 2012


illustration only

United Launch Alliance (ULA) has urged its employees represented by the International Association of Machinists and Aerospace Workers (IAM) to vote this Sunday, May 6, in favor of a new three-year contract. The proposed contract would cover represented employees located at ULA's production operations in Decatur, Ala., and at ULA's launch operations in Cape Canaveral Air Force Station, Fla., and Vandenberg Air Force Base, Calif.

On May 2, 2012, ULA presented its final offer to the IAM. The IAM's negotiating committee has recommended that its members reject ULA's proposed contract and vote to authorize the IAM leadership to call a strike.

"We encourage all IAM represented employees to become familiar with the details of ULA's offer and to exercise their right to vote for this contract," said Michael Gass, president and chief operating officer. "This is an excellent contract which recognizes the value and contributions the union employees bring to our mission of delivering critical capabilities for our nation."

The offer provides substantial wage increases and pension increases over the life of the contract. "The proposed contract is fair, competitive and in the best interest of ULA and our employees," Gass said.

"We strongly encourage the union membership to review the proposed contract, see how much the contract has to offer them and their families, and vote in favor of ratifying the proposed contract," he added.

Highlights from ULA's proposed three-year contract include:

+ Guaranteed pay increases over the next three years through a combination of three general wage increases totaling 8.5 percent over three years

+ A $5,000 ratification bonus and continuation of the annual cost of living adjustment (COLA) formula and supplements

+ A regional equity adjustment of $0.50 per hour in years two and three of the contract for Decatur employees

+ Current employees will retain an excellent pension with substantial increase

+ Current represented employees and those hired before December 31, 2012, will maintain their defined benefit pension plan with an increase of $3 in year one and an additional $1.00 increase in years two and three. This will bring the pension benefit to $85 per-month, per-year of credited service, representing a 6.3 percent increase in pension benefits. Current employees will also continue to accrue service under this plan as they have under prior agreements.

+ Employees hired on or after January 1, 2013, receive a new competitive retirement plan:

+ They will be able to save for retirement with a new defined contribution plan that is part of the ULA 401k Savings and Retirement Plan - the Employer Retirement Savings Contribution, with a guaranteed quarterly company contribution of $350 for their retirement. Employees eligible for the Employer Retirement Savings Contribution have multiple investment options, and can take it with them if they leave the company.

+ Continued health care coverage with three plan choices:

+ The Company pays 85 percent of the premium for the Exclusive Provider Organization and Preferred Provider Organization plans and 94 percent for the Health Reimbursement Account plan. "We are asking the IAM to transition to a new retirement plan for future new hires," Gass said. "This is an important step ULA is taking to remain competitive in our industry and it is what the company has asked salaried employees to do since 2011. The vast majority of companies, including many government contractors and government agencies, no longer offer defined benefit pension plans to new hires."

According to Gass, ULA is taking action to position itself for the future.

"We're making the modifications outlined for newly hired and rehired employees to remain competitive," Gass said. "We're doing this while maintaining and improving the defined benefit pension for current employees. Under the proposed contract, ULA employees continue to be well paid in comparison to others in the communities where they live and work."

IAM represented employees are urged to:

(1) Carefully read the proposed contract to ensure they have a full and accurate understanding of what terms the contract contains;

(2) Exercise their independent judgment; and

(3) Vote in favor of the new contract on Sunday, May 6.

Information on the proposed contract is available here.

.


Related Links
-
Launch Pad at Space-Travel.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





LAUNCH PAD
ULA Launches Advanced Extremely High Frequency-2 Satellite to Orbit for the U.S. Air Force
Cape Canaveral AFS FL (SPX) May 07, 2012
A United Launch Alliance (ULA) Atlas V rocket carrying the Advanced Extremely High Frequency-2 (AEHF-2) satellite for the United States Air Force lifted off from Space Launch Complex-41 here at 2:42 p.m. EDT Friday. This was ULA's 4th launch of an aggressive 11 mission schedule for the year and marks the 30th Atlas V mission and the 60th launch for ULA. "ULA is proud to serve alongside our ... read more


LAUNCH PAD
Air Force launches 2nd advanced satellite

A trio of Ariane 5 launchers are now at the Spaceport

United Launch Alliance Urges IAM Members to Vote in Favor of New Contract

ULA Launches Advanced Extremely High Frequency-2 Satellite to Orbit for the U.S. Air Force

LAUNCH PAD
Mars Rover Opportunity Hits Paydirt At Endeavour

Ancient Volcanic Blast Provides More Evidence of Water on Early Mars

Opportunity Getting Ready To Leave Her Winter Perch

Mars Express - Former lakes and rivers in Acidalia Planitia

LAUNCH PAD
Perigee "Super Moon" On May 5-6

India's second moon mission Chandrayaan-2 to wait

European Google Lunar X Prize Teams Call For Science Payloads

Russia to Send Manned Mission to Moon by 2030

LAUNCH PAD
Uranus auroras glimpsed from Earth

Herschel images extrasolar analogue of the Kuiper Belt

New Horizons on Approach: 22 AU Down, Just 10 to Go

New Horizons Aims to Put Its Stamp on History

LAUNCH PAD
Three Earthlike planets identified by Cornell astronomers

Some Stars Capture Rogue Planets

ALMA Reveals Workings of Nearby Planetary System

UF-led team uses new observatory to characterize low-mass planets orbiting nearby star

LAUNCH PAD
Aerojet's AJ26 Flight Engine Successfully Hot-Fire Tested for Orbital's Antares Rocket

Russia Develops Revolutionary Ammonia Rocket Engine

Dragon Expected to Set Historic Course

Aerojet Completes Testing of Next-Generation Exploration Thruster

LAUNCH PAD
China's Lunar Docking

Shenzhou-9 may take female astronaut to space

China to launch 100 satellites during 2011-15

Three for Tiangong

LAUNCH PAD
Dawn Completes 800 Orbits Of Vesta

Mining Asteroids - A New Industry

Dawn Reveals Secrets of Giant Asteroid Vesta

US firm plans to mine asteroids




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement