dues $663 a year
401k loss per year $3120
$3783 total per year
$315 a month
$72.25 a week
$1.81 per hour in the hole
at the end of the contract we will be paying $65.25 for dues
different angle? He is telling his situation.
OKAY I'LL bite, we will be loosing the 401 match. but for us city drivers we are getting overtime after 8, in my case 5 hrs. per week.
5 x 33\hr. = $8580.00 per 52 weeks average. particularly if OT is distributed by seniority.
Dues per month, $55.00 , $660.00 per year, 2.5 times my regular pay, per month.
$3120.00 a year loss for 401, no, I can submit the monies myself, no loss. This is something I would do anyway.
Now the INS. well that remains to be seen, but if I go by the current contract in INDY, I pay $360.00 per month with the total lineup in benefits now.
$360 per month x 12 = $4320.00 per year, Over a period of 5 years, $21,600.00
$ 150.00 per month "INDY" X12 $1800.00 PER YEAR X FIVE YEARS $9000.00.
Just the INS. alone is a significant savings for a city driver, take that money and put it in your 401. Furthermore it is the savings on the INS. most of us will recieve, just thinking longterm I will make out better with a contract.
$12,000 dollar savings in the contract every year, WOW I
could put this into my 401.
5 HRS. OT per week $8580 per year x 5 years is $42,000.00 combine this with the INS. savings I get $54,000.00 for 5 years, subtract my dues for that 5 years I get $3300.00 = $50,000 for 5 years.
Subtract my 401 loss,$15,000 for 5 years 35000,00 dollar gain in 5 years.
I win, even with the current contract, I could take a day off and still get 5 hrs.OT. I take one day off now I loose all the OT, and your complaining about your INS. costs going up $15.00 per week. And the monies per hr. is a $4.00 per hr. raise over 5 years, these figures will change for the better, giving a bigger savings, while the loss on the 401 stays the same. that $35000.00 over 5 years will only increase in my favor.
Your loss on the 401 and the extra monies you will be loosing per week for the INS. holds no water, in comparison to what you will gain, over the period of 5 years.