What’s New in Training

 Saturday Journeyman Training classes are now forming and will start on Saturday, November 3, 2007. Classes are open to all Local 602 members. The following classes are offered:

1. Welding (5P, 7018, Hili Arc, Pipe Welding Certification): Instructors – Robert Perry, Justin Bateman and Derrick Ferguson. 100 hours.
2. Advanced A/C Chillers: Instructor George Barberoglou. 100 hours.
3. Advanced Refrigeration Reciprocating, 20 to 100 tons: Instructor John Bean. 100 hours.
4. Basic / Advanced Electricity: Instructor Robert Johnson. 100 hours.
5. High Purity Piping: Instructor – Larry Tyrrell. 100 hours.
6. Special Seminars:
   1. Variable Speed Drives: Instructor Fred Lohr. 20 hours. This class will start on     Saturday, January 5^th, 2008 at 7:00 AM and will run for (4) Saturdays.
   2. Introduction to EMS: Instructor King Thomas. 50 hours. This class will start on Saturday February 2^nd, 2008 at 7:00 Am and will run for ten (10) Saturdays.
   3. Medical Gas: Instructor – Kevin Knighton. 40 hours. Dates and times to be determined

Please call the school (301-341-1555) for more information and to register for any of the Seminars. All other classes are on a walk in basis, provided there is space available, to all Members of Local 602.

ARTICLE XXI

Wages, Fringes

108. Effective 8/1/2006 the total wage packet will increase by $1.80 per hour for journeymen and appropriate percentages for apprentices. 

                                                                                         1st Year       2nd Year      3rd Year    4th Year     5th Year
                                                             Apprentice   Apprentice    Apprentice  Apprentice  Apprentice
                                            Journeyman    45%            55%            65%          75%          80%

Straight Time.................      31.27       14.68        17.94        20.33       23.45        25.02
Time & One-Half...........      46.91      22.02        26.91        30.49       35.18        37.53
Double Time..................      62.54      29.36        35.88        40.66       46.90        50.04
Working a Paid Holiday,

Holiday Pay + One & One-Half...78.18       36.70        44.85        50.82       58.63        62.55
Shift Work @ 15% 5 days........   35.96       16.88        20.63        23.38       26.97        28.77

Employer
    Contributions
Medical Fund.................          5.61         5.61          5.61          5.61         5.61        5.61
Pension Fund.................         5.54           .25            .35            .45           .55        5.54

RSP................................           1.35          —             —           1.35         1.35        1.35

Apprenticeship Fund....          .27           .27            .27            .27           .27          .27
Int. Training Fund..........          .05           .05            .05            .05           .05          .05
Industry Fund................           .09           .09            .09            .09           .09          .09
Communication/
    Productivity Fund.....            .04           .04            .04            .04           .04          .04

Total Package..............        44.22      20.99          24.35          28.19         31.41      37.97

1st year and 2nd year Apprentice no RSP. $31.27 base rate + 1.35  used to calculate wage rate, for a total of $32.62.

109.  The current contract will expire on July 31, 2007.

178.  Helpers Wage and Fringe Payments, effective August 1, 2006 through July 31, 2007.

First Year....................................................$10.25

Time & One-Half................................$15.38

Double Time.......................................$20.50

‑Working a paid holiday,
    Holiday pay & One and One-Half...$25.63

Shift Work @ 15% 5 days................. $11.79

Second Year.................................................$10.75

Time & One-Half................................. $16.13

Double Time........................................ $21.50

‑Working a paid holiday,
    Holiday Pay & One and One-Half.... $26.88

Shift Work @ 15% 5 days.................   $12.36

Third Year....................................................$11.60

Time & One-Half................................. $17.40

Double Time........................................ $23.20

‑Working a paid holiday,
    Holiday Pay & One  & One-Half...... $29.00

Shift Work @ 15% 5 days.................... $13.34

Fourth Year................................................. $12.90

Time & One-Half................................. $19.35

Double Time........................................ $25.80

‑Working a paid holiday,
    Holiday Pay & One  & One-Half...... $32.25

Shift Work @ 15% 5 days.................... $14.84

Paid by the Employer on Mechanical Helpers

Medical Fund........................................ $5.61

Industry Fund....................................... $0.09

No other Fringes to be paid on Mechanical Helpers

No Pension, Annuity or Apprentice Fund.

supplemental service agreement

ARTICLE IX

Wages, Fringes

35.  Effective 8/1/2006 the total wage packet will increase by $1.80 per hour for journeymen and appropriate percentages for apprentices. 

                                                                                            1st Year     2nd Year      3rd Year      4th Year       5th Year
                                                               Apprentice Apprentice   Apprentice  Apprentice    Apprentice
                                             Journeyman    45%          55%             65%           75%           80%

Straight Time.................      31.27      14.68        17.94        20.33       23.45        25.02
Time & One-Half...........      46.91      22.02        26.91        30.49       35.18        37.53
Double Time..................      62.54      29.36        35.88        40.66       46.90        50.04
Working a Paid Holiday,

    Holiday Pay and One and

    One-Half....................         78.18       36.70        44.85        50.82       58.63        62.55
Shift Work @ 15% 5 days   35.96        16.88        20.63        23.38       26.97        28.77

Employer
    Contributions
Medical Fund...................        5.61         5.61          5.61          5.61         5.61        5.61
Pension Fund.................         5.54           .25            .35            .45           .55        5.54

RSP..................................         1.35          —             —           1.35         1.35        1.35

Apprenticeship Fund....          .27           .27            .27            .27           .27          .27
Int. Training Fund..........          .05           .05            .05            .05           .05          .05
Industry Fund................           .09           .09            .09            .09           .09          .09
Communication/
    Productivity Fund.....           .04           .04            .04            .04           .04          .04

Total Package..............        44.22      20.99          24.35          28.19         31.41      37.97

1st year and 2nd year Apprentice no RSP. $31.27 base rate + 1.35  used to calculate wage rate, for a total of $32.62.

36.  Residential Tradesmen.  $1.60 per hr. increase 8/1/2006 - 7/31/2007.

Straight Time............................... 17.60

Time & One-Half......................... 26.40

Double Time................................ 35.20

Working a Paid Holiday,

Holiday Pay One & One-Half...... 44.00

Shift Work @ 15% 5 days........... 20.24

Employer Contributions

Medical Fund...........................   5.61

Pension Fund..........................   5.54

RSP..........................................    1.35

Apprenticeship Fund.............     .27

Int. Training Fund...................     .05

Industry Fund..........................     .09

Communication/

 Productivity Fund...................     .04

Total Package       30.55

37.  Helper’s Wages.  Wage and Fringe Payments, effective August 1, 2006 through July 31, 2007.

First Year.................................................... $ 10.25

Time & One-Half................................. $15.38

Double Time........................................ $20.50

‑Working a paid holiday,
    Double Time & One-Half................. $25.63

Shift Work @ 15% 5 days................... $11.79

Second Year................................................ $10.75

Time & One-Half................................. $16.13

Double Time........................................ $21.50

‑Working a paid holiday,
    Double Time & One-Half................. $26.88

Shift Work @ 15% 5 days................... $12.36

Third Year................................................... $11.60

Time & One-Half................................. $17.40

Double Time........................................ $23.20

‑Working a paid holiday,
    Double Time & One-Half................. $29.00

Shift Work @ 15% 5 days................... $13.34

Fourth Year................................................. $12.90

Time & One-Half................................. $19.35

Double Time........................................ $25.80

‑Working a paid holiday,
    Double Time & One-Half................. $32.25

Shift Work @ 15% 5 days.................. $14.84

Paid by the Employer on Mechanical Helpers

Medical Fund...................................... $5.61

Industry Fun..................................       $0.09

No other Fringes to be paid on Mechanical Helpers

No Pension, Annuity or Apprentice Fund.

__________________________________________________________________

Medical Coverage

The Plan pays the first $150.00/per year for a routine physical exam

(physician portion).

 $250.00/per year allowed for Diagnostic X-Ray and Laboratory work.

 Once these maximums are reached, the balance is applied to the Major Medical Portion of the Plan.  $200.00 per calendar year deductible, per person, $400.00 per calendar year, per family, once the deductible has been met the balances of covered services are paid at 80% of the Usual and Customary charges.

 Medical coverage also provides for Outpatient Physician Visits, first $50.00 paid in full, balance under the Major Medical portion of the Plan.

 Emergency Room visits for emergency reasons only, first $200.00 paid in full, balance under the Major Medical portion of the Plan. 

 Optical Benefits are payable every eighteen (18) months at $150.00/for each member and eligible dependent.

 Dental Services are covered at 80% of the Usual, Customary charge with a yearly maximum of $1,500.00.  The Fund also has its own preferred provider arrangement.  If services are performed by a participating dentist, benefits are payable at 100% up to the $1500.00 yearly maximum.  Certain services are covered under the Surgical portion of the Plan and are payable at 90%. 

 There is NO Orthodontic Coverage.

 You are also entitled to Prescription Drug Coverage at $5.00 for generic, $10.00 for named brand for a thirty day supply, up to a maximum of $7,000.00 per year.  Once the $7,000.00 is used the Plan will pay 80% of the allowed amount.

 There is a mail order prescription drug benefit available for maintenance drugs, copayments are the same however, you will receive a 90 day supply for the same copayment as a one month supply at the pharmacy.

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Steamfitters Local 602 Retirement Funds

Pension

 Five year vesting.  Five years of service in order to “vest”.

 Vesting Service is one year for each Plan year, in which you earn at least 1000 hours of service in covered employment. Based on September 1, through August 31.

 Deferred Vested Pension

 A regular pension is available as early as age 62, provided a member has five vesting credits, (five years of service) (as required by Federal Law).  Benefits at age 62 (based on the current benefit of $137.00 per month) would be $685.00 monthly.  For the five year period based on the current employer contribution of $4.76/per hour, your employer will have contributed $40,035.00, you will have received the full benefit in return at the end of 59 months (approximately 5 years).  The rest of the payments will continue for your lifetime, the cost borne by the Fund.  See Death Benefits for further information

 Please note contributions in to the Fund are based on hours worked, not hours paid.

 This option will not qualify for extended Medical Coverage upon retirement.

 A Minimum of Ten Years of Service:

 One Year of service is equal to 1700 hours.  Any additional hours worked over the 1700 are added to your credit.  You may actually earn more than 1 year of credit per year.  For example, 1800 hours would give a member 1.059 service credits (1800/1700).

 Please note contributions are based on hours worked, not hours paid.

 Regular Pension

 Upon reaching aged 62 with 10 years of service, the current benefit is $137.00 for each year of service. Example 10 years at age 62 a member could retire with a single life pension of $1,370.00 per month.

 For the ten year period, based on the current rate, your employer will have contributed $80,070.00, you will have received the full benefit in return at the end of 58 months (approximately 5 years).  The rest of the payments will continue for your lifetime, the cost borne by the Fund.  See Death Benefits for further information.

 Early Pension

 Upon reaching age 55 with 10 years of service, the current benefit is $137.00 for each year of service, less 3% reduction per year below age 60.  Example:  $1370.00 less $205.50 (3% reduction per year below age 60) a member could retire with a single life pension of $1,164.50.

For the ten year period, based on the current rate, your employer will have contributed $80,070.00, you will have received the full benefit in return at the end of 69 months (approximately 6 years).  The rest of the payments will continue for your lifetime, the cost borne by the Fund.  See Death Benefits for further information.

 Disability Pension

 Upon total and permanent disability, awarded by the Social Security Administration, a member could retire, at any age prior to age 62, with ten years of service, provided he/she worked in covered employment or made self contributions for a total of at least 2000 hours in the period consisting of the Plan Year in which you became totally and permanently disabled, and the two previous plan years. 

 Death Benefit

 If you should die prior to retirement, your beneficiary is entitled to receive a refund of the contributions made in your behalf prior to becoming vested or once vested, 50% of the benefit you would have received had you retired the day before you died and elected the Joint & Survivor Form of payment.  Benefit is payable when you would have been 62 or age 55 if you have 10 or more service credits.  Spouse can elect a lump sum payment instead of a monthly award.  If you are not married, your beneficiary will receive a lump sum payment of the contributions made in your behalf.

 Post Retirement Death Benefits

 If no Joint & Survivor Annuity is chosen, the difference, if any, between contributions made in your behalf and the amount of benefits paid while retired is payable as a lump sum.

 If a Joint & Survivor Annuity is chosen, your spouse gets a percentage of your benefit usually 50% but can be 75% or 100%. 

 If you retire directly from active employment, you can elect a Joint & Survivor Annuity such that if your spouse dies before you, your benefit “pops up” to the amount it would have been had you not elected the Joint & Survivor Annuity originally.

 Medical Coverage is offered to retirees who have maintained 10 out of 12 years of eligibility prior to retirement there is a cost per month depending on your age, from age 55 to 60 the cost, per month, is the current medical rate X 160 hours, from age 60 – 62 the cost per month is $218.00, 62-Medicare eligible $86.00 per month, and Medicare eligible the cost per month is $75.00.

 Surviving Spouses and Dependents of Deceased Employees or Retirees

 If you are eligible under the Medical Plan, whether active or retired, upon your death, your spouse and eligible dependent children will be extended coverage at no cost for one full year (unless spouse remarries within that one year).  If you are an eligible member (active or retired), and you had reached age 50 at the time of your death, your spouse can continue to receive benefits after the one year period, the current rates for widows are $66.00 monthly age 65 and over, $118.00 monthly under age 65.  If you have not obtained age 50 at the time of your death, after the one year period your spouse will be offered COBRA Continuation Coverage.

 Retirement Savings Plan

If you receive 1.5% of your contribution to the company 401K Plan which averages to about $18.00/weekly based on 40 hours.

 Under the Union Retirement Savings Plan (which is a self directed Annuity type Plan), the contribution is currently $1.35 per hour which average to $54.00 weekly, all employer contributions.  There is immediate vesting for all contributions.  Currently the contributions are placed in a guaranteed fund until the participant elects to change investment options.  The change of investment options can be done via internet, phone or mail.   

 You can collect the balance of your account when you retire or separate from employment for a period of twelve months.

At the time of your death, your beneficiary will be entitled to receive the balance in your account.

 Existing 401K funds can be rolled over into the Retirement Savings Plan.

___________________________________________________________________________

CURRENT DEATH # 1235