➤ Why didn’t the bargaining team allocate more money toward the pension plan?

  • The benefit contribution increase in the two tentative agreements would have increased the benefit accrual by 23% over the life of the contract.
  • Because the pension plan is a green-zone plan projected to be fully funded in 2027, the bargaining committee wanted members to get pay raises so some of the financial benefits are on the check as well.
  • Members working under both the AGC Area Master Agreement and the Wall and Ceiling Agreement contribute the same amount to benefits. Until a new contract is signed, members working under the Wall and Ceiling Agreement will see the full rate on their checks. At the time a contract is reached, members working under the Wall and Ceiling contract will have the ratified benefit contributions backed out of their checks and they would not get their anticipated raise the first year of the AGC contract.

Did You Know?

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