S&P Members Ratify Contract 11NOV13
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| Guild members vote to ratify the new contract at S&P |
in
the first of three ratification meetings, the ayes had it, including
bargaining committee members Joe Agnese, front row left, and Peter
Burke. - See more at:
http://www.nyguild.org/standard-poors-news-details/items/sp-members-ratify-contract.html#sthash.rTDW0nJp.dpu
N.Y. Guild members at Standard & Poor’s overwhelmingly
ratified a three-year contract on Monday that includes a 9 percent pay package of
wages and merit pay, cash payments estimated to be more than $8,500 for
employees with at least five years of service and an extra three years
of service credit in a defined benefit pension plan that will be frozen
at the end of the year. The first annual pay hike of 3 percent is
retroactive back to April 1.
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| NY Guild President, Bill O'Meara explains the details of the new 3 year contract |
More than half of the Guild members at S&P turned out to vote at the three meetings held at the S&P building in lower Manhattan. Contract talks began in March, with management demanding a pension freeze, which it had already done to non-Guild employees, and reduced employment security, which Guild negotiators fended off.
in
the first of three ratification meetings, the ayes had it, including
bargaining committee members Joe Agnese, front row left, and Peter
Burke. - See more at:
http://www.nyguild.org/standard-poors-news-details/items/sp-members-ratify-contract.html#sthash.rTDW0nJp.dpuf