N.Y. Newspaper Guild Members Ratify New Contract at Standard & Poor's

S&P Members Ratify Contract 11NOV13

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.

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

- See more at: http://www.nyguild.org/standard-poors-news-details/items/sp-members-ratify-contract.html#sthash.rTDW0nJp.dpuf