We’re not seeing any benefits diminished, and management is not gaining any additional rights. The contract term is from July 1, 2021, through June 30, 2025.
The pay increases you will receive are a combination of ongoing pensionable base-wage increases, pensionable step increases, including retro pay for those who did not receive their step increases once our contract expired, and one-time non-pensionable bonuses.
Below is a brief summary of the details. We will provide a more extensive explanation of the contract at the member briefings we will hold, as well as follow-up communications.
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