Where is the arbitration award on the retiree health care cost ?????
This is the update posted on the our web site in early January, we still have not heard anything.
Local 804 is continuing the fight to maintain affordable retiree healthcare.
The Company Trustees on the Health Fund want to hike the cost of retiree healthcare by 10 percent in January. Local 804 took the issue to arbitration. Now we’re awaiting the arbitrator’s decision.
The Union Trustees’ position is that the cost of retiree healthcare does not need to be increased.
“The Fund can afford to keep retiree healthcare costs the same and it's the right thing to do,” said Tim S. “It’s time to reward the members and retirees who built this fund and saved it from bankruptcy.”
The cost of retiree healthcare is set by a vote of the Trustees on the Health Fund. Company Trustees control half of the votes.
With the issue deadlocked, an arbitrator will now make the final decision.