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Retirement Savings Plan Design Element
      

History of Employer Contributions Required
For Each Hour of Work Under Collective Bargaining Agreements Requiring Contributions to the Northern California Electrical Workers Money Purchase Pension Plan

 

EMPLOYEES EMPLOYED UNDER THE
INSIDE WIREMEN AGREEMENT
June 1, 1980 - May 31, 1981
$0.17
June 1, 1981 - November 30, 1981
$0.67
December 1, 1981 - May 31, 1982
$0.72
June 1, 1982 - November 30, 1983
$1.00
December 1, 1983 - May 31, 1984
$1.27
June 1, 1984 - may 31, 1985 $1.52
June 1, 1985 - May 31, 1986
$1.73
June 1, 1986 - May 31, 1987
$2.00
June 1, 1987 - May 31, 1990
$2.74
June 1, 1990 - May 31, 1995
$3.00
June 1, 1995 - Forward
$3.04
June 1, 1995 - May 31, 1998
$3.04
June 1, 1998 - Forward
(based on industry experience as defined in the collective bargaining agreement
Classification 2
$3.04
Classification 3
(1 years or more at Journeyman or
above level) $4.04
Classification 4 (2 years or more at Journeyman or
above level) $5.04
Classification 5 (3 years or more at Journeyman or
above level) $6.04

CURRENT APPRENTICESHIP RATES--EFFECTIVE 6/1/2000

40% apprentices

$0.00
45% apprentices $1.37
50% apprentices $1.52
55% apprentices $1.67
60% apprentices
$1.82
65% apprentices $1.98
70% apprentices
$2.13
75% apprentices
$2.28
80% apprentices $2.43
EMPLOYEES EMPLOYED UNDER THE MOTOR SHOP AGREEMENT
Commencement of Participation was June 1, 1981
June 1, 1981 - May 31, 1983
$0.15
June 1, 1983 - May 31, 1985 $0.30
June 1, 1985 - May 31, 1986
$0.71
July 1, 1986 - May 31, 1987
$0.00
June 1, 1987 - May 31, 1995 $1.00
June 1, 1995 - Forward $2.00
EMPLOYEES EMPLOYED UNDER THE
STOREKEEPERS AGREEMENT
New hires after June 1, 1986 $2.00