Attention IAM Members at Lockheed Martin-Fort Worth

Effective July 1st, 2017 each of you will receive a 2.5{fef63a7a1c45249003d27d2dd289562af919d51cd0652411048f8a441cb7ccda} General Wage Increase.

Anyone who has scheduled their retirement between now and December 31st, 2017 may elect a lump sum payment of 2.5{fef63a7a1c45249003d27d2dd289562af919d51cd0652411048f8a441cb7ccda} of the employee’s gross hourly earnings for the period of  December 26, 2015 through December 23, 2016.

Gross hourly earnings include the employee’s regular working rate earnings plus overtime pay earnings, and other paid hours covered under the provisions of the Collective Bargaining Agreement. Payments do not include payments in lieu of personal business leave or vacation.

If you wish to receive the lump sum payment in lieu of the general wage increase, you must pick up the election form from the payroll office and have the form completed and returned to the Payroll office no later than June 1st, 2017.

 Full details can be found on-line in Article 3, Section 4-C of the Collective Bargaining Agreement.

In Solidarity,

Paul Black Jr.

President/Directing Business Representative

 

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