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2020 -2026 Propose Contract Amendment

Video Presentation by Matt Kempf, CFP®
Senior Director of Compensation and Retirement

Summary of offers

Contract redlines
(proposed changes marked in red)

Prof Unit Tech Unit

Contract offers (no redlines)

Tech Unit

Contract Offer Overview
Presentation - pdf

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 Summary of Proposed Changes  
  • Sick Leave & Family Illness

    • Upon Ratification: Washington State Paid Family and Medical Leave Program

    • Participation in future state legislation in California, Oregon, and/or Utah

  • Compensation - Updated Feb. 17, 2020

Wage
Increase
Pool

Promo &
OOS Funds*

Total

Additional
Lump Sum
Award

 

Prof

Tech

Prof

Tech

Prof

Tech

Prof

Tech

 

2020

3.0%

3.0%

0.5%

0.5%

3.5%

3.5%

2.0%

2.0%

 

2021

3.0%

3.0%

0.5%

0.5%

3.5%

3.5%

2.0%

2.0%

 

2022

3.0%

3.0%

0.5%

0.5%

3.5%

3.5%

1.5%

1.5%

 

2023

3.0%

2.0%

1.5%

1.5%

4.5%

3.5%

0.0%

1.0%

 

2024

3.0%

2.0%

1.5%

1.5%

4.5%

3.5%

0.0%

1.0%

 

2025

3.0%

2.0%

1.5%

1.5%

4.5%

3.5%

0.0%

1.0%

 

2026

3.0%

2.0%

1.5%

1.5%

4.5%

3.5%

0.0%

1.0%

 

* If not spent, rolls into next year's Wage Increase Pool

2021-2022 Min 2% Prof, 2.5% Tech - Min Satisfied by Lump Award first

2020, 2023-2026 Min 2% Prof & Tech Minimum Salary Increase

    • Voluntary Investment Plan

      • Increased maximum employee contribution from 30% to 50%

    •  Group Benefits – Attachment A

      • No change in benefits. No change in healthcare premium contributions until 2023.
      • Effective 1/1/2023, eligible new retirees will pay no less than Pay Band 1

    Percent of Health Plan Total Monthly Cost      
    (not a percentage of your salary)

    Advantage+ Health Plan

    Traditional Medical Plan

    All Other Plans

    Current through 2022 (no change)

    0%

    5%

    12%

    Effective Jan. 2023

     

     

     

             Pay Band 1:  $100,000 or less

    0%

    6%

    12%

             Pay Band 2:  $100,000.01 to $200,000

    6%

    9%

    15%

             Pay Band 3:  $200,000.01 or more

    9%

    12%

    18%


    • Ed Wells

      • Continued Funding Increases, additional $250k of special targeted funds

    • Employee Incentive Plan

      • Short Term Incentive - 30% increase, from 10-day target (3.84%) to 5% target

    • SPEEA Professional Unit Classifications

      • Addition of Data Scientist Job Code

    • Parental Leave

      • Effective June 1, 2020: 12 weeks Boeing paid Parental Leave – 12-month lookback

    • Student Debt Assistance Related Tools and Benefits

      • Included in potential future non-union student debt assistance benefits

    Articles and LOUs with Material Modifications

    Article 6

    Sick Leave, Bereavement & Family Illness

    Minor Enhancement

    Article 11

    Rates of Pay and Work Schedules

    Major Enhancement

    Article 15

    Voluntary Investment Plan

    Very Minor Enhancement

    Article 16

    Group Benefits

    Contribution Increases in 2023

    Article 20

    Ed Wells Partnership

    Minor Enhancement

    LOU 20

    Employee Incentive Plan

    Major Enhancement

    Prof: Appendix B

    SPEEA Professional Unit Classifications

    Minor Enhancement

    LOU XX

    Paid Parental Leave

    Major Enhancement

    Side Letter

    Student Debt Assistance

    Potential Future Enhancement

    Articles and LOUs with Immaterial or No Changes

    Article 1

    Recognition

    No Change

    Article 2

    Rights of Management

    No Change

    Article 3

    Grievance Procedure and Arbitration

    No Change

    Article 4

    Performance Management

    No Change

    Article 5

    Vacation Plan

    No Change

    Article 7

    Holidays

    Updated Dates

    Article 8

    Workforce Administration

    Name Changes

    Article 9

    Non-Boeing Labor

    No Change

    Article 10

    Joint Meetings

    No Change

    Article 12

    Union Officials

    No Change

    Article 13

    Union Security

    No Change

    Article 14

    Strikes and Lockouts

    No Change

    Article 17

    Retirement Plan

    No Change

    Article 18

    Non-Discrimination

    No Change

    Article 19

    Separability

    No Change

    Article 21

    Layoff Benefits

    No Change

    Article 22

    Job Classifications

    No Change

    Article 23

    Duration

    Updated Dates

    LOUs 1 – 19

    Various Letters of Understanding

    No Change

    LOUs 21 – 29

    Various Letters of Understanding

    No Change

    Appendix A

    Holiday Schedule

    Updated Dates

    Attachment A

    Heath and Insurance Plans

    Immaterial Changes

    Attachment B

    Retiree Medical Plan

    Immaterial Changes