USW Convention | April 7-10, 2025 Get registration information here
Tentative Agreement Highlights
When bargaining started, our goal was to negotiate a fair contract with ArcelorMittal that made our jobs, earnings and retirements more secure during a period of time when the industry was being devastated with illegal and unfair trade. The proposed agreement accomplishes our goals and represents a progressive step forward for ArcelorMittal Steelworkers and retirees and our union as a whole.
While we complete work on a more comprehensive summary and prepare for the ratification process, here are some of the highlights of the tentative agreement:
• A three year agreement retroactive to Sept. 1, 2015
• A $2.5 billion capital expenditure program
• Combined all the PIBs (Program of Insurance Benefits) into one with no premiums
• Added Vision Coverage for all retirees at no additional cost
• 90/10 heath care plan for active and retired members
• Improved coverage for Legacy Retirees in the VEBA
• Converted the fixed contribution into the VEBA to a variable contribution of 5% of EBIT paid quarterly
• Improved the Inland DB pension with a 10 year certain (was a 5 year certain) and increased the multiplier to $105 for future years of service, both retroactive to January 1, 2016
• Increased SPT pension contribution by $0.05 per hour per year (total of $0.15), retro to 09/01/15
• Introduced a Hot Rolled Bonus program that pays quarterly when hot roll prices go above $600 per ton
• Established a parental leave provision under FMLA
• Established an experimental child care reimbursement program
• Improved hiring preference for relatives of USW employees
• Pre-Medicare retiree monthly contributions increase from $70 to $100
• Medicare eligible retiree monthly contributions increase from $35 to $50
As this process continues, please stay in touch with your local union if you have questions or concerns and keep an eye out for future updates. Click here to download a PDF of this update.
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