Agreement Expands Defined Benefit Pension Plan
(Rochester, NY) – Today, the Board of Commissioners of the Public Authority approved a new five-year agreement between Teamsters Local 118 in Rochester and the Regional Transit Service (RTS), a subsidiary of Rochester Genesee Regional Transit Authority.
The agreement was previously ratified by the members on March 28. The 46 Local 118 members work in the supervisory capacities of radio controllers, dispatchers, garage foreman and road supervisors.
Highlights of the agreement include:
Wage increases ranging between 10-15.25 percent over the term of the agreement (retroactive to Jan. 1, 2012)
Comprehensive health and welfare benefit package
Expansion of defined benefit pension plan
Generous Incentive pay program
Maintenance of retiree healthcare benefits
Expansion of Teamster jurisdiction
“Despite a lengthy negotiating period, we were pleased that the outcome of negotiations provided significant economic gains including the preservation and expansion of meaningful health, welfare and pension benefits” said Teamsters Local 118 business agent Paul Markwitz.
Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and on Facebook at www.facebook.com/teamsters.