UAW Local 1069

September 27, 2023

Dear Brothers and Sisters,

On Friday, October 13, 2023, we will be receiving a $0.13 Cost of Living Adjustment (COLA) bringing us to a total year-to-date of $0.37. Also, Effective Friday, October 13, 2023, we will be receiving a 5% Lump Sum. Since we are still waiting for the Company to print the Contract Books, here is the language; Lump Sums will be granted for employees on the active payroll and in the Bargaining Unit, including those on an approved Leave of Absence for (90) days or less on such dates specified below as follows:

Effective October 13, 2023, employees will receive a five percent (5%) lump sum. Lump sums will be calculated based on an employee’s pure base rate (plus shift differential and lead pay if applicable) in effect on October 13, 2023, multiplied by 2080. The lump sum payment will be paid within thirty (30) calendar days of October 13, 2023, and will be eligible for deferral under The Boeing Company 401(k) Retirement Plan (the “401(k) Plan”) in accordance with Section 2.d. of Article XVII of this Agreement.

Lump Sums 2023 and 2025 An Employee who receives a lump sum in accordance with Section 3.b.2 and/or 3.b.4 of Article XI (Rates of Pay), payable within thirty (30) days of October 13, 2023, and/or October 13, 2025, will have the right to timely defer up to 100% (in whole percentage increments) of any such lump sum into the Plan. Such deferral election(s) will not be eligible for Company matching contributions nor Special Company Retirement Contributions. Further, the deferral election(s) will be subject to IRS and Boeing 401(k) Plan contributions limits and pursuant to procedures established by the Plan Administrator of the Plan.

In Solidarity,
Tom Lyons
UAW Local 1069

Comments are closed.

UAW Local 1069