Payments in lieu of vacation and pension

Payment in Lieu of Vacation

Each person hired on a daily basis more than eighty (80) days in any calendar year, shall receive annual vacation pay in an amount equal to 4% of such employee’s straight time rate of pay for all straight time hours worked in that calendar year. Each person hired on a daily basis more than two hundred (200) days in any calendar year, shall receive annual vacation pay in an amount equal to 6% of such employee’s straight time rate of pay for all straight time hours worked in that calendar year.
This will be payable by separate check by February 15th of the following year.

Payment in Lieu of Pension

For those Daily Hires who work more than 20 days in a calendar year the Company will contribute an amount equal to 4% of their straight time rate of pay for all straight time hours worked in that calendar year. Contributions will be paid by separate check to the CWA SRT by February 15th of the following year.

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