by David Robb

A month after IATSE reached a tentative three-year film and TV agreement with producers, details of the deal finally are emerging. The union has yet to disclose the terms publicly, but Deadline has learned that it calls for 3% pay raises in each year of the contract, which is in line with the deals Hollywood’s other major unions got in their recent rounds of collective bargaining.

Covering some 38,000 of the union’s Hollywood-based members, the new pact with management’s Alliance of Motion Picture & Television Producers also calls for pensioners who retired prior to August 1, 2009, to receive two extra pension checks on or about November 1 of each year of the new contract so long as the Motion Picture Industry Pension Plan remains on sound financial footing. Employer contributions to the union’s pension plan also will increase by 18 cents per hour worked in each year of the pact. The union’s Defined Benefit Pension Plan benefit accrual formula also will increase by 10% for active participants, effective January 1, 2017, and retroactive to August 1, 2015.

The union also won what it’s calling “major improvements” for members working in new media and for the first time got the companies to make contributions to its Entertainment and Exhibition Industries Training Trust Fund, which provides safety training for motion picture workers covered by the contract.

http://deadline.com/2015/05/iatse-contract-terms-revealed-pay-raises-pension-increases-1201431329/