Union officials said economic terms of the Chrysler deal, outlined in an official document obtained by Reuters, were largely copied in the UAW's tentative deals with Ford Motor Co. (F) and General Motors Corp. (GM)
— Up-front "signing bonus" of $3,000 when contract is ratified.
— A lump-sum payment in 2004 equal to 3 percent of "qualified" earnings, including bonuses and overtime.
— 2 percent wage increase in 2005
— 3 percent wage increase in 2006
— The basic benefit rate — a figure used to calculate monthly retiree payments — will rise about 9 percent over the contract, from $46.70 currently to $50.90 in 2006.
— The "30-and-out" monthly benefits, paid to workers who do not qualify for Social Security but have 30 years of seniority, will rise by about 11 percent, or $290, during the contract.
— Prescription drug co-payments for active employees rise to $10 for brand-name drugs and remain at $5 for generics. Co-payments for UAW retirees remain at previous levels..
— Certain drugs must be bought through mail order, and generics will be required where possible.
— Increased maximums for dental treatment; full coverage for outpatient dental surgery.
— Scratch-resistant eyeglass lenses, flu shots for children and adults, wigs for adults in cancer treatment and mammograms for women at risk of cancer between 35 and 40 years old all covered for first time.
— Tuition assistance increases to $4,600 per year for active employees and up to $8,400 per year for laid-off workers.
— Election day in November 2005 added as a holiday.
— Attendance policy toughened; workers can be fired if they have nine unexcused absences in 22 months.