1469 Jean Street Montgomery, AL 36107 Phone: (334) 272-8830 Fax: (334) 272-8831

Wages, Retirement, SERF

Negotiated Wage Rates

Inside Journeyman Wireman
  1/1/15 Through 8/31/15            $23.80/hr.

Outside Journeyman Lineman
  03/1/15 Through 11/30/15        $29.03/hr.

Local Union Pension

Southern Electrical Retirement Fund (S.E.R.F.)
$3.40 per hour worked for Inside Journeyman Wireman
14% of negotiated wage rate per hour for Outside Journeyman Lineman ($4.06 per hour)
(Defined Contribution paid by employer)

 

Journeyman Wireman Journeyman Lineman
Years Accrued Benefits Years Accrued Benefits
5 $38,681.91 5 $38,321.39

10

$100,979.52 10 $100,463.72
15 $201,310.44 15 $202,372.07
20 $362,894.39 20 $367,728.33
25 $623,126.96 25 $643,552.47
30 $1,042,234.11 30 $1,153,412.97

Basis for accrued benefits:
•    1,800 hours worked per year.
•    10% return on investment per year.
•    Based on inside contribution rates.