|
Memorandum of Agreement
This Memorandum of Agreement (MOA) between the Communications Workers of America and AT&T Southeast and the attachments hereto reflect modifications agreed to this date to the 2009 Benefit Agreement.
These modifications apply to BellSouth Telecommunications, Inc. for Utility Operations. This MOA does not apply to BellSouth Telecommunications, AT&T Billing Southeast, LLC, and BellSouth Advertising & Publishing Corporation bargaining units.
Attachment 1 Benefits Memorandum of Agreement; Exhibit 1; page 1 (as modified)
Note: This Attachment 1 replaces in its entirety page 1 of Exhibit 1 to the Benefits Memorandum of Agreement previously agreed to on April 21, 2010.
Attachment 2 Success Sharing Plan (as modified)
Agreed: June 21, 2010.
For the CWA: For the Company:
_________________________ _________________________
Thelma Dunlap John P. Trageser
Administrative Director – CWA District 3 Executive Director – Labor Relations
AT&T Southeast
Attachment 1 CC.01.06 – Exhibit 1 Modified 6/21/10
Benefit Outline Summary
|
Provision
|
Current Employees and New Hires
|
|
Active Employees
|
|
Effective Date(s)
|
Health & Welfare: 1/1/2011
|
|
Eligibility
|
|
For Medical, Dental,
Vision, CarePlus,
and Life Insurance
(unless otherwise specified)
|
No change from current plan except as follows:
New Hires
New Hires will default to no medical coverage if no election is made during enrollment
|
|
Health Reimbursement Account (HRAs)
|
|
New Hires
None
Current Employees
None
|
|
Medical
|
|
Plan
|
The BellSouth Medical Assistance Plan (MAP)
- POS Option – includes Network and Non-Network benefits
- PPO Option – includes PPO and Non-PPO benefits
Indemnity Option
HMOs (available at the discretion of the Company)
Managed Competition will not be utilized.
|
|
Eligibility
for Company
Subsidy
|
Company subsidy begins as of the first day of the month Employee attains 6 months Seniority
|
|
Active
(Full-Time)
Monthly Contributions
|
New Hires Current Employees
Contribution Amounts Contribution Amounts
2011
2012 2011 2012
Ind
$35
$35 $10 $35
Family
$75
$75 $25 $75
Working Spouse Contributions will no longer apply.
|
|
Active
(Part-Time)
Monthly Contributions
|
No change from current plan
|
|
Definition of Pay
|
No change from current plan
|
|
Annual
Deductibles
|
Network/PPO/Indemnity
Non-Network/Non-PPO
Ind
$350
$900
Family
$700
$1,800
Annual Deductible provisions:
- Applies to all covered health services, including mental health/substance abuse benefits under the plan.
The following costs will never apply towards Deductible:
Network/PPO/Indemnity preventive care
Any applicable monthly contributions
Prescription drugs
Any charges for non-covered health services
Any penalties for failure to comply with terms of plan (i.e., preauthorization /predetermination)
Charges that exceed eligible expenses
Any charges for services that are exclusions under the plan
Actual amount that is applied to the Annual Deductible is calculated on the basis of eligible/allowable expenses.
Separate Deductible amounts apply to Network/PPO/Indemnity, Non-Network, and Non-PPO. Amounts incurred under each option do not cross apply between any other option.
With Family coverage, a covered person is eligible to receive benefits once their eligible/allowable expenses satisfy the Individual Deductible amount. The Family Deductible is met once any combination of covered persons’ eligible/allowable expenses meet the Family Deductible amount. It is not necessary that any one individual reach the Individual Deductible but no one individual may contribute more than the Individual Deductible amount.
|
1
CWA: _____
AT&T: _____
Attachment 2
Modified June 21, 2010
SUCCESS SHARING PLAN
Based on the Union and Company’s desire to have employees share in the success of AT&T Inc. (AT&T), the parties agree to a Success Sharing Plan (SSP). Eligible employees may receive annual lump sum cash payments, based on AT&T stock price appreciation and AT&T dividend rate.
- A. Plan Components
- 1. Success Units
Employees will be awarded 150 success units at the beginning of each award year (October 1, 2009, October 1, 2010 and October 3, 2011). Those success units will only be valid for that award year and will not carryover to the next award year. A success unit is only used as a multiplier in the payout calculation and is not a share of stock nor has any other value.
- 2. Determining Stock Appreciation Award Value
|
Award Year
|
Beginning Award Value
|
Ending Award Value
|
|
2010
(October 1, 2009 to September 30, 2010)
|
October 1, 2009 closing AT&T stock price
|
September 30, 2010 closing AT&T stock price
|
|
2011
(October 1, 2010 to September 30, 2011)
|
October 1, 2010 closing AT&T stock price
|
September 30, 2011 closing AT&T stock price
|
|
2012
(October 3, 2011 to September 28, 2012)
|
October 3, 2011 closing AT&T stock price
|
September 28, 2012 closing AT&T stock price
|
The stock price used in establishing the award value will be the closing AT&T stock price on the New York Stock Exchange.
The award value will be adjusted proportionally to reflect any stock split.
- 3. Determining Dividend Rate Value
For Award Year 2012, the payout will include a dividend rate value. This value will be determined by adding each AT&T declared quarterly dividend during the award year (December 2011, March 2012, June 2012, and September 2012) and multiplying this total by 150 success units.
1
CWA: _____
AT&T: _____
- 4. Payout
- A. For Award Years 2010 and 2011:
Employees will receive a total payout based on the difference between the ending award value and the beginning award value for the award year times 150 success units. For example:
Stock Appreciation Value:
Beginning award value – October 1, 2009 closing AT&T stock price $25.00
Ending award value – September 30, 2010 closing AT&T stock price $30.00
Total Payout – $30 - $25 = $5 x 150 success units = $750.00
- B. For Award Year 2012:
Employees will receive a total payout based on the difference between the ending award value and the beginning award value for the award year times 150 success units plus the dividend rate value. For example:
Stock Appreciation Value:
Beginning award value – October 3, 2011 closing AT&T stock price $25.00
Ending award value – September 28, 2012 closing AT&T stock price $30.00
Payout – $30 - $25 = $5 x 150 success units = $750.00
Dividend Rate Value:
December 31, 2011 dividend $.41
March 31, 2012 dividend $.41
June 30, 2012 dividend $.41
September 30, 2012 dividend $.41
Total Dividend $1.64
Payout - $1.64 x 150 success units = $246.00
Total Payout
$750.00 stock appreciation value + $246.00 dividend rate value = $996.00
Payment of the award will be made as soon as practicable after the award year and will normally occur the payday of the last full pay period in November.
- B. Eligibility
Employees eligible for payments as described above are those regular, temporary and term employees who are on the payroll on both the beginning and ending dates of the award year
2
CWA: _____
AT&T: _____
and who works for a minimum of three (3) months within the award year in a position covered by this Collective Bargaining Agreement. Eligible employees who are on approved leaves of absence or short-term disability absence and meet the other eligibility requirements on the ending date of the award year shall receive a payment, provided they return to duty on or before December 31 of the year in which the payment is made.
- C. Part-Time Employees
Eligible part-time employees will receive prorated payments based on their part-time classification (or "part-time equivalent work week") on the ending date of the award year.
- D. Benefits Treatment
SSP payments will be recognized as eligible compensation under all benefit plans, as applicable.
- E. Taxes, Personal Allotments
Payments are subject to state and local taxes, Federal Income Tax, Social Security Tax, Medicare Tax, and any state disability deductions at the time of payment. Union dues will be deducted. Employees with 401(k) pre-tax elections will not have State or Federal Income Taxes deducted from that portion.
Personal allotments such as United Way contributions will not be made.
- F. Dispute Resolution
Company determination under this plan shall be final and binding. The Union may present grievances relating to matters covered by the SSP, but neither the plan nor its administration shall be subject to arbitration.
3
CWA: _____
AT&T: _____
|
