AT&T Mobility, CWA Reach Tentative National Agreement On Benefits
DALLAS, Sept. 13, 2012 /PRNewswire/ — AT&T* announced today that AT&T Mobility has reached a tentative agreement with the Communications Workers of America in benefits negotiations covering all CWA bargained-for Mobility employees nationwide – more than 40,000 employees.
The tentative agreement will be submitted to the CWA’s bargained-for Mobility membership for a ratification vote in coming days. It is focused on benefits, including health care. Wages, pension and work rules for bargained-for Mobility employees are negotiated under separate contracts.
Upon ratification, the proposed new four-year tentative agreement takes effect Jan. 1, 2013, though most health care changes begin on April 1, 2013. The agreement provides modest increases to employee costs over the four year term. Among provisions of the agreement:
- For employees hired on or before Dec. 31, 2012, monthly premiums for individual coverage would be $38 for 2013, $61 for 2014, $69 for 2015 and $82 for 2016. For these same employees, monthly premiums for family coverage would be $81 for 2013, $127 for 2014, $142 for 2015 and $169 for 2016. New hires would pay a higher premium. Deductibles for network care would be $500 for individual coverage and $1,000 for family coverage in each year of the contract.
- Establishment of a new Health Reimbursement Account (HRA) for qualified employees hired on or before Dec. 31, 2012. The company would provide $500 contributions into each of these employee’s HRAs in 2013 and 2014.
- In the third year of the agreement, a Success Sharing Plan tied to AT&T stock would allow employees an opportunity to share in the company’s success.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation’s largest 4G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(®) and AT&T |DIRECTV brands. The company’s suite of IP-based business communications services is one of the most advanced in the world.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATT.
(©) 2012 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE AT&T Inc.