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Macy - department store union.

Macy-Department Store Union

More than 5,000 department store employees in the New York City area were covered by an agreement negotiated by R. H. Macy, Inc. and the Retail, Wholesale and Department Store Union. The 5-year accord covered both sales and nonsales workers. It provided for wage increases totaling $83 a week: $20 retroactive to March 2, 1989, followed by increases of $16, $15, $15, and $17, in March of 1990, 1991, 1992, and 1993, respectively,

Benefit changes include a $70 a month increase in the $400 maximum pension (for retirement at age 65 or later after at least 40 years of service), with proportional benefits for less service; expansion of the dental plan to dependent children; and a change in the maintenance drug program permitting employees to participate after 1 year of service, rather than after 10 years. The progrm allows participants to receive a 180-day supply of drugs at no cost if the prescription is for generic drugs, or at $5 for brand name drugs.
COPYRIGHT 1989 U.S. Bureau of Labor Statistics
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1989 Gale, Cengage Learning. All rights reserved.

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Title Annotation:developments in industrial relations
Author:Ruben, George
Publication:Monthly Labor Review
Date:Jul 1, 1989
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