Issue link: https://pma.uberflip.com/i/1517839
World-Class Benefits and Wages for ILWU Members The ILWU benefits package includes: g Comprehensive healthcare coverage with no premiums for both actives and retirees: 100% in- network medical coverage, prescription drug coverage with a $1 copay, vision, dental, alcohol and substance use disorder treatment and life insurance; g A pension plan up to $95,460 annually and a 401(k) savings plan with employer contributions; g Disability benefits covering up to $1,250 per week for up to 52 weeks; g Up to 6 weeks paid vacation per year; g 16 holidays (including 14 paid holidays) per year; and g Guaranteed pay for up to 40 hours of work per week. Healthcare Benefits The healthcare plan – the ILWU-PMA Welfare Plan – is among the most generous in America. In the 2023 fiscal year, the healthcare cost per ILWU registrant was $53,276. In July 2022, David L. Crawford, PhD, evaluated ILWU healthcare benefits, concluding that these benefits "… are substantially more generous than the average benefits provided to all groups of workers reported by the U.S. Bureau of Labor Statistics." His study also found that the ILWU healthcare benefits are extraordinary among a large majority of American workers who contribute to their health coverage. Crawford's findings are consistent with a survey of collectively-bargained health plans conducted by the nonpartisan research organization NORC at the University of Chicago. That survey found that the average monthly premium paid by workers covered by collectively bargained health plans was $658 for single coverage, and $1,632 for family coverage. Stabilizing Overall Benefit Costs Over the past decade, benefit costs have increased from approximately $95,000 per active registrant to a high of $113,604 in 2017/2018. Due to strong fiscal management, those costs have declined to a level of $99,474 in 2023. For 2023, the overall benefit costs totaled nearly $1.7 billion. Total Benefits Cost 2005/2006 through 2022/2023 $0 $0.4 $0.8 $1.6 $1.2 14/15 12/13 13/14 15/16 16/17 09/10 10/11 11/12 17/18 18/19 19/20 20/21 21/22 07/08 08/09 05/06 06/07 Billions 22/23 A dramatic view of Mount Rainier behind cranes at Husky Terminal in the Port of Tacoma. COVID-19 Sick Leave 401(k) Plans Marine Clerk Work Opportunity CFS Fund Industry Travel Pay Guarantee Plan Holiday Cost and Taxes Vacation (Including Employer Taxes) Pension (Scheduled Cost) Welfare Plan (Cost + Expenses) 18 2023 ANNUAL REPORT