Issue link: https://pma.uberflip.com/i/1533421
18 2024 ANNUAL REPORT 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 $97,680 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 2024 fiscal year, the healthcare cost per ILWU registrant was $58,770. 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 were extraordinary among a large majority of American workers who contribute to their health coverage. Crawford's findings were 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 $102,771 per active registrant to a high of $112,628 in 2017/2018. Due to strong fiscal management, those costs have declined to a level of $106,730 in 2024. For 2024, the overall benefit costs totaled just over $1.75 billion. Total Benefits Cost 2006/2007 through 2023/2024 $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 23/24 06/07 Billions 22/23 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) An APL container is driven away as cargo is unloaded from the President Reagan.