

2020-2026 Propose Contract Amendment Video Presentation by Matt Kempf, CFP®

Senior Director of Compensation and Retirement Summary of offers Contract redlines

(proposed changes marked in red)

Prof Unit Tech Unit Contract offers (no redlines) Prof Unit Tech Unit Contract Offer Overview

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click here Emails sent into the workplace Interested in paid family and medical leave benefits Interested in raise minimums Interested-in-retirement-benefits Interested-in-veterans-benefits Summary of Proposed Changes Sick Leave & Family Illness





Upon Ratification: Washington State Paid Family and Medical Leave Program







Participation in future state legislation in California, Oregon, and/or Utah





Compensation - Updated Feb. 17, 2020

Wage

Increase

Pool Promo &

OOS Funds* Total Additional

Lump Sum

Award Prof Tech Prof Tech Prof Tech Prof Tech 2020 3.0% 3.0% 0.5% 0.5% 3.5% 3.5% 2.0% 2.0% 2021 3.0% 3.0% 0.5% 0.5% 3.5% 3.5% 2.0% 2.0% 2022 3.0% 3.0% 0.5% 0.5% 3.5% 3.5% 1.5% 1.5% 2023 3.0% 2.0% 1.5% 1.5% 4.5% 3.5% 0.0% 1.0% 2024 3.0% 2.0% 1.5% 1.5% 4.5% 3.5% 0.0% 1.0% 2025 3.0% 2.0% 1.5% 1.5% 4.5% 3.5% 0.0% 1.0% 2026 3.0% 2.0% 1.5% 1.5% 4.5% 3.5% 0.0% 1.0% * If not spent, rolls into next year's Wage Increase Pool 2021-2022 Min 2% Prof, 2.5% Tech - Min Satisfied by Lump Award first 2020, 2023-2026 Min 2% Prof & Tech Minimum Salary Increase Voluntary Investment Plan







Increased maximum employee contribution from 30% to 50%







Group Benefits – Attachment A







No change in benefits. No change in healthcare premium contributions until 2023.





Effective 1/1/2023, eligible new retirees will pay no less than Pay Band 1





Percent of Health Plan Total Monthly Cost

(not a percentage of your salary) Advantage+ Health Plan Traditional Medical Plan All Other Plans Current through 2022 (no change) 0% 5%* 12% Effective Jan. 2023 Pay Band 1: $100,000 or less 0% 6% 12% Pay Band 2: $100,000.01 to $200,000 6% 9% 15% Pay Band 3: $200,000.01 or more 9% 12% 18%

* Example: For Calendar year 2020, a single person pays $31.78 per month for the Traditional Medical Plan. This is 5% of the total Traditional Medical Plan monthly cost of $635.60. A single and spouse or child pays 2x, or $63.56 per month. A family of three or more pays 3x, or $95.34 per month.

Ed Wells







Continued Funding Increases, additional $250k of special targeted funds







Employee Incentive Plan







Short Term Incentive - 30% increase, from 10-day target (3.84%) to 5% target







SPEEA Professional Unit Classifications







Addition of Data Scientist Job Code







Parental Leave







Effective June 1, 2020: 12 weeks Boeing paid Parental Leave – 12-month lookback







Student Debt Assistance Related Tools and Benefits







Included in potential future non-union student debt assistance benefits



Articles and LOUs with Material Modifications Article 6 Sick Leave, Bereavement & Family Illness Minor Enhancement Article 11 Rates of Pay and Work Schedules Major Enhancement Article 15 Voluntary Investment Plan Very Minor Enhancement Article 16 Group Benefits Contribution Increases in 2023 Article 20 Ed Wells Partnership Minor Enhancement LOU 20 Employee Incentive Plan Major Enhancement Prof: Appendix B SPEEA Professional Unit Classifications Minor Enhancement LOU XX Paid Parental Leave Major Enhancement Side Letter Student Debt Assistance Potential Future Enhancement Articles and LOUs with Immaterial or No Changes Article 1 Recognition No Change Article 2 Rights of Management No Change Article 3 Grievance Procedure and Arbitration No Change Article 4 Performance Management No Change Article 5 Vacation Plan No Change Article 7 Holidays Updated Dates Article 8 Workforce Administration Name Changes Article 9 Non-Boeing Labor No Change Article 10 Joint Meetings No Change Article 12 Union Officials No Change Article 13 Union Security No Change Article 14 Strikes and Lockouts No Change Article 17 Retirement Plan No Change Article 18 Non-Discrimination No Change Article 19 Separability No Change Article 21 Layoff Benefits No Change Article 22 Job Classifications No Change Article 23 Duration Updated Dates LOUs 1 – 19 Various Letters of Understanding No Change LOUs 21 – 29 Various Letters of Understanding No Change Appendix A Holiday Schedule Updated Dates Attachment A Heath and Insurance Plans Immaterial Changes Attachment B Retiree Medical Plan Immaterial Changes



