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Coal contract comparison shows wage and pension shifts
Past and proposed pacts outline wage scales from 7.80 to 10.20 per hour with shift differentials. New pensions guarantee for the first time, with specific monthly caps for retirees, and retroactive death benefits. Old contracts featured variable pensions, no guarantees, health care changes, and defined benefits and deducibles. The agreement adds a $5 million fund for lost benefits and penalties for wildcat strikes, plus a Christmas shutdown and vacation provisions.
MENTIONED IN THIS ARTICLE
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Key New