Binding arbitration between the BMWED-IBT and SMART-Mechanical bargaining coalition and the National Carriers' Conference Committee (NCCC) have concluded. Yesterday and today, our bargaining committee, led by President Simpson and lead negotiators Brothers Don Griffin and Peter Kennedy, made our case in front of neutral arbitrator Gil Vernon.
Most notably, the 357 Plan would save the National Health & Welfare Plan as much as $140 million annually. Those savings would not come out of the membership's pockets.
We made our case, the Class 1 railroads made theirs, and now we will wait for the neutral to render a decision. We expect that to take a few weeks, with a final decision potentially by the end of May. Please check back here for updates as they occur.