GOV. LINCOLN D. CHAFEE on Thursday announced that the state has reached an agreement with Council 94 and the Coalition of Unions on a new four-year contract that includes a 6 percent cumulative salary increase between July 2013 and October 2015. In exchange, the unions agreed to health insurance deductibles and medical copays.
PROVIDENCE – Rhode Island officials have reached an agreement with most of the state’s public employee unions on a new four-year contract, Gov. Lincoln D. Chafee announced Thursday.
The tentative deal with Council 94 and the Coalition of Unions is retroactive to July 2013 and would result in a cumulative 6 percent salary increase between that time and Oct. 4, 2015. Council 94 and the Coalition of Unions represent all union state employees except correctional officers and state police.
In exchange for the raises, the unions agreed for the first time to health insurance deductibles – $250 for individuals and $500 for families – and medical copays. They also agreed to unspecified mid-term personnel reforms.
The deal now moves to the individual unions for ratification.
“It is anticipated that these changes will result in substantial medical cost-containment savings over time for the state, which is self-insured,” a news release announcing the agreement said. “In addition, the unions have agreed to allow the state to institute optional innovative health plans.”
The deal includes a retroactive 2 percent raise effective immediately, another 2 percent increase starting Oct. 5 and final 2 percent increase starting Oct. 4, 2015.
State employees last received raises in July 2011.
The news release did not include an estimate of the cost of the new deal to the state budget.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.