Attachment 5 - CBA.pdf

This is a Collective Bargaining Agreement (CBA) between Goldbelt C6, LLC and the International Association of Machinists & Aerospace Workers District Lodge 2020 Zone 74, Local Lodge 2203 at Elizabeth City Coast Guard Base in North Carolina, effective from 9/25/2024 through 9/25/2027.

The agreement covers CNC Programmer/Machinists and Drafter/CAD Operators, with current hourly rates of $37.99 and $32.59 respectively, increasing 8% annually through 2027. Key provisions include an 8-hour normal work shift with 30-minute meal period, overtime at 1.5x base rate for hours over 40, eleven paid holidays, vacation accrual ranging from 80-160 hours based on years of service, and a 75%/25% company/employee split for health insurance costs. The company provides life insurance at 1.5x annual salary, short-term disability at 66.7% of weekly earnings, and a 401(k) with company match of $1.00 on the dollar up to 3% plus $0.50 on the dollar for the next 3%. The agreement includes standard provisions for grievance procedures, seniority rights, union membership requirements, and prohibits strikes or lockouts during the term.