Aerospace Professional Staff Association

14% Out-of-Cycle Merit Raise: 

• The company and APSA agreed to an out-of-cycle merit increase from 3.0% to 3.5% (3.0% merit + 0.5% merit cash, up from 2.5% merit + 0.5% cash). 

Earlier Merit Raise Payout: 

• Merit raises will now go into effect during the first full pay period in January 2027 rather than mid-Q2. 

RTO and Remote Relocation [Still being finalized]: 

• Relocation assistance now available for MTS hired as “Remote” and asked to return to office; severance pay available to those declining to return to office; Telework agreements remain an option for MTS. 

37% Higher Pay Raise: 

• • Secured a 3.7% increase for 2025, up from the proposed 2.7%, adding $1,000 per $100,000 salary for non-supervisory MTS.  

Increased 401(k) Catch-up: 

• • Raised 401(k) catch-up contribution limit to $10K for participants ages 60-63 starting January 1, 2025.  

401(k) Match for Student Loan Payments: 

• • Aerospace will match employee student loan payments as 401(k) contributions, per the Secure 2.0 Act. This benefit is particularly valuable for recent graduates with moderate incomes (averaging $58,000) and high debt levels (averaging $33,000 for federal borrowers aged 25 to 35).  

Roth 401(k) Option: 

• • Employees will have the option to receive Company 401(k) contributions (basic and matching) in their Roth 401(k), not just a Traditional 401(k).  

37% Higher Pay Raise: 

• • Secured a 3.7% increase for 2024, up from the proposed 2.7%, adding $1,000 per $100,000 salary for non-supervisory MTS.  

Doubled Comp Time Accrual Limit: 

• • For FY24 and FY25, the limit will rise to 40 hours per week for full-time MTS and 20 hours for part-time MTS, enhancing work-life balance for employees.  

Doubled Military Leave Pay: 

• • Increased supplemental pay from 15 days to 30 days. The increase, while initially rejected by the Corporation, supports our troops and customers and helps Aerospace attract and retain top talent also serving in the military.  

Protection from Bullying: 

• • The Corporation added Anti-Bullying language to its policy on Prohibition Against Harassment and Retaliation.  

Wage Protections in New Job Framework: Aerospace replaced its 3-tiered MTS grade structure with a 7-tiered structure. APSA negotiated various improvements:  

• • Maximum of the salary ranges is 3% higher than the Corporation’s initial proposal  

  • MTS whose salary are above the new maximums will not be reduced 

  • The company will not decrease the new negotiated salary ranges or midpoints during the term of the contract