would consist of three parts: (1) a welfare and retirement fund to be financed by five-cent payments onNational Bituminous Coal Wage Agreement • August 17th, 2016
Contract Type FiledAugust 17th, 2016each ton of coal produced by mine operators for use or sale; (2) a medical and hospital fund that would be financed by wage deductions that were already being made and by any additional deductions authorized by the UMWA and its members for medical, hospital, and related purposes; and (3) an effort by the trustees of both funds to cooperate and coordinate in the development of policies and working agreements necessary for the effective operation of each fund.7 Notably, the agreement did not provide for federal financial contributions to either the welfare and retirement fund or the medical and hospital fund.8