"January 1, 2005, strike benefits shall be in the amount of $150.00 per week.
Whenever the balance in the Strike Fund exceeds $150,000,000, strike benefits shall increase to $175 per week. Whenever the balance in the Strike Fund exceeds $175,000,000, strike benefits shall increase to $200 per week. Thereafter, each increase of $25,000,000 in the Strike Fund balance shall increase strike benefits by $25.00 per week in the manner described above. Any decrease in the Strike Fund balance shall result in a decrease in benefits to the previous level, but not below $150.00 per week."
$200/week, plus $825/week. I get that number assuming a balance of $1B, subtracting out the $175M, dividing by $25M (to represent each $25M increment) and multiplying by $25 for the increase. Assuming 7000 members that's a bit over $7M a week in payouts. which I believe is a loss of $50/week every seven weeks or so. I suck at math but am OK at logic, so take your chances with these numbers, but I think they're right. That also assumes EXACTLY $1B and does NOT factor in fro interest. At 6% that's $60M annually in interest, but I have no idea what kind of interest the fund would get.
