ARTICLE III ‑ THIRD WAGE INCREASE

(a) Effective January 1, 1969, all standard basic daily and mileage rates of pay in effect on December 31, 1968 shall be increased by 2.0 percent. The local freight differential shall be maintained.

(b) Effective January 1, 1969, the increase in rates of pay provided for in Paragraph (a) of this Article will result in the following standard basic daily and mileage rates of pay.

Standard Basic Rates of Pay ‑ As of January 1, 1969:

                                                         Daily Rate  

Yard Conductors (Foremen)           $30.58
Yard Brakemen (Helpers)                28.41
Switchtenders                                    26.12

(c) Where agreements now provide for additional payment for Yard conductors (foremen) acting as footboard yardmasters such payment shall not be less than two‑thirds of one hour's pay in excess of the yard conductors' foremen's daily rate.

(d) Effective January 1, 1969, the daily rates for car retarder operators in effect December 31, 1968, however expressed shall be increased by 2.0 percent.