This article doesn't specify, but based on the previous 25% offer, I'm guessing this new and improved proposal is also structured over four years.
New information to me is that the union initially sought a 40% increase. Kind of silly to think that when 90% of your workers decline an offer - any offer - that adding an extra few percent will get you an agreement.
I wrote this before when the union declined the 25% bump, but it bears repeating:
If Boeing were to pay the 40% the union is looking for upon returning to work, and committed to annual salary increases that were double whatever inflation is moving forward, they would have 32,000 employees that would never strike the rest of their careers.
What commonly goes unsaid in these conversations of insurance cost is the immediate disputes that occur with the provider.
Why am I paying tens of thousands a year to engage in an argument when making a claim?