Resorts World Contract Summary: 1. Duration & No Loss
The term of the contract is 5 years -- from October 18, 2012 through October 17, 2017. During this time, all of the wages, wage increases, and benefits set forth in the agreement are guaranteed.
NO LOSS OF WAGES OR BENEFITS
This provision guarantees that if any employee currently receives higher wages or better benefits than those set forth in this contract, management cannot reduce or take them away. In other words, the contract can only make things better, not worse – and, in the unlikely event that any worker currently enjoys something better than the contract provides, he or she can keep it.