Monday, January 18, 2010, is Martin Luther KIng Day, a holiday (for US based employees) under the IAPE-Dow Jones contract.
If you have to work (and you're a US-based employee) you receive time and a half for your regular schedule, double-time for anything beyond your regular schedule AND another day off or another day's straight pay. Filing instructions are on the IAPE website.
The contract reads:
ARTICLE VIII - A - HOLIDAYS
A. Regular Holidays.
1. The following shall be considered holidays: New Year's Day, Martin Luther King, Jr. Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas, or the days celebrated by the United States federal government as such.
2. When an Employee is required to work on any of the above-mentioned holidays, he or she shall be paid at the rate of 1 1/2 times the regular straight time rate for his or her regularly assigned daily hours and at double the regular straight time for hours worked in excess of that time. Also,
he or she shall be given another day off or an additional day's pay at straight time rates, at the discretion of the Company. In no event will the Company assign to any Employee as such an additional holiday a day
which falls on either Saturday or Sunday, unless the Employee is regularly scheduled to work Saturday or Sunday.