2002 AGN NOV 05 I11 - Laserfiche WebLink

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SBPEA MOU Amendments October 28, 2002 Page 2 of 2 The Mid -Manager Employees Unit will pay the 4% cost of 2.7% @55 as follows: 1 % on January 1, 2003 Additional 1.5 % on July 1, 2003 Additional 1.5 % on July 1, 2004 The proposed amendment to the Mid -Manager Employees Unit's MOU should keep future salary and benefit increases in line with market conditions and covers the cost of 2.7% @ 55. It is further proposed, to be consistent with recent changes to other MOU's for the City, to slightly increase the biennial vision coverage for both bargaining units by $20 (from $280 current benefit to $300 proposed for employee and from $180 current benefit to $200 for covered dependents). ENVIRONMENTAL IMPACT: This item does not carry environmental impact FINANCIAL IMPACT: There should not be any financial impact to any City fund as a result of implementing the 2.7% @ 55 CalPERS plan for miscellaneous employees, since employees will be paying for the plan in one form or another. However, retirement actuarial assumptions vary over time, and the actual cost of the employer portion may increase or decrease. It is anticipated that any such increase or decrease will become a topic of future labor negotiations. With respect to the Mid -Manager Employees Unit two-year extension and modest salary and benefit increases, those costs will be incorporated into the next two-year budget (2003/04 and 2004/05). CPI has consistently been between one and two percent over the past five years. No significant financial impact is expected as a result of the proposed changes. NXV-110lu10013.11Y1130 Staff recommends that the Members of the City Council approve the proposed resolutions amending the MOU with SBPEA's General Unit and Mid -Manager Employees Unit approving the 2.7% @ 55 benefit change to both and to approve the salary increase, benefit changes and extension of contract for the Mid - Manager Employees Unit. Att (2) REVIEW TEAM ONLY City Attorney: Finance Director: I City Manager: OTHER: