4C, Public Works Union Contract - Laserfiche WebLink

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ART�CLE XXIX — CENTRA�. PENSION FUND T#�e EMPLQYER and tt�e UN(ON agree tlzat an arr�o�nt designated hereir� thai would otherwise be paid i�€ salary or wages witl be co�tribut�:d ins#ead to tite Cenfrat Pensior� Fund {CPF) as pre- tax employer contri��tio�s_ A pensior� confibuf�o� of �inety-six cents {$0_96j per Y�c�uc witl be �ade fo� each em�loyee, for a maximum of two thousar�d eighty i�ours {2080) per calendar year. The hour�y contribution rate wi�l 6e applied to e�ery �our compensated (ie_ Ho�rs warked, PTO, and holidays) except for ove�time honrs worked_ T�e EMPLOYER s�alt deduct seventy- six dotEars and eighty c�n#s ($76_8Q) every eight [80) hour pay g�riod_ The EMPLOYER shal! pay #�is canfibution direct�y ta the IUOE Central Pension Fund_ T�e UN�ON agr�es to inc�er�nify and hold the EMPLOYER, its O�cer$, Agents, ar�d emptayees harmfess agair�sE any dairns, s�its, orders or judgrr�ents, broughi agai�st th� EMPLOYER as a r�suti af any adion taken ar not taken by the EMPLOYER on the speeif�c pro�isions of ihis Articie. TF�is "hold harmless" clac�se does not hald the ENiPLQYER harmless �or failing to iransfer the agre�d cont�ibutions #o #�e IUOE C��tral Pensio� Fur�. It is agreed that far p��ses of determining ��#ure wage rates, the EMPLOYER s�alt �irsi res€ore the arnou�t of €hc wage red�ction, wf�ich is c�rrer�tly the CPF contrib�tior� rate o€ $0_96 per hour, ihen apply the applica�le wage rr�ultiplier, ihen reduce tt�e revisec� wage by the GPF con�ribut�on rate_ lt is fur#her agreed that for p€�rpc�ses of ealculati�g ave�time compensation the EMP�OYER s�af! frrst resiare the amount of ihe wage redueiion ($0_9S/ hr_) t�en apply the app�icable 1_5 or 20 wage rrtultiplier required under i�e Fair Labor Siandards Aef and the cotleeiive bargaini�g agreement, then pay i�e resu[ting amount �or o�ertirr�e worked_ The caninbutian of $0_9fi per �our prev�n#s an employee's annual CPF coniributions from exceeding $2,QOQ0� in a year and t�erefare eomplies wi�h timiiations set forfh und�r Minnesota Staiute § 35824, sub. 1(9) as amended in 2002 The CPF Plan of Benefi#s ar�d the Agreement anci Decla�ation of Trust wilf serve as the goveming documenEs_ T�e CP� is a s��pierr�entai Pensiort Fund autharized by Mi�nesota Staf�t�s, 356.24, subd�visiQr� �(9�_ ARTiC�.E XXX — QURAT�ON Th�s AGREEMENT s[�al( be effective as of the date oi ifs sigrsing and sha!! rernair� in t�sif torce and effect Ja�uary 1, 20Q8 through December 31, 2D��_ It si�alt cor�tinue ir� fuit force and effect frar� year-to-year, unless terminateci or renegotiated in i#�e manner prov�ded by lhe Public Emp#ayme�t Labor Relaiio�s Act oi �97t, as amended. iN WITNESS WHEREQF, the parties hereto have exec�ted this AGREEMENT on this I �ay of �ccyi�c. c`'i . 2008 i �--. .... C1TY O D N HIL 5 B Ma� r By � t � Acting Ci Admi�€str tor INTERNATlONAL U !ON OF OPERATiNG ENGINEERS, LO AL NQ. By Busine Managerl�inancial Secr�tary By � Area Busi s R s "ve �y --- u��an sc�Wa�a 13