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�. City will adjust the unit's COLA to bring them to the average. This adjustment <br />., will be based solely on 2015 contracted COLA's for the market comparables and <br />, no other wage increases or adjustments. <br />. 3. INSURANCE: <br />. ➢ Same as City Council has provided to all other City staff. <br />, 4. HOLIDAYS: <br />. Add 26.4: <br />�: 26.4 All employees who are required to work on a named or observed holiday <br />� listed above shall be compensated at the rate of one and one-half (1 1/2) <br />-.� times their base rate for any hours warked in addition to receiving the <br />�n eight (8) hours of holiday pay. Employees required to wark and warking <br />�� on the above 26.1 designated holidays of Thanksgiving Day, Christmas <br />�. Eve, or Christmas Day will receive an additional (1/2) times their pay for <br />all hours worked. <br />5. STANDBY PAY: <br />� ➢ Increase standby pay $6 per week in 2014 to bring it to the market average of <br />. $291 per week prorated and by $6 per week in 2015 to bring it to the market <br />�. average of $297 per week prorated. <br />� <br />. POLICY OBJECTIVE <br />� Each year the City budgets wage and benefit adjustments for all employees. The adjustments <br />.� stem from the best information known or anticipated from the metro labar market, labor <br />. settlements and consumer price indexing. <br />� The City's compensation policy objectives include: <br />E Internal Equiry - maintaining a compensation and benefit package that is as consistent as <br />F, possible between the City's three union and two non-union groups. <br />F <br />E�� External Equity- maintaining compensation and benefits packages that are equivalent to <br />c comparable cities for comparable positions. <br />� <br />r BUDGET IMPLICATIONS <br />c The personnel services funds in the 2014 budget will cover the cost of the proposed collective <br />r: bargaining agreement for 2014. Council will need to provide adequate funding for the <br />subsequent year. <br />STAFF RECOMMENDATION <br />Staff recommends approval of the 2014 -2015 49er contract terms. <br />Page 2 of 3 <br />