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11. LONGEVITY PAY: <br />➢ Longevity pay shall be provided as follows: <br />Years of Service Percent of Base Sal <br />After 5 Years 1 % <br />After 10 Years 3% <br />After 15 Years 5% <br />After 20 Years 6% <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 labor market, labor <br />� settlements and consumer price indexing. <br />The City's compensation policy objectives include: <br />Internal Equity - maintaining a compensation and benefit package that is as consistent as <br />possible between the City's four union and two non-union groups. <br />�� External Equity- maintaining compensation and benefits packages that are equivalent to <br />camparable cities for comparable positions. <br />` BUDGET IMPLICATIONS <br />The personnel services funds in the 2015 and proposed 2016 budget will cover the cost of the <br />proposed collective bargaining agreement for 2015 and 2016. Council will need to provide <br />adequate funding for the subsequent year. <br />� STAFF RECOMMENDATION <br />Staff recommends approval of the 2015 -2017 IAFF contract terms. <br />REQUESTED COUNCIL ACTION <br />Motion to approve the proposed terms and conditions of the 2015-2017 collective bargaining <br />agreement with the IAFF and direct City staff to prepare the necessary documents for execution, <br />�� � subject to City Attorney approval. <br />Prepared by: Prepared by: Eldona Bacon, Human Resources Manager (651) 792-7025 <br />Page 3 of 3 <br />