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<br />Agreement with POA, SAMA, and SEIU Cont'd. <br />November 20, 2006 <br />Page 2 of 2 <br /> <br />BENEFIT <br />Dental <br />Premium <br />Contributions <br /> <br />POA <br />January 1, 2010: $10/ <br />month lncrease per <br />employee during term <br />of agreement <br />Fiscal Year 2008-09: <br />Increase of .25% of <br />annual bargaining unit <br />payroll, including <br />premiums (excluding <br />overtime) during term <br />of agreement <br /> <br />Retiree <br />Health <br />Subsidy <br /> <br />CalPERS <br />Retirement <br />Formula <br /> <br />Union/Association <br />Contribution: <br />July 1, 2007 = <br />July 1, 2008 = <br />2.0% (total of <br />July 1, 2009 = <br />2.3% (total of <br /> <br />2.0% <br />Add' 1 <br />4% ) <br />Add' 1 <br />6.3%) <br /> <br />Amend CalPERS contract <br />for new retirement <br />formula, effective <br />January 1, 2009 <br /> <br />FISCAL IMPACT <br /> <br />SAMA <br />January 1, 2009: $10/ <br />month increase per <br />employee during term <br />of agreement <br />Fiscal Year 2008-09: <br />Increase of .40% of <br />annual bargaining unit <br />payroll, including <br />premiums (excluding <br />overtime); <br />Fiscal Year 2009-10: <br />Increase of .35% of <br />annual bargaining unit <br />payroll, including <br />premiums (excluding <br />overtime) <br />Same as POA <br /> <br />SEIU <br />Same as SAMA <br /> <br />Same as SAMA <br /> <br />Same as POA <br /> <br />Funds are available in the affected departmental accounts: Salary <br />account (Object Code 6111) and Benefits account (Object code 6171) <br />Estimated total cost for the first year of the Agreement is $184,680. <br /> <br />v~~.~ <br /> <br />\~nrique J. Alva <br />'\ Executive Director <br />Personnel Services Department <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br />.}: ~t.}.l:>.t.0 \\.,~~~ <br />FranC1SCO Gutlerrez <br />Executive Director <br />Finance & Management Services Agency <br /> <br />25J-2 <br />