File #: CONS 16-688   
Section: Consent Status: Agenda Ready
Meeting Body: City Council
Agenda Date: 11/15/2016 Final action:
Subject: Adoption of a Resolution to Amend the Side Letter Agreement between the City of Hayward and the International Federation of Professional and Technical Engineers (“Local 21”) to Eliminate the $125 Contribution Rate to the Voluntary Employee Beneficiary Association (“VEBA”) Plan
Attachments: 1. Attachment I Staff Report, 2. Attachment II Resolution, 3. Attachment III Side Letter Agreement

DATE:      November 15, 2016

 

TO:           Mayor and City Council

 

FROM:     Director of Human Resources

 

SUBJECT                     

 

Adoption of a Resolution to Amend the Side Letter Agreement between the City of Hayward and the International Federation of Professional and Technical Engineers (“Local 21”) to Eliminate the $125 Contribution Rate to the Voluntary Employee Beneficiary Association (“VEBA”) Plan                                                             


RECOMMENDATION

 

That the City Council adopts the attached resolution (Attachment II) authorizing an amended side letter agreement between the City of Hayward and Local 21 to eliminate the $125 employee contribution rate per pay period to the VEBA plan for employees who are within two (2) years of normal retirement age.

 

ATTACHMENTS

Attachment I                                          Staff Report

Attachment II                                          Resolution

Attachment III                     Side Letter Agreement between the City of Hayward and IFPTE