Loading...
HomeMy WebLinkAboutR-01-36 RESOLUTION NO. R-01-36 A RESOLUTION OF THE CITY OF SEBASTIAN, FLORIDA, PERTAINING TO PENSIONS, ESTABLISHING A RETIREMENT PLAN WITH THE CW A/ITU NEGOTIATED PENSION PLAN, PROVIDING FOR AN EXECUTION OF A MEMORANDUM OF UNDERSTANDING WITH THE COMMUNICATIONS WORKERS OF AMERICA UNION LOCAL 3180; PROVIDING FOR REPEAL OF RESOLUTIONS OR PARTS OF RESOLUTIONS IN CONFLICT HEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Sebastian adopted prior resolutions establishing a deferred compensation plan to be administered by the ICMA Retirement Trust; and WHEREAS, the Communications Workers of America Union Local 3180 researched various pension plans and determined that the CW A/ITU Negotiated Pension Plan fits the Union's desires; and WHEREAS, the CW A/ITU Negotiated Pension Plan will replace the deferred compensation plan currently negotiated and agreed to in the most recent Collective Bargaining Agreement dated April 1, 2001 with no change in the contribution percentage; and WHEREAS, the CW A/ITU negotiated Pension Plan is entitled to exemption under the Intema1 Revenue Code; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN, FLORIDA, that: Section 1. ESTABLISH RETIREMENT PLAN WITH THE CW A/ITU NEGOTIATED PENSION PLAN. The City of Sebastian hereby establishes a retirement plan with the CW A/ITU Negotiated Pension Plan ("the Plan") for purposes of providing a retirement plan for the employees subject to the Collective Bargaining Agreement by and between the City of Sebastian and the Communications Workers of America Union Local 3180. Section 2. MEMORANDUM OF UNDERSTANDING. The City hereby authorizes the City Manager to execute the Memorandum of Understanding amending Article 16 - Retirement Contribution of the Collective Bargaining Agreement dated April 1, 2001 by recognizing the CW A/ITU Negotiated Pension Plan as the Pension Plan for those employees subject to this agreement, and that the 9% of gross wages previously applied to a deferred compensation plan will be forthwith contributed to the plan. Section 3. CONFLICT. herewith are hereby repealed. All resolutions or parts of resolutions m conflict Section 4. EFFECTIVE DATE. This resolution shall take effect on April 26, 2001. The foregoing Resolution was moved for ado The motion was seconded by Councilmember vote, the vote was as follows: ion by Councilmember ~~L. ~ ) and, upon being put into a Mayor Walter Barnes Vice-Mayor Ben A. Bishop Councilmember James Hill Councilmember Joe Barczyk Councilmember Edward J. Majcher, Jr. The Mayor thereupon declared this Resolution duly passed and adopted this 25th day of April, 2001. CITY OF SEBASTIAN, FLORIDA By:JUaJJ:lA B~ Walter Barnes, Mayor ATTEST: Approved as to form and legality for the reliance Oft ~ tf~Stian only: Rich tringer, City Attorney . HOME. Of PELICAN JSI.NG) ARTICLE 16 - RETIREMENT CONTRIBUTION This Memorandum of Understanding pertains to the Collective Bargaining Agreement by and between the City of Sebastian and the Communication Workers of America Union Local 3180. It is understood and agreed as to Article 16 as follows: Article 16. Retirement Contribution (a) Effective April 29, 2001, the Employer agrees to contribute to the CW AlITU Negotiated Pension Plan (hereinafter sometimes referred to as the Plan) nine (9%) of a bargaining unit member's annual gross earnings for each employee covered by this Agreement, for purposes of providing pensions on retirement, death benefits, and other related benefits for covered employees of the Employer and other contributing Employers. The Plan is jointly administered by Trustees appointed in equal numbers by the Union and Employers under an Agreement and Declaration of Trust, and has been found by the Internal Revenue Service to be entitled to exemption under the Internal Revenue Code. (b) Contributions shall be paid to the CWAlITU Negotiated Pension Plan, P. O. Box 2380, Colorado Springs, Colorado 80901, no later than the 15th ofthe following month, together with reports on forms to be furnished by the Plan or the employer's printout, if in an acceptable format. During the effective period of this Agreement, this benefit will be paid monthly over a twelve (12) month period which will continue for the life of the Plan. (c) Title to all monies paid into the Plan shall be held exclusively by the Trustees in trust for use in providing the Benefits under the Plan and paying its expenses. (d) The Employer recognizes that in addition to the Union's right to enforce this section, the Union shall have the right in its discretion to take any legal action necessary to collect any contributions or monies due and owing to the Plan and to secure delinquent reports. The Employer further agrees that the Union shall have the right to collect reasonable attorneys' fees and expenses incurred in connection therewith. The Employer shall supply to the shop steward (chapel chairman) the union representative's copy of the Negotiated Pension Plan employer report forms or a copy ofthe Employer's printout forms on a quarterly basis. ElilPbility: A. Only regular full-time bargaining unit members are eligible for inclusion in the CW AlITU Negotiated Pension Plan. B. New regular full-time employees are eligible for entry into this Plan as of the fIrst day of the next full pay period following sixty (60) days from their date of hire. 1 Dated this 26th day of April 2001. Stephen DiTrapano, Vice President Mark Veidt, Union Representative ATTEST: Sally Maio City Clerk Terrence Moore, City Manager Rich Samolewicz, Director of Human Resources APPROVED AS TO FORM: Rich Stringer City Attorney 2