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Labor Contracts <br /> The status of labor contracts in City is as follows: <br /> No. of Expiration Date <br /> Bargaining Unit Employees of Current Contract <br /> LELS, Local 231 (Police) 23 December 31, 2015 <br /> LELS, Local 271 (Police Sergeants) 5 December 31, 2015 <br /> Subtotal 28 <br /> Non-unionized employees 117 <br /> Total employees 145 <br /> Employee Pensions <br /> All full-time employees and certain part-time employees of the City are covered by defined <br /> benefit pension plans administered by the Public Employees Retirement Association of <br /> Minnesota (PERA). PERA administers the General Employees Retirement Fund (GERF) and <br /> the Public Employees Police and Fire Fund (PEPFF),which are cost-sharing multiple-employer <br /> retirement plans. GERF members belong to either the Coordinated Plan or the Basic Plan. <br /> Coordinated members are covered by Social Security and Basic members are not. All new <br /> members must participate in the Coordinated Plan. All police officers, fire fighters and peace <br /> officers who qualify for membership by statute are covered by PEPFF. <br /> The City's contributions to GERF and PEPFF are equal to the contractually required <br /> contributions for each year as set by State Statute, and are as follows for the past five years: <br /> GERF PEPFF <br /> 2012 $553,395 $369,421 <br /> 2011 528,696 355,670 <br /> 2010 501,726 357,977 <br /> 2009 496,994 340,677 <br /> 2008 496,832 317,807 <br /> Three Council members of the City are covered by the Public Employees Defined Contribution <br /> Plan (PEDCP), a multiple-employer deferred compensation plan administered by PERA. The <br /> PEDCP is a tax-qualified plan under Section 401(a) of the Internal Revenue Code and all <br /> contributions by or on behalf of employees are tax deferred until the time of withdrawal. Plan <br /> benefits depend solely on the amounts contributed to the plan plus investment earnings less <br /> administrative expenses. An eligible elected official who chooses to participate in the plan <br /> contributes 5% of their salary, which is matched by the elected official's employer. For salaried <br /> employees, employer contributions are determined by the employer and must be a fixed <br /> percentage of salary. Employees who are paid for their services may elect to make member <br /> contributions in an amount not to exceed the employer share. PERA receives 2% of employer <br /> contributions and 0.025% of the assets in each member's account annually for administering the <br /> plan. <br /> - 30 - <br /> 111 <br />