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EGty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.6 <br /> Agenda Section Meeting Date Prepared by <br /> Consent October 3, 2016 Cal Portner, City Administrator <br /> Item Description Reviewed by <br /> Central Pension Fund Participating Agreement Lauren Wipper, HR Representative <br /> Reviewed by <br /> Action Requested <br /> Approve,by motion, the Central Pension Fund of the IUOE and Participating Employers Participating <br /> Agreement. <br /> Background/Discussion <br /> The city and the International Union of Operating Engineers have agreed to a labor agreement with <br /> Local 49 as the sole representative. <br /> Article 30 of the labor agreement stipulates participation in the IUOE Central Pension Fund. The fund <br /> requires employer contributions on behalf of the employees. The union agreed to a wage deduction to <br /> account for the employer's share of the contribution. <br /> The contract language indemnifies the city,its officers, agents, and employees from any claims, suits, <br /> orders, or judgments. It also states that contributions from the city will not be funded from any other <br /> source other than the wage reduction. In the event the pension fund requires additional contributions to <br /> maintain solvency, the employees agree to further reductions from their wages. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Participating agreement <br /> POWERED 6T <br /> AR <br />