Arbitration Last Best Offers CONFIDENTIAL LOCAL 1081 Arbitration Last Best Offers CONFIDENTIAL

Issue: Duration TOWN — 2022 — 6 year contract UNION — 2026 — 10 year contract

Issue: Carve Out Plan TOWN — Removal of specific Anthem BC/BS plan — generic and of the Town’s choosing UNION — Current Contract Language “the Town’s Anthem Blue Cross/Blue Shield Century Preferred Medicare Carve-Out Plan”

Issue: Final Average Compensation TOWN — 36 months Union — Current Language — 12 months New Hires — 12 months but compensation earned the 35th year

Issue: DC Plan for New Hires (Town proposal) TOWN — “Each new Employee hired before the date of issuance of the award in Case No. 2017- MBA-1, shall become a Participant on his date of employment. Each Employee who was a Participant in the Plan as in effect prior to the Effective Date shall continue to participate in this Plan.

Issue: DC Plan for New Hires (Town proposal) CONTINUED TOWN — DB Plan: 1.5% multiplier, actuarily reduced pension for survivor continuation, no COLA, NRD 55 Medical: Single Coverage, 40% actual DC Plan: 50% match up to 3% of base

Issue: DC Plan for New Hires (Town proposal) CONTINUED UNION — Any new employee, in addition to DB Plan: mandatory 3% contribution, town match up to 7%

Issue: Employee Contribution Town: 10.5% (retro), 11% (2017), 11.5% (2018), 12% (2019) Union: 10%

Issue: Normal Retirement Date (NRD) TOWN — 20+ years as of “date of issuance”: 49 everyone else: 55 UNION — 20+ years as of 7/1/16: 49 everyone else: 52

Issue: Maximum Benefit TOWN: 75% (for all) UNION: All hired prior to 7/1/2017: 81.25% New hires post 7/1/2017: 75% New hires post 7/1/2017: Monthly pension for life MULTIPLIER: years 1-25 2%; years 26-35 2.5%

Issue: Continuation of Benefit TOWN: 20+ years as of “the date of issuance”: Current contract language Everyone else: “annuity, actuarially reduced in amount” UNION: 20+ years as of 7/1/16: current contract language less than 20 years as of 7/1/16: 75% survivor continuation (NRD 52)

Issue: COLA TOWN — for all “retiring on or after the effective date of the award”: COLA tied to CPI, lesser of 0 and 2.75% UNION — 20+ as of 7/1/16: current contract language everyone else: 1.5%, age 60 .5%, age 65 CPI max at 2%

Issue: Health Insurance TOWN — 20+ as of “date of issuance”: CCL Everyone else: 40% of actual cost year to year; single coverage only UNION — 20+ as of 7/1/16: CCL Current: 40%, annual increase with CPI, 2% max ceiling New: 25% of actual cost, year to year

Issue: Health Insurance for Survivors (LODD) TOWN — proposes to strike any language that allows spouses and children to continue medical coverage if we were to perish in a LODD

Issue: Disability Certification TOWN — 2 certifying physicians UNION — CCL (3 physicians)

Issue: Disability — Surviving Spouse TOWN — no continuation of benefits UNION — CCL

QUESTIONS?