1. Arbitration Last Best Offers CONFIDENTIAL
LOCAL 1081
Arbitration Last Best Offers
CONFIDENTIAL

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

3. 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”

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

5. Issue: DC Plan for New Hires (Town proposal)
TOWN — “Each new Employee hired before the date of issuance of the award in Case No 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.

6. 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

7. 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%

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

9. 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

10. 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 %;
years %

11. 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)

12. 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%

13. 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

14. 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

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

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

17. QUESTIONS?