Fiscal Note
This new 3-year labor agreement includes the following wage increases: 2% in December 2011, which will cost about $2,800 in 2011 and result in additional annual costs of approximately $46,000 beginning in 2012; 2% in December 2012, which will cost about $2,800 in 2012 and result in additional annual costs of approximately $46,900 beginning in 2013; and 3% in December 2013, which will cost about $4,300 in 2013 and result in additional annual costs of approximately $71,800 beginning in 2014. This new agreement differs from the current agreement by reducing the December 2011 raise from 3% to 2% (a savings of about $1,400 in 2011 and $24,500 annually) and adding the December 2013 raise. Funds are available in the 2011 budget to cover current year costs.
The agreement also requires the employees to pay a portion of the health insurance premium as detailed in the agreement. The employee portion is 6% beginning in January 2013 and 12% beginning in January 2014. This results in an estimated savings to the City of $26,400 in 2013 and an additional savings of $26,400 in 2014, for a total future estimated annual savings of $52,800.
The agreement also adds a requirement for members to pay one-half of the total Wisconsin Retirement System contribution beginning in January 2012, which results in an annual savings to the City of about $121,000.
Title
Adopting and Confirming the Labor Agreement between the City of Madison and Dane County, Wisconsin Municipal Employees Local 60, AFSCME, AFL-CIO Professional Librarian Unit for the period March 10, 2011 to March 9, 2014.
Body
DRAFTER'S ANALYSIS: This ordinance adopts and confirms the Labor Agreement between the City of Madison and the Dane County, Wisconsin Municipal Employees Local 60, AFSCME, AFL-CIO Professional Librarian Unit from March 10, 2011 to March 9, 2014.
*********************************************************************************** ...
Click here for full text