.Fiscal Note
This new 3-year labor agreement includes the following wage increases: 2% in December 2012, which will cost about $400 in 2012 and result in additional annual costs of approximately $6,000 beginning in 2013; and 3% in December 2013, which will cost about $560 in 2013 and result in additional annual costs of approximately $9,300 beginning in 2014. This new agreement differs from the current agreement by adding the December 2013 raise.
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 $4,700.
Title
Adopting and Confirming the Labor Agreement between the City of Madison and the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists, and Allied Crafts of The United States, Its Territories and Canada (IATSE) for the period March 10, 2011 to March 9, 2014.
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DRAFTER'S ANALYSIS: This ordinance adopts and confirms the Labor Agreement between the City of Madison and the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists, and Allied Crafts of The United States, Its Territories and Canada (IATSE) from March 10, 2011 to March 9, 2014.
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