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2007-135 - Between The Town Of Los Gatos And TEA For The Period November 1, 2008 Through October 31, 2010 And AuthorizeRESOLUTION 2007-135 RESOLUTION APPROVING AN EXTENSION OF THE MEMORANDUM OF UNDERSTANDING BETWEEN THE TOWN OF LOS GATOS AND TEA FOR THE PERIOD NOVEMBER 1, 2008 THROUGH OCTOBER 31, 2010 AND AUTHORIZE THE INTERIM TOWN MANAGER TO EXECUTE THE SIDE LETTER AGREEMENT TO EXTEND THE MEMORANDUM OF UNDERSTANDING WHEREAS, representatives of the Town and the Town Employees' Association (TEA), in accordance with the Town's Employer-Employee Relations Resolution No. 1.974-41, have met and conferred in good faith within the scope of representation; and WHEREAS, the Town and TEA have agreed to extend the existing MOU for the period November 1, 2008 through October 31, 2010, with 3% wage increases in each year of the extension, effective on November 1, 2008 and November 1, 2009; WHEREAS, the Town and TEA have agreed to exercise a restructure of the retirement benefit with the California Public Employees' Retirement System (Ca1PERS) to change'the vesting schedule for retiree medical from five to fifteen years and to change the retirement formula from 2% at 55 to 2.5% at 55 once all statutory requirements for implementing the restructure are met; WHEREAS, to implement the retirement restructure, the 3% wage increase for 2008 will be eliminated and employees will be required to pay the increase in the employee rate on an ongoing basis; WHEREAS., the agreement reached with TEA to extend the existing MOU was ratified by a vote of the union membership and is subject to adoption by Council; RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California, that the Town of Los Gatos approves the extension of the Memorandum of Understanding between the Town and TEA for the period November 1, 2008 through October 31, 2010 and the Interim Town Manager is hereby authorized on behalf of the Town to execute a sideletter agreement that include the provisions stated in the recitals above. PASSED AND .ADOPTED at a regular meeting of the Town Council held on the 17`'' of December 2007, by the following vote: COUNCIL, MEMBERS: AYES: Steve Glickman, Diane McNutt, Joe Pirzynski, Mike Wasserman, and Mayor Barbara Spector NAYS: None ABSENT: ABSTAIN: SIGD: ~ /~ MAYOR OF/THE TOWN OF LOS GATOS LOS GA,~-OS, CALIFORNIA ATTES ~_ CLERK F THE OWN OF LOS GATOS LOS GAT ~ LIFORNIA