1991-162-Amending Management Performance And Compensation Plan For Fiscal Year 1991-92RESOLUTION 1991 -IQ
RESOLUTION OF THE TOWN OF LOS GATOS
AMENDING MANAGEMENT PERFORMANCE AND COMPENSATION PLAN
FOR FISCAL YEAR 1991 -92
BE IT RESOLVED, by the Town Council of the Town of Los Gatos, that the
Amendments to the Management and Compensation Plan for the Town for fiscal year 1991-
92 (a copy of which is attached hereto) are hereby approved.
PASSED AND ADOPTED at a regular meeting of the Town Council of the
Town of Los Gatos, California, held on the 15th day of July, 1991 by the following vote:
COUNCILMEMBERS:
AYES: Randy Attaway, Joanne Benjamin, Steven Blanton, Eric D. Carlson
and Mayor Brent N. Ventura
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED: /
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST: a,
CLERK OF TI-IE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
MG 2: \RESOS \070991.82
AMENDMENTS TO THE MANAGEMENT PLAN FOR
FISCAL YEAR 1991 -92
1. Salary increase of 1.5% effective June 23, 1991.
2. $900.00 increase in the Level I, Level II and Level III Management Cafeteria Plan.
3. Convert to PERS Medical Plan effective August 1, 1991.
4. Unlimited sick leave accruals. Upon retirement from the Town, accrued sick leave
can be applied towards time and service and retiree medical premiums, until such
time that the Town provides for 100% of retiree benefit premiums. If leaving the
Town but not retiring, the sick leave cash -out provisions are as follows:
a)
1 -59 months of service
25.0%
b)
59 -120 months of service
37.5%
c)
121 months and beyong
50.0%
Must have a balance of 150 hours in order to cash -out
5. In addition to the current life insurance coverage of $50,000 plus $50,000 AD &D, the
Town will offer the opportunity to purchase additional term life insurance up to twice
the employee's base salary, not to exceed $150,000.
6. The current $120.00 vision reimbursement to be extended to the employee's
immediate family (spouse, unmarried children under 19 living at home, or under 23
and a full -time student).
7. Level II and Level III managers will have the following vacation accrual schedule:
a)
0 -60 months
15 days per year
b)
61 -120 months
20 days per year
c)
121 -180 months
23 days per year
d)
181 months and over
25 days per year
8. Employees who retire from the Town may convert 100% of their accumulated sick
leave to the dollar equivalent of their hourly rate of pay. The Town will contribute
to retiree medical coverage under the phase -in schedule mandated by PERS and the
employee's sick -leave dollar account will be used to pay the remaining portion of the
employee -only premium.
9. Reevaluation of the Management Performance Evaluation process and revision of
the Management Performance and Compensation Plan by December 31, 1991.
10. Retitle Community Services Manager to Community Services Director and place
position in Level I.
11. Add the position of Senior Librarian to Level IL FINTC;A:\AMKD- MGT.PLN