County and Labor Retirement Benefits Committee Sample Clauses

County and Labor Retirement Benefits Committee. ‌ After the effective date of the parties’ successor MOU and during the timeline specified below, the County and the Union will form a management/labor retirement benefits committee. The charge of the committee is to gather and analyze information on County employee retiree benefits and develop recommendations for optimal long-term solutions that meet the needs of all impacted parties and still position the County to have total compensation market competitiveness and workforce stability. As part of this recommendation, the parties shall address the following items: unfunded liability cost sharing; pension cost sharing; pension obligation bonds; retiree medical benefits; longevity; and retiree cost of living adjustment. Other retirement related issues may be considered by mutual agreement. The committee shall consist of up to three (3) Union representatives and six (6) management representatives. ESC team members will be permitted time off without loss of compensation or other benefits when formally meeting or engaging in mutually agreed upon preparation or caucus time. Additional ESC staff may participate. The County and the Union further agree that the committee should include representatives from all County Bargaining Units and employee organizations and that they will support having representatives of all such units and organizations participating in the committee by commencement of the committee’s work in March of 2021. The County and the Union further agree that the committee’s work will be completed by March of 2022. The committee’s recommendations and strategies will be advisory only to the County’s CAO’s office and ESC shall not be bound by any recommendations of the committee.
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