Common Contracts
1 similar Memorandum Agreement contracts
MEMORANDUM AGREEMENT COVER SHEETMemorandum Agreement • October 29th, 2009
This hourly wage increase includes approved 3% wage increase for represented employees, and money saved from the employee group’s change in Health and Welfare Plan added to hourly wage. The rate the Port is paying per month, per employee for the new H&W plan is $985.00, a savings of an average of $250.00 per employee per month. The H&W monthly benefits are capped for the life of the contract at $1,000.00 per month per employee. If the second year of the contract the monthly premium increase is above the cap, the employee is responsible for the increased premium. The combined total of the H&W money and the 3% budgeted increase equals a 7.8% increase for a Journeyman Engineer for 2009-2010.
