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LTC 072-2008 Response to Request from R. McKinnon to Amend CWA Contract to Include DROP Planm MIAMIBEACH OFFICE OF THE CITY MANAGER NO. LTC #072-2008 LETTER TO COMMISSION TO: Mayor Matti Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: February 28, 2008 SUBJECT: Response To Request From Richard McKinnon To Amend the Communications Workers of America (CWA) Contract To Include A Deferred Retirement Option Plan (DROP) This LTC is in response to the memo sent by Richard McKinnon to explore the possibility of amending the current CWA collective bargaining agreement to include a DROP plan. By way of background the current CWA collective bargaining agreement was approved by the City Commission on September 5, 2007 and covers the period from October 1, 2006 through September 30, 2009. The CWA members overwhelming approved the contract with 97.8% voting in favor of ratifying the contract. The City has no legal obligation to reopen the CWA contract at this time and doing so may encourage similar requests from other unions which puts the City in a situation of not having defined contract terms. During the most recent contract negotiations with the CWA, a number of pension benefits, including a DROP plan, were discussed, but both parties ultimately came to agreement on just one (1) pension change, an Early Retirement Incentive Program (ERIP). Under the ERIP, bargaining unit members age 47 or olderwith 25 or more years of credited service as of January 25, 2008, were eligible for the ERIP. Members who elected the ERIP will receive their accrued benefit under the Miami Beach Employee Retirement Plan with no penalty for early retirement. As negotiated, the ERIP was also made available to members of the AFSCME and GSA bargaining units. Now, less than six (6) months after the 2006-2009 CWA contract was ratified, the CWA is asking to reopen and amend the contract to include a DROP plan. This is a significant change that would permit employees to "retire" for purposes of the pension plan and continue to work for the City for an additional three (3) years. During the three (3) year DROP period, the employee's pension benefits would accrue in the pension plan, and would be paid out in a lump sum at the end of the DROP. A DROP plan would significantly increase the City's total employee costs and would add to the administrative complexity of the Miami Beach Employee Retirement Plan. In his memo, Mr. McKinnon states that "once an employee becomes a DROP participant, he/she is considered to be retired and the employee stops earning retirement service credit," and "...contributions to the Retirement System for General Employees are no longer required. This is an immediate cost savings to the City." This statement ignores the fact that payroll costs for pay rolling these long term employees, (at the end of their careers), and with longevity pay in the case of the lifeguards, cost significantly more than replacing these employees (via retirement), with new hires paid at an entry level salary. The City estimates that the cost of maintaining the most highly paid CWA employees vs. replacing them per year (for the CWA unit alone) could cost as much as $600,000 per year based on certain reasonable assumptions. Thy rein bn~it f ~` ~~~ ~~ I~ a ~I~~ i~ ~ri~s ~~ s~ ~t ~u~~ ~~ r~~l I~ t~ i. I~vr, t~ t~'tirnt In ~~~~r~r~d~r s>~ ~r~fit, in the ~c~rr~ ~ ~~il I~.,~~ rtri~~ui. This ~r~~it ~ ~tt~ ~~ its tl~ ~n~ us ~~~~ ~~I!~~s~~r~iin ~rirr~ ~r~ ~c~~f~ ~ ~ i~ ~r~misin in r a l~r~r tl~ ~citin~ ~In, r~ r~lo I ~~ r~~r ~l~a ~ tl~ ~rl~ f C~is~~r ~~~ ~n ~h arm ~ lug u~ ~~,n~ t ~irrr~~, r r~~n mi~l+~s, t~ rt~l lug sir ~rmnt ~1~ rn~nt t ~~r~ f ~~u~n~ +~ ~Ilr. 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