HomeMy WebLinkAboutAgreement_General_03/29/2013 Village of Tequesta and Palm Beach County Police Benevolent Association
Memorandum of Agreement
Regarding Contributions to 401A Plan
The Village of Tequesta (Village) and the Palm Beach County Police Benevolent Association (PBA) are
parties to a collective bargaining agreement that is in effect from October 1, 1010 through September
30, 2013.
The Village and the PBA, in accord with the provisions of Article 30 of the existing collective bargaining
agreement, have agreed to modify Article 29 in the collective bargaining agreement.
The Village and the PBA agree that the "New Hires" provision of Article 29 (Retirement) of the 2010-
2013 PBA /Village of Tequesta collective bargaining agreement, shall be modified to read as follows.
New Hires
Upon the execution of this contract all new, full -time employees hired after the effective date of this
contract, will be offered the option to join a 401A plan and contribute part of their pay to this plan.
Employees who opt to join the 401A plan may contribute up to the maximum amount allowable
under applicable IRS statutes and regulations governing 401A plans. The Village will contribute a
matching amount, provided the maximum amount contributed by the Village will be five percent
(5%) of the employee's pay to the plan.
This memorandum of agreement will take effect on March 30, 2013, and will remain in effect until the
thirtieth (30th) day of September, 2013.
SIGNED this ZA day of March, 2013.
ATTEST: VILLAGE OF TEQUESTA
Lori McWilliams, CIVIC Michael Couzzo
Village Clerk `x " 1 1 Village Manager
GE
J�N.. GpRPp 9�QG�.
S �A% s PALM B AC COUNTY PBA
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[VILLAGE SEAL; 1
OF '••• • �oP��.�` John Kazanjian
� President