
COMMISSION MEMORANDUM
Tay Yoshitani, Chief Executive Officer
April 14, 2009
Page 2 of 3
New progression steps will be added at 5, 8, 12, and 16 years, with a 3% wage
increase per step above the previous step.
Attached spreadsheet details anticipated cost increases associated with this
proposed agreement.
II. Pension
Contributions to the Pacific Coast Benefits Trust will be as follows, per employee
hour compensated:
o Effective June 1, 2008 -- $0.95
o Effective June 1, 2009 -- $1.05
o Effective June 1, 2010 -- $1.20
o Effective June 1, 2011 -- $1.35
III. Health Care
Continuing full health care coverage for employees through increased
contributions to the Teamsters’ health care plan as follows:
o $828.40 per employee per month for continued benefits under "PLAN
A” ($799.00 with Time Loss “Plan A” ($20.00), and Life Insurance
“Plan A” ($9.40).
o Dental - Contribute the sum of $117.54 per employee per month for
continued benefits under the "PLAN A."
o Vision - Contribute the sum of $11.35 per employee per month for
continued benefits under the "EXTENDED BENEFITS."
o Discontinuing Teamsters’ Long-Term Disability coverage; employees
must now opt into the Port’s plan if they want coverage.
IV. Retirees’ Health & Welfare
Continuing to provide retirees health & welfare through increased monthly
contributions to the RWT Plus plan as follows:
o Effective June 1, 2008 -- $64.85
o Effective June 1, 2009 -- $74.85
o Effective June 1, 2010 -- $84.85
o Effective June 1, 2011 -- $94.85