Item No. 8d attach 1
Meeting Date: September 23, 2025

MEMORANDUM OF UNDERSTANDING
by and between
PORT OF SEATTLE
And
GENERAL TEAMSTERS LOCAL UNION NO. 174
Affiliated with the
INTERNATIONAL BROTHERHOOD OF TEAMSTERS
Re: Pension Compliance

This Memorandum of Understanding (MOU), made effective as of the date of signing, is entered into
by and between the Teamsters Local 174 (Union) and the Port of Seattle (Port), referred to herein as
the Parties.
WHEREAS, the Parties executed a new Collective Bargaining Agreement on February 20, 2025,
which expires on May 31, 2027;
WHEREAS, the Collective Bargaining Agreement includes employer contributions, on behalf of
each employee, to the Western Conference Teamsters Pension Trust;
WHEREAS, the Collective Bargaining Agreement includes vacation and sick leave accrual lump
sum and/or cash-out benefits;
WHEREAS, the Western Conference Teamsters Pension Trust rejected acceptance of the new
Collective Bargaining Agreement based upon the language associated with vacation and sick
leave accrual lump sum and/or cash-outs;
WHEREAS, the parties wish to amend the benefits and language associated with vacation and
sick leave accrual lump sum and/or cash-outs to meet the requirements of the Trust;
NOW THERFORE, the Parties agree as follows:
1. The following paragraph from 15.02 shall be amended to read:
Upon termination or retirement, employees with at least five (5) years of continuous
service may cash out their Sick Leave bank (within 480-hour limit) at 50% of the then
current rate of pay. Contributions to Trust pension and benefits will not be made for Sick
Leave cash out payments at termination or retirement.
2. Article 17.02, Voluntary Cash Out of Accumulated Vacation shall be deleted and
replaced with the following:

Date Ratified: <-P( 1';) /?:5::
Agent OK:
Date:

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Item No. 8d attach 1
Meeting Date: September 23, 2025

...

Article 17.02 Payment of Unused Vacation at Retirement or Termination: One hundred
percent (100%) of unused vacation shall be paid to each regular employee covered by this
Agreement who leaves the employment of the Port. Payment of unused vacation at
retirement or termination shall not be subject to pension and benefit contributions.
This Memorandum of Understanding is effective upon signing and shall expire when
incorporated into a successor CBA between the Port and the Union.

Stephen P. Metruck, Executive Director
Port of Seattle

Rick Hicks
Secretary-Treasurer
Teamsters Local 174

Date

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Date