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<br /> Co 1-C~2 <br /> Fiscal Impact <br /> The above enhancements to the Memorandum of Understanding are within the maximum <br /> authority set by the City Council. There is no increased cost for Fiscal Year 03-04 or 04- <br /> 05. The increased cost, estimated to be $998,547 for the enhanced PERS retirement <br /> benefit, will be budgeted in the Fiscal Year 06-07 when this benefit becomes effective. The <br /> scheduled wage increases in the third and fourth year of the contract are based on the <br /> Consum~r Price Index, which are unknown at this' time. <br /> -' <br /> ?:(1~/l!A)iba - iM1 ~ sjA~ <br /> ÉëfEverett <br /> Director of Human Resources City Manager <br /> Attachments <br /> Memorandum of Understanding for the Service Employees' International Union Local 715 <br /> (available at the City Clerks office) <br />