Common use of Equity Adjustment Clause in Contracts

Equity Adjustment. ‌ A) It is the intent of the District and the Union to maintain a compensation parity increase. The District and the Union agree to the utilization of designated “Metro” agencies. The “Metro” agencies identified are to be utilized for the purposes of establishing a “parity survey.” The compensational items utilized for comparison will be based on monthly compensation, medical contributions, and retirement contribution. B) The “parity survey” of the identified public agencies will take place each and every December of said year. The survey will identify the top five (5) public agencies, using the Captain’s rank, within the total “Metro” parameters. Once the top five (5) agencies have been identified, as set forth by the preceding criteria, ASP Local 522 Representatives and the Fire Chief, or his/her designee, agree to establish the average compensation at each classification in this Agreement. Should a classification not found within the fire agency (i.e., Logistics Technician), the District and ASP Local 522 Representatives agree to utilize classification within the public agencies that provides service to the fire agency, as listed in Section D. of this Article. A compensation adjustment will then be established to move each classification to the average monthly compensation of their specific classification. This adjustment will take place the following month of January of the new-year. 1. When the survey of comparable agencies takes place in the month of December, it is the intent to capture any and all compensation adjustments that will take place in the following year of all comparable agencies. 2. This will ensure that the compensation adjustments will be commensurate to the same time frame as the compensation period. For 2007, the top five (5) agencies (using the Captain’s rank) are: 1) Contra Costa County, 2) Oakland City, 3) Orange County, 4) San ▇▇▇▇ City, and 5) Los Angeles City. Technician I $2100 $1976 None. Technician II $3100 $3250 4.0% Senior Technician $2250 $2270 1.0% C) The salary adjustment will be capped at four percent (4%) for years 2007, 2008 and 2009. This compensation adjustment will be compounded upon the previously identified four percent (4%) increase to all ASP represented members.