WESTERN STATES OFFICE AND 

PROFESSIONAL EMPLOYEES PENSION 

FUND

SECOND SUSPENSION APPLICATION

Exhibit 15 

(Part 10 of 12)

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WORKING AGREEMENT 

BETWEEN 

PORTLAND LOCAL 8 FEDERAL CREDIT UNION 

AND THE 

OFFICE & PROFESSIONAL EMPLOYEES 

INTERNATIONAL UNION, LOCAL 11 

AFL-CIO 

FOR THE PERIOD 

JUNE 1, 2015 

THROUGH 

MAY 31, 2018

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Section 4. If an employee chooses not to participate in the Employer sponsored health and welfare 

program, they shall receive $500.00 per month added to their pay subject to all federal, state and local 

taxes.

ARTICLE 13. GROUP LIFE & DISABILITY INSURANCE 

The Employer shall provide group life insurance coverage for each regular full-time employee after 

ninety (90) days of employment, in the amount of fifty thousand ($50,000.00). The Employer shall 

pay the full cost incurred. 

The Employer shall maintain the existing life and disability insurance coverage for each regular 

full-time employee after 1 year of employment. The Employer shall pay the full cost incurred. 

ARTICLE 14. RETIREMENT PLANS 

Section 1. Effective June 1, 2014, the Employer agrees to contribute to the Western States 401k 

Retirement Fund of the OPEIU a minimum contribution of one dollar ($1.00) per compensable hour 

for each employee. 

The Employer agrees to match up to an additional fifty cents ($0.50) of an employee’s contribution to 

the Western States 401k up to two thousand eighty (2,080) hours or one thousand forty dollars 

($1,040.00) per year. 

a. New employees will be prorated with each year of service as follows: 

1 year of service 2080 hours at $1.00 per hour 

Section 2. During the life of this Agreement, all participants may elect to self-contribute to the 

Western States 401k Retirement Fund of the OPEIU in any amount permitted by law. 

Section 3. Be it further jointly advised that for long term pension benefits, the above amounts 

contributed shall be recognized as an incentive and that each participant, while not mandatory, 

seriously consider self-contributing amounts to insure a comfortable and dignified retirement. 

Section 4. The said Retirement Fund shall be administered pursuant to an Agreement and 

Declaration of Trust administered jointly by an equal number of Union and Employer representatives. 

The Agreement and Declaration of Trust, together with any amendments thereto, shall be considered 

a part of this Agreement as if set forth herein at length. 

Section 5. The Employer confirms and ratifies the appointment of the persons designated as 

Trustees, who with their successors designated in the manner provided in the Agreement and 

Declaration of Trust, are called Employer Trustees. 

Section 6. The said contribution shall be paid monthly up to and including the last payroll date of 

each and every calendar month on or before the 10th day of the following month. The contributions 

are to be stated on forms provided by the Retirement Fund. 

Section 7. The Employer shall make available to the Retirement Fund any and all records of the 

covered employees that the Retirement Fund may require in connection with the sound and efficient 

operation of the Retirement Fund. 

Section 8. If suit or other proceedings are necessary, the Employer shall be responsible for all 

reasonable fees, costs and other expenses necessary to effect collection. 

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Section 9. Employer contributions shall commence on the hiring date of each bargaining unit 

employee of the Employer and shall not be subject to change during the life of this Agreement. 

Section 10. This shall not affect present comparable Retirement Plans which have been approved by 

the Trustees of the Western States 401k Retirement Fund of the OPEIU. 

Section 11. The Employer agrees to contribution to the Western States Office & Professional 

Employees Pension Fund the following amounts: 

Effective June 1, 2011 - $0.50 per compensable hour 

Section 12. Employees shall have the right to designate, in writing, the amount per compensable 

hour (in full $1.00 increments) to be contributed by the Employer into each retirement fund (i.e., 

401(k), pension or bonds). Employees shall have the right to make changes to contributions every six 

(6) months or with employee committee decision. This option shall not increase the amount of total 

monies negotiated, as provided for in preceding sections, and neither the Employer, nor the Union 

shall be indemnified of responsibility for individual choices selected. 

Section 13. Total Employer contributions for SEP IRA are as follows: 

$3.00 per compensable hour. Employee may elect to receive the $3.00 per hour SEP 

IRA Employer contribution as regular pay, subject to all federal and state taxes and 

withholdings. 

ARTICLE 15. HEALTH AND SANITATION 

The Employer agrees to provide a comfortable and healthful work environment for its employees. 

This will include proper facilities as to light, heat, ventilation and seating. Ample restrooms will be 

provided, and these will be kept in a clean and sanitary condition at all times. 

ARTICLE 16. NON-DISCRIMINATION 

Section 1. The Employer agrees to the principle of equal pay for equal work and agrees that there 

shall be no discrimination exercised in this respect. In all cases where women are performing work of 

a comparable quality and quantity as that performed by men, the same rate of pay shall prevail. 

Section 2. No clause in this Agreement shall be understood to imply any lowering of working 

conditions and rates of pay heretofore existing in the office of the employees. 

Section 3. The Employer agrees not to discriminate against an employee because of their activity as 

a member of the Union. 

Section 4. Neither the Union nor the Employer in carrying out their obligations under this contract 

shall discriminate in matters of hiring, training, promotion, transfer, layoff, termination or otherwise 

because of race, color, creed, national origin or sex. 

ARTICLE 17. RATES OF PAY 

Section 1. The wages herein established and shown in Schedule “A” shall be considered minimum 

wages and shall not prevent the payment of higher scales to any employee whose work may warrant.

Section 2. Paydays shall be at least semi-monthly and in no case shall more than five (5) days of pay 

be held back. Monthly pay shall reflect amount of hours worked. 

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