COMMISSION AGENDA – Action Item No. 8f
Meeting Date: February 14, 2023

MEMORANDUM OF UNDERSTANDING
by and between
PORT OF SEATTLE
and
INTERNATIONAL ASSOCIATION OF MACHINISTS
AND AEROSPACE WORKERS, AFL-CIO,
DISTRICT LODGE 160, LOCAL LODGE 289
REPRESENTING INVENTORY PURCHASING SPECIALISTS

Re: 457 Deferred Compensation stipend
This Memorandum of Understanding (MOU), made effective as of the date of signing, is entered into
by and between International Association of Machinists and Aerospace Workers, AFL-CIO, District
Lodge 160, Local Lodge 289 (Union) and the Port of Seattle (Port), referred to herein as the Parties.
In the interest of supporting employee retirement the Parties, signatories to a January 1, 2022 –
December 31, 2025 Collective Bargaining Agreement (CBA) for, hereby agree as follows:

1. Represented employees are precluded from participating in the Port’s 401(a) Supplemental
Savings Plan that includes a matching component from the Port. The Port agrees to provide
an annual $500.00 stipend each contract year to Inventory Purchasing Specialist employees
covered by the above referenced collective bargaining agreement, who participate in the Port
of Seattle’s 457 Deferred Compensation Plan with a contribution of five hundred dollars
($500.00) or more annually. Eligibility, participation and terms of the Port of Seattle’s
457 Deferred Compensation Plan shall be as provided to non-represented employees as
outlined in the Port’s Benefits for Non-Represented Employees, HR-31.
2. The Port maintains the full discretion to change, and/or modify its HR-31 Benefits for NonRepresented Employees policy and/or procedure without notice or bargaining.
3. All other terms and conditions of the CBA shall remain in full force and effect. Should any
terms and conditions in this MOU conflict with the CBA, this MOU shall control.
This Memorandum of Understanding is effective upon signing and shall expire when incorporated
into a successor collective bargaining agreement between the parties or on December 31, 2025,
whichever is sooner.
_____________________________________
Stephen P. Metruck, Executive Director
Port of Seattle

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Date

______________________________________
Tommy Hunt, Business Agent
IAM, District Lodge 160, Local Lodge 289

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Date

COMMISSION AGENDA – Action Item No. 8f
Meeting Date: February 14, 2023