$1100 Revenue Sharing Payment in February 2016

Local 21 fought hard for our Oakland members to see the benefits of the City of Oakland’s economic upswing in the form of a one-time $1100 revenue sharing payment to be disbursed two months from now.

The City’s 4th quarter $11 million surplus in the FY 2014-2015 General Purpose Fund triggers the revenue sharing payout to be paid out in full by February 2016.  

To be eligible, the new contract requires that a member must have been on the payroll since July 1, 2015 and continue to be on paid status at the date of the payout, as well as have worked at least 750 hours in the previous fiscal year.

Like the pay raise, the revenue sharing agreement was also won by the Union after six months of protracted bargaining that culminated with a new two-year contract settlement signed with the City on September 15.

Oakland Vice President Renee Sykes added, “Our goal is to continue monitoring the City’s revenues and expenditures. The Union’s budget working committe continues to evaluate the City’s economic projections for future contract negotiations.”