(A) Covered employees shall be paid a living wage.
(B) The “living wage” to be paid to employees pursuant to the requirements of this chapter shall be a minimum hourly wage of $13 with employer sponsored benefits or $14.75 without employer sponsored benefits, until adjusted by further action of the Town Council annually after consideration of the annual cost of living increase as measured by the San Francisco Bay Area Consumer Price Index. Any adjustments made to the minimum hourly wage shall become effective the following July 1.
(C) (1) “Benefits,” as used in this section, means all of the following at a minimum, provided by employer: 12 days compensated sick and vacation leave (combined) annually for full-time employees, prorated for employees working less than full-time; payment of at least $1.75 per hour toward health insurance for the employee.
(2) No covered employer will fund wage increases required by this chapter, or otherwise respond to the provisions of this chapter, by reducing the health insurance, pension, vacation or other non-wage benefits of any of its employees.
(D) Amendments to this chapter concerning the definition of living wage shall apply to contracts entered into or extended following the effective date of the amendments.
(Ord. 691, passed 8-6-2002)