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HomeMy WebLinkAboutCC RESO 2011-68RESOLUTION 2011 — 68 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AMENDING THE VACATION ACCRUAL BENEFIT FOR EXECUTIVE EMPLOYEES BY INSTITUTING AN ACCUMULATION CAP; AND AMENDING THE VACATION "SELL -BACK" BENEFIT FOR MANAGEMENT EMPLOYEES, ALLOWING FOR THE "SELL -BACK" OF ACCUMULATED VACATION CREDITS SUBJECT TO THE APPROVAL OF THE CITY MANAGER WHEREAS, the compensation plan currently in place for the Executive employee group allows for the accrual of vacation credits with no maximum accumulation or cap; and WHEREAS, the accumulation of vacation credits is carried as an unfunded liability, which increases not only in numbers, but also in value or cost of those credits; and WHEREAS, in an effort to reduce the City's unfunded liability, staff recommends the establishment of an accumulation cap at a maximum of three times an Executive employee's annual accrual, which is ten hours per month for the first ten years of service and 13.33 hours per month thereafter, effective January 1, 2012; and WHEREAS, the compensation plan currently in place for the Management employee group restricts the "sell -back" of vacation credits to 80 hours of accumulated vacation credits per fiscal year; and WHEREAS, to further reduce the City's unfunded liability, staff recommends amending the vacation "sell -back" benefit to allow Management employees to "sell -back" accumulated vacation credits at the discretion of the City Manager, consistent with the benefit available to members of the Executive employee group. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby amends the compensation plan by amending the vacation accrual benefit for Executive employees by instituting an accumulation cap at a maximum of three times the annual accrual rate. BE IT FURTHER RESOLVED that the compensation plan is further amended by amending the vacation "sell -back" benefit for the Management employee group, allowing the "sell -back" of accumulated vacation credits subject to the approval of the City Manager. PASSED and ADOPTED this 15th day of March, 2011. ATTEST: i Michael R. Dalla, ity Clerk Ron Morrison, Mayor APPROVED AS TO FORM: C'- dia G. ilva ity Attorn Passed and adopted by the Council of the City of National City, California, on March 15, 2011 by the following vote, to -wit: Ayes: Councilmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California City Cal City, California le k of of ation City By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2011-68 of the City of National City, California, passed and adopted by the Council of said City on March 15, 2011. City Clerk of the City of National City, California By: Deputy