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HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: May 3, 2011 AGENDA ITEM NO. ITEM TITLE: Resolution of the City Council of the City of National City to grant another designated period for two years additional service credit consistent with the provisions of the City Council approved Employee Voluntary Separation Program. PREPARED BY: Stacey Stevenson DEPARTMENT: PHONE: 336-4308 APPROVED B EXPLANATION: Resot-ces Resulting from a projected structural deficit, in an effort to avoid transfers, demotions. and layoffs that would impact greater than one percent (1 %) of the workforce, the City Council of the City of National City approved the implementation of an Employee Voluntary Separation Program. Under the terms of the program, eligible employees may elect to retire from the City and receive two additional years of service purchased by the City and creditable towards the employees' retirement from the California Public Employee Retirement System (CaIPERS). In order to execute this provision of the Program, as authorized under Government Code Section 20903, staff hereby requests that the City Council designate a ninety (90) day period, effective March 30, 2011 during which eligible employees must retire in order to receive the additional service credit. Consistent with the provisions of Section 20903, at least one position shall remain permanently unfilled thereby resulting in an overall reduction in the workforce. The list of eligible employee classifications is contained in Attachment 1. FINANCIAL STATEMENT: ACCOUNT NO. APPROVED: 4, APPROVED: Finance MIS The cost of the purchase of service credit will be included in the City's employer contribution rate commencing in Fiscal Year 2013-2014. This increase in contribution rate will be amortized over a 20 year period. ENVIRONMENTAL REVIEW: ORDINANCE: INTRODUCTION: FINAL ADOPTION: STAFF RECOMMENDATION: Recommend approval of Resolution BOARD I COMMISSION RECOMMENDATION: ATTACHMENTS: Employee Voluntary Separation Program, List of Eligible Classifications Resolution