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HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: December 6, 20111 AGENDA ITEM NO. 1 ITEM TITLE: Resolution of the City Council of the City of National City modifying the contribution rates to the Public Employees' Retirement System by eliminating the City's contribution and increasing to eight percent the member contribution paid by the City of National City's miscellaneous employees, Confidential Employee Group Subset PREPARED BY: ILilia Munoz, HR Technician) DEPARTMEN ciuk -eso es PHONE: 336-4309;' APPROVED EXPLANATION: Since January 2011, the City and its Confidential employees have shared the cost of the employee's retirement - contribution with the City contributing five percent (5%) of the employee's eight percent (8%) member contribution, and the Confidential employees contributing the other three percent (3%). As amended, the miscellaneous employees in the Confidential Employee Group will pay an additional five percent (5%) of the employee contribution effective January 10, 2012. As such, employees will assume responsibility for the full employee contribution. To effect this provision, pursuant to Government Code Section 20691, the City Council must amend the contract between the Board of Administration of PERS and the City Council by adopting a resolution specifying the plan change. Therefore, staff seeks a resolution to eliminate the Employer Paid Member Contribution to CaIPERS for miscellaneous employees in the Confidential Employee Group. FINANCIAL STATEMENT: ACCOUNT NO. ENVIRONMENTAL REVIEW: NIA1 Fiscal Year Savings FY 11/12 (6 months) $11,851 FY 12/13 $23,703 FY 13/14 $23,703 FY 14/15 (6 months) $11,851 ORDINANCE: INTRODUCTION: FINAL ADOPTION: APPROVED: APPROVED: STAFF RECOMMENDATION: Recommend approval of resolution.; BOARD / COMMISSION RECOMMENDATION: NIA1 ATTACHMENTS: Resolution