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HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: December 6, 2011 AGENDA ITEM NO. 1 ITEM TITLE: Introduction of an Ordinance of the City of National City to Approve an Amendment to the Contract Between the Board of Administration California Public Employees' Retirement System and the City Council of the City of National City to Provide for a 3% @ 55 Full Formula Benefit for Fire Safety Members. Entering Membership for the First Time in the Firefighters' Association PREPARED BY: Lilia Munoz DEPARTMENT: PHONE: 336-4309 APPROVED BY, EXPLANATION: urces As provided for in the current agreement between the City of National City and CaIPERS, City of National City employees working in designated fire safety classifications have a retirement formula of 3% @ 50 (Section 21362.2). Under the terms of the current Memorandum of Understanding between the City and the Firefighters' Association, individuals hired into the City's Firefighters' Association for the first time will not receive the benefit of the 3% @ 50 formula. Instead such new hires will receive a benefit of 3% @ 55 (Section 21363.1). Such a change is allowable under Section 20475 (Different Level of Benefits). FINANCIAL STATEMENT: APPROVED: Finance ACCOUNT NO. APPROVED: MIS N/A ENVIRONMENTAL REVIEW: INIA1 ORDINANCE: INTRODUCTION: X FINAL ADOPTION: STAFF RECOMMENDATION: Recommend adoption of Ordinance BOARD 1 COMMISSION RECOMMENDATION: NIA1 ATTACHMENTS: Ordinance Exhibit-CaIPERS Amendment to Contract