10-18-2011 CC RPT 27 - Laserfiche WebLink

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Cit 4 1 : 41 11 1 . 5 City Council Memorandum TO: HONORABLE MAYOR AND CITY COUNCIL FROM: HUMAN RESOURCES DEPARTMENT DATE: October 18, 2011 ITEM NO: 27 WARD: ALL SUBJECT: RESOLUTIONS TO AMEND THE MASTER FRINGE BENEFITS AND SALARY RESOLUTION, FOR EMPLOYER PAID MEMBER CONTRIBUTIONS AND FOR PAYING AND REPORTING THE VALUE OF EMPLOYER PAID MEMBER CONTRIBUTIONS ISSUE: The issue for City Council's consideration is whether to adopt the attached Resolutions to effectuate various changes to benefits provided through the California Public Employees' Retirement System. RECOMMENDATION That the City Council: 1. Adopt the attached Resolution amending the Master Fringe Benefits and Salary Resolution; and 2. Adopt the attached Resolution pertaining to Employer Paid Member Contributions; and 3. Adopt the attached Resolution for paying and reporting the value of Employer Paid Member Contributions. BACKGROUND As a result of the revenue impacts associated with the downturns in the national and regional economies, as well as increases in retirement costs, the City entered into discussions with employee groups which resulted in agreements to reform pension benefit provisions. On February 1, 2011 the City Council approved an initiative to reform pension provisions pertaining to Executive Management, Management I, II, Confidential employees, and Elected Officials. On April 12, 2011 the City Council approved pension reform for employees represented by the Fire Units. On June 7, 2011 the City Council approved revisions to certain retirement provisions in the Memorandum of Understanding (MOU) pertaining to members of SEIU (General and Refuse Units). More recently, on June 13, 2011 representatives of the City and the IBEW (Line and Supervisory Units) met and agreed on MOU amendments to revise certain retirement provisions. 27 -1