Legislation Details

File #: HIST-14131    Version: 1 Subject:
Type: Historical Status: Action Item
In control: City Council Meeting Agenda
On agenda: 6/7/2010 Final action: 6/7/2010
Title: (1) Adoption of a Resolution (a) Providing Additional Service Credit Pursuant to Government Code Section 20903 for Local Miscellaneous Members of the California Public Employees Retirement System (CalPERS); (b) Designating the Window Period as June 8, 2010 to September 8, 2010; and (c) Specifying the Eligible Group of Members; and (2) Authorize the Mayor to Execute the Certification of Compliance with Government Code Section 20903.
Attachments: 1. (1) Adoption of a Resolution (a) Providing Additio - A-2__10-06-07__HR__CITY COUNCIL__2010 Golden Handshake - 3rd - FINAL.doc, 2. (1) Adoption of a Resolution (a) Providing Additio - 10-06-07_HR_Early Retirement Incentive.pdf
City of Culver City, California City Council Agenda Item Report RECOMMENDATION: Staff recommends the City Council (1) adopt a Resolution (a) providing additional service credit pursuant to Government Code Section 20903 for Local Miscellaneous Members of the California Public Employees Retirement System (CalPERS); (b) Designating the Window Period as June 8, 2010 to September 8, 2010; and (c) Specifying the Eligible Group of Members; and (2) authorize the Mayor to execute the Certification of Compliance with Government Code Section 20903. BACKGROUND: At the May 24, 2010 City Council meeting, the City Council considered information in accordance with Government Code Section 7507 regarding the potential costs and savings related to the elimination of positions through the CalPERS Early Retirement Incentive Program. The item was considered as an action item, with an opportunity for members of the public to provide comment. As mentioned at that time, the second step of the process is for the City Council to adopt a resolution which: (1) provides additional service credit pursuant to Government Code Section 20903 for Local Miscellaneous Members of CalPERS; (2) designates the Window Period; and (3) specifies the Eligible Group of Members. Meeting Date: 6/07/10 Item Number: A-2 AGENDA ITEM: (1) Adoption of a Resolution (a) Providing Additional Service Credit Pursuant to Government Code Section 20903 for Local Miscellaneous Members of the California Public Employees Retirement System (CalPERS); (b) Designating the Window Period as June 8, 2010 to September 8, 2010; and (c) Specifying the Eligible Group of Members; and (2) Authorize the Mayor to Execute the Certification of Compliance with Government Code Section 20903. Contact Person/Dept.: Serena Wright Phone Number: (310) 253-5640 Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No [] Public Hearing: [] Action Item: [X] Attachments: [X] Public Notification: (E-Mail) Meetings and Agendas – City Council (06/02/10), Culver City Employees Association (06/02/10) Department Approval: Serena Wright (06/01/10) City Attorney Approval: Carol Schwab (by H. Baker) (06/02/10) Chief Financial Officer Approval: Jeff Muir (by M. Noller) (06/02/10) City Manager Approval: P. Lamont Ewell (06/02/10) City of Culver City, California City Council Agenda Item Report DISCUSSION: In accordance with the Public Employees Retirement Law, two years of additional service credit may be offered to employees who have at least five years of CalPERS service and meet the minimum age requirement for a service retirement. Additionally, an agency must be facing impending mandatory transfers, demotions or layoffs that constitute at least 1 percent (1%) of the job classification, department or organizational unit, as designated by the City. Further, the City must certify that it intends to keep all vacancies created by retirements under this program or at least one vacancy in any position in any department or organizational unit permanently unfilled resulting in an overall reduction in the work force. The City can choose to eliminate the position associated with the early retirement incentive or another position within the department or organizational unit. To provide this early retirement incentive, the City must designate a window period of between 90 and 180 days during which eligible employees must retire to receive the early retirement incentive. Staff has proposed that the designated window period be June 8, 2010 – September 8, 2010. (Important Note: This window period applies to this Third Round of Early Retirement Incentives. The window period for the Second Round of Early Retirement Incentives remains unchanged with a closing date of June 15, 2010 with the last day to retire being June 14, 2010). FISCAL ANALYSIS: Staff has identified the following classifications that are eligible to receive the additional service credit benefit. Please note that the above list has been updated to reflect additional positions within the Mechanic classification that are eligible to receive the early retirement incentive. Classification Department Projected Annual Salary Savings (excluding benefits) Administrative Clerk Community Development $47,829 Associate Analyst Community Development $70,112 Equipment Service Worker Transportation $48,310 Heavy Truck Driver (2) Public Works $113,180 Laborer Public Works $40,570 City of Culver City, California City Council Agenda Item Report Legal Secretary City Attorney $68,049 Classification Department Projected Annual Salary Savings (excluding benefits) Maintenance Worker I Parks, Recreation & Community Services $46,883 Mechanic (6) Transportation $380,772 Total Projected Annual Salary Savings: Up to $815,705 Less Projected Annual City Cost to implement the Early Retirement Program: Up to ($36,864) Net Projected Annual Salary Savings: Up to $778,841 In order to reduce the impact to the City, CalPERS allows the City to pay the annual cost through an increase in the employer contribution rate, starting two fiscal years after the end of the designated period, which may continue for as long as twenty (20) years. The impact of this change on the City’s employer contribution rate is expected to be minor. Also, such impacts are far less than the annual salary and benefit savings resulting from the positions being vacated. It should be noted that benefits represent an additional 35% – 40% of salary in costs to the City. In addition, the City will experience a one-time cost when the employees cash-out their accrual leave banks upon retirement in accordance with the terms of their respective Memorandum of Understanding. ATTACHMENTS: 1. Proposed Resolution 2. Certification of Compliance with Government Code Section 20903 City of Culver City, California City Council Agenda Item Report MOTION: That the City Council: 1. Adopt a Resolution (a) providing additional service credit pursuant to Government Code Section 20903 for Local Miscellaneous Members of the California Public Employees Retirement System (CalPERS); (b) designating the Window Period as June 8, 2010 to September 8, 2010; and (c) specifying the Eligible Group of Members; and 2. Authorize the Mayor to execute the Certification of Compliance with Government Code Section 20903. MEETING DATE: 6/7/10 AGENDA ITEM: (1) Adoption of a Resolution (a) Providing Additional Service Credit Pursuant to Government Code Section 20903 for Local Miscellaneous Members of the California Public Employees Retirement System (CalPERS); (b) Designating the Window Period as June 8, 2010 to September 8, 2010; and (c) Specifying the Eligible Group of Members; and (2) Authorize the Mayor to Execute the Certification of Compliance with Government Code Section 20903. ATTACHMENTS Pages 1. Resolution 1 — 2 2. Certification of Compliance with Government Code Section 20903 3RESOLUTION NO, 2010-R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CULVER CITY, CALIFORNIA TO GRANT ANOTHER DESIGNATED PERIOD FOR TWO YEARS ADDITIONAL SERVICE CREDIT -WHEREAS, the City Council of the City. of Culver City is a contracting Public Agency of the Public Employees' Retirement System; and WHEREAS, said Public Agency desires to provide another designated period of Two Years Additional Service Credit, Section 20903, based on the contradt amendment included in said contract, which provided for Section 20903, Two Years Additional Service Credit, for eligible members; NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Culver city, California, does seek to add another designated period, and does hereby authorize this Resolution, indicating a desire te add a designated period from June 8, 2010 through September 8, 2010 for eligible Miscellaneous members in the following positions: Classification Department Administrative Clerk Community Development Associate Analyst Community Development Equipment Service Worker Transportation Heavy Truck Driver Public Works Laborer Public Works Legal Secretary City Attorney Maintenance Worker I Parks, Recreation & Community Services|101010101010101010 10 10|11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28APPR Pol WymA|1010|4.trOL A. S—HWA: ity Attorney Classification Department Mechanic Transportation APPROVED and ADOPTED this day of , 2010. CHRISTOPHER ARM ENTA, Mayor City of Culver City, California ATTEST: MARTIN R. COLE City Clerk Al 0-00176 I|1010101010101010 10 10|11 12 13 14 15 16 17 18 19 20 21 22 23 24 26 26 27 28CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Employer Services Division Contract Maintenance Unit P.O. Box 942709 Sacramento, CA 94229-2709 CERTIFICATION OF COMPLIANCE WITH GOVERNMENT CODE SECTION 20903 In accordance with Government Code Section 20903 and the contract between the Public Employees' Retirement System, the City Council of the City of Culver City hereby certifies that: 1. Because of an impending curtailment of, or change in the manner of performing service, the best interests of the agency will be served by granting such additional service credit. 2. The added cost to the retirement fund for all eligible employees who retire during the designated window period will be included in the contracting agency's employer contribution rate for the fiscal year that begins two years after the end of the designated period_ 3. It has elected to become subject to Section 20903 because of impending mandatory transfers, demotions, and layoffs that constitute at least 1 percent of the job classification, department or organizational unit, as designated by the governing body, resulting from the curtailment of, or change in the manner of performing, its services. 4. Its intention at the time Section 20903 becomes operative is to keep all vacancies created by retirements under this section or at least one vacancy in any position in any department or other organizational unit permanently unfilled thereby resulting in an overall reduction in the work force of such department or organizational unit. THEREFORE, the City Council of the City of Culver City hereby elects to provide the benefits of Government Code Section 20903 to all eligible members who retire within the designated period, through CITY COUNCIL OF THE CITY OF CULVER CITY BY Presiding Officer Attest: Clerk/Secretary Date 2yr certification-PA (Rev. 4/04)