(1) Adoption of a Resolution of Intention to Approve a Contract Amendment between the Public Employees Retirement System (PERS) and the City of Culver City to Implement 2% at 60 and Three Year Final Compensation for New Hires in the Local Miscellaneous Plan (Culver City Management Group (CCMG) and Culver City Employees Association (CCEA)); and (2) Introduction of an Ordinance Authorizing said Contract Amendment. City of Culver City California Agenda Item Report Item Number: A 1 Meeting Date: 10/10/11 CITY COUNCIL AGENDA ITEM: (1) Adoption of a Resolution of Intention to Approve a Contract Amendment between the Public Employees Retirement System (PERS) and the City of Culver City to Implement 2% at 60 and Three Year Final Compensation for New Hires in the Local Miscellaneous Plan (Culver City Management Group (CCMG) and Culver City Employees Association (CCEA)); and (2) Introduction of an Ordinance Authorizing said Contract Amendment. 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 Commission Action Required: Yes No X Dates: Public Notification: (E Mail) Agenda and Meetings City Council (10/05/11); Culver City Management Group (10/05/11); Culver City Employees Association (10/05/11) Department Approval: Serena Wright (10/04/11) Chief Financial Officer Approval: Jeff Muir (by M. Noller) (10/05/11) City Attorney Approval: Carol A. Schwab (by H. Baker) (10/05/11) City Manager Approval: John M. Nachbar (10/05/11) RECOMMENDATION: Staff recommends that the City Council: (1) adopt a Resolution of Intention to Approve a Contract Amendment between the Public Employees Retirement System (PERS) and the City of Culver City to implement 2% at 60 and Three Year Final Compensation for new hires in the Local Miscellaneous Plan (Culver City Management Group (CCMG) and Culver City Employees Association (CCEA)); and (2) introduce an Ordinance authorizing said contract amendment. ...
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