(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 Three Year Final Compensation for New Local Fire Members (Firefighters (FF) and Fire Management Group (FMG)); and (2) Introduction of an Ordinance Authorizing said Contract Amendment. Item Number: A 1 Meeting Date: 02/13/12 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 Three Year Final Compensation for New Local Fire Members (Firefighters (FF) and Fire Management Group (FMG)); and (2) Introduction of an Ordinance Authorizing said Contract Amendment. Contact Person/Dept.: Serena Wright Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Dates: Public Notification: (E Mail) Agenda and Meetings City Council (02/08/12); Culver City Firefighters and Fire Management Group (02/08/12) Department Approval: Serena Wright (02/08/12) Chief Financial Officer Approval: Jeff Muir (02/08/12) City Attorney Approval: Carol Schwab (by H. Baker) (02/08/12) City Manager Approval: John M. Nachbar (02/09/12) Phone Number: 310 253 5640 General Fund: Yes X No Attachments: X Action Item: X City of Culver City California Agenda Item Report 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 Three Year Final Compensation for new Local Fire Members Firefighters (FF) and the Fire Management Group (FMG); and (2) introduce an Ordinance authorizing said Contract Amendment. BACKGROUND: The City Council recently approved labor agreements with the Firefighters Group (FF) and Fire Management Group (FMG). In accordance with both labor agreements the City will create a second tier retirement formula for ...
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