(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 3% at 55 Formula and Three Year Final Compensation for New Local Police Safety Members in the Police Officers Association (POA) and Police Management Group (PMG); and (2) Introduction of an Ordinance Authorizing said Contract Amendment. Item Number: A 2 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 3% at 55 Formula and Three Year Final Compensation for New Local Police Safety Members in the Police Officers Association (POA) and Police Management Group (PMG); 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 Police Officers Association and Police 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) (02/13/12) 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 3% at 55 Formula and Three Year Final Compensation for New Local Police Members in the Police Officers Association and Police Management Group (PMG); and (2) introduce an Ordinance authorizing said contract amendment. BACKGROUND: The City Council recently approved labor agreements with...
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