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CC - Receipt and Filing of the Information Related to the City's Intention to Provide Additional Service Credit for Local Miscellaneous Members of the California Public Employees Retirement System
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Meeting Date: November 28, 2016
Contact Person/Dept: Serena Wright-Black/Administrative Services Department
Phone Number: (310) 253-5640
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [] Attachments: []
Commission Action Required: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (); Culver City Employees Association (11/22/16)
Department Approval: Serena Wright-Black, Director of Administrative Services (11/16/16)
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RECOMMENDATION
Staff recommends the City Council receive and file information related to the City's intention to provide additional service credit for Local Miscellaneous Members of the California Public Employees Retirement System.
BACKGROUND
On October 10, 2016 City Council adopted a resolution approving a side letter agreement with the Culver City Employees Association (CCEA) pertaining to consolidation of emergency dispatch services. One aspect of the negotiated agreement is to provide an early retirement incentive, consisting of two years of additional service credit, to effected eligible employees within the classification of Safety Services Communications Operator.
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, t...
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