2003 AGN JUN 03 I18 - Laserfiche WebLink

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Item #18 CITY OF COLTON AGENDA REPORT FOR THE COUNCIL MEETING OF JUNE 3, 2003 TO: HON. MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Teresa S. Delgado, Human Resources Manager * SUBJECT: Costs Related to Retirement Opportunity and Establishing Period of Time Golden Handshake - Safety Members and Miscellaneous Members DATE: May 27, 2003 BACKGROUND: Effective June 6, 2001, the City's contract with the California Public Employees' Retirement System (CalPERS) was amended to allow two years of additional service credit (Golden Handshake) to local miscellaneous members only. The same contract will be amended effective June 6, 2003, allowing the City to provide the golden handshake (two years of additional service credit) to eligible Safety Members ANALYSIS/DISCUSSION: In continuing the restructure of the City's work force, City Council directed City Staff to offer additional service credit, better known as the Golden Handshake, to eligible employees, specifically, Miscellaneous Members and Safety Members, pursuant to Government Code Section 20903 and 7507, as follows: MISCELLANEOUS MEMBERS: (Two) Water Distribution Operator III Position - Water/Wastewater Utilities Department Utilities Plans Examiner Position - Water/Wastewater Utilities Department Electric Engineering & Power Resources Manager Position - Electric Utility Department Energy Services Specialist Position - Electric Department Sub -Station Superintendent Position - Electric Department Meter Operations Supervisor Position - Electric Utility Department Risk Manager - Finance Department Animal Control Officer - (non -sworn) Police Department SAFETY MEMBERS (Five) Detective Position - Police Department (Four) Police Officer/Patrol Officer - Police Department The time period during which the eligible members must retire to receive the additional service credit will be from June 18. 2003 to December 13. 2003.