2001 AGN OCT 02 I02 - Laserfiche WebLink

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CITY OF COLTON AGENDA REPORT FOR COUNCIL MEETING OF OCTOBER 2, 2001 Item #2 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Teresa S. Delgado, Human Resources Manager 1A SUBJECT: Amend Agency's Contract To Provide Fourth Level Of 1959 Survivor Benefits to Miscellaneous Members specifically General Unit And Mid -Manager Unit; Approve Resolution Of Intention and Waive First Reading and Pass First Reading of Applicable Ordinance DATE: September 24, 2001 BACKGROUND: Recently negotiated labor agreements allow modification of the Memoranda of Understanding for the General Unit and Mid -Manager Unit to provide CAPERS Fourth Level of 1959 Survivor Benefits for local miscellaneous employees. This program provides a higher level of benefits to survivors of a member who dies prior to retirement. ANALYSIS/DISCUSSION: Tonight's City Council action will initiate the process to amend the existing contract with the California Retirement System to provide Government Code Section 21574 (Fourth Level of 1959 Survivor Benefits) for local miscellaneous members, specifically eligible members of the General Unit and eligible members of the Mid -manager Unit. Government Code Section 7507 requires that the future annual costs of the proposed contract amendment be announced at a public meeting: "The employer normal costs rate for the Fourth Level of 1959 Survivor Benefits is $5.00 per month, per covered member. (Subject to annual change.) Agencies will be billed annually and payments may vary depending on the funding reserve level of the pool. In addition, members covered by the 1959 Survivor Benefits contribute $2.00 per month." Following the adoption of the Resolution of Intention, an election will be conducted to allow each current member to elect whether to be covered or not. Eligible members will receive a ballot along with a copy of a "Summary of Provisions Fourth Level of 1959 Survivor Benefits Government Code Section 21574." As directed, results of the election will be forwarded to the State agency. G\Teresa Delgado\Age Ug Rpt CeIPM 4N Level 1959 RrneR6d