2005 AGN MAR 01 I03 - Laserfiche WebLink

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CITY OF COLTON AGENDA REPORT FOR COUNCIL MEETING OF MARCH 1, 2005 Item #3 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Anthony Arroyo, Human Resources Manager el SUBJECT: Amend Agency's Contract To Provide Fourth Level Of 1959 Survivor Benefits to Police Safety Members specifically; Approve Resolution Of Intention and Waive First Reading and Pass First Reading of Applicable Ordinance DATE: February 3, 2005 BACKGROUND: In the 2003 Police Officers Association (POA) negotiations, it was agreed the city would provide CaIPERS Fourth Level of 1959 Survivor Benefits for police safety members. This program provides a higher level of benefits to survivors of a member who dies prior to retirement. At the conclusion of the 2003 POA negotiations, Human Resources Staff never did follow up with CaIPERS to initiate the 1959 Survivor Benefit. 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 police safety members. 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 $5.10 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. ENVIRONMENTAL IMPACT: This subject does not carry environmental impact. FISCAL IMPACT: There are 68 eligible Police Safety Members. The Police Department will pay $5. 10 per month per covered member from four of the department's applicable Salary Related Benefits account numbers: 100-6070-6071-1100, 100-6070-6072-1100, 100-6070-6073-1100, 100-6070-6074- 1100. U,Ag� Rep�cnda Rcp� �A 1959 S�vor �&.�