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HomeMy WebLinkAboutE-05 - Resolution No. 2016-25, PERS Member ContributionCONSENT ITEM E-5 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL VIA: TROY L. BUTZLAFF, ICMA-CM, CITY MANAGER FROM: AMELIA AYALA, DIRECTOR OF HUMAN RESOURCES & RISK MANAGEMENT DATE: MARCH 21, 2016 SUBJECT: ADOPT RESOLUTION NO. 2016-C25 ESTABLISHING THE EMPLOYEE PAID MEMBER CONTRIBUTION UNDER THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (PERS) FOR THE AZUSA CITY EMPLOYEES ASSOCIATION (ACEA) MEMBERS SUMMARY: Through recent negotiations, the Azusa City Employees Association (ACEA) has agreed to have all their members contribute an additional two (2%) percent towards the employee share of their pension benefit. This action approves a resolution establishing the Employee Paid Member Contribution under the California Public Employees’ Retirement System for ACEA members. RECOMMENDATION: Staff recommends that the City Council take the following action: 1)Adopt Resolution No. 2016-C25 establishing the Employee Paid Member Contribution under the California Public Employees’ Retirement System for the Azusa City Employees Association (ACEA) members. DISCUSSION: Effective March 21, 2016, all ACEA members will contribute an additional 2% towards the employer’s share of their pension contribution. APPROVED COUNCIL MEETING 3/21/2016 Resolution Establishing Employee Paid Member Contribution (ACEA) March 21, 2016 Page 2 FISCAL IMPACT: Estimated savings from ACEA members paying towards their retirement benefits over the term of the MOU are as follows: Fiscal Year 2015-16 $23,055; Fiscal Year 2016-17 $81,435; and Fiscal Year 2017-18 $83,690. Prepared by: Reviewed and Approved: Amelia Ayala Louie F. Lacasella Director of Human Resources & Risk Management Management Analyst Reviewed and Approved: Troy L. Butzlaff, ICMA-CM City Manager Attachments: 1) Resolution No. 2016-C25 ATTACHMENT 1 RESOLUTION NO. 2016-C25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ESTABLISHING THE EMPLOYEE PAID MEMBER CONTRIBUTION UNDER THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM FOR THE AZUSA CITY EMPLOYEES ASSOCIATION (ACEA) WHEREAS, effective March 21, 2016, all members (Azusa City Employees Association members) will contribute an additional 2% towards the employer’s share of PERS contribution, 7% cumulatively. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Azusa does hereby find, determine and declare as follows: SECTION 1. That the City Council adopts the Resolution establishing the employee paid member contribution under the California Public Employees’ Retirement System for Azusa City Employees Association (ACEA). SECTION 2. That a copy of this Resolution shall be provided to the Azusa City Employees Association (ACEA). PASSED, APPROVED and ADOPTED this 21st day of March, 2016. ___________________________________ Joseph Romero Rocha Mayor ATTEST: ___________________________________ Jeffrey L. Cornejo, Jr. City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF AZUSA ) I HEREBY CERTIFY that the foregoing Resolution No. 2016-CXX was duly adopted by the City Council of the City of Azusa at a regular meeting thereof, held on the 21st day of March, 2016, by the following vote of Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: ___________________________________ Jeffrey L. Cornejo, Jr., City Clerk APPROVED AS TO FORM: ___________________________________ Best Best & Krieger, LLP City Attorney