Loading...
HomeMy WebLinkAboutE-08 Staff Report - Increased PERS for AMMACONSENT ITEM E-8 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: FEBRUARY 1, 2016 SUBJECT: ADOPT RESOLUTION NO. 2016-C16 ESTABLISHING THE EMPLOYEE PAID MEMBER CONTRIBUTION UNDER THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (PERS) FOR THE AZUSA MIDDLE MANAGEMENT ASSOCIATION (AMMA) MEMBERS SUMMARY: Through recent negotiations, the Azusa Middle Management Association (AMMA) 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 APOA members. RECOMMENDATION: Staff recommends that the City Council take the following action: 1)Adopt Resolution No. 2016-C16 establishing the Employee Paid Member Contribution under the California Public Employees’ Retirement System for the Azusa Middle Management Association (AMMA) members. DISCUSSION: Effective February 1, 2016, all AMMA members will contribute an additional 2% towards the employer’s share of their pension contribution. APPROVED COUNCIL MEETING 02/01/2016 Resolution Establishing Employee Paid Member Contribution (AMMA) February 1, 2016 Page 2 FISCAL IMPACT: Estimated savings from AMMA members paying towards their retirement benefits over the term of the MOU are as follows: Fiscal Year 2015-16 $15,915; Fiscal Year 2016-17 $43,300; and Fiscal Year 2017-18 $43,700. Prepared by: Prepared by: Amelia Ayala Susan Paragas Director of Human Resources & Risk Management Director of Finance Reviewed and Approved: Reviewed and Approved: Louie F. Lacasella Troy L. Butzlaff, ICMA-CM Management Analyst City Manager Attachments: 1. Resolution No. 2016-C16 ATTACHMENT 1 RESOLUTION NO. 2016-C16 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 MIDDLE MANAGEMENT ASSOCIATION (AMMA) WHEREAS, effective February 1, 2016, all members (Azusa Middle Management 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 the Azusa Middle Management Association (AMMA). SECTION 2. That a copy of this Resolution shall be provided to the Azusa Middle Management Association (AMMA). PASSED, APPROVED and ADOPTED this 1st day of February, 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-C16 was duly adopted by the City Council of the City of Azusa at a regular meeting thereof, held on the 1st day of February, 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