Title:
Title
Ordinance Authorizing Amendment to the Contract between the City of Sacramento and the California Public Employees' Retirement System (Passed for Publication 10/16/2018; Published 10/19/2018)
End
FileID
File ID: 2018-01662
Location
Location: Citywide
Recommendation:
Recommendation
Adopt an Ordinance amending the contract between the City of Sacramento and the Board of Administration of the California Public Employees' Retirement System (PERS).
Contact: Samantha Wallace, Human Resources Manager, (916) 808-7657; Donna Azar, Administrative Analyst, (916) 808-1029, Department of Human Resources
Body
Presenter: Samantha Wallace (916) 808-7657, Human Resources Manager, Department of Human Resources
Attachments:
1-Description/Analysis
2-Ordinance
3-Exhibit A (PERS Amendment)
Description/Analysis
Issue Detail: The Public Employees' Pension Reform Act (PEPRA) of 2013 and related changes to the Public Employees Retirement Law (PERL) allow employers to negotiate various levels of cost-sharing with their employee unions whereby the employees agree to share in the cost of the required employer contribution to PERS. These cost-share amounts are paid in addition to the required member contribution rate. The proposed ordinance allows for the entire amount contributed, including the amount paid for cost-sharing by the employee to be credited to the employee's account. The collective bargaining agreements specify, as required by the PERL, the exact percentage of member compensation that shall be paid by the member toward the current service cost of the benefits. Cost sharing contributions are those over and above normal contributions otherwise required but are treated as normal contributions.
The City of Sacramento entered into agreements with all three bargaining units represented by Stationary Engineers, Local 39 (Local 39); the Auto, Marine, and Special Painters (Local 1176), and the Western Council of Engineers (WCE) establishing a PERS ...
Click here for full text