HomeMy WebLinkAboutAgenda Statement 1976/08/24 Item 13 Item No. 13
August 24, 1976 ' CITY OF CHULA VISTA ITEM N0. � •" 13
� � � COUNCIL AGENDA STATEMENT 8/za/�b
FOR MEETING OF: �����
ITEM TiTLE Ordinance �i7o1 Approving the Amendment to Contract Between
the Board of Administration of the Public Employees� Retirement
System and the City Council of the City of Chula Vista - First reaaing
SUBMITTED BY� Director of Finance SECOND F3E4DING fiND AD02TION
ITEM EXPLANATION'
On July 20, 1976, the City Council approved Resolution of Intention
Number 8259 to amend the retirement contract to allow credit for
unused sick leave at retirement.
This is the benefit which allows the City to reduce its employer's
rate for miscellaneous employees from 9.46% to 8.18% for 1976-77.
It automatically changes our contract status from "Pooled" to "Un-
pooled" and is estimated to save the City of Chula Vista $43,150
over our present budgeted costs on an annual basis.
EXHIBITS ATTACHED
Agreement Resolution ' Ordinance XX Plot Other xx
Amendment to
Environmental Document: AtTached Submitted on Contract
STAFF RECOMMENDATION:
Place on First Reading
,, �, D
BOARD/COMMISSION RECOMMENDATION� � y �lR. � `
N/A �
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COUNCIL ACTION� ��' `�"" � ` �
��ula ` � �,'_.............:....
Placed on first reading August 17, 1976 p .?,..--
9ated....Q-�.......
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Form A—I13 (Ree 5—75I