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HomeMy WebLinkAboutcc min 1979/03/29 MINUTBS OF AN ADJOURNED REGULAR MEETING OF THE CITY COUNCIL OF CHULA VISTA, CALIFORNIA Held Thursday - 4:00 p.m. March 29, 1979 An adjourned regular meeting of the City Council of Chula Vista, California, was held on the above date beginning at 4:00 p.m. in the Council Conference Room, City Hall, 276 Fourth Avenue. ROLL CALL Councilmen present: Mayor Hyde, Councilmen Cox, Egdahl, Gillow, Scott Councilmen absent: None Staff present: City Manager Cole, Assistant City Manager Asmus, Deputy City Manager Robens, Police Chief Winters, Director of Policy Analysis & Program Evaluation Wittenberg Executive Session It was moved by Mayor Hyde, seconded by Councilman Scott and unanimously carried that the Council recess to Executive Session to discuss employee negotiations. The meeting reconvened at 4:22 p.m. 1. CONSIDERATION OF ACTUARIAL City Manager Cole explained that in the Memoranda Of Under- STUDY OF PUBLIC SAFETY standing with the Public Safety Employee Associations, the RETIREMENT City agreed to make a study of the "2% at B0" plan. Because of its technical nature, a'consUlting firm was hired to do the study. Mr. Robert Drisko from the firm of Coates, Herfurth and England, San F~a~lcis...co, wtio ~p~epared the study, is here today to discuss his findings, Robert Drisko After an introduction by Mr. Wittenberg, Mr. Drisko explained Consultant in detail the actuarial evaluation of the retirement program the present City ~ at SS program as well as the 2% at SO - for both the Police and Fire Employees Associations as of July 1, 1978. Mr. Drisko noted that the scope of the assign- ment included a review of the fiscal "soundness" of the City': Police and Fire retirement system as it exists under the State Public Employees' Retirement System (PERS). PERS funding method Mr. Drisko remarked that his firm generally agreed with and used the PERS actuarial methods in its calculations, e.g. "Entry Age Normal Cost" funding method with any supplemental liability being amortized over the period of years to the year 2000. The primary conclusion of the study is that local five (S) year actuarial experience differs significantly from the statewide average PERS uses. The number of local safety employees withdrawing from the system (turnover) is 42% lower than expected. The experience of Duty Disability Retirement is 83% higher than average. Both of these factors will ultimately lead to higher City contribution rates. Differential Costs The difference in costs between the City's present program and the optional program comes to about 8-3/4% under salaries of the Police and Fire members. The dollar costs will increase each year in the future -- for both programs. Mr. Drisko detailed the percentages and costs as they relate to increased salaries, retirements and duty disabilities. AB 3618 and AB 1901 Mr. Drisko then explained AB 3618 which permits employers to reduce members' contributions hy an amount which does not exceed one-half of the normal member contributions, and AB 1901 which permits the sharing of employer cost increases by members if benefit levels are increased. Held Thursday - 4:00 p.m. _ 2 - March 29, 1979 Estimated cost figures A projectbn of estimated annual contributions summary was submitted to the Council during which Mr. Drisko answered questions and detailed an explanation of the projected fig- ures. He noted Paragraph "~' which assumes a salary increase of 6% per year including a 2% growth factor which showed that in 1978, the City's annual contribution rate is 12.94% costing $399,000 (for both Police and Fire) for the 50% pay at age 55. Going to the optional plan, 2%/year at age 50, the rate would 5e 21.69% for the City with an annual con- tribution of $669,000. Tom Stille Officer Stille said he had no additional questions to ask Police Officers Association other than those covered by the City Council; but requested permission to make a presentation. Mayor Hyde commented that the Conference today was to hear just the consultant's presentation of the Study. Don Byrum Mr. Byrum said he understood that once the City gets into Firefighters Association the Actuarial, the current percentage rate will not change unless there is an actual change in the average rate. He added that he talked to Mr. Fitzgerald at the PERS office and was informed that there has been only one raise in the contribution rate of 3%, and that has been absorbed at 1% a year. Mr. Drisko remarked that this 3% was a large raise and it was subsequently spread over a three-year period of tlme. The rates are going to differ -- either higher or lower -- but the actual, contribution rate depends on (1) what has happened alreaay in the City's system, and (2) what PERS will anticipate will happen. Percentage rates In answer to Mr. Byrum~s statement that the report's 1973-81 projected percentage rate remains the same from 1973 to lg81, Mr. Drisko explained that the first year, the added salary increases were reflected. His firm had nothing at all to judge what was going to take place in each of the contribution rates in the next four years; therefore, the only thing sho~ in the chart is the change in the dollar DiscuSsion Mr. Drisko further answered questions from Mr. Byrum, Chief Winters and the City Council as to the various aspects of the Study and the conclusions reached by the consultant. (Councilman Cox left the meeting at 5:10 p.m.) Mayor Hyde thanked Mr. Drisko for the presentation. (A copy of the Actuarial Evaluation Study is on record at the City Clerk's office). ~ 2. CITY MANAGER'S REPORT City Manager Cole stated that a flooding condition, caused by the last rains, was "very close." At the last reading, there was 1200 cubic feet per second going over the south spill-way of the dam. 3. MAYOR'S REPORT None. 4. COUNCIL COMMENTS None. 5. ADJOURN~NT Mayor Hyde adjourned the meeting at 5:40 p.m. to the meeting scheduled for Tuesday, April 3~ lg79 at 7:00 p.m. CITY CL~K