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HomeMy WebLinkAboutReso 2010-238RESOLUTION NO. 2010-238 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING PENSION REFORM, WHICH REFORM SHALL REQUIRE THE MAYOR, COUNCILMEMBERS, THE CITY MANAGER, THE CITY ATTORNEY, THE CITY CLERK, AND EMPLOYEES IN THE EXECUTIVE, SENIOR MANAGER, MID-MANAGER UNCLASSIFIED, MID-MANAGER CONFIDENTIAL, PROFESSIONAL UNCLASSIFIED, PROFESSIONAL CONFIDENTIAL AND CONFIDENTIAL EMPLOYEE GROUPS TO MAKE CONTRIBUTIONS, WHICH WILL BE APPLIED TO THE CITY'S CONTRIBUTION TO CALPERS FOR OPTIONAL BENEFITS, TO SHARE PENSION COSTS WITH THE CITY; DIRECTING THE CITY MANAGER TO ESTABLISH A SECOND TIER CALPERS RETIREMENT PLAN FOR THE MAYOR, COUNCILMEMBERS, THE CITY MANAGER, THE CITY ATTORNEY, THE CITY CLERK, AS THEY ARE NEWLY ELECTED OR APPOINTED, AND NEW EMPLOYEES IN THE AFOREMENTIONED EMPLOYEE GROUPS; AND PROVIDING AUTHORIZATION TO THE CITY MANAGER TO TAKE ALL NECESSARY ACTIONS TO EFFECTUATE PENSION REFORMS STATED HEREIN WHEREAS, a significant budget shortfall for the 2011/2012 Fiscal Year for the City of Chula Vista exists, specifically a 12.5 million dollar deficit (which may grow lazger), and afive- year forecast which shows that budget deficits for upcoming Fiscal Years will likely continue; and WHEREAS, the City currently bears the full costs of funding the City employees' Ca1PERS Retirement Plan, including making "employee contributions" to Ca1PERS in the statutory amounts of eight percent (8%) for employees in the "miscellaneous" Ca1PERS member category and nine percent (9%) for employees in the "local police" 'and "local firefighter" Ca1PERS member categories; and WHEREAS, pension reform, including the requirement that employees share in the costs of their pension and the adoption of a Second Tier Ca1PERS Retirement Plan for new City employees, would assist the City in its effort to reduce the budget shortfall and would promote the long term sustainability of pension benefits and the City desires to implement such pension reform; and WHEREAS, the City would benefit by creating a Second Tier Ca1PERS Retirement Plan for the Mayor, Councilmembers, the City Manager, the City Attorney, the City Clerk, as they aze newly elected or appointed, and new employees in the Executive, Senior Manager, Mid-Manager Unclassified, Mid-Manager Confidential, Professional Unclassified, Professional Confidential, and Confidential employee groups by reducing the City's cost to fund the retirement plan for those new employees, which, in turn promotes the City's fiscal ability to fund the retirement plan for all employees and to provide services to the public; and Resolution No. 2010-238 Page 2 WHEREAS, the Mayor, Councilmembers, the City Manager, the City Attorney, the City Clerk, and employees in Executive, Senior Manager, Mid-Manager Unclassified, Mid-Manager Confidential, Professional Unclassified, Professional Confidential, and Confidential employee groups, recognizing the City's dire fiscal situation and showing a willingness to assist in the solution of the City's budget shortfall, have expressed an agreement to share in the costs of their pension by making contributions, which will be applied to the City's contributions to CaIPERS for optional benefits, in the amounts of eight percent (8%) for employees in the "miscellaneous" Ca1PERS member category and nine percent (9%) for employees in the "local police" and "local firefighter" CaIPERS member categories, effective January 14, 2011, and the City wishes to implement that agreement; and WHEREAS, the pension cost shazing by the Mayor, Councilmembers, the City Manager, the City Attorney, the City Clerk, employees in the Executive, Senior Manager, Mid-Manager Unclassified, Mid-Manager Confidential, Professional Unclassified, Professional Confidential, and Confidential Employee Groups will save the City approximately $426,140 in the current Fiscal Yeaz, $852,280 in Fiscal Yeaz 2011/2012, and such savings will continue into the future. NOW, THEREFORE, BE IT RESOLVED that: 1. The Mayor, Councilmembers, the City Manager, the City Attorney, the City Clerk and employees in the Executive, Senior Manager, Mid-Manager Unclassified, Mid-Manager Confidential, Professional Unclassified, Professional Confidential, and Confidential employee groups shall make contributions toward sharing in the costs of their Ca1PERS Retirement Plan as follows: a. The aforementioned employees shall make contributions, which will be applied to the City's contribution to Ca1PERS for optional benefits, in the amounts of eight percent (8%) for employees in the "miscellaneous" CaIPERS member category and nine percent (9%) for employees in the "local police" and "local firefighters" Ca1PERS member categories, effective January 14, 2011; and b. The aforementioned contributions will be made on a pre-tax basis, to the extent permitted by the Internal Revenue Code, but the employee will remain ultimately and solely responsible for any tax consequences of such contributions. 2. A Second Tier Ca1PERS Retirement Plan shall be established for the Mayor, Councilmembers, the City Manager, the City Attorney, the City Clerk, as they are newly elected or appointed, and new employees in the Executive, Senior Manager, Mid-Manager Unclassified, Mid-Manager Confidential, Professional Unclassified, Professional Confidential, and Confidential employee groups, which shall encompass the following: a. The current Ca1PERS Retirement Plan benefits for the aforementioned employees in the "miscellaneous" Ca1PERS member category shall be amended to require (1) a two percent (2%) @ 60 calculation; (2) that the employees make one hundred percent (100%) of the statutory employee contribution to Ca1PERS, currently eight percent (8%); (3) that there be no final year concession of said payments to compensation for CalPERS benefit calculation purposes; (4) the use of average highest three years calculation; and (5) the City will no longer provide for subsidized retiree health care rates by offering a blended health Gaze rate for employees hired under the Second Tier Ca1PERS Retirement Plan; and Resolution No. 2010-238 Page 3 b. The current Ca1PERS Retirement Plan benefits for the aforementioned employees in the "local police" and "local fire" Ca1PERS member categories shall be amended to require (1) a two percent (2%) @ 50 calculation; (2) that the employees make one hundred percent (] 00%) of the statutory employee contribution to Ca1PERS, currently nine percent (9%); (3) no final year concession of said payments to compensation for Ca1PERS benefit calculation purposes; (4) the use of average highest three yeazs calculation; and (5) the City will no longer provide for subsidized retiree health care rates by offering a blended health care rate for employees hired under the Second Tier Ca1PERS Retirement Plan; and c. For the aforementioned employees in the "miscellaneous" Ca1PERS member category, the Second Tier Ca1PERS Retirement Plan will be effective at the earliest possible date after mutual agreement to the Second Tier CalPERS Retirement Plan by all the Bargaining Units representing employees in the "miscellaneous" Ca1PERS member category or after utilization and completion of the impasse procedures stated in the City's Employee Relations Policy with those Bargaining Units; and d. For the aforementioned employees in the "local police" Ca1PERS member category, the Second Tier Ca1PERS Retirement Plan will be effective at the earliest possible date after mutual agreement to the Second Tier CaIPERS Retirement Plan by the Bargaining Unit representing employees in the "local police" Ca1PERS member category or after utilization and completion of the impasse procedures stated in the City's Employee Relations Policy with the Bargaining Unit; and e. For the aforementioned employees in the "local firefighters" CaIPERS member category, the Second Tier CaIPERS Retirement Plan will be effective at the earliest possible date after mutual agreement to the Second Tier Ca1PERS Retirement Plan by the Bargaining Unit representing employees in the "local firefighter" Ca1PERS member category or after utilization and completion of the impasse procedures stated in the City's Employee Relations Policy with the Bargaining Unit. 3. The City Manager is directed and authorized to take all necessary actions to effectuate the Pension Reforms set forth in this Resolution. Resolution No. 2010-238 Page 4 Presented by Ke eyBcn Director of Human Resources Approved as to form by Bart City PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 5th day of October 2010 by the following vote: AYES: Councilmembers: Bensoussan, McCann, Ramirez and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: Castaneda l~ u Cheryl Cox, M or ATTEST: ~.( ~ /I~UlA" Donna R. Noms, M ,City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2010-238 was duly passed, approved, and adopted by the City Council at a regulaz meeting of the Chula Vista City Council held on the 5th day of October 2010. Executed this 5th day of October 2010. ~~i o Donna R. Norris, CMC, ity Clerk