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HomeMy WebLinkAboutAgenda Statement 1981/12/22 Item 20COUNCIL AGENDA STATEMENT Item 20 ITEM TI Ordinance ~~~i~ Amending Sections 2.04.580 Municipal Code Relating to Compensation for Council and the Mayor SUBMITTE[) BY: City Attorney Meeting Date 12/22/81 and 2.04.590 of the Members of the City (4/5ths Vote: Yes x No ) In a cordance with the provisions of Sections 302 and 303 of the Char er of the City of Chula Vista, the City may, by ordinance, annu lly increase the salaries of Councilmembers and the Mayor in t e amount of five percent. RECOI~IMENDATION: Adopt the Ordinance on First Reading BOAR/COMMISSION RECOMMENDATION: N/A DISCVJSSION Each year in December, the Council is entitled to increase the salaries of C uncilmembers and the Mayor by the amount of five percent, which incr ase will take effect in the first pay period in January of the succ eding year. The five-percent increase as proposed in the ordi- anc will raise the Councilmembers salary from $471.41 to $494.98 ~er onth and the Mayor's salary from $1102.50 to $1157.63 per month. The ouncil is also entitled to participate in the City's deferred comp nsation program and members may defer federal and state income taxe on one-quarter of their salary and if they so choose, the amou t placed in the deferred compensation plan may be withdrawn from the program at any time after the member no longer serves on the ouncil, or said amount may be allowed to remain in the compen- sati n plan for an indefinite period. Coun ilmembers are also entitled to belong to the state employees reti ement system, PE RS, which would entitle them to a small retire- ment amount, after a minimum of five years of service, at age 55. Any Coun ilmember who is presently a member of either PE RS or the Cali- forn a Teachers Retirement System may not participate in PE RS as a memb r of the City Council. FISC L IMPACT: Appropriate $880 from unappropriated balance of General Fund to Council Salary Account 100-105-5101 ~.R.~......_~ /~ . qt _ _ . _ ...._.._ , ;. ~ , _y • ~ . ._ ~, GDL : gk Form A-1 3 (Rev. 11/79)