Title
Staff Report to Waive First Reading and Introduce an Ordinance to Amend the Contract between the Board of Administration of the California Public Employees' Retirement System and the City of San Leandro to Include Provisions Pursuant to Government Code Section 20516 "Cost Sharing" for Classic Local Police Members in Accordance with the San Leandro Police Officers Association (SLPOA) Memorandum of Understanding
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council adopt an ordinance authorizing an amendment to the contract between the City of San Leandro and the Board of Administration of the California Public Employees' Retirement System (CalPERS) to allow employee cost sharing of the employer contribution rate.
BACKGROUND
On April 17, 2017, the City Council adopted a Resolution of Intention as part of the CalPERS process to amend the City's contract with CalPERS. Following the April 17th meeting, an employee election was held, as required by CalPERS, to approve the employee cost sharing of the City's required contribution and the vote was successfully passed by a majority of employees. The CalPERS process now requires an Ordinance be adopted by the City Council in order to complete the contract amendment.
DISCUSSION
In accordance with the MOU between the San Leandro Police Officers Associations (SLPOA) and the City of San Leandro, the employees agreed to the following cost-sharing schedule:
* Effective July 1, 2017, employees will pay an additional one percent (1%) towards the employer's pension contribution rate for a total employee contribution of 10%.
* Effective July 1, 2018, employees will pay an additional one percent (1%) towards the employer's pension contribution rate for a total employee contribution of 11%.
* Effective July 1, 2019, employees will pay an additional one percent (1%) towards the employer's pension contribution rate for a total employee contribution of 12%.
CalPERS requires that specific proc...
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