Title
Staff Report for (1) a City of San Leandro City Council Resolution of Intention to Approve an Amendment to the Contract Between the Board of Administration of the California Public Employees' Retirement System (CalPERS) and the City of San Leandro to Include Provisions Pursuant to Government Code section 20516 "Cost Sharing" for the Executive Management Group in Accordance with the Approved City Manager Employment Agreement and the Local Police Members in Accordance with the San Leandro Police Officers' Association (SLPOA) Memorandum of Understanding; (2) First Reading of 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 Provide Section 20516 (1% Employee Cost Sharing) for Executive Management Group in Accordance with the Approved City Manager Employment Agreement and for 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 a Resolution of Intention and first reading of an Ordinance to approve an amendment to the City's contract with the California Public Employees' Retirement System (CalPERS) to increase the employee cost sharing of the employer contribution rate for the Executive Management Group and the San Leandro Police Officers Association (SLPOA).
BACKGROUND
Per the San Leandro Police Officers' Association (SLPOA) Memorandum of Understanding (MOU) for the period of January 1, 2016 through December 31, 2019, SLPOA Classic 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 rat...
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