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File #: ID-2018-590    Version: 1 Name:
Type: CC Resolution Status: Passed
File created: 10/15/2018 In control: City Council
On agenda: 10/30/2018 Final action: 10/30/2018
Title: Resolution Of Intention To Approve An Amendment To Contract Between The Board Of Administration California Public Employees' Retirement System And The City Council Of The City Of Emeryville. (Lisa Lopez)
Attachments: 1. Staff Report, 2. Resolution of Intention, 3. Exhibit A - Contract Amendment, 4. Certification of Governing Body's Action, 5. Certification of Compliance with Governement Code Section 7507, 6. Certification of Compliance with Governement Code Section 20516, 7. Certification of Employee Election, 8. APPROVED Resolution No. 18-155

Title

Resolution Of Intention To Approve An Amendment To Contract Between The Board Of Administration California Public Employees' Retirement System And The City Council Of The City Of Emeryville. (Lisa Lopez)

Recommended Action

Staff recommends that the City Council adopt the attached Resolution of Intention to approve an amendment to the contract between the Board of Administration, California Public Employees’ Retirement System and the City Council to the City of Emeryville, to increase the cost-sharing agreement between the City and the classic local Police Officer members, where they will be assessed an additional 1% (an increase to 5%) of their compensation for a total contribution rate of 14%.