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File #: ID-2018-637    Version: 1 Name:
Type: Ordinance Status: Consent Agenda
File created: 11/6/2018 In control: City Council
On agenda: 12/18/2018 Final action:
Title: Second Reading of an Ordinance of the City Council of the City of Emeryville Authorizing an Amendment to the Contract between the City of Emeryville and the Board of Administration of the California Public Employees Retirement System (CalPERS) With Respect to Public Safety Employees (Lisa Lopez)
Attachments: 1. Staff Report, 2. Draft Ordinance, 3. Contract, 4. ADOPTED Ordinance 18-006

Title

Second Reading of an Ordinance of the City Council of the City of Emeryville Authorizing an Amendment to the Contract between the City of Emeryville and the Board of Administration of the California Public Employees Retirement System (CalPERS) With Respect to Public Safety Employees (Lisa Lopez)

Recommended Action

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