For City Council Meeting November 15, 2022
TO: Honorable Mayor and City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Katherine Stevens, Finance Director
Title
Request City Council to Adopt Resolution No. 8000 for Paying and Reporting Employer Paid Member Contributions (EPMC).
Body
BACKGROUND
The City of Rialto has contracted with the Board of Administration of the California Public Employees' Retirement System (PERS) for pension benefits for City employees. Over time, certain benefits were modified pursuant to the various Memoranda of Understanding negotiated and approved by the City Council with the various bargaining units.
One of the benefits allowed by PERS and previously approved by the City Council is related to Employee Member Paid Contributions (EPMC) where the employee pays its normal contribution towards the City's pension cost, and the equivalent value is reported to PERS as earned compensation.
On November 24, 2009, the City Council adopted Resolution No. 5771 approving the paying and reporting the value of EPMC on behalf of employees within the Rialto Professional Firefighters Local 3688 bargaining unit in accordance with their Memorandum of Understanding (MOU).
On December 7, 2009, the City Council adopted Resolution No. 5784 approving the paying and reporting the value of EPMC on behalf of employees within the City Government Management Association (CGMA) and Fire Management bargaining units in accordance with their MOUs.
On February 23, 2010, the City Council adopted Resolution No. 5803 approving the paying and reporting the value of EPMC on behalf of employees within the Police Management Bargaining Unit in accordance with the MOU.
Prior to November 21, 2010, the pension benefit formula was 2% at 55 for employees considered Miscellaneous Members of PERS and 2% at 50 for employees considered Safety Members of PERS. After November 21, 2010, the pension benefit formula was changed to 2.7% at 55 for employees considered Miscellaneou...
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