R-9105
RESOLUTION NUMBER 9105 eCCS)
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA
AMENDING THE EXECUTIVE PAY PLAN
WHEREAS, the Executive Pay Plan resolution adopted by Resolution No. 8283
(CCS) has been in effect for five years and amended by Resolution No. 8470 (CCS),
Resolution No. 8835 (CCS) and Resolution No. 8978 ; and
WHEREAS, certain of its provisions require modification to update compensation
and other terms and conditions of employment;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1: The City Council does hereby modify the existing Executive Pay
plan resolution which defines the wages, benefits and conditions of employment of the
City's Department Heads and those members of the Executive Staff of the City
Manager's Office who choose to represent themselves individually under Ordinance
No. 801 (CCS).
SECTION 2: The Executive Pay Plan adopted by Resolution No. 8283 (CCS) is
readopted and incorporated herein by this reference, except as to Section B, Section
F and Section N, which are amended to read as follows, and the addition of Section
W (Deferred Compensation Plan) and Section X (Pension Plan) which follows
Section N:
B. July 1996 Wage Adjustments. Effective July 1, 1996, the E-step salaries
of the participants in the Executive Pay Plan shall be adjusted by two percent (2 %).
F. Additional Compensation. Each participant in the Executive Pay Plan shall
receive as additional compensation an amount equal to the maximum yearly amount
the participant may legally defer into a deferred compensation plan established
pursuant to Section 457 of the Internal Revenue Code of 1986, as amended, as of
July 1, 1991. This additional compensation shall be considered part of the
participant's base salary and shall be prorated and paid bi-weekly to the participant.
The participant shall be responsible to pay for any taxes due on this compensation
except that the City shall pay for any PERS contributions due on this compensation.
N. Management Incentive. For their normal duties and in recognition of the
unique responsibilities of their jobs, each participant in the Executive Pay Plan shall
receive 1 60 hours of management incentive per fiscal year. The management
incentive shall be paid to the employee upon termination of service or within 30 days
from the end of the fiscal year. The management incentive is payable at the
participant's salary rate in effect upon termination or on June 30 of that fiscal year,
as applicable.
For employees hired on or after July 1, 1991, the management incentive will be earned
on a quarterly basis, with one-quarter of the total allotment for the fiscal year accruing
as of the first day of each quarter of the fiscal year. For all other employees, the
management incentive shall accrue in total on the first day of the fiscal year.
The management incentive shall not accrue from one fiscal year to another. No
participant in the Executive Pay Plan shall be entitled to take management incentive
as leave.
W. Supplemental Retirement Plan. The City shall establish and maintain a
deferred compensation plan pursuant to the provisions of Section 457 of the Internal
Revenue Code of 1986, as amended. Each participant in the Executive Pay Plan, at
his or her sole discretion, may defer and have deposited into the City's deferred
compensation plan a portion of his or her compensation up to the maximum amount
permitted by law.
The City shall also establish and maintain a pension plan pursuant to the provisions of
Section 401 (a) of the Internal Revenue Code of 1986, as amended.
SECTION 3: This Resolution shall in effect as of July 1, 1996 and shall remain
in effect until modified by a future Resolution adopted by City Council.
SECTION 4: The City Clerk shall certify to the adoption of this resolution and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
lInt! <- v iCl}tUJxt?VC&
Marsha Jor1Eis Moutrie
City Attorney
(epp1996l
Adopted and approved this 26th of November, 1996.
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Mayor
I hereby certify that the foregoing Resolution 9105(CCS) was duly adopted at a meeting
of the City Council held on the 26th of November, 1996 by the following vote:
Ayes:
Councilmembers:
Abdo, Ebner, Genser, Greenberg, Holbrook
Noes:
Councilmembers:
None
Abstain:
Councilmembers:
None
Absent:
Councilmembers:
O'Connor, Rosenstein
ATTEST:
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City Clerk