SR-602-003 (23)
f:\person:misc/council\council66epmc Santa Monica, California
Council Meeting: March 9, 2004
TO: Mayor and City Council
FROM: City Staff
SUBJECT: Resolution for Paying and Reporting the Value of Employer Paid Member
Contributions to the California Public Employees? Retirement System
INTRODUCTION
This report requests that Council adopt the attached resolution to report the value of
Employer Paid Member Contributions (EPMC) to the California Public Employees?
Retirement System, as allowed by Government Code Section 20636(c)(4) pursuant to
Section 20691. The attached resolution complies with the procedure required by
CalPERS.
DISCUSSION
The City of Santa Monica contracts with CalPERS to provide retirement plans for
permanent employees. Government Code Section 20636(c)(4), pursuant to
Section 20691, allows the City of Santa Monica to report to CalPERS, as qualified
compensation, the monetary value of normal employee contributions (7%) paid by the
City on behalf of each employee [referred to as Employer Paid Member Contributions
(EPMC)]. This provision would allow employees to have a higher level of compensation
reported to CalPERS for retirement purposes. This provision has been negotiated with
various bargaining units and has been implemented subsequent to Council approval.
CalPERS requires that the attached resolution be adopted in order to implement this
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benefit. The affected miscellaneous employees bargaining unit is the Public Attorneys?
Legal Support Staff Union. In order to be in compliance with the negotiated agreement
as soon as possible, the Resolution reflects an effective date of December 28, 2003.
BUDGET AND FINANCIAL IMPACT
There is no fiscal impact from adoption of this resolution. By memorandum of
understanding, employees bear the cost of this benefit.
RECOMMENDATION
City Staff recommends that the City Council adopt the attached resolution.
Prepared By: Karen Bancroft, Director of Human Resources
Attachments: Resolution
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