SR-602-003 (30)
f:\person:misc/council\council71epmc EAC Santa Monica, California
Council Meeting: May 25, 2005
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 for
employees of the Rent Control Board.
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 compensation
earnable, the monetary value of normal contributions paid by the City on behalf of each
employee, referred to as Employer Paid Member Contributions (EPMC). This provision
has been negotiated with various bargaining units. CalPERS requires the attached
resolution as a matter of record. The affected bargaining unit is the Employees Action
Committee of the Santa Monica Rent Control Board, which is covered by the City?s
contract with CalPERS.
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BUDGET/FINANCIAL IMPACT
The recommendation presented in this report does not have any budget or financial
impact as, per memoranda of understanding, the employees will reimburse the City 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
Attachment: See Adopted Resolution No. 10039 (CCS).
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