SR-112696-12B
128
PE epp1996 stfrpt bancroft.pms
Council Meeting November 26, 1996
Santa MOnica, California
NOV 2 6 1996
TO Mayor and City Council
FROM City Staff
SU BJ ECT Executive Pay Plan Resolution
INTRODUCTION
This report requests that Council adopt the attached Resolution amending the
Executive Pay Plan
BACKGROUND
City Department Heads, the executive staff of the City Manager's Office and the City
Clerk are not represented by bargaining Units. The salary and benefit package IS
established by resolution The attached resolution provides for a cost of liVing
adjustment for FY96-97 and brings the management leave and deferred compensation
sections of the Executive Pay Plan Into compliance With the regulations of the Public
Employees' Retirement System (PERS)
BUDGET/FINANCIAL IMPACT
Funds are already Included In the budget for FY96-97 to cover any costs associated
With thiS agreement
iVze
RECOMMENDA TION
It IS recommended that Council adopt the attached resolution amending the ExecutIve
Pay Plan
Prepared By
Attachment:
Karen Bancroft, Director of Personnel
Resolution amending Santa MOnica Executive Pay Plan
'.c~1996 .-'rpl"
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RESOLUTION NUMBER 9105 (CCS)
(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 Resolut:on No. 8283
(CCS) has been In effect for five years and amended by ResolutIOn No 8470 (CCS),
Resolution No 8835 (eeS) 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 eCCS) IS
readopted and Incorporated herein by this reference, except as to Section S, 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 AdJustm~nts. 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 ComDensatlon. 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 bl-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 recogmtlon of the
unique responsibilities of their Jobs, each participant In the Executive Pay Plan shall
receive 160 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, 1 991 , 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 Suoolemental 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 remam
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.
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Marsha Jones Moutne
City Attorney
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Adopted and approved thiS 26th of November. 1996
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Mayor
I hereby certIfy that the foregomg ResolutIon 9105(CCS) was duly adopted at a meetmg
of the Cny CounClI held on the 26th of Kovember. 1996 by the follO\\'lng vote
Aves
Councllmembers
Abdo. Ebner. Genser, Greenberg. Holbrook
?\oes
CouncIlmembers
None
Abstam
CounCllmembers
None
'\bsent
Councllmembers
0' Connor. Rosenstem
ATTEST
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City Clerk