HomeMy WebLinkAboutMINUTES - 03012011 - SD.7RECOMMENDATION(S):
ACCEPT that this Board Order serves as written acknowledgment by the County Administrator (chief executive
office) that he understands the current and future cost of health benefit changes for the Contra Costa County
Defenders' Association and certain persons retired from classifications represented by the Association, as determined
by the County's actuary in the February 9, 2011 Actuarial Report (Attached).
FISCAL IMPACT:
As shown in the valuation, the result of the health plan changes described herein, if implemented, will create a $5.3
million or 0.51% decrease in the Actuarial Accrued Liability and a $341,000 or 0.55% decrease in the calculated
Annual Required Contribution.
BACKGROUND:
At its meeting on February 15, the Board of Supervisors accepted an actuarial valuation of future annual costs of
negotiated and proposed changes to Other Post Employment Benefits, as provided by Buck Consultants in a letter
dated February 9, 2011. The Board of Supervisors was informed
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD
COMMITTEE
Action of Board On: 03/01/2011 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYES 5 NOES ____
ABSENT ____ ABSTAIN ____
RECUSE ____
Contact: Lisa Driscoll, County Finance
Director, 335-1023
I hereby certify that this is a true and correct copy of an action taken and entered on
the minutes of the Board of Supervisors on the date shown.
ATTESTED: March 1, 2011
David J. Twa, County Administrator and Clerk of the Board of
Supervisors
By: June McHuen, Deputy
cc: Lisa Driscoll, County Finance Director, Ted Cwiek, Human Resources Director
SD. 7
To:Board of Supervisors
From:David Twa, County Administrator
Date:March 1, 2011
Contra
Costa
County
Subject:Government Code 7507 - Chief Executive Acknowledgement of Future Costs of Benefits - Public Defenders
BACKGROUND: (CONT'D)
that Government Code, Section 7507 requires with regard to local legislative boards, that the future costs of changes
in retirement benefits or other post employment benefits as determined by the actuary, shall be made public at a
public meeting at least two weeks prior to the adoption of any changes in public retirement plan benefits or other post
employment benefits. The February 9, 2011 report from Buck Consultants fulfilled that requirement.
Government Code, Section 7507 also requires that if the future costs (or savings) of the changes exceed one-half of 1
percent of the future annual costs of the existing benefits for the body, an actuary shall be present to provide
information as needed at the public meeting at which the adoption of a benefit change shall be considered.
And finally, Section 7507 requires that upon the adoption of any benefit change to which the section applies, the
person with responsibilities of a chief executive officer in an entity providing the benefit, however that person is
denominated, shall acknowledge in writing that he or she understands the current and future cost of the benefit as
determined by the actuary.
As the County Administrator (chief executive officer) and by approving this Board Order, I acknowledge in writing
that I understand the current and future cost of the benefit changes presented to you today, as determined by the
actuary and contained in the February 9, 2011 letter from Buck Consultants (County's actuary).
CONSEQUENCE OF NEGATIVE ACTION:
Delayed implementation of health care rate revisions.
CHILDREN'S IMPACT STATEMENT:
None.