HomeMy WebLinkAboutMINUTES - 07082014 - C.131RECOMMENDATION(S):
ADOPT Resolution No. 2014/240 as approved by the Retirement Board, which establishes the Rodeo-Hercules Fire
Protection District retirement plan contribution rates effective July 1, 2014 through June 30, 2015.
FISCAL IMPACT:
None. The action restates the UAAL contribution requirement for the 2014/15 fiscal year for Safety members as a
monthly dollar amount rather than a rate of payroll.
BACKGROUND:
Each year, the Retirement Board establishes contribution rates for employee retirement plans based on an annual
actuarial valuation study. At its June 25, 2014 meeting, the Retirement Board granted the District’s request to restate
its UAAL contribution requirement for the upcoming fiscal year for its Safety members as a monthly dollar amount
rather than a rate of payroll. The Board also reviewed and accepted the actuary’s calculation of the contribution
requirement, which will become effective on July 1, 2014. A copy of the Board memorandum is available from
CCCERA upon request. Exhibit A lists rates to be used effective July 1, 2014 through June 30, 2015.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 07/08/2014 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor
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: July 8, 2014
David Twa, County Administrator and Clerk of the Board of Supervisors
By: Chris Heck, Deputy
cc: Robert Campbell, Auditor-Controller, Kurt Schneider, Deputy Chief Executive Officer
C.131
To:Board of Supervisors
From:David Twa, County Administrator
Date:July 8, 2014
Contra
Costa
County
Subject:EMPLOYEE RETIREMENT PLAN CONTRIBUTION RATES FOR FISCAL YEAR 2014/2015 FOR
RODEO-HERCULES FIRE PROTECTION DISTRICT
BACKGROUND: (CONT'D)
Please note that the rates listed in Exhibit A are effective July 1, 2014 though June 30, 2015; are before any
employer subvention of the employee contribution; are the employer required rates without taking into
consideration any employer subvention of employee contributions; and are before any increase in employee rate
to pay a portion of the employer contribution. If an employee’s rate needs to be increased to pay a portion of the
employer contribution, both employee and employer rates would need to be adjusted accordingly.
CONSEQUENCE OF NEGATIVE ACTION:
Rates will not reflect those adopted by the Contra Costa County Employees Retirement Board.
ATTACHMENTS
Resolution No. 2014/240
Exhibit A