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HomeMy WebLinkAboutMINUTES - 10132015 - D.9RECOMMENDATION(S): ADOPT Resolution No. 2015/391 making Government Code section 31870 (Two Percent Cost of Living Adjustment to Retirement Benefit) applicable to employees represented by the Probation Peace Officers' Association who become new members of the Contra Costa County Employee Retirement Association (CCCERA) in the Public Employee Pension Reform Act (PEPRA) Tier on or after January 1, 2016. FISCAL IMPACT: Implementation of a change in the Cost of Living Adjustment (COLA) to the pension benefit for employees represented by the Probation Peace Officers' Association, who become new members of CCCERA on or after January 1, 2016, in the PEPRA Tier, is intended to result in long term savings for both the employees and the County. BACKGROUND: In the Memorandum of Understanding tentatively agreed to by the Probation Peace Officers' Association on September 8, 2015, the parties agreed that employees represented by the Probation Peace Officers' Association who become new members of CCCERA in the PEPRA Tier, on or after January 1, 2016, will have up to a two percent APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 10/13/2015 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Candace Andersen, District II Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor ABSENT:Mary N. Piepho, District III Supervisor Contact: Lisa Driscoll, County Finance Director (925) 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: October 13, 2015 David Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: Harjit S. Nahal, Assistant County Auditor, Lisa Lopez, Assistant Director of Human Resources, Ann Elliott, Employee Benefits Manager D.9 To:Board of Supervisors From:David Twa, County Administrator Date:October 13, 2015 Contra Costa County Subject:Implementing Two Percent Cost of Living Adjustment to Retirement Benefit for Employees Represented by the Probation Peace Officers' Association BACKGROUND: (CONT'D) > banked COLA to their retirement benefit (Government Code, § 31870), rather than up to a three percent banked COLA (Government Code, § 31870.1) as applicable to some safety members of CCCERA. Consistent with the Memorandum of Understanding with the Probation Peace Officers' Association, Resolution 2015/391 will effect the change to the pension COLA for all future employees of the Probation Peace Officers' Association who become New Members of CCCERA in the PEPRA Tier on or after January 1, 2016. (Government Code, § 31483.) CONSEQUENCE OF NEGATIVE ACTION: Delay in implementation of newly negotiated two percent cost of living adjustment to retirement benefit. ATTACHMENTS Resolution No. 2015/391