Laserfiche WebLink
REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />APRIL 18, 2011 <br />TITLE: <br />ADOPT A RESOLUTION AUTHORIZING THE <br />IMPLEMENTATION OF A PARS TRUST PLAN FOR <br />AFFECTED FORMER POA MEMBERS <br />1 <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />? As Recommended <br />? As Amended <br />? Ordinance on 1s` Reading <br />? Ordinance on 2"d Reading <br />? Implementing Resolution <br />? Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />1. Adopt a resolution authorizing the implementation of a Public Agency Retirement Services <br />("PARS") Supplementary Retirement Plan for twenty-five (25) POA retirees and <br />designating PARS as the administrator of the Supplemental Plan and transferring funds to <br />establish the Trust required under the Plan; <br />2. Authorize the City Manager and Clerk of the Council to execute the attached agreement <br />with PARS to establish and administer the Plan for a period of five years with provision for <br />year-to-year extensions, contingent upon Council approval, and to execute any other <br />documents required to establish the trust and implement the Plan; <br />3. Appoint the Executive Director of Personnel Services, or her designee, as the City's Plan <br />Administrator for the Plan, authorized to implement the Plan and to take additional actions <br />as necessary to maintain the City's participation in the Plan, maintain compliance with any <br />regulations regarding the Plan, and to administer the PARS Trust Supplementary <br />Retirement Plan for said twenty-five (25) POA retirees, on behalf of the City. <br />DISCUSSION <br />In the Contract Extension to the Memorandum of Understanding between the City and the Santa <br />Ana Police Officers Association (POA) for fiscal year 2010-2011, the POA agreed to defer salary <br />increases scheduled for July 1, 2009 and January 1, 2010, which resulted in significant savings <br />to the City. However, it was agreed that members of the Association anticipated to retire during <br />the term of the Extension would receive the salary increases per the original schedule and, in <br />exchange, would participate in an unpaid furlough program equated to the monetary value of the <br />increases they received. In August 2010, the City and the POA reached tentative agreement on <br />another contract extension, which also deferred salary increases except to those employees with <br />55B-1