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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />April 16, 2007 <br />TITLE: <br />AMEND THE CITY'S CONTRACT <br />WITH THE PUBLIC EMPLOYEES' <br />RETIREMENT SYSTEM FOR <br />CREDIT FOR USED ICK LEAVE <br />CITY MAN GER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONL,' ,. <br />155 <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Adopt a Resolution of Intention to approve an amendment to the <br />contract between the Public Employees' Retirement System and the City <br />of Santa Ana to provide Section 20965, Credit for Unused Sick Leave <br />for local safety members. <br />2. Adopt an Ordinance authorizing an amendment to the contract between <br />City of Santa Ana and Public Employees' Retirement System. <br />DISCUSSION <br />In accordance with the Memorandum of Understanding between the City of <br />Santa Ana and the Santa Ana Police Officers Association for FY 2004-2008 <br />the City agreed to provide Credit for Unused Sick Leave benefits for local <br />safety members effective July 1, 2007. This benefit is currently provided <br />to miscellaneous City employees. <br />The Unused Sick Leave Credit Benefit allows unused accumulated sick leave, <br />at the time of retirement, to be converted to additional service credit <br />pursuant to a formula established by the Public Employees' Retirement <br />System. <br />The above benefit will be offered along with the current options. <br />Currently sick leave may be used for payment of medical insurance premiums <br />or may be converted to cash for payment based on established formulas. <br />Under this contract amendment conversion of sick leave to service credit <br />allows the City to pay funds out over a thirty year period of time. <br />