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CC - Agenda 06-12-07a Public Comment from the Audience: • If you wish to address the City Council, please complete a Speaker Request Card and hand it to the City Clerk before the start of the meeting. • The City Council will hear public comments on matters not listed on the agenda during the Public Comments from the Audience period. • Opportunity to address the City Council (on non-agenda items) is limited to 3 minutes per speaker. • The City Council will hear public comments on items listed on the agenda during discussion of the matter and prior to a vote. Brown Act: Pursuant to provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The City Council may direct staff to investigate and/or schedule certain matters for consideration at a future City Council meeting. Americans with Disabilities Act: In compliance with the ADA, if you need special assistance to participate in this meeting, please contact the City Clerk's office at least 48 hours prior to the meeting to allow the City to make reasonable arrangements to ensure accessibility to the meeting or service. Persons attending the meeting shall observe rules of propriety, decorum, good conduct, and refrain from impertinent or slanderous remarks. Violation of this rule shall result in such persons being barred from further audience before the governing body. This agenda was posted 72 hours in advance of the meeting at the City Hall, 8838 E. Valley Boulevard, Rosemead; the L.A. County Library, Rosemead Branch, 8800 E. Valley Boulevard, Rosemead; and other locations pursuant to RMC Sec. 1.08.020 • Rosemead City Council AGENDA June 12, 2007 4:00 PM City Hall Conference Room 8838 E. Valley Boulevard, Rosemead, Califomia 91770 John Tran, Mayor John Nunez, Mayor Pro Tem Margaret Clark, Councilmember Polly Low, Councilmember Gary Taylor, Councilmember 0 ROSEMEAD CITY COUNCIL AGENDA • June 12, 2007 • CALL TO ORDER - 4:00 PM • PLEDGE OF ALLEGIANCE - Councilmember Clark • INVOCATION - Councilmember Taylor • ROLL CALL - Councilmembers Clark, Low, Taylor, Mayor Pro Tern Nunez, Mayor Tran 1. PUBLIC COMMENT FROM THE AUDIENCE 2. ADMINSTRATIVE MATTERS A. Benefits Modification At our May 29, 2007 meeting staff was directed to bring back additional details for City Council review as it relates to the proposed changes in the City's benefits package. In addition, staff was asked to provide a more detailed breakdown of the cost savings associated with the move. To comply with GASB 45, the City worked with Milliman Consultants and Actuaries, a firm that conducts actuarial valuations for a variety of jurisdictions. The valuation shows that the City's total liability for its retirement health benefit is $9,850,614. Based on negotiations with the Rosemead Employee Association (REA), a new benefits package was agreed upon. The cost to implement this new benefits package is estimated to be around $1,632,167.As part of the agreement reached with the REA, retirement health care coverage would be eliminated for any employee hired after July 1, 2007. In addition, retirement health care coverage for existing employees would be limited. In speaking with our actuary, this means that our retirement health care liability would be significantly reduced. When taken together, this means that the City could potentially save around $8.2 million by implementing the new benefits plan. The true cost savings can be determined once an actuary completes a new valuation for the City's limited retirement health care package. Recommendation: That the City Council take the following action: 1) Approve the MOU with the Rosemead Employee Association. 2) Direct staff to bring back for City Council approval all necessary authorizing resolutions to implement the provision contained in the Memorandum of Understanding. Alternatives to Staff Recommendation: 1) Take no action and keep the City's existing benefits plan and benefits provider. 2) Approve a modified version of the negotiated benefits agreement with the REA. 3) Refrain from transitioning to a new benefits provider and stay with all of the City's existing health insurance carriers. 4) Decide to transition only some of the City's benefits to new health insurance providers. Page 2 of 4 0 ROSEMEAD CITY COUNCIL AGENDA 0 June 12, 2007 B. Personnel Changes: FY 2007-2008 The 2007-2008 budget details an expenditure plan for all City operations and capital improvement projects totaling $37.2 million. This spending plan also projects revenues of $33.2 million and reflects a reduction in fund balance of $4 million. The General Fund budget is $16.2 million, or 44% of the City's total budget. It is important to note that the General Fund reserves will decrease by $1.4 million; however, overall General Fund reserve levels will remain healthy at $21.1 million. There are a total of nine new positions that are included in this budget for City Council review. The new positions proposed include: 1) Assistant to the City Manager 2) People Manager 3) Public Communications Manager 4) Assistant Planner 5) Accounting Manager 6) Public Safety Coordinator 7) Administrative Assistant (Public Safety Services Department) 8) Management Analyst (CDBG & HOME programs) 9) Grants Specialist (CDGB & HOME programs) Recommendation: That the City Council provide direction. C. PARS Alternate Retirement System The City of Rosemead is required, on behalf of each part-time employee, to contribute to Social Security an amount equal to 6.2% of his or her salary. The employee also contributes 6.2% to Social Security for a combined contribution of 12.4°/x. The United States Congress adopted the Omnibus Budget Reconciliation Act (OBRA) in 1990. OBRA mandated that all part-time, seasonal, and temporary employees participate in a Qualifying Retirement System in lieu of Social Security. Congress specifically provided alternatives with statutory language spelling out the minimum requirements for alternate systems. The Public Agency Retirement System (PARS) offers an alternate retirement system (ARS) that meets the statutory requirements as specified by Congress. Under the PARS ARS program, part-time employees who work less than 100 hours per fiscal year can enroll, By enrolling, the total contribution to the retirement system for these employees will be 7.5% rather than the 12.4% mandated by Social Security. The 7.5% contribution rate can be split equally between the employee and the employer, meaning that the employee would contribute 3.75% to the program, and the employer would contribute 3.75% to the program. This program could save the City around $15,000 per year. In addition employees would be able to take home additional salary under the plan because of the reduced contribution rate (see Attachment A for additional details). Recommendation: That the City Council approve Resolution 2007-21 providing for PARS as an alternative retirement system for part-time, seasonal, and temporary employees. Page 3 of 4 ROSEMEAD CITY COUNCIL AGAA 0June 12, 2007 3. CONSENT CALENDAR A. Approval of the 2007.08 Annual Budget Activity/Accounts Recommendation: That the City Council approve the 2007-08 Annual Budget Activity/Accounts 4. MATTERS FROM THE MAYOR & CITY COUNCIL 5. MATTERS FROM THE CITY MANAGER & STAFF & ADJOURNMENT The next regular meeting is scheduled for June 12, 2007 at 7:00 p.m. Page 4 of 4