HomeMy WebLinkAbout65A - GOLDEN HANDSHAKE
REQUEST FOR
COUNCIL ACTION
.
CITY COUNCIL MEETING DATE:
~
~
CLERK OF COUNCIL USE ONLY:
MARCH 15, 2004
TITLE:
PUBLIC EMPLOYEES' RETIREMENT
SYSTEM (PERS) - TWO YEAR
SERVICE CREDIT
APP,ROVED
0 As Recommended
0 As Amended
0 Ordinance on 1" Reading
0 Ordinance on 2"' Reading
0 Implementing Resolution
0 Set Public Hearing For
if
Ma
CITY MANAGER
CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
Receive and File.
DISCUSSION
.AS provided for under the California Government Code Section 20903 and
Section 7507, the City of Santa Ana must give public notice at least two
weeks before adoption of a resolution that it intends to offer
approximately 22 employees in the following classifications a two-year
"Golden Handshake" retirement credit as part of the budget reduction
process for fiscal year 2004-2005:
Recreation Supervisor
Stenographic Clerk
Assistant Library Director
Library Assistant
Community Preservation Inspector
Senior Building Inspector
Building Maintenance Technician
Custodian
Payroll Assistant
Senior Office Assistant
Secretary
Senior Personnel Analyst
Employment Services Fiscal Specialist
Workforce Specialist III
The amount determined by the system actuary will average $30,305 per
applicant amortized over the CalPERS amortization period for
.miscellaneous employees.
65A-1
RFCA
Page 2
FISCAL IMPACT
At the time the City offers this retirement credit, funds will be secured
in the Parks & Recreation, Library, Planning & Building, Finance, Fire,
Personnel and Community Development Agencies, by a reduction in their
budgeted position allocations.
APPROVED AS TO FUNDS & ACCOUNTS:
;2,Þ ¡e Gt_o/ ~,
Rod C. Coloma
Executive Director
Finance & Management Services
65A-2