HomeMy WebLinkAboutCC RES 96-40RESOLUTION NO. 96-40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT GIVING NOTICE OF ITS INTENTION
TO COMMENCE REPORTING THE VALUE OF
EMPLOYER PAID MEMBER CONTRIBUTIONS TO PERS.
WHEREAS, the City of Palm Desert has the authority to implement Government Code
Section 20023(c)(4) pursuant to Section 20615;
WHEREAS, the City of Palm Desert has entered into an agreement with the Palm Desert
Employees' Organization which specifically provides for the inclusion of normal member
contributions paid by the employer on behalf of the members as additional compensation;
WHEREAS, one of the steps in the procedures to implement this section is the adoption
by the governing body of the City of Palm Desert of a Resolution giving notice of its intention
to commence reporting the value of employer paid member contributions (EPMC) as
compensation for all members of a group or class;
WHEREAS, the following is a statement • of the proposed change in reporting
compensation to PERS:
The City of Palm Desert elected to pay seven percent (7%) of employees'
compensation earnable as Employer Paid Member Contributions and report the
same percent (value) of compensation earnable {excluding Government Code
Section 20023(c)(4)) as additional compensation. This benefit shall apply to all
local miscellaneous members.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm
Desert shall implement Government Code Section 20023(c)(4) pursuant to Section 20615 by
paying and reporting the value of Employer Paid Member Contributions for all local
miscellaneous members as indicated above.
PASSED, APPROVED and ADOPTED this 27th day of June , 1996 by the
following vote, to wit:
AYES: BENSON, KELLY, SPIEGEL, SNYDER
NOES: NONE
ABSENT: CRITES
ABSTAIN: NONE
ATTEST:
SHEILA J GILLIGAN, 'CITY -CLERK
REPORTING THE VALUE OF EMPLOYER PAID
MEMBER CONTRIBUTIONS TO PERS COST ANALYSIS
EMPLOYER #1018 LOCAL MISCELLANEOUS MEMBERS
DESCRIPTION OF BENEFIT BEING COSTED
Section 20023(c)(4) pursuant to Section 20615
The City of Palm Desert elected to pay seven percent (7%) of employees' compensation earnable
as Employer Paid Member Contributions (EPMC) and report the same percent of compensation
as additional compensation.
The expected annual cost or increase in payment to PERS attributable to reporting the value of
EPMC is:
at 12.830% (July 1, 1996) $48,482
at 16.561 % (July 1, 1997) $62,580
CITY OF PALM DESERT
DEPARTMENT OF HUMAN RESOURCES