PREPARED BY: TINA GALLEGOS DATE OF MEETING: 06/19/17
SUBJECT:
TITLE
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO DISCLOSING A CHANGE IN "OTHER POST RETIREMENT BENEFITS" (OPEB) FOR SWORN EMPLOYEES REPRESENTED BY THE SAN PABLO POLICE EMPLOYEES' ASSOCIATION (SPPEA) AND THE CITY'S CURRENT LIABILITIES FOR SUCH BENEFITS PURSUANT TO GOVERNMENT CODE SECTION 7507(C)
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
BODY
COMPLIANCE STATEMENTS
The proposed action is consistent with the Fiscal Sustainability Policy Area under the FY2015-2017 Council Priority Workplan, effective October 1, 2016.
CEQA Compliance Statement
This is not a project as defined by CEQA regulations.
BACKGROUND
The objective of this report is to provide the City Council and the public with information on proposed changes to the City's "other post-retirement benefits" (OPEB) obligations as it relates to retiree health benefits for sworn employees represented by the San Pablo Police Employees' Association (SPPEA), and to clarify that these changes will not result in increases to the City's OPEB liability.
Under Government Code Section 7507(c), (see below), cities are required to make a statement at a public meeting at least two weeks prior to the adoption of any changes in public retirement plan benefits or other postemployment benefits.
"With regard to local legislative bodies, including community college district governing boards, the future costs of changes in retirement benefits or other postemployment benefits, as determined by the actuary, shall be made public at a public meeting at least two weeks prior to the adoption of any changes in public retirement plan benefits or other postemployment benefits. If the future costs of the changes exceed one-half of 1 percent of the future annual costs, as defined in paragraph (2) of subdivision (a), of the existing benefits for the legislative body, an actuary shall be present to provide information as needed a...
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