To: BOARD OF SUPERVISORS
From: Human Resources
Meeting Date: April 8, 2025
|
Department Contact: |
Cherie Johnson |
Phone: |
707-234-6600 |
|
Department Contact: |
Brandy Dalzell |
Phone: |
707-234-6600 |
|
Item Type: Consent Agenda |
|
Time Allocated for Item: N/A |
Agenda Title:
title
Adoption of Resolution Authorizing Salary Revision of Retirement Financial Investment Officer, $90,230.40 - $109,678.40/Annually to $123,864.00 - $150,571.20/Annually; Modify the Retirement Financial Investment Officer as At-Will, Unrepresented Classification and Amend the Position Allocation Table Accordingly
End
Recommended Action/Motion:
recommendation
Adopt Resolution authorizing salary revision of Retirement Financial Investment Officer, $90,230.40 - $109,678.40/annually to $123,864.00 - $150,571.20 /annually; modify the Retirement Financial Investment Officer as at-will, unrepresented classification and amend the Position Allocation Table accordingly; and authorize Chair to sign same.
End
Previous Board/Board Committee Actions:
On June 23, 2024, the Board of Supervisors adopted the Master Position Allocation Table for the FY 2024-2025 Budget, Resolution Number 24-098.
Summary of Request:
The Human Resources Department is charged, as part of the overall maintenance of the classification and compensation plan, to evaluate current classifications, create new classifications (including appropriate salary levels), reclassify positions, examine requests for salary grade adjustments, analyze allocations, and make recommendations for additions, modifications, and corrections.
At the request of the Mendocino County Employee Retirement Association (MCERA), Human Resources conducted a study using comparators of other 1937 Act Counties which sets the foundation for public retirement systems in California. The proposed salary revision seeks to ensure that compensation is aligned with competitive industry standards and the increasing responsibilities of the role.
Human Resources also recommends that the Retirement Financial Investment Officer be reallocated from Mendocino County Association of Confidential Employees to become an unrepresented classification, and from Civil Service to at-will employment. In effectuate this change, the County Board of Supervisors must adopt a resolution, by majority vote, making Government Code section 31522.3 applicable this County, which authorizes the Board of Retirement to appoint positions not subject to County civil service and merit system rules. A resolution to this effect is separately agendized for this Board’s action.
Attached is the revised classification specification to support the increased duties, including supervision of other retirement staff, cash management and trading, rebalancing, and confirming the portfolio.
The impact below for this fiscal year is calculated at step 5 and includes the cost of benefits. The recurring cost shown below is calculated at step 5, including the cost of benefits.
The County has fulfilled its obligations under Myers-Milias Brown Act (MMBA) with the affected bargaining unit.
Alternative Action/Motion:
Do not adopt recommendation and direct staff.
Strategic Plan Priority Designation: An Effective County Government
Supervisorial District: All
Vote Requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
|
source of funding: Budget Unit 1920 |
|
current f/y cost: $13,369 (includes cost of benefits) |
|
budget clarification: Department to work with Fiscal. |
|
annual recurring cost: $255,971 (includes cost of benefits) |
|
budgeted in current f/y (if no, please describe): No |
|
revenue agreement: N/A |
AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: Yes
CEO Liaison: Executive Office
CEO Review: Yes
CEO Comments:
FOR COB USE ONLY
|
Executed By: Atlas Pearson, Senior Deputy Clerk |
Final Status: Adopted |
|
Date: April 9, 2025 |
Executed Item Type: Resolution |
|
|
Number: 25-059 |
|
|
|