To: Board of Supervisors General Government Committee
From: County Counsel
Meeting Date: September 12, 2016
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Department Contact: |
Katharine L. Elliott |
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234-6885 |
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Time Allocated for Item: 15 minutes |
Agenda Title:
title
Report to the General Government Committee Regarding Review of County and Retirement Association Actions that Increased Retirement Plan Costs
End
Recommendation:
recommendation
Accept the report regarding completion of the review of County and Retirement Association actions that increased retirement plan costs.
Previous Board/Board Committee Actions:
Approximately four years ago, then-County Supervisor Kendall Smith and then-County Counsel Jeanine B. Nadel initiated research of prior board actions relating to enhancing County pension plans; they were unable to complete that research prior to their leaving County service. On February 2, 2016, this item was referred by the Board of Supervisors to the General Government Committee. The General Government Committee met and discussed this topic during their February 8, 2016 Committee meeting. County Counsel was directed to complete the review of prior actions of both the Board of Supervisors and the Retirement Board that increased retirement plan costs.
Summary of Request:
Accept the report entitled “Retirement Timeline (Sections Adopted by Resolution)” prepared by County staff regarding the review of prior board actions related to enhancing County pension plans, indicating whether or not State-mandated procedures were followed in the adoption of those enhancements.
Fiscal Impact:
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Source of Funding: N/A |
Budgeted in Current F/Y: N/A |
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Current F/Y Cost: N/A |
Annual Recurring Cost: N/A |
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Supervisorial District: All |
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CEO Liaison: Alan D. Flora, Assistant CEO |
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CEO Review: Yes |
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Comments: