HomeMy WebLinkAboutAS04-Finance
~City of San Bernardino <:)
INTEROFFICE MEMORANDUM
9107-1706
TO: SHAUNA EDWINS, CITY ADMINISTRATOR
FROM: ANDREW M. GREEN, DIRECTOR OF FINANCE
SUBJECT: PART-TIME EMPLOYEES RETIREMENT PLAN
DATE: JULY 12, 1991
COPIES:
ROGER CLOUD, SENIOR ACCOUNTANT; DAVID
ASSISTANT DIRECTOR OF FINANCE
REID,
New Federal regulations requires the City to implement a plan
to include all nonexempt employees in a retirement plan. The
new regulations will effect all nonexempt part-time
employees. The effective date for the new regulations is
July 1, 1991, however a six month transitional period is
allowed if certain conditions are met.
The regulations state that the city has to take affirmative
steps to ensure that all nonexempt employees are in a retire-
ment plan by January 1, 1992. If these steps are taken then
the transitional period will be allowed.
I have talked to Diane Roth in the city Attorney's Office and
she informed me that a motion by the Council stating the
city's intent to implement a plan would satisfy the
affirmative step requirement. Finance is currently working
out arrangements with Great Western to implement a plan for
all nonexempt part-time employees. Personnel and Finance
should have a plan recommendation in two to three weeks.
I recommend asking the Council to make a motion stating their
intention to implement a retirement plan to include all
nonexempt part-time employees by January 1, 1992.
~ 2:J~
Andrew Green
Director Of Finance
vm
,4--5 -I