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HomeMy WebLinkAbout09-Council Office CITY OF SAN BERNARDINO—REQUEST FOR COUNCIL ACTION From: Tobin Brinker SUBJECT: PUBLIC PENSION REFORM. Dept: City Council Date: April 26, 2011 M/CC Meeting Date: May 2, 2011 Synopsis of Previous Council Action: Recommended Motions: Direct staff to make a presentation to Mayor and Common Council on public pension reform within 60 days. ignature Contact person: Tobin Brinker Phone: 384-5188 Supporting data attached: Ward: FUNDING REQUIREMENTS: Amount: Source: (Acct. No.) (Acct. Description) Finance: Council Notes: Agenda Item No. / CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION Staff Report Subiect• Public Pension Reform. Background: At the meeting of April 18, 2011, Councilman Brinker asked the City Manager to have staff conduct an analysis and present information to the Mayor and Common Council regarding public pension reform, specifically to: 1. Prepare a presentation describing the City of San Bernardino's efforts and actions taken to reduce public pension expenses through the negotiation process. I 2. Perform an analysis that: a) compares the City of San Bernardino's negotiated public employee pension O reductions and other concessions to those implemented by other local government agencies in the region; and b) determines the savings that would be generated by additional public employee pension concessions and whether these savings would allow the reinstatement of jobs or re-opening of City Hall on Fridays. 3. Perform an analysis for discussion of a potential Charter amendment forbidding the City payment of the employee portion of public pension benefit. Financial Impact: There will be no financial impact. Recommendations: Direct staff to make a presentation to Mayor and Common Council on public pension reform within 60 days. QUESTIONS ABOUT PUBLIC PENSIONS 1. How many city employees made more than $100,000 dollars last year? How many of those employees had all or a portion of their pension (employee contribution) covered by the city? 2. If it is possible to change the charter to limit council authority to pay the employee portion of the pension contribution, is it also possible to create a tiered system that pays 0% of the employee contribution for employees earning over $100,000 dollars and 50% of the employee contribution for employees earning between $50,000 and $99,999 and 100% for employees below $50,000 to be phased out 10% a year until the city no longer pays the employee portion for any employees? 3. If question#2 is possible what is the dollars savings under a system that looks like that? Employee Salary % of employee Phase Out time Savings portion the city will frame pay $100,000 or more 0% immediately #of employees x current payout $50,000- $99,999 50% 10% a year over 5 #of employees x years (50% of current payout) + 10% more each year Under $50,000 100% 10% a year over 10 None first year but years 10% more each year for ten years. 4. Are there any elected officials that are currently having the city pay both sides of the pension cost? (Who and How much?) Can they voluntarily give up that benefit? Entered Into ReC, at MCC/CDC Mtg: 5-1z A Agenda OOM No: City Cler 'Coo Secretary City of San Bernardino