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Res No 022-10-13056RESOLUTION NO.: 22 -10 -13056 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA AUTHORIZING THE CITY MANAGER TO REDUCE THE PENSION CONTRIBUTION AMOUNT FROM 11.6 % TO 9.6% FOR FY 09110 FOR ALL FULL TIME NON COLLECTIVE BARGAINING EMPLOYEES THAT PARTICIPATE IN THE GENERAL EMPLOYEES PENSION PLAN RETROACTIVE TO OCTOBER 1, 2009; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, in an effort to provide equity and fairness to its non collective employees; WHEREAS, in lieu of COLA and merit for FY 09/10 which totaled $138,070; WHEREAS, the City would like to implement a two (2 %) decrease in pension contribution amounts for FY 09/10; NOW, THEREFORE, BE IT RESOLVED, BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1: That the Mayor & City Commission authorize the City Manager to implement a two percent (2 %) decrease in pension contribution amounts for FY 09/10; Section 2: If any section clause, sentence, or phrase of this resolution is for any reason held invalid or unconstitutional by a court of competent jurisdiction, the holding shall not affect the validity of the remaining portions of this resolution. Section 3: The attached exhibit is incorporated by reference into this resolution. PASSED AND ADOPTED this 14`h day of danua , 2010. ATTEST: CITY CLERK READ AD APPROVED AS TO FORM CITY ATTORNEY COMMISSION VOTE: 4 -1 Mayor Feliu: Yea Vice Mayor Beasley: Yea Commissioner Palmer: Nay Commissioner Newman: Yea Commissioner Sellars: Yea South Miami AIFAmeriaaCitY CITY OF SOUTH MIAMI 1 OFFICE OF THE CITY MANAGER INTER- OFFICE MEMORANDUM toot To: The Honorable Mayor & Members of the Via: Roger M. Carlton, Acting City Manager -- From: Jeanette Enrizo, Human Resources M Date: January 14, 2010 Agenda Item No.:! Subject: General Employees Pension Plan Request: Reduction of General Employees Pension Contribution Amounts ISSUE: COMPENSATION AND WAGES FOR FISCAL YEARS 2009 THROUGH 2012: During the budget hearings, the City Commission determined there would be no compensation increases for FY 09/10 for the number of employees who are not represented by our bargaining units. Currently, the City of South Miami has three (3) unions which consist of the PBA Upper Unit (Lieutenants and Captains), PBA Lower Unit (Police Officers and Sergeants) and AFSCME Bargaining Unit (Sanitation, Maintenance and Code Enforcement Officers). Based on the recommendations that have been brought forth regarding our three unions, the Administration believes that equity is important to maintain a positive, motivated and fairy compensated work force. The following is a breakdown of the cost to the City for the non collective bargaining employees longevity, merit and cost -of- living adjustment as well as the savings for FY 09/10, Cost Saavvin Longevity $ 3,241 $ None Merit $ None $ 94,842 COLA $ None $ 43,228 ISSUE: PENSION EMPLOYEE/EMPLOYER CONTRIBUTION AMOUNTS: Based on the information provided above, we are recommending that those employees that participate in the pension be granted a reduction in their pension contribution amount for FY 09/10. This will partially offset what they might have received in a COLA and merit with a reduction in their pension contribution amount for FY 09110. At the present time, both the City and these non collective employees that are in the City's General Pension Plan contribute towards pension costs. This cost is determined by a yearly actuarial valuation that is performed by the pension plan's actuary, Gabriel, Roeder and Smith. Since the City will save approximately (29/6), by not giving non collective employees COLA or merit increases, the Administration believes it's equitable to reduce deductions for the non bargaining unit employees who participate in the pension plan in a similar amount for FY 09/10. The reduction to the retirement plan shall be reduced from (11.6 %) to (9.6 %). This would only be for this year and will expire on September 30, 2010. Effective October 1, 2010, this will revert back to current language from the City's "Personnel Rules and Regulations Manual — Section 18.0 — Pension Plan," which states as follows: "Effective October 1, 2001, the employee contribution to the retirement plan will be 7 %. Should the total contribution be actuarially determined to exceed 14 %, both the City and the employees will share equally the excess amount (e.g., should the total contribution be actuarially determined to be 16 %, the City shall contribute a total of 8% and the employees shall contribute a total of 8 %." It is further the intent of the Administration to continue to pursue the possibility of various retirement alternatives utilizing direction received from the City Commission after review of the recommendations of the AD Hoe Pension Committee. CONCLUSION: The extraordinary economic circumstances faced by all local governments including the City of South Miami were clearly an underpinning of the FY 09/10 budget process. As a result, the resources available to the Administration were extremely limited. Our non bargaining unit employees are cognizant of the budget constraints that we are facing today; however, as a means to provide these employees with fairness and equity, the Administration seeks to decrease the employee pension contribution of two (2) percent for FY 09/10. Essentially by eliminating the COLA and merit increases for FY 09/10, saving $138,070 for the City of South Miami, it is fair to reduce the employees pension contribution by a like amount. This results in an economic benefit for these employees as well as the City since a larger COLA and merit increase has generally been granted in better economic times. Backup Documentation: ❑ Proposed resolution.