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Resolution - 2016-28RESOLUTION NO. 2016-28 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, REVISING THE COMPENSATION AND SCHEDULE OF 'BENEFITS FOR CITY COUNCILMEMBERS AND AMENDING RESOLUTION 2015-11. 1 WHEREAS, on Feb�'uary 3, 2015� the West Covina City Council adopted Resolution 2015-11, which replaced all previous resolutions related to City Councilmember benefits and identified the schedule of benefits for current City Councilmembers and separated tile benefits afforded to City Councilimembers from those afforded to Department Heads; NOW, THEREFORE, the City Council of the City of West Covina does resolve as follows: SECTION 1. This resolution hereby amends Resolution No. 2015-11 and ratifies the schedule of benefits for Councilmembers in accordance with Section 2 and Section ') of this Resolution. SECTION 2. Effective February 17, 2015, the schedule of benefits for Councilmembers shall be provided as outlined in the attached Exhibit "A". SECTION 3. Effective November 7, 2017, the schedule of benefits for Councilmembers active on or after the effective date specified herein shall be provided as outlined in the attached Exhibit "B". I SECTION 4. Any future changes to City COUncilmember compensation and benefits must be enacted as authorized by law, approved by a majority vote of the City Council, and shall take effect;upon the seating of new Councilmembers after the effective date of the action taken. SECTION 5. The City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original resolutions and it shall become effective immediately upon its approval, PASSED, APPROVED AND ADOPTED on this 5"' day of April, 2016. APPROVED AS TO FORM: J A--3� KAberly WPI Barlow City Attorney JJa ies Toma ayor tATTEST: it it i1c olas S --'L—,�',is City Clerk RESOLUTION NO. 2016-28 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, REVISING THE COMPENSATION AND SCHEDULE OF :BENEFITS FOR CITY COUNCILMEMBERS AND AMENDING RESO LUTION 2015-11. WHEREAS, on February 3, 2015, the West Covina City Council adopted Resolution 2015-11, which replaced all previous resolutions related to City Councilmernber benefits and identified the schedule of benefits for current City Councilmembers and separated the benefits afforded to City Councilmembers from those afforded to Department Heads; NOW, THEREFORE, the City Council of the City of West Covina does resolve as follows: SECTION 1. This resolution hereby amends Resolution No. 2015-11 and ratifies the schedule of benefits for Councilmembers in accordance with Section 2 and Section j of this Resolution. SECTION 2. Effective February 17, 2015, the schedule of benefits for Councilmembers shall be provided as outlined in the attached Exhibit "A". SECTION 3. Effective November 7, 2017, the schedule of benefits for Councilmembers active on or after the effective date specified herein shall be provided as outlined in the attached Exhibit "B". SECTION 4- Any future changes to City COLincilmeniber compensation and benefits must be enacted as authorized by law, approved by a majority vote of the City Council, and shall take effect'upon the seating ofnew Councilinembers after the effective date of the action taken. SECTION 5. The City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original resolutions and it shall become effective immediately upon its approval. PASSED, APPROVED AND ADOPTED on this 5" day of April, 2016. APPROVED AS TO FORM: Kirfiberly Hffil Barlow City Attorney 40�m4ntr== — //,Iaf-ies Torna (_>4ayor ATTEST: A' ic olas P1 City Clerk 7 1, HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof on the 5 1h day of April, 2016, by the following vote of City Council: AYES: Johnson, Spence, Warshaw, Wu, Toma NOES: None ABSENT: None ABSTAIN: None Nickolas S. Lewis' City Clerk EXHIBIT "A" CITY COUNCIL SUMMARY OF BENEFITS Effective February 3. 2015 1. Auto Allowance: The City shall contribute for each City Councilmember three hundred dollars ($300.00) per month auto allowance. 2. Deferred Compensation: The City shall contribute for each City Councilineiriber three hundred dollars ($300.00) per month to a deferred compensation plan. 3. Dental Insurance: The City shall contribute up to $62.23 per month for dental insurance for the member and eligible dependents. If the dental insurance plan selected by the member is less than $62.23, the City will pay the dental insurance plan selected. 4. Retiree Dental: City Counciinnembers that retire directly from City employment shall be allowed to participate in the City's employee dental insurance program based on employee monthly premium rates. The City shall not contribute to the monthly premium. 5. Health Insurance: The City shall provide tip to the Los Angeles Kaiser family rate per month towards health premiums through the Public Employees Retirement System (PERS). 6. Vision Insurance: The City shall provide City COUncilmembers with the employee only monthly cost for vision insurance. Employees may enroll eligible dependents in the plan at the COLIFIC i [mein her' s cost. 7. Term Life Policy: The City shall provide all City Councilmembers a term life insurance policy in the amount of $100,000 while serving on the City Council, with an additional Accidental Death & Dismemberment (AD&D) policy of$l 00,000 if injured in the line of duty. S. Life Insurance (Retirement): The City shall provide a Term Life Policy in the amount of ten thousand dollars ($10,000) following retirement directly from the City. City COUncilinembers Must serve two terms to receive this benefit. 9. Military Buy Back: Military service credit accepted as a public service credit Linder PERS section 21024. 10. Retiree Medical: Following retirement from the City, the City shall contribute an amount equal to the Public Employees' Medical and Hospital Care Act (PEMCHA) statuatory minimum towards the payment of premiums for retiree health insurance under the program. Councilmembers must be age eligible upon separation from the City, have participated in a PERS health plan and must retire from CalPERS within 120 days of separation from the City to be eligible for this benefit. 11. Section 125 Plan: The City has established a program consistent with Section 125 of the IRS Code, which enables Councilinembers to voluntarily use pre-tax earnings for medical, dental, and dependent care expciises. It is understood that participation in the plan is voluntary and the City will not be obligated to contribute to pay any City COLincilmetnber costs for those who participate in the plan. 12. Survivor Benefits (Fourth Level): Provides Fourth Level of 1959 Survivor Benefits PERS Section 21574. 13. Tuition Reimbursement: City Council's maximum annual tuition reiinbursernent (including books) shall be one thousand and five hundred dollars ($1,500.00) per fiscal year subject to budget appropriations. For Citv Councilmembers elected prior to January 1, 2011: Retirentent: City Councilmembers elected prior to January 1, 2011 shall participate in the 2.5% at age 55 PERS retirement benefit plan. The City shall pay 100% of the PERS employer cost. Each Councilmember shall pay the full employee cost of eight percent (8%). Such contribution shall be made on a pre-tax basis. Retirement benefits for Councilmembers under the 2.5% at age 55 formula shall be computed using the One -Year Final Compensation Option. Councilmembers are vested after five (5) years of full-time service credit. 2. Health Insurance Cash -Out Option: The maximum cash -out amount of $600 must be placed into a deferred compensation plan if the Councilmember opts out of the City provided medical plan, pursuant to Government Code § 16516 (prohibits cash out). 3. FPMC Replacement Retirement Plan: The City will provide to those City Councilmembers retiring from the City a supplemental retirement plan that will provide a benefit based on .70% of PERSable compensation. The age and years of service factors utilized by PERS will be multiplied by .70% of their single highest year PERSable compensation to determine this benefit value. This benefit will be paid annually in January of each year and will include a 2% cost of living adjustment each year during the life of the retiree. At the time of retirement, the City Councilmember can make a one-time election to receive either the ongoing annual stipends or a lump sum payment based on the present value of those annual stipends. For City Councilm embers elected Between Janaury 1. 2011 and December 31. 2012 I . Retirentent: City Councilmembers elected between January 1, 2011 and December 31, 2012, shall participate in the 2.0% at age 60 PERS retirement benefit plan. The City shall pay 100% of the PERS employer cost. Each COUncilmember shall pay the full employee cost of seven percent (7%). Such contribution shall be made on a pre-tax basis. Retirement benefits for Councilmembers under the 2.0% at age 60 formula shall be computed using the One -Year Final Compensation Option. Councilmembers are vested after five (5) years of full-time service credit. 2. Health Insurance Cash -Out Option: The maximum cash -out amount of $600 must be placed into a deferred compensation plan if the Councilmember opts out of the City provided medical plan, pursuant to Government Code § 36516 (prohibits cash out). 2 For City Councilmembers Elected After JanuarV 1, 2013 I . Retirement: City Councilmembers elected after January 1. 2013, shall participate in the 2.0% at age 62 PERS retirement benefit plan, with their final compensation based upon the average of their highest annual compensation earned over a three (3) year period. New Councilmembers will be required to pay the appropriate share of their pension costs and other provisions, as required by the Public Employees' Pension Reform Act of 2013. Such contributions shall be made on a pre-tax basis. Councilmembers are vested after five (5) years of full-time service credit. 2. Health Insurance Cash -Out Option: The maximum cash -out amount of $ 100 must be placed into a deferred compensation plan if the Councilmember opts out of the City provided medical plan, pursuant to Government Code § 36516 (prohibits cash out). Z Benefits Matrix: City Council — Sununary of Benefits 02,03.15 3 E"IBIT "B" CITY COUNCIL SUMMARY OF BENEFITS Effective November 7. 2017 1. Auto Allowance: The City shall contribute for each City Councilmember one -hundred and fifty dollars ($150.00) per month auto allowance. 2. Retiree Dental: City Councilmembers that retire directly from City employment shall be allowed to participate in the City's employee dental insurance program based on employee monthly premium rates. The City shall not contribute to the monthly premium. 3. Term Life Policy: The City shall provide all City Councilmembers; a term life insurance policy in the amount of $100,000 while serving on the City Council, with an additional Accidental Death & Dismemberment (AD&D) policy of $100,000 if injured in the line of duty. 4. Section 125 Plan: The City has established a program consistent with Section 125 of the IRS Code, which enables Councilmembers to Voluntarily use pre-tax earnings for medical, dental, and dependent care expenses. It is understood that participation in the plan is voluntary and the City will not be obligated to contribute to pay any City COUncilmember costs for those who participate in the plan. For Citv Councilmembers Elected After January 1. 2013 I . Retirement: City Councilmembers elected after January 1, 2013, shall participate in the 2.0% at age 62 PERS retirement benefit plan, with their final compensation based upon the average of their highest annual compensation earned over a three (3) year period. New Counci [members will be required to pay the appropriate share of their pension costs and other provisions, as required by the Public Employees' Pension Reform Act of 2013. Such contributions shall be made on a pre-tax basis. Councilmembers are vested after five (5) years of full-time service credit. Z: Benefits Matrix: City Council — Summary of Benefits 02.03.15