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Minutes of the Special City Council Meeting Held on April 16, 2015; the Special and Regular City Council Meetings Held on April 21, 2015; the Special City Council Meetings Held on April 28 and 29, 2015. (City Clerk)
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UNAPPROVED
MINUTES OF THE SPECIAL CITY COUNCIL MEETING
TUESDAY- -APRIL 16, 2015- -6:00 P.M.
Mayor Spencer convened the meeting at 6:03 p.m. and led the Pledge of Allegiance.
ROLL CALL - Present: Councilmembers Daysog, Ezzy Ashcraft, Matarrese, Oddie and Mayor Spencer - 5.
Absent: None.
ORAL COMMUNICATIONS, NON-AGENDA
(15-240) Kevin Kennedy, City Treasurer, submitted a spreadsheet; provided feedback on the public safety Memorandums of Understanding (MOUs); stated something needs to be done; the question is whether these MOUs are what the City needs to do; the City has spent time and money on the matter and needs to be thinking long term; expressed concern over the Balanced Revenue Index (BRI) including the property transfer tax, which is one time revenue, and the trust running out of funds and the burden falling on younger workers.
Kevin Kearney, City Auditor, stated the mechanism of running Other Post Employment Benefits (OPEB) through payroll results in the employees having higher wages; urged not running the funding through the payroll, which would require retirement payment.
The City Treasurer stated putting 2% into the trust cost the City 3% because the PERS contribution will be 50% of salary; suggested putting 3% straight into the trust; expressed concern over the City's legal position; stated the courts are still determining how cities handle vested benefits; questioned whether the mechanism has legal ramifications; suggested hiring a pension lawyer; stated that he would proceed with the recommendations in the Pension Task Force report; reviewed the four recommendations.
(15-241) Denise Lai, Alameda, stated that she requested payroll information from the City; she could not compare the data; ask...
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