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R 4050RESOLUTION N0.4050 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE ADOPTING BENEFIT ADJUSTMENTS FOR MANAGEMENT EMPLOYEES WHEREAS, the City Council of the City of Arroyo Grande ("City") deems it in the best interest of the City that benefits for management employees be adjusted as hereinafter provided. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arroyo Grande that: Employees who retire from City service will be allowed to purchase medical insurance coverage through the City. 2. Effective January 1, 2008, the City's retiree medical contribution shall be an equal amount for both employees and annuitants, which shall be the minimum contribution amount established by CaIPERS on an annual basis. During calendar year 2008, that amount shall be ninety-seven dollars ($97) per month. Commencing January 1, 2009, and on January 15~ of each subsequent .year thereafter, the City's contribution shall be adjusted annually by the CaIPERS board to reflect any change in the medical care component of the consumer Price Index, .providing that the City is participating in the CaIPERS Health Plan. 3. Effective January 1, 2008, the City shall provide a supplemental contribution to employees that are: 1) retired and have qualified for retiree medical benefits prior to January 1, 2008; 2) employed on a full-time basis as of January 1, 2008 and who have been employed with the City on a full-time basis for five (5) years or more at the time of retirement; or 3) employed on a full-time basis after January 1, 2008 and who have been employed by the City on afull-time basis for ten (10) years or more at the time of employment. The supplemental contribution shall be equal to the difference between the minimum contribution amount established by CaIPERS as set forth above in Section 2 and the following amounts: For single annuitant coverage: $175.10 For annuitant + 1 dependent: $302.85 For annuitant + 2 or more dependents: $376.79 4. All other management employee salary and benefit terms and conditions remain in full force and effect. RESOLUTION NO. 4050 PAGE 2 On motion of Council Member Guthrie seconded by Mayor Pro Tem Arnold, and on the following roll call vote, to wit: AYES: Council Members Guthrie, Arnold, Costello, and Mayor Ferrara NOES: None ABSENT: Council Member Fellows the foregoing Resolution was passed and adopted this 13~' day of November 2007. RESOLUTION NO. YOjO PAGE 3 TONY FERRA AYOR ATTEST: KELLY ViIETMORE, CITY CLERK APPROVED AS TO CONTENT: STEV~ADAMS, CITY MANAGER APPROVED AS TO FORM: Tlq OTHY ~ MEL, CITY ATTORNEY OFFICIAL CERTIFICATION I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the attached Resolution No. 4050 is a true, full, and correct copy of said Resolution passed and adopted at a regular meeting of the City Council of the City of Arroyo Grande on the 13~' day of November 2007. WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 14"' day of November 2007. KELLY MORE, CITY CLERK