HomeMy WebLinkAboutResolutions - No. 2012-165RESOLUTION NO. 2012-165
A RESOLUTION OF THE LODI CITY COUNCIL
APPROVING BENEFIT MODIFICATIONS FOR
COUNCIL MEMBERS
WHEREAS, City Council benefits shall be reduced to the same level as those
negotiated by employees; and
WHEREAS, it is recommended that Council approve the following benefit
modifications for Council Members:
• Council Members will begin paying 7 percent of the employee's share of
retirement.
• Council Members' medical premium will be capped at the January 1, 2012, rate
for the lowest cost HMO.
• Council Members newly elected on or after November 6, 2012, will receive the
reduced CaIPERS retirement formula of 2 percent at 60 on January 1, 2013, or
upon the date in which the City amends its retirement contract with CaIPERS
(whichever is later).
Date: October 17, 2012
I hereby certify that Resolution No. 2012-165 was passed and adopted by the
Lodi City Council in a regular meeting held October 17, 2012, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Katzakian, Nakanishi,
and Mayor Mounce
NOES: COUNCIL MEMBERS— None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS— None
2012-165
1 JOHL
City Clerk