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HomeMy WebLinkAboutItem 4.03 Health Benefit Retire CITY CLERK File # AGENDA STATEMENT CITY COUNCIL MEETING DATE: March 2, 2004 SUBJECT: Electing to Establish a Health Benefit Vesting Requirement for Future Retirees Under pUblic Employees' Medical and Hospital Care Act. Report Prepared b: dulie Carter, ATTCM ATTACHMENTS: Resolution RECOMMENDATION pt Resolution. FINANCIAL STATEMENT: The adoption of the post retirement vesting resolution promotes greater program equity and reduces the City's long-term retiree medical costs for future employees. DESCRIPTION: Background The City participates in CalPERS Medical Insurance through PEMHCA (Public Employees' Medical and Hospital Care Act). PEMHCA is the CalPERS Health Benefits Program as authorized by the Government Code commencing with Section 22751. Under PEMHCA, the City's retiree medical program is lirlked to the City's active medical program, which means the City must pay the same maximum amount of health premium for active and retired members. Under CalPERS the minimum requirement for retirement status is 5 years of CalPERS Service (cumulative service) and 50 years of age. Most California public agencies participate in CalPERS retirement, making it convenient for employees to move from one agency to another collecting their service credits. During the Fiscal Year 2003-2004 salary and benefit discussions with employees, the City Manager reqUested a review of the City's current retirement medical coverage including program qualifidations, equity to the City of Dublin and employees, and the long term fiscal solvency of the program. Employee Committee In October 2003 a nine-member employee committee was formed by the City Manager and chargedwith thc responsibility of reviewing the City's existing retiree medical program in terms o£ qualifications~ equity to thc City of Dublin and employees, and the long term fiscal solvency o£ the program. COPIES TO: ITEM NO. ~_ H/cc-for ms/agdastmt.doc /~'~ i The nine-member employee committee focused its ~f~0RS On the the CalPERS permissible post retii'ement vesting resolution authorized by Section 22825.5 of the Government Code. This is the Government Code Section that allows the employer to adopt the vesting requirement prospectively affecting employee~ hired on or after its adoption. This section of the Government Code is commonly referred to as State 190' Formula. Under the State's 190 Formula, agencies must require a minimum of 10 years of CalPERS service credit (5 years must be completed at the City of Dublin) to receive the pre-approved State retiree medical coverage benefits. There are three contribution levels under the State's 190 Formula these include.': fixed benefits based on family status upon retirement, the State's 190 Formula, or one fixed contribution. Part of the Committee's analysis included reviewing a Tri-Valley Cities survey on retiree medical benefits for the purpose of reviewing the competitiveness of the State's 190 formula with other Cities' programs; who may not be members of PEMHCA. It was the consensus of the employee committee that a vesting component needed to be added to the City's retiree medical program for future employees. A summary of the proposal is outlined beloW: 10-years minimum PERS service credit to 10 years 50% Kaiser retire and receive retiree medical 11 years 55% Family Rate contribution base on vesting percentages; 12 years 60% with a minimum of 5-years of service with 13 years 65% the City of Dublin. 14 years 70% 15 years 75 % 16 years 80% 17 years 85% 18 years 90% 19 years 95% 20+ years 100% For example, an employee hired after the adoption of the vesting Resolution and retiring from the City of Dublin with 5 years of Dublin service and 5 years of prior CalPERS service would receive 50% of the Kaiser Family rate; currently $397.05. On January 12, 2004 the employee committee presented its proposal to the general employee population and highlighted the fact that the vesting requirement would only apply to employees hired on or after the adoption of the vesting resolution, which would be proposed to be effective April 1, 2004. There was overwhelming support for implementation. Recommendation Staff recommends adoption of the Resolution electing to establish a health benefit-vesting requirement for future retirees under PEMHCA, with an effective date of April 1, 2004. }%1 RESOLUTION NO. - 04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ELECTING TO ESTABLISH A HEALTH BENEFIT VESTING REQUIREMENT FOR FUTURE RETIREES UNDER PUBLIC EMPLOYEES' MEDICAL AND HOSPITAL CARE ACT WHEREAS; Government Code 22825.5 provides that a local agency contracting under the Public Employees' medical and Hospital Care Act may amend its resolution to provide a post retirement vesting requirement to employees who retire from service, and WHEREAS; City of Dublin is a local agency contracting under the Act, and WHEREAS; City of Dublin certifies that unrepresented employees are not represented by a bargaining unit and there s no applicable memorandum of understanding, and WHEREAS; the credited service for purposes of determining the percentage of employer contributions shall mean service as defined in Section 20069, except that not less than five years'of that service shall be performed entirely with the City of Dublin; NOW, THEREFORE BE IT RESOLVED that the employer's contribution for each active and retired employee first hired on or after the effective date of this resolution shall be the amount necessary to pay the full cost of his/her enrollment, including the enrollment of family members, in a health benefits plan or plans up to a maximum of the Kaiser Family rate plus Administrative fees and Contingency Reserve Fund, but not more than 100 percent of the premium applicable to him or her, nor less than the 100 percent of the weighted average of the health benefits plan premiums for employees or annuitants enrolled for self alone plus 90 percent of the weighted average of the additional premiums required for enrollment of family members in the four health benefits plans that have the largest number of enrollments; and BE IT FURTHER RESOLVED that the percentage of employer contribution payable for post retirement health benefits for each retired employee shall be based on the employee's completed years of credited service based upon Government Code Section 22825.5; plus administrative fees and COntingency Reserve Fund assessments; and BE IT FURTHER RESOLVED that coverage under the Act be effective on April 1, 2004. PASSED, APPROVED AND ADOPTED this 2nd day of March, 2004. AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk Attachment 1