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HomeMy WebLinkAboutResolution 2015-149 N.C.S. 09/21/2015Resolution No. 2015-149 N.C.S. of the City of Petaluma, California RATIFYING THE SIDE LETTER OF AGREEMENT BETWEEN THE CITY OF PETALUMA AND THE PETALUMA PROFESSIONAL AND MID -MANAGERS ASSOCIATION FOR EMPLOYEES OF UNIT 4 (PROFESSIONAL), UNIT 9 (MID -MANAGERS), AND UNIT 11 (CONFIDENTIAL) REGARDING ESTABLISHMENT OF A RETIREE HEALTH SAVINGS ACCOUNT WHEREAS, the City of Petaluma ratified the Memoranda of Understanding between the City of Petaluma and the Petaluma Professional and Mid -Managers Association for Employees of Unit 4 (Professional), Unit 9 (Mid -Managers), and Unit 11 (Confidential) which included a provision for the establishment of a Retiree Health Savings Account; and WHEREAS, the Parties have learned that, as a result of the evolving impacts of the Affordable Care Act, there could be negative consequences to an RHSA not initially foreseen; and WHEREAS, the Parties have met and conferred and reached agreement on the Side Letter of Agreement attached hereto as Exhibit A; and WHEREAS, the City Manager has reviewed and concurs with said Side Letter of Agreement and does recommend that the City Council ratify this Side Letter of Agreement. NOW, THEREFORE, BE IT RESOLVED that the Side Letter of Agreement attached hereto as Exhibit A is ratified and the terms and conditions of said Side Letter of Agreement shall be effective September 3, 2015 through June 30, 2016. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the ,.{gip ro ed s to Council of the City of Petaluma at a Regular meeting on the 21" day of September, 1 form - 2015, 2015, by the following vote: ¢° City Attorney AYES: Barrett, Mayor Glass, Healy, Kearney, King, Vice Mayor Miller NOES: None ABSENT: Albertson ABSTAIN: None ; r ATTEST: City Clerk ayor Resolution No. 2015-149 N.C.S. Page 1 Exhibit A Side Letter of Agreement Between the City of Petaluma and the Petaluma Professional & Mid -Managers Association — Units 4, 9 and 11 Retiree Health Savings Account September 3, 2015 — June 30, 2016 Representatives of the City of Petaluma and the Petaluma Professional & Mid -Managers Association ("Association") Units 4, 9 and 11 have met and conferred and reached agreement on this Side Letter of Agreement regarding Section 31 of the Unit 4 MOU, Section 36 of the Unit 9 MOU, and Section 37 of the Unit 11 MOU, which read: RETIREE HEALTH SAVINGS ACCOUNT (RHSA) The City shall make available to members of this Unit the City's Retiree Health Savings Account. Both parties acknowledge that the Memorandum of Understanding (MOU) for Units 4, 9 and 11 now in effect were negotiated in good faith. Following ratification, employees in Units 4, 9 and 11 each made an election to place the lump sum payments made by the City in either a 457 account or the RHSA, with the understanding that the City would hold the funds for those electing the RHSA until such time that the RHSA was established. The City undertook its due diligence to establish a Retiree Health Savings Account in the manner discussed by the Parties. In doing so, the Parties learned that there could be negative consequences to an RHSA not initially foreseen as a result of the evolving impacts of the Affordable Care Act. Therefore, parties agree to the following: All six (6) Unit 4, 9 and 11 employees who elected to place their lump sum payments in an RHSA shall instead place those payments in a 457 Plan offered by the City. Each employee shall provide documentation to the Human Resources Department no later October 31, 2015, indicating which 457 Plan the employee wishes to use for the lump -sum payment. The City agrees to add to the lump sum payment any interest the City earned on the funds, divided proportionally between the six (6) employees, during the time the City held the funds on behalf of the employees. All other provisions of the Unit 4, 9 and 11 MOUs remain in effect. For the Petaluma Professional & Mid -Managers Association — Units 4, 9 and 11 Katie Crump, President Date Dennis Wallach, Representative Date For City of Petaluma Dianne Dinsmore, Director of Human Resources Date Resolution No. 2015-149 N.C.S. Page 2