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This memorandum addresses the Salary Setting Commission regarding the stipend for the Retirement Board. It includes a recommendation to adopt a stipend for non-City employee members of the Retirement Board, referencing previous adjustments made since 2014.
Key points
The memorandum is addressed to the Salary Setting Commission.
It discusses the stipend for non-City employee members of the Retirement Board.
Measure G was passed in November 2014, allowing the Salary Setting Commission to make biennial stipend recommendations.
In April 2017, the stipend was increased from $225 to $250 per meeting.
In March 2019, the stipend was raised from $250 to $260.
Limitations
The document does not specify the current recommendation amount for the stipend.
There are unresolved placeholders for the attachment name and matter file.
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Extracted text preview · 1,140 chars
SSC AGENDA: FILE No: TO: SALARY SETTING COMMISSION SUBJECT: RETIREMENT BOARD STIPEND FROM: Toni J. Taber, CMC City Clerk DATE: April 7, 2021 RECOMMENDATION a) Adopt recommendation for Retirement Board Stipend. BACKGROUND On November 2014, voters in the City of San Jose passed Measure G, amending the powers and duties of the Salary Setting Commission to include making biennial recommendations to the City Council regarding the monthly stipend for a non-City employee member of the retirement board or boards which administer the retirement plan or plans. On April 20, 2017, the Commission unanimously adopted the recommendation of a $25 per month increase from $225 to $250 (11 %) in the stipend per board meeting for non-City employee member of the Retirement Boards. On June 27, 2017, the City Council adopted the Salary Setting Commission’s recommendation to increase the Retirement Board stipend from $225 to $250 per meeting. At the meeting of March 20, 2019, the Salary Setting voted to raise the stipend from $250 to $260. Toni J. Taber, CMC City Clerk For questions please contact Toni Taber, City Clerk, at (408) 535-1260.
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Resolution No. 78279 increases the stipend for non-City employee members of the Boards of Administration for the Federated City Employees Retirement System and the Police and Fire Retirement Plan from $225 to $250 per monthly board meeting, as recommended by the Salary Setting Commission.
Key points
The resolution was adopted by the City Council of San Jose.
The stipend increase is effective from June 27, 2017.
The previous stipend was $225 per monthly board meeting.
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Extracted text preview · 2,178 chars
RD:SH 4/2772017 RES. NO. 78279 RESOLUTION NO. 78279 A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE SETTING THE STIPEND FOR NON-CITY EMPLOYEE MEMBERS OF THE BOARDS OF ADMINISTRATION FOR THE FEDERATED CITY EMPLOYEES RETIREMENT SYSTEM AND THE POLICE AND FIRE RETIREMENT PLAN, AS RECOMMENDED BY THE SALARY SETTING COMMISSION WHEREAS, in November 2014, voters in the City of San Jose passed Measure G, amending the powers and duties of the Salary Setting Commission (“Commission”) to include making biennial recommendations to the City Council regarding the monthly stipend for non-City employee members of the retirement boards which administer the City of San Jose retirement plans (“Retirement Boards”); and WHEREAS, on May 19, 2015, the City Council adopted a resolution approving the Commission’s recommendation to increase the stipend for non-City employee members of the Board of Administration for the Federated City Employees Retirement System and the Board of Administration for the Police and Fire Retirement Plan from $150 per monthly board meeting to $225 per monthly board meeting; WHEREAS, the Commission has made its recommendation dated April 20, 2017, regarding the amount of the...
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Generated summaryAI-assisted
Resolution No. 77481 sets the stipend for non-City employee members of the Boards of Administration for the Federated City Employees Retirement System and the Police and Fire Retirement Plan at $225 per monthly board meeting, increasing it from $150. This change is effective upon the adoption of Ordinance No. 29574. The resolution was adopted on May 19, 2015.
Key points
Resolution No. 77481 increases the stipend for non-City employee members of the retirement boards.
The stipend is raised from $150 to $225 per monthly board meeting.
The increase is effective upon the adoption of Ordinance No. 29574.
The resolution was adopted by the City Council on May 19, 2015.
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Extracted text preview · 2,504 chars
RD:SH :KML 5/6/2015 RES. NO. 77481 RESOLUTION NO. 77481 A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE SETTING THE STIPEND FOR NON-CITY EMPLOYEE MEMBERS OF THE BOARDS OF ADMINISTRATION FOR THE FEDERATED CITY EMPLOYEES RETIREMENT SYSTEM AND THE POLICE AND FIRE RETIREMENT PLAN, AS RECOMMENDEO BY THE SALARY SETTING COMMISSION WHEREAS, on February 25, 1997, the Council of the City of San Jose ("City Council") adopted Ordinance No. 25262 setting the stipend for non-City employee members of the Board of Administration for the Police and Fire Retirement Plan in the amount of $150.00 per board meeting; and WHEREAS, on April 1, -2003, the City Council adopted Ordinance No. 26845 setting the stipend for non-City employee members of the Board of Administration for the Federated City Employees Retirement System in the amount of $150.00 per board meeting; and WHEREAS, in November 2014, voters in the City of San Jose passed Measure G, amending the powers and duties of the Salary Setting Commission ("Commission") to include making biennial recommendations to the City Council regarding the monthly stipend for non-City employee members of the retirement boards which administer the City of...