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This memorandum addresses the Salary Setting Commission regarding the Retirement Board stipend. It includes a recommendation to adopt a stipend increase for non-City employee members of the Retirement Board. The background details the history of stipend adjustments, including a previous increase from $225 to $250 per meeting and a consideration for a further increase to $260, which was not acted upon.
Key points
The memorandum is addressed to the Salary Setting Commission.
It discusses the Retirement Board stipend.
A recommendation is made to adopt the stipend increase.
Measure G was passed in November 2014, allowing biennial stipend recommendations.
In April 2017, the stipend was increased from $225 to $250 per meeting.
The City Council adopted the stipend increase on June 27, 2017.
A consideration for raising the stipend to $260 occurred on February 20, 2019, but no action was taken.
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Extracted text preview · 1,173 chars
SSC AGENDA: FILE No: TO: SALARY SETTING COMMISSION SUBJECT: RETIREMENT BOARD STIPEND FROM: Toni J. Taber, CMC City Clerk DATE: March 25, 2019 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 February 20, 2019, the Salary Setting considered raising the stipend from $250 to $260, but no action was taken. Toni J. Taber, CMC City Clerk For questions please contact Toni Taber, City Clerk, at (408) 535-1260.
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Generated summaryAI-assisted
Resolution No. 78279 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 $250 per monthly board meeting, an increase from the previous stipend of $225. This resolution follows a recommendation from the Salary Setting Commission and was adopted by the City Council on June 27, 2017.
Key points
Resolution No. 78279 increases the stipend for non-City employee members of the retirement boards.
The stipend is set at $250 per monthly board meeting.
The previous stipend was $225 per monthly board meeting.
The resolution was adopted on June 27, 2017.
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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 resolution follows recommendations from the Salary Setting Commission and is effective upon the adoption of Ordinance No. 29574.
Key points
Resolution No. 77481 establishes a stipend of $225 for non-City employee members of certain retirement boards.
The stipend was previously set at $150 per meeting.
The increase is based on recommendations from the Salary Setting Commission.
The resolution is effective upon the adoption of Ordinance No. 29574.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
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...