pages: CityCouncil/2008-01-15.pdf, 12
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CityCouncil | 2008-01-15 | 12 | Mayor Johnson stated healthcare benefits are only one part of pension costs; it is important for people to know how costs impact the General Fund and City services. Councilmember deHaan inquired whether the City Manager and Finance Director will come back with recommendations to which the City Manager responded recommendations will be presented during budget discussions. Councilmember deHaan inquired whether guidelines are requested from Council at this time, to which the City Manager responded not at this time. Mayor Johnson requested that the report and Power Point presentation be posted on the website. Councilmember Matarrese stated that all options should be presented during discussions Mayor Johnson inquired what is the discretionary portion of the General Fund, to which the Finance Director responded she does not have the number. The Finance Director stated that $58 million pays for salaries, benefits, and pensions. Councilmember Gilmore stated pension and retiree benefits need to be discussed; knowing the overall number would be useful. Councilmember Matarrese thanked Mr. Bartel for the clear presentation; stated that the charts depict where the impacts are and the seriousness of the situation. Mayor Johnson requested that the charts on Page 13 and 14 be changed so as to not assume a 4.5% medical inflation after ten years. Mr. Bartel stated the logic of going beyond ten years is not to attach precision to the numbers. Mayor Johnson stated that numbers should be provided for both the miracle case and worst case. Mr. Bartel stated that the worst case could be double digit inflation in the CalPERS premiums for the next thirty years; other things might happen before then he would like to talk with staff Regular Meeting Alameda City Council 12 January 15, 2008 | CityCouncil/2008-01-15.pdf |