pages: CityCouncil/2015-04-07.pdf, 6
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CityCouncil | 2015-04-07 | 6 | (15-229) Recommendation to Receive an Update to the July 23, 2013 Report on the City's Other Post-Employment Benefits (OPEB) Liabilities. The City Manager gave a Power Point presentation. Councilmember Ezzy Ashcraft inquired whether evaluations are done annually, to which the Assistant City Manager responded every 2 years. Councilmember Ezzy Ashcraft inquired when this year's actuarial is expected. Doug Pryor, Bartel and Associates, responded four to six weeks before presenting to staff; stated his firm is still collecting data and does not have all the information to proceed. Councilmember Daysog stated the OPEB unfunded liability is distributed in two ways: one for people who are retired and the other for people still working. Vice Mayor Matarrese inquired whether assumptions on solutions and the liability project an 8% increase in health costs per year and the same number of active employees, to which the City Manager responded in the affirmative; stated the assumption is to continue to budget for full time staffing, but not increasing or decreasing. Councilmember Daysog stated people should understand that if assumptions change, all modeling that has been done could potentially change; staffing levels and benchmarks are important points; employee numbers maintain when the proposal moves forward. The City Manager stated adding another body would increase pension and healthcare in the future which needs to be managed over the years; the full cost has to be addressed in every decision which does not happen in local government. Mayor Spencer inquired whether there is a dollar amount for unfunded PERS. The City Manager responded he does not have the PERS amount tonight. Mayor Spencer stated that she would like to see a written report that includes the numbers and slides not included in tonight's presentation. The City Manager stated everything presented tonight will also be presented to the public on April 16th. Mayor Spencer stated she wants to make it clear to the public that the item is coming back to the Council at a Special Meeting on April 29th Regular Meeting Alameda City Council 6 April 7, 2015 | CityCouncil/2015-04-07.pdf |