pages: CityCouncil/2019-02-19.pdf, 8
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CityCouncil | 2019-02-19 | 8 | Councilmember Oddie inquired whether the response rate of 10 to 15% is common. The Project Manager responded the previous program was suspended in 2012; stated the response rate is consistent for the year. Discussed working with policy established by Council to get an underground district; outlined Public Utilities Board (PUB) meetings; urged support from Council; Jerry Serventi, PUB. Vice Mayor Knox White moved adoption of the resolution. Councilmember Vella seconded the motion, which carried by unanimous voice vote - 5. (19-113) Resolution No. 15498, "Approving a Change in Dental Benefits for Public Safety Retirees Who Currently Receive Dental Benefits Through Memorandas of Understanding with the City of Alameda's Four Public Safety Bargaining Units (International Association of Firefighters, Alameda Fire Chiefs Association, Alameda Police Officers Association and Alameda Police Management Association) Effective January 1, 2019.' Adopted. The Interim City Manager gave a brief presentation. Mayor Ezzy Ashcraft stated there is a liability cost to the City's Other Post-Employment Benefits (OPEB) of roughly $630,000 for 2019 that will continue to grow if not funded; the goal is to help the City remain solvent. The Interim City Manager stated the Actuary is present to answer questions. Councilmember Daysog inquired whether the $600,000 liability figure is annual or over time. Luis Murillo, Nyhart Consulting, responded the figure is over time. Councilmember Daysog inquired whether the amount is cumulative over the long-term and over how many years. Mr. Murillo responded in the affirmative; stated approximately 30 years at roughly $25,000 per year. Mayor Ezzy Ashcraft stated the amount continues to increase over time if not regularly paid. Mr. Murillo stated the figure is an estimate; the actual figure will vary based on how many retirees take the dental benefit; assets will offset the $630,000 liability if funded. Councilmember Daysog noted $630,000 over 30 years is roughly $21,000 annually. Regular Meeting Alameda City Council 5 February 19, 2019 | CityCouncil/2019-02-19.pdf |