HomeMy WebLinkAboutRESOLUTION 1997-25Suggested by: AdministratiOn
City of K~nai
RESOLUTION NO. 97-28
A RBSOLUTION OF TH~ COUNCIL OF ~ CITY OF KENAI, ALASKA. /.' .: ....
ELECTINO TO PARTICIPATE IN TI-IH I~TIRBM~NT INCBNTIVE PROO. RAM'.
(PROORAM), CHAPTER 4 FIRST SPECIAL SLA 1996, AND AUTHORIZlNO THE
CITY MANAOF, R TO ENTER INTO ~ AOREEMENT WITH THE .:."
ADMINISTRATOR OF THE PUBLIC EMPLOYEES' RETIREMENT sYSTEM "
(PERS) TO FUND THE COST OF PARTICIPATION IN THE PROORAM. ..
WHERI~AS, the City is seeking ways to reduce costs without having to lay off or
terminate qualified employees; and
WHEREAS, the City is an employer in the PERS and is elisible to participate in'the
Program under Chapter 4, First Special SLA 1996, which took effect on July 1, 1996.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that: -"
.~_9.n~: For the purposes of Chapter 4, First Special SLA 1996, the ~~
the Police and Fire Departments and the Airport Special Revenue Fund are designated aa.
eligible to participate in the Program. All employees in these departments in positions-..
which will be eliminated, restructured, or employees who would be affected by bumping
during the upcoming budget year may participate in the Program if they so choose;
Section 2: Through its participation in the Program, there will be an overaIl
personal services cost savings to the City sufficient to fund each elisible employee's
participation in the Program;
Section.3: It is understood that the total cost for designating the Police .and Fire
Departments and Airport Special Revenue Fund as eligible to participate in the Program is
$124,356 (prior to final adjustments) and must be paid to PERS within three (3) years;..
~: It is understood that an administrative fee of $1,244 (one percent'of
total cost in 3 above) will be paid to the PERS within 30 days of the signing oftha'
agreement;
Resolution No. 9%25
Pase Two
,-~....,..~,.::':., /:.. - . ~..'.'.'"'i"i', "~" .' '..' ,:. :'
~glJ9~: Th, City ManaSeroft~e CitYOfI~*naiisaUtho*~.t~'~t°rinto a: .~. :..' '"....
financial asreement with the PBRS.to i hnplement thC. prOgram and:to-
for the cost ofthe Prosrarp. ".
PASSBD BY THE COUNCIL OFTHE':CI~.OV
ATTEST:
Carol L. Freas, City Clerk
Approved by Finance:
(5/12/97) kl :,