File #: 003794    Version: 1 Name: Public Employees' Retirement System
Type: City Resolution Status: Passed
File created: 7/7/2003 In control: Meeting of the Oakland City Council
On agenda: 7/29/2003 Final action: 7/29/2003
Title: Subject: California Public Employees' Retirement System-Agreement From: Office of the City Attorney Recommendation: Adopt a Resolution authorizing the City Manager on behalf of the City of Oakland to negotiate and execute an agreement with the Port of Oakland resolving the case of City of Oakland v. California Public Employees' Retirement System (PERS), which upheld PERS' decision that Port of Oakland "Airport Servicemen" and "Airport Operations Supervisors", classified as "Miscellaneous" Local Government Employees for retirement purposes, were entitled to be reclassified as "Safety" Employees, retroactive to July 1, 1976 and requiring that the Port of Oakland pay PERS the present value of the estimated net reclassification cost which the Port's actuary determined to be $5,915,256 as of June 30, 2002
Indexes: Settlement Agreement
Attachments: 1. 78004 CMS.pdf
Title
Subject:      California Public Employees' Retirement System-Agreement
From:      Office of the City Attorney
Recommendation: Adopt a Resolution authorizing the City Manager on behalf of the City of Oakland to negotiate and execute an agreement with the Port of Oakland resolving the case of City of Oakland v. California Public Employees' Retirement System (PERS), which upheld PERS' decision that Port of Oakland "Airport Servicemen" and "Airport Operations Supervisors", classified as "Miscellaneous" Local Government Employees for retirement purposes, were entitled to be reclassified as "Safety" Employees, retroactive to July 1, 1976 and requiring that the Port of Oakland pay PERS the present value of the estimated net reclassification cost which the Port's actuary determined to be $5,915,256 as of June 30, 2002
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