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Labor & Workforce Committee

Wednesday, June 11, 2025 · 2:00 PM AM · Virtual/Du Burns Council Chamber, 4th floor, City Hall, Phone: #1-408-418-9388, Access code: 2343 583 3693, Password: Public, Link: https://bmore.webex.com/bmore/j.php?MTID=mdc97a427ee9ccce70c81be5c350aa985

TL;DR

The Labor & Workforce Committee met virtually to discuss updates to the city's retirement systems. Two key ordinances were reviewed and recommended favorably, focusing on clarifying membership and service definitions for the Employees' Retirement System's Board of Trustees and Retirement Savings Plan.

Key Decisions

  • Retirement Savings Plan Amendment Passed
  • Employees' Retirement System Board Membership Changes Passed
Agenda PDF Minutes PDF

Agenda

  1. CALL TO ORDER
  2. INTRODUCTIONS
  3. ATTENDANCE
  4. ITEMS SCHEDULED FOR PUBLIC HEARING
  5. 25-0042 Retirement Savings Plan – Clarifying Amendment FOR the purpose of clarifying the definition of “service” for the members of the Retirement Savings Plan; and providing for a special effective date.
    Ordinance
    Action: Recommended Favorably Passed

    A motion was made by Torrence that this Ordinance be Recommended Favorably. The motion carried by the following vote:

  6. 25-0044 Employees’ Retirement System – Board of Trustees – Membership and Qualifications FOR the purpose of making certain amendments to the membership and qualifications of the members of the Employees’ Retirement System’s Board of Trustees; and providing for a special effective date.
    Ordinance
    Action: Recommended Favorably Passed

    A motion was made by Torrence that this Ordinance be Recommended Favorably. The motion carried by the following vote:

  7. ADJOURNMENT
  8. THIS MEETING IS OPEN TO THE PUBLIC