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Council discusses raising employer share of public-safety retirement; votes to table for budgeting
Summary
Council heard a staff presentation on an optional, legally irrevocable employer pickup increasing the public-safety employer contribution from 4.73% to 5.98% (1.25-point increase); staff estimated the change could cost the city roughly $10,000 annually and the council tabled the formal resolution to the June 25 meeting pending budget work.
City staff presented an optional employer election to pick up part of public-safety retirement member contributions for employees in the public-safety plan. Staff said the current employer contribution is 4.73% and that an increase of 1.25 percentage points would raise the employer share to 5.98%.
Staff warned the council the election would be legally irrevocable once adopted and must be submitted before the June 30 deadline; it would also require the city to budget the ongoing cost. One staff speaker estimated the additional annual cost at approximately $10,000 for the municipality. Council members agreed the matter merited further review; without a formal resolution in hand, they voted to table the matter to the next meeting (June 25) and directed staff to return with numbers and a proposed resolution for adoption if the council wishes to proceed.
