Item Coversheet

Item Number: 3.



MEETING DATE:  5/17/2016

DEPARTMENT:
COUNTY ADMINISTRATION OFFICE

DEPT HEAD/DIRECTOR:

AGENDA ITEM PREPARER:

SBC DEPT FILE NUMBER: 865

SUBJECT:

COUNTY ADMINISTRATION OFFICE - R. ESPINOSA

Presentation on Public Agency Retirement Services (P.A.R.S.) Discussion including but not limited to:

  • Reasons to discuss this topic
  • Rainy Day Policy
  • Possible Allocation Amounts.

Action to include adopting attached resolution and authorizing the CAO to approve agreement after negotiations with PARS, and to execute the final agreement as approved by both parties.  

SBC FILE NUMBER: 865



AGENDA SECTION:

REGULAR AGENDA

BACKGROUND/SUMMARY:



BUDGETED:



SBC BUDGET LINE ITEM NUMBER:



CURRENT FY COST:



STAFF RECOMMENDATION:

Staff recommends that the Board adopt the attached resolution, and authorize the CAO to approve the agreement after negotiations with PARS, and to execute the final agreement as approved by both parties.  



ADDITIONAL PERSONNEL:


BOARD ACTION RESULTS:

Adopted Resolution No. 2016-32. (4/0 vote, Chairman Rivas was absent)
ATTACHMENTS:
DescriptionUpload DateType
resolution5/15/2016Resolution Letter
PARS Administrative Services Agreement 051720165/12/2016Backup Material
PLR from IRS 051720165/12/2016Backup Material