DATE: September 21, 2021
TO: Board of Supervisors
SUBMITTED BY: Hollis Magill, Director of Human Resources
SUBJECT: Deferred Compensation Incentive for COVID-19 Vaccination
RECOMMENDED ACTION(S):
TITLE
Approve a one-time $500 contribution to the County of Fresno 457(b) Deferred Compensation Plan account of permanent active employees who demonstrate proof that they are fully vaccinated against the COVID-19 virus on or before November 16, 2021.
REPORT
There is no Net County Cost associated with this item. The goal of the recommended action is to incentivize County employees to become fully vaccinated against the COVID-19 virus. American Rescue Plan Act of 2021 (hereafter, "ARPA") funds will be used to reimburse the County for its contributions to the County of Fresno 457(b) Deferred Compensation Plan (hereafter, "Deferred Compensation Plan").
For the purposes of the recommended action, fully vaccinated means that the employee must have received the full course of a vaccine by the described date; it does not mean that an employee only receives one (1) dose of a vaccine whose full course of treatment requires two (2) doses. As this is an employer contribution to a supplemental retirement account, approval of the recommended action will not increase employees' pensionable earnings. This item is Countywide.
ALTERNATIVE ACTION(S):
Your Board may choose not to offer County employees an incentive to become fully vaccinated. However, this may lead to fewer employees becoming fully vaccinated, which would negatively impact continuing County operations.
FISCAL IMPACT:
There is no Net County Cost associated with the recommended action. The full cost of the incentive payment, assuming that all permanent active employees provide proof of full vaccination on or before November 16, 2021, is anticipated to be approximately $3,750,000. Costs will be paid for through each departments' FY 2021-22 budgets and should be reimbursable via ARPA funding as a qualifying expense. T...
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