DATE: December 15, 2015
TO: Board of Supervisors
SUBMITTED BY: Donald Kendig
Retirement Administrator
SUBJECT: Retirement Association - Salary Resolution Amendment
RECOMMENDED ACTION(S):
TITLE
Approve Salary Resolution Amendment for Fresno County Employees' Retirement Association (FCERA) as reflected on Appendix "E", on file with the Clerk to the Board of Supervisors, adding one (1) Staff Analyst position to Fresno County Employees' Retirement Association Org 9200 effective December 21, 2015
REPORT
Approval of the recommended action will allow FCERA to manage more effectively the needs of the retirement system and its members.
ALTERNATIVE ACTION(S):
If the recommended action is not approved, FCERA staffing will remain unchanged and services to FCERA's members and plan sponsors will continue to be impacted by the increased workload resulting from changes in the retirement plan and reporting requirements.
FISCAL IMPACT:
Costs for this position are included in the approved FCERA budget for fiscal year 2015-16 and are included as part of the retirement contribution rates charged to members and plan sponsors.
DISCUSSION:
FCERA provides a variety of complex services focusing on the administration and oversight of the retirement benefits to over 16,000 plan members and five plan sponsors. The system works with other retirement systems to ensure the integration of retirement benefits, investigates claims for disability benefits, processes monthly retirement benefits and demographic changes to over 6,000 retired recipients, monitors changes in statutory and regulatory requirements that impact the operation of the retirement program, and maintains the contribution and service records for over 9,000 active and deferred members.
FCERA communicates plan benefits to its members and plan sponsors in written, visual, and oral presentations; responds to requests under the California Public Requests Act; maintains a website; publishes quar...
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