File #: 08-00152    Version: 1
Type: Agenda Item Status: Passed
File created: 2/8/2008 In control: BOARD OF SUPERVISORS
On agenda: 2/12/2008 Final action: 2/12/2008
Title: Receive and file Actuarial Report for Benefit Changes for Certain Employee Groups from the Retirement System's actuary, Milliman, regarding the anticipated financial impact of implementing changes in retirement benefits (three-year final average salary (FAS-3) and retirement half-rates) for employees represented by the Service Employees International Union Local 620 (Local 620), Service Employees International Union Local 535 (Local 535) and the Engineers and Technicians Association (ETA), and for unrepresented Confidential Employees (Unit 32). This action is part of the required process necessary to implement changes previously adopted by the Board.
Sponsors: HUMAN RESOURCES DEPARTMENT
Attachments: 1. Board Letter, 2. Attachment
Title
Receive and file Actuarial Report for Benefit Changes for Certain Employee Groups from the Retirement System's actuary, Milliman, regarding the anticipated financial impact of implementing changes in retirement benefits (three-year final average salary (FAS-3) and retirement half-rates) for employees represented by the Service Employees International Union Local 620 (Local 620), Service Employees International Union Local 535 (Local 535) and the Engineers and Technicians Association (ETA), and for unrepresented Confidential Employees (Unit 32).  This action is part of the required process necessary to implement changes previously adopted by the Board.
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