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Coalition of LA City Unions: New Proposal for Early Retirement and MOU Changes to Save City Services, Avoid Layoffs and Furloughs
(click this headline)
Status of the Early Retirement Incentive Plan: Step-by-Step Timeline
Updated FAQs about ERIP as of 9-30-2009
Update on New Proposal as of October 1, 2009
1. Cover Letter from Bargaining Teams
2. Agreement Summary
3. Coalition Agreement, Full Text
4. Retirement Agreement, Full Text
5. Retirement Agreement, Scenarios and Incentives
PowerPoint Explanation of New Proposal Effect on Pay (use right arrow key to advance each screen)
Progress Report as of August 2, 2009 (MS Word document)
LACERS Staff Report on Amortizing Liability for the Early Retirement Incentive Plan for Ad Hoc Committee September 1, 2009
(includes links to numerous other previous reports)
Early Retirement Incentive Program Study #4: Consultant Report to LACERS Ad Hoc Committee September 1, 2009
Fiduciary Framework for Considering the ERIP Amortization Period--City Attorney Advice to LACERS Ad Hoc Committee September
1, 2009
LACERS Staff Report for August 3rd meeting on Amortization of Early Retirement (PDF: be patient--large report takes time to
download)
LACERS Staff Report for August 3rd meeting on Budgeting, Timeline, and Workload for Implementing Early Retirement Plan
Ratification Letter from Coalition to CAO (click here for PDF)
Confirmation Letter of Ratification dated July 23, 2009 from CAO to Department Heads (PDF)
Questions and Answers about Early Retirement plan from Employee Relations Bulletin July 24, 2009 (PDF document)
More information and updates from LACERS
Questions and Answers from SEIU 721 about the Early Retirement Plan details
Questions and Answers About the Early Retirement Plan from the Coalition of L.A. City Unions
LACERS Board Supports ERIP 09-09-09
RETIREMENT UPDATE....09/08/2009
On Tuesday, 9/8/9 the LACERS Board held a regular meeting at which
one of the agenda items was the
15 year amortization of the early retirement
plan which was negotiated
by the City and ratified by
the unions.
The LACERS Board has been the impediment to having the retirement plan move forward. Public comments
were made by Engineers and Architects union
officials, League of Women Voters, and perhaps one or two others all of whom
supported the FIVE year amortization and encouraged the rejection of the 15 year plan. Many others spoke encouraging
the Board to support of the 15 year plan.
Albert Johnson and
I reminded them that layoffs and work furloughs would occur and cause untold disruption to City services, if the 15 year plan was not approved(Verdel Flores
was there for moral support and to take notes). The Board discussed various aspects of the proposal; Rick Rogers(LACERS Board Member elected by UNION members) said that
the he supported the 5 year amortization and that the City never should have made this agreement and the City would lose when
it was it taken to court.
Then Sally Choi, Executive Director of LACERS, told the Board that they could still vote for the 5 year proposal and that
it has nothing to do with how the City handles the negotiated agreement and that the 15 year amortization is separate.
Finally
and narrowly the LACERS Board approved the 15 year amortization plan on a 4-3 vote.
The next hurdle to overcome is the City Council at their next
meeting on Tuesday, 9/15/9; (we heard it would begin at 9:00).
Roy Stone
Early Retirement Incentive UPDATE September 1, 2009
RETIREMENT INFORMATION...Slight
good news
The LACERS Ad Hoc Committee on Early Retirement held a meeting
on Sept 1; the first hour was public comments mostly from those favorable to the 15 year(amortization) proposal. Next
was a parliamentarian/attorney who discussed the role of the LACERS trustees and what their vote should focus on. The
next hour and a half was devoted to the actuarial company representative who went through aspects of the proposal and the
length of the payback time, including 0, 5, 8, 10 and 15 years; this consisted of lots of numbers and details. There
were a variety of questions from members of the committee. Finally the last 40 minutes was devoted to the committee
discussing the issue before them...should they vote on a recommendation to the full board and, if so, which proposal.
A
motion was made, but not seconded, to choose only among a 5, 8 or 10 year amortization for the repayment of the costs for
the early retirement program.
Them some more anxious moments until,
finally, a motion was made and carried by a 2 - 1 margin to recommend the 15 year proposal
to the full LACERS Board.
The next meeting of the full board is expected to take place next
week.
(The 15 year proposal is what the union members and the City have agreed to as a reasonable and
secure amount of time to pay for the increased costs related to Early Retirment)
Early Retirement Incentive UPDATE August 4, 2009
Another in a long line of roadblocks has developed in the form of concern expressed
by LACERS General Manager Sally Choi. Roughly her concerns are about the actuarial
study and that she believes that the amortized cost of Early Retirement paid by the employees should be paid in 5 years rather
than 15. This would make the payments far too costly for the employees.
The issue has been referred to a LACERS committee for review; LACERS DID NOT VOTE on the Early Retirement proposal on Monday.
Therefore, the City Council DID NOT VOTE
on it on Tuesday.
*** If you are planning on retiring then you should proceed with your plans;
there is an official document that refers to benefiting from an Early Retirement Incentive if/when it is implemented. But do read everything carefully and be sure it is clear to you
Next: Watch for additional emails
on progress. Also, check www.librariansguild.org for links to the full LACERS report and other interesting documents. (thanks to Richard Kraus)
THE CONTRACT PROPOSAL- INCLUDING THE EARLY RETIREMENT INCENTIVE PROGRAM, THE EXTENSION OF THE CONTRACT
AND THE SALARY CHANGES- WAS RATIFIED BY EVERY LOCAL IN THE
COALITION! THEREFORE, WORK FURLOUGHS AND LAYOFFS WILL
NOT BE IMPOSED ON MEMBERS OF THE COALITION. Overall the unions passed the measure by strong margins, with
most in the high 80 percent range.
AT THIS POINT WE HAVE BEEN TOLD THAT LACERS(L.A. City Employees Retirement System)
WILL BE MOVING FASTER THAN EXPECTED TO BEGIN THE PROCESS. ORIGINALLY SEPTEMBER SEEMED LIKELY, NOW IT LOOKS LIKE SOME
POINT IN AUGUST. SO, GATHER YOUR INFORMATION AND BE READY TO APPLY, IF YOU ARE INTERESTED IN TAKING ADVANTAGE OF THE
PROPOSAL. AND REMEMBER THAT IF YOU ARE PLANNING TO RETIRE WITHOUT THE EARLY RETIREMENT INCENTIVE PROGRAM IT HAS TO BE
AFTER THE 45 DAY WINDOW FOR EARLY RETIREMENT APPLICATIONS.
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A
few THANK YOU's are in order for their participation and hard work and dedication to your union; without these people things
don't happen, in addition to the considerations and discussions about the proposal ---Sheila Nash, Verdel Flores,
Albert Johnson, Theresa Webster, Richard Kraus; and the Mayoral Dog Team-
Sheila, Barbara Bozman, Henry Gambil, Richard, Adele Wallace, Marilyn Smithson, Robert Thornhill. To all the people
whose vote was so important they drove to Council 36 to complete their membership and get a ballot.
And to the
leadership of the Coalition- Cheryl Parisi whose foresight and direction propelled the Coalition, along with Julie Butcher,
and the leaders of the other unions, Operating Engineers Bob, Building Trades Daniel, Laborers Victor, and the Teamsters; and the hard working Barbara Maynard and Associates.
And to the hard working teams who had to put up with my, too frequent, panicked emails and calls, but who were always there
in the end- Dan Braun, Jeff Rogers.
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Like
all of the union's accomplishments, this was an effort of great magnitude from a group of people working weekends, nights
and any time to get the job done, from meeting with the negotiators late on Sunday nights, to planning a last minute
meeting and providing everything needed, to typing notes and writing all of those Coalition flyers, and so much more.
It is their efforts that made all of this work and get us to a successful conclusion. And in the end we have saved jobs,
saved our members' money and saved City services.....
.....but what of the state budget? All we can say is this
chapter is closed, the new one begins too soon.
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Roy
Stone
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