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HomeMy WebLinkAbout05.d.1) (Handout) Memo from Christopher Ko re: Pension Benefits and Employee Relations Boot Camp • Central Contra Costa Sanitary District March 1, 2011 TO: HONORABLE BOARD OF DIRECTORS VIA: JAMES M. KELLY, GENERAL MANAGER 9 RANDALL MUSGRAVES, DIRECTOR OF,�DMI ISTRATION FROM: CHRISTOPHER KO, PROVISIONAL HUMAN RESOURCES MANAGER SUBJECT: PENSION BENEFITS & EMPLOYEE RELATIONS BOOT CAMP On February 17, 2011, Board President Hockett, Board Member McGill, Board Member Nejedly, and staff attended the Pension Benefits and Employee Relations Boot Camp for Elected Officials in Irvine. This event was sponsored by the California Foundation for Fiscal Responsibility. Approximately 200 public officials were in attendance along with 350 online participants. This memo will provide the Board with a summary of the discussion sessions.• Public Employee Pension Transparency Act This bill is currently being introduced in Congress by Representative Devin Nunes (CA). Currently, the government accounting standards allow states to use procedures that could understate their liabilities. California, for example, is expected to exhaust its pension funding by 2026. The bill is aimed to require state and local government pension plans to uniformly disclose their liabilities with the Secretary of the Treasury, who will then make the information available to the public through a searchable website. State and local governments that fail to disclose the requested information would have their tax - exempt bonding authority eliminated. According to data obtained by Representative Nunes' office, local government pension plans are underfunded by $574 billion. The bill also expressly states that the state and local pension obligations are solely the responsibility of those entities and that the federal government will not provide a bailout. Chapter 9 Bankruptcy Lisa Hill Fenning, a partner of Arnold & Porter LLP a former U.S. Bankruptcy Judge for the . Central District of California, provided information on filing for Chapter 9 bankruptcy as a municipality. In order to file, a public entity must be insolvent with the intent to confirm a plan to adjust debts and must have exhausted other alternatives to restructure debts. According to Ms. Fenning, bankruptcy provides a public entity with three advantages: it provides the entity with the leverage to negotiate with creditors and labor unions (including the ability to reject collective bargaining agreements in some cases), it forces all creditors and labor unions to work collaboratively on a solution, and it requires a neutral decision -maker (bankruptcy judge) to decide on the fairness of the proposed solutions. Ms. Fenning warned, however, that bankruptcy should be considered only as a last resort because it is expensive, can damage your credit rating, is distracting, politically charged, and has an uncertain outcome. Furthermore, case laws are still undeveloped on a municipality's ability to modify pension plans for existing employees and retirees. Honorable Board of Directors February 24, 2011 Page 2 • • Vested Benefit Rights and How to Successfully Negotiate on Those that Aren't Jeff Chang, a shareholder with the law firm Chang Rutherberg & Long, PC, offered his interpretation of the pension benefit rights for vested employees, and the common • understanding that modifying or reducing a public employee benefit plan may constitute a prohibited impairment of contract under the Constitution. Currently, public employees believe, based on judicial determinations, that a public employee has a vested right to their pension and that right cannot be altered unless "comparable new advantages" are exchanged in return. Mr. Chang, based on his analysis of the case law Kern v. City of Long Beach, offered his interpretation that public employees immediately obtain a right to participate in whatever public pension system is made available to them upon employment and that the system and its formulas can be changed, but not in away that deprives employees of what they have already earned. In other words, vested monies cannot be taken back. He further believes that "comparable new benefits" is only necessary where a change takes away already- accrued benefits. Therefore, he believes pension formulas could be changed going forward for vested employees. In conclusion, Mr. Chang suggested several approaches that employers can take to reduce pension costs, such as switching from a defined benefit plan to a defined contribution plan, moving to a multi -tier program of benefits, removing "spiking ", raising the normal retirement age for all plans, and reducing the employer's contribution towards the employee's mandatory contribution to retirement plans. Pension Costs and Retiree Medical Benefits Girard Miller, a Senior Strategist from PFM Asset Management LLC, provided an analysis of pension and OPEB costs to public agencies. He believes that the pension problem was exacerbated by benefit increases over the years, aggressive investment assumptions, no increases in employee contributions, and unfunded liabilities that were doubled in the 2008 bear • market due to investment losses. It should be noted that Mr. Miller's analysis was focused primarily on CaIPERS. He also stated that OPEB liabilities are a bigger issue for many agencies, and suggested that employers should review its actuarial required contribution (ARC) and unfunded actuarial accrued liabilities (UAAL) with their actuaries for OPEB. To reduce OPEB liabilities, Mr. Miller suggested reducing benefits for new hires, eliminating spousal and survivor benefits, increasing retiree co- payments on medical plans, and offering pro -rated benefits based on years of service (ex: employee earns $15 per month of retiree • medical stipend for each year worked). For more immediate results, Mr. Miller suggested that employers should eliminate Employer Paid Member Contribution (EPMC), require employees to contribute to OPEB, freeze OPEB with a CPI cap, raise retirement ages, and install anew retirement multiplier for new hires. He also suggested setting up an OPEB trust fund to reduce GASB ARC. • • Honorable Board of Directors February 24, 2011 Page 3 Negotiating Reductions in Employee Benefits Eddie Kreisberg, a Principal and a labor negotiator with Myers Nave, offered negotiation strategies on reducing employee benefits. He outlined the legal constraints under labor law (namely the Meyers- Milias -Brown Act, or MMBA), challenges elected officials can expect, unions' usual arguments against reductions, and potential benefit changes. Among his suggested benefit changes, Mr. Kreisberg included options such as adding a second tier for new hires with a lesser retirement formula and using the final three year average rather than the highest year, requiring employee contributions to pension, cost sharing on future rate increases, moving to ' a deferred compensation or other defined contribution options, requiring more years of service to qualify for retiree health benefits, fixing a flat dollar capon the employer's contribution towards health benefits, reducing health plan options, paying overtime based on statutory standard, and lowering the maximum accruals on leaves that would be eligible for cash -out upon separation. Mr. Kreisberg also cited the City of Stockton's Action Plan for Fiscal Sustainability, which was adopted by its City Council and served as a blueprint for labor negotiations. A copy is attached for your review. Conclusion The Boot camp provided a history of both retirement plans and OPEB, presented the magnitude of statewide and nationwide liabilities, and described some approaches to manage the liabilities. Many of the speakers had PowerPoint or additional written information which was part of the Bootcamp handout material. Copies are available, so please let staff know if you would like to have the information. • • attachments cc: Department Directors K. Alm D. Clinton D. Ratcliffe • M. Scahill C. Ko • Resolution No. 10-0199 STOCKTON CITY COUNCIL • RESOLUTION BY THE CITY COUNCIL OF THE CITY OF STOCKTON ADOPTING AN ACTION PLAN FOR FISCAL SUSTAINABILITY By City Council Resolution No. 10 -0166, adopted on May 26, 2010, the City declared a state of emergency based on fiscal circumstances; and The City is committed to implementing a plan that will restore long term fiscal integrity for the benefit of the City's citizens; and The City desires that its Action Plan be transparent and understandable throughout the community; and The City values its employees and wants to compensate them fairly and appropriately; and The City's labor contracts include a host of costs and features that create inappropriate escalating and unfunded liabilities; and The City desires to clearly articulate a plan that will serve as the blueprint for future egotiations now, therefore .-. �- aril, 1 } 1, 11 L" it (rod i`1' I H''1 ft t f` `J BE 11 12ESOLVVED BY --THE. COUNCIL OF THE CITY , : AS , FOLLO `*, . t . 4 s 7 1. The City Council of the City_Stockton hereby_ adopts the attached Action Plan for Fiscal Sustainability 1 r 2. The City Manager is authorized to take such actions as are appropriate to carry out the intent of this Resolution. PASSED, APPROVED and ADOPTED JUN 2 2 2010 • , ` N JOHN 1 ayor it i, o , the City of 5 0• ton 111111111ftea (, PP4 Ji wirstwirstAt...aw qt/ 'THER1T1 gr :iSSNt n/ ty Clerk 0 41el l r it of Stockton •DMAIGRPW SEICOS.. r .CM_Library:83542.1 City Atty: Review Date June 19 2010 ACTION PLAN FOR FISCAL SUSTAINABILITY . AS ADOPTED BY THE CITY COUNCIL OF THE CITY OF STOCKTON JUNE 22, 2010 Introduction The City of Stockton ( "the City ") faces immediate and long term challenges caused in part by escalating and unfunded costs in its labor agreements. The City greatly values its employees and the services they provide to the community. However, labor costs have escalated exponentially and unfairly, particularly when compared to the more modest wage and benefit programs covering the majority of the City's citizens. It is unacceptable that some of the City's labor unions ( have insisted on higher wages and benefits at a time of recession - when the City's unemployment rate is approximately 22°/ ;and the median household mcome'forsa family "of fouNis lust over $63 000 • T hy s en 1point A 1 oh PIa intended to serve as a Y oli'cyi t i cir the Qity's • •= '` u L-4> Li L.. labor relations program,' The City is committed to abiding by the Meyers - Milian -Brown Act ( "MMBA "), and will co to_ a my :Gip: ithi p artnerships whenever reasonably possible with labor. This Action Plan shall serve as the benchmark for future objectives with labor. Issues and Action Plan Principles Issue No. 1 — Transparency/ Hidden Costs: The City's labor agreements contain embedded costs and obligations that are often difficult for citizens to identify or understand. For example, the City's payroll system carries over 100 different "additional pay" codes ranging from "assignment pay" to "longevity pay" and others. In many instances, these are simply disguised forms of Page 1 regular salary. These additional pays make it difficult for the public to evaluate and understand the overall compensation of City employees. Action Plan Principle No. 1: The City shall reduce or eliminate "additional pay" categories. "Additional pays" will be authorized only when the additional pay is absolutely essential to the performance of special job tasks that are not encompassed within the job description. The City shall ensure that all compensation packages are fully, accurately and simply costed out, with total costs displayed to the public so that city residents can understand and evaluate the pay at issue. Unless there are exigent circumstances as determined by the City Council, labor agreements containing cost increases shall be publicized and made available at l least two weeks prior to adoption. Issue No. 2 — Transparency / Side Letters: The City is aware of certain "side agreements," other informal memoranda memorializing understandings between p ; si l {9 I " pra es" llege o tii t y S O de de adme s and labor I . r 1 and a re a e ( .past a st " , are .mn o a t e j b j e j caus the gY g " p practice pp . y ei increase costs, and detract from two critical principles: (1) the public has a right to know the contractual arrangem t ifin a � t g� ` ! p loy e s; and (2) pursuant to state law, labor commitments by a public agency must be approved by the City Council. Action Plan Principle No. 2: No side agreements or past practices shall be binding on the City unless the agreement or practice is approved in public by the City Council. New labor agreements shall supersede all previous agreements and practices, and shall not contain language preserving previous agreements or practices. Page 2 Issue No. 3 — Salary Formulae: Various City labor agreements contain wage and salary formulae that mandate automatic wage increases regardless of economic reality based upon compensation paid in other cities and /or changes in the cost of living. For example, the Police Officers Association ( "POA ") recently filed a grievance to enforce a wage formula that the POA contended required the City to give a 23% wage increase as of July 2008. The salary formula itself required the City to compare salaries from communities that have little or marginal relevance to Stockton, including Irvine, Glendale, Anaheim, Chula Vista and Bakersfield. The City eventually settled, resulting in a retroactive wage increase of 15% at a time when the City was in the midst of a financial crisis, and many of the City's citizens wer rsuffering from layoffs and reduced pay. The Fire Union is currently asserting the right to an 8.5% raise based on a similar I C. 2 E i m \; I r i `D t .erg e el, 4"1 r^mv sale formula, which conf auto alit adjust base, irrat` ional t ...r..1 comp to Q. �_ 11 I1 e tt 1 , communities including tel Garden Grove, kluntrngtowBeach,i Pasa a San Bernardino, Santa Ana and Torrance. In ad�di th contract would provide for a liVing 3.6% increase based u pon a t of i rrr ul `tr ! � . '�� Action Principle No. 3: The City's labor agreements shall not provide for automatic wage adjustments that are premised on formulae or automatic cost of living inflators. Issue No. 4 — Fairness and Parity: The City's labor agreements have staggered terms, meaning that they expire at different times. This results in a "ratcheting effect" — i.e., the next union to negotiate looks to the last agreement and attempts to negotiate a better agreement. It also results in differing benefit structures and work rules. And, it Page 3 makes it difficult to ensure across - the -board fairness in City -wide programs that should be given uniform treatment. Action Principle No. 4:' The City shall strive to have its labor agreements expire at the same time — particularly with public safety unions. Issue No. 5 — Contribution to Health and Welfare Benefits: Many of the City's employees make no contribution toward health benefits. For example, City firefighters pay nothing for health coverage, regardless of whether they are single, married or in a family plan costing over $1000 per month. This situation is in stark contrast to the vast majority of the City's residents, many of whom must contribute toward their health care, and some of whom have no health care coverage at all, The situation is not only costly and out -of -step with other jurisdictions, it is unfair. Action Principle No. 5: The City shall require its employees to make reasonable contributioEs.toward cost of +health care coverage provide'dithrough the City, , . = ,Li'' i IA. f ai I `', i r' ItslcIti t es` .,.� ei Issue No. 6 - Health Plan: The City currently offers only one health p an, a self- insured li gem I tl: Neal; or e ; vi vii plan, with the plan design itse embedded into various la contracta' Because the plan elements are embedded into labor contracts, it is cumbersome for the City to make changes that provide efficiencies and savings, even when those changes have little fiscal impact on employees and retirees. In addition, because the City only offers one plan — a quality plan that has a relatively high cost — City employees have no health care choices. Page 4 Action Principle No. 6: The City shall offer one or more additional health care insurance plans. The City's contributions shall be negotiated based on the lowest cost plan made available by the City. Issue No. 7 — Retirement: City employees are guaranteed a specific, annual pension at retirement. The City currently pays 100% of the retirement contribution to the California Public Employee's Retirement System (CaIPERS) for all employees. The City contribution is expected to exceed 20% of the City's payroll costs over the next few years for non - safety employees and 40% for safety employees. In addition, current retirement is based on the highest year of salary earned. This practice is inconsistent with both public and private sector employers. Regular, non - safety employees receive lifellong pensions calculated using a formula of "2% at age 55." �""'r".I r j'1 T cal ''1 9'+ tit -.~'t •} RegulacOity en-iployees withr30 7 years of services receive 60% of their highest 1 � ::� 1� I q U ye�er's'salary for life.' - .■ G+'I i . • Regular City employees with 20 .years of service receive 40 % _of their highest year's salary for life. • Retirees receive an annual COLA of up to 5% a year. Safety employees receive "3% at age 50." Upon retirement, an employee will annually receive 3% of their highest year's salary, multiplied by the number of years of service. • Safety employees with 30 years receive 90% of their highest year's salary for life. Page 5 • Safety employees with 20 years of service receive 60% of their highest year's salary for life. • Safety retirees receive an annual COLA of up to 2% a year. Action Principle No. 7: The City will require its employees to contribute a fair share of their pension costs. CaIPERS sets a required "employee" contribution: currently 7% for non -sworn employees, and 9% for sworn employees. City employees shall pay the entire employee contribution. In addition, the City shall negotiate "cost share" agreements with employees to share the total burden of city pension costs, as provided under PERS rules. Further, the City shall negotiate to establish a "second tier" pension benefit for new employees entering the workforce, costing less than the current plans and reducing overall City costs over the long run. Issue No. 8 — Time 00 Benefits: Currently, City �mployees receive paid time off for ii, holidays, :vacation da and sipk days Employees can ,accumulate pp tto i.8 weekCs of vacationannuallS& Vacation - - -time is converted t cash rough "sell back, -=or at termination or retirement. Employees can accumulate an unlimited amount of sick leave; half of an employee's sick leave is converted to cash at retirement and the other half can be added to years of service for the calculation of the retirement benefit. Staffing shortages, furloughs and closed Fridays create larger banks of accumulated vacation time that must be paid out when not used. The budget impact is often unpredictable and unmanageable, which reduces the City's ability to deliver services to the public. Action Principle No. 8: The City will establish vacation use work rules that limit the accumulation of vacation time and provide for use with management approval to • Page 6 ensure that the needs of the public take priority and overtime is minimized. The rules shall also limit the practice of converting vacation and sick leave to cash to situations when such cash -out is legally required. The City shall evaluate the current leave programs and implement reasonable reforms consistent with programs in the public and private sectors. Issue No. 9 - Work Rules: The labor contracts, and informal department policies, contain staffing work rules that limit management discretion and are highly inefficient. The Fire Union contract, for example, contains a variety of staffing mandates that purport to remove any discretion on the part of the City to adapt to the needs of the . service and modernize. For example, the labor contract provides that fire trucks must be staffed by five firefighters, when the vast majority of jurisdictions safely operate fire trucks with four persons, and the contract contains n€merous other dictates that hamper r n. t Fi f sjr ' n the re Chief s ability to manage t e workforce°efficii ntly f DI u; Action Principle tNo. '9 The C ity. -shall uregairil itsi management rights' to Cif supervise, manage and direct its workforce. The City shall.not enter into labor contracts Oc that contain inflexible staffing requirements or unreasonable restrictions on the City's management rights. Issue No. 10 — Overtime: The City's overtime practices are out -of -step with the federal Fair Labor Standards Act ( "FLSA "). In some highly publicized cases, employee overtime has exceeded employee base pay. There are opportunities for abuse when employees take sick or other leave that require the callback of another employee at overtime rates. Page 7 Action Principle No. 10: The City shall restructure its labor agreements to bring overtime obligations in line with the minimums required by the •Fair Labor • Standards Act. The City shall minimize the use of unnecessary overtime. • ::0DMMGRPWISETOS.CA.CA_Library:57812.1 1:44rri A;aa 0 a tgEi. tit ,r7 5 tail -4 h r..k44 N:c4 v74-4 ‘4, A r l o o t irr al " . 5 14 ... a. , Page 8