San Bernardino County Employees Retirement Association
File #: 25-053    Name:
Type: Action Item
File created: 2/10/2025 In control: BOARD OF RETIREMENT
On agenda: 3/6/2025 Final action:
Title: Recommend that the Board approve and adopt updates to General Policy No. 021 (Declining Employer Payroll Policy).
Attachments: 1. Exhibit A: General Policy No. 021 (Declining Employer Payroll Policy) - Redline

 

FROM:                                            Amy McInerny, Chief Financial Officer

 

SUBJECT:                                            General Policy No. 021 (Declining Employer Payroll Policy)                     

 

RECOMMENDATION:

title

Recommend that the Board approve and adopt updates to General Policy No. 021 (Declining Employer Payroll Policy).

body

 

BACKGROUND:

General Policy No. 005 involves the periodic review of Board Policies and indicates that the Administrative Committee shall review administration policies every three years.

 

Pursuant to General Policy No. 005, staff has conducted a review of General Policy No. 021 (Declining Employer Payroll Policy) and has found it consistent with its current practice.  Staff is therefore recommending renewal of General Policy No. 021 (Declining Employer Payroll Policy) without substantive change.

 

BUDGET IMPACT:

None.

 

STRATEGIC PLANNING GOAL/OBJECTIVE:

Prudent Fiscal Management

 

STAFF CONTACT:

Amy McInerny

 

ATTACHMENTS:

Exhibit A:                     General Policy No. 021 (Declining Employer Payroll Policy) - Redline