FROM: Amy McInerny, Chief Financial Officer
SUBJECT: SBCERA Resolution 2019-3 - Employer Pay Codes of Employee Compensation
RECOMMENDATION:
title
Approve SBCERA Resolution No. 2019-3 - Employer Pay Codes of Employee Compensation.
body
BACKGROUND:
The SBCERA Board of Retirement (Board) is required by Government Code Sections 31461, 31542, 7522.10, and 7522.34, as well as Board Benefits Policy No. 26, Compensation Earnable and Pensionable Compensation, to determine what items of member compensation are included or excluded in employee compensation upon which appropriate contribution rates should be applied and upon which retirement benefits are calculated. When an employer presents a new pay item/code, SBCERA staff initially determines whether such items will be considered "compensation earnable" or "pensionable compensation, which determination will be effective immediately, subject to ratification by the Board.
On March 7, 2019, the Board reviewed and adopted a pay code resolution. Since the adoption, staff reviewed four additional pay code requests from participating employers and made the following determination.
Employer
Pay Item / Code
Earnable Compensation
(Tier I)
Pensionable Compensation
(Tier II)
County of San Bernardino
Differential Correctional Nurse Cert.
Yes
Yes
Differential - 4N Stroke Unit
Yes
Yes
Differential - Field Commander
Yes
Yes
Big Bear Fire Authority
Leave Accrual Cash Out
Yes
No
Based on the initial determination, staff requests that the Board ratify staff's determination of the inclusion or exclusion as compensation earnable or pensionable compensation of the above pay item/code.
The resolution (Exhibit A) including Exhibits A through L sets out by employer these existing items of compensation, identified by employer pay codes, which will be included in compensation earnable for Tier I members, and Exhibit M sets out pensionable compensation for Tier II members, effective September 5, 2019 for all employers....
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