FINANCE AND ADMINISTRATION COMMITTEE |
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2. |
CONSIDER ADOPTION OF
RESOLUTION NO. 2024-01 RESCINDING RESOLUTION NO. 2023-15 |
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Meeting
Date: |
January 16,
2024 |
Budgeted: |
N/A |
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From: |
David J.
Stoldt, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Simona
Mossbacher |
Cost Estimate: |
N/A |
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General
Counsel Approval: N/A |
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Committee
Recommendation: The Finance and Administration
Committee reviewed this item on January 16, 2024 and recommended
___________________. |
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CEQA Compliance: This action
does not constitute a project as defined by the California Environmental
Quality Act Guidelines Section 15378. |
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SUMMARY: The Board adopted Resolution No. 2023-15 on
December 11, 2023 to Authorize an Exception to the Cal-PERS 180 day waiting
period for the rehire of Suresh Prasad based on the assumption that his
engagement as a retired annuitant would begin January 6th, 2024. Mr. Prasad’s retirement date precedes
the ordinary Cal-PERS “normal retirement age”, and as such a mandatory 60-day
waiting period must therefore be applied prior to his re-employment as a
retired annuitant. As approved, Resolution 2023-15 is inaccurate because
it does not accurately reflect this circumstance.
RECOMMENDATION: The Finance and Administration Committee
should recommend that the Board adopt Resolution No. 2024-01, Exhibit 2-A,
rescinding Resolution No. 2023-15
IMPACTS TO STAFF/RESOURCES: None
EXHIBIT
2-A Draft Resolution No. 2024-01
U:\staff\Board_Committees\FAC prev
Admin\2024\20240116\02\Item-2.docx