Agenda - 10-05-2010 - 4i - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 5, 2010 Action Agenda Item No. ~- ~ I SUBJECT: Second Reading: Amendment to the Orange County Personnel Ordinance Article IV, Section 9.4 Supplemental Retirement [401(k)] Employer's Contribution DEPARTMENT: Human Resources PUBLIC HEARING: (YIN) No ATTACHMENT(S): Attachment 1. Change to the Orange County Personnel Ordinance effective with the FY 2010-11 Budget: Article IV, Section 9.4 Supplemental Retirement [401(k) Plan] Employer's Contribution INFORMATION CONTACT: Michael McGinnis, Human Resources Director, 245-2552 Clarence Grier, Financial Services Director, 245-2453 Annette Moore, Staff Attorney, 245-2317 Diane Shepherd, Benefits Manager, 245-2558 PURPOSE: To consider and approve on second reading an amendment to the Orange County Personnel Ordinance Article IV, Section 9.4 Supplemental Retirement [401(k)] Employer's Contribution BACKGROUND: Prior to FY 2009-10, Orange County contributed a flat dollar amount of $715 per year, or $27.50 per pay period, to the 401 (k) accounts for general employees, regardless of an employee's contribution. Law enforcement officers received the mandated 5% of salary contribution to their 401(k) accounts. In June 2009, the Board approved a resolution "Resolution Determining a Significant Financial Crisis Exists Which Will Result in a Decrease of Revenue to the County and Temporary Cost Saving Measures are Necessary to Balance the County's Budget for the FY 2009-2010." The Resolution authorized temporary changes in the Orange County Personnel Ordinance as a cost saving alternatives to consolidating, reorganizing or abolishing programs or departmental units which could have resulted in the loss of one or more non-vacant permanent or provisional positions. The cost saving alternatives were: suspension of the Supplemental Retirement [401(k) Plan] Employer Contribution provided in Article IV, Section 9.4 for non-law enforcement officer (LEO) employees; and the continuation of a Voluntary Furlough Plan, as provided in Article IV, Section 24.0. These measures were proposed to end June 30, 2010. However, on June 15, 2010, the Board of County Commissioners approved the extension of the resolution until June 30, 2011.