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Council Agenda Item Cover <br />________________________________________________________________ <br />MEETING DATE: <br /> April 20, 2009 <br />AGENDA ITEM TITLE: <br /> Proposed ordinance to correct base salary definition for <br />police and firefighters retirement system. <br />AGENDA SECTION: <br /> New Business <br />CAN THIS ITEM BE RESCHEDULED? : <br />No <br />BACKGROUND REVIEW: <br />The proposed ordinance corrects previously amended ordinance no. 6732, which was <br />passed January 25, 2008 to provide a benefit increase to certain retirees/beneficiaries— <br />Section 2.62.150 (H) 7). The attached reflects the amendment that was made via <br />ordinance no. 6604 (passed January 9, 2006), which changed the base salary <br />calculation from one-sixtieth (1/60) of aggregate compensation paid an employee during <br />the last five years of service to one thirty-sixth (1/36) of aggregate compensation paid <br />an employee during the last three years of service. <br />RECOMMENDATION: <br /> Staff recommends approving the attached ordinance, as it was <br />not intended to go back to one-sixtieth (1/60) aggregate compensation calculation which <br />was passed September 27, 2004 via ordinance no. 6505. <br /> <br />