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HomeMy WebLinkAboutGM OrdinanceV2,Attachment 2 Attachment 2, Revised UCKEE DONNER —TP-!bl�c U..tility District A Ordinance No. 2012 - 03 EFFECTING THE EMPLOYMENT AGREEMENT FOR THE GENERAL MANAGER WHEREAS, the Board of Directors employs a General Manager to manage the day by day affairs of the District; WHEREAS, the Board of Directors executed an Employment Agreement wit theigeneral Manager that expires on June 30, 2015; WHEREAS, the Board of Directors wish to comply with provisions of AB340, mandating employees to pay 50% of the "normal costs" of their CalPERS pensionable wages. THEREFORE, BE IT ENACTED by the Board of Directors of the District that effective thirty days from the date of passage of this ordinance the following actions occur: 1. The General Manager's Employment Agreement term shall be revised to reflect that beginning January 1, 2013; the employee shall pay 50% of the "normal cost" of the plan, up to 8% of pensionable wages. The employee shall receive a contribution equal to 2.64% of his Base Salary at the time the contribution is made into a flexible spending benefit. The contract amendment is included as Exhibit "A". 2. That the District Clerk i di cted to publish this ordinance in accordance with the laws of the State of California. PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility District at a regular meeting thereof duly called and held within said District on the fifteenth day of November 2012 by the following roll call vote: AYES: NOES: ABSTAIN: A SFIT: TRUCKEE DONNER PUBLIC UTILITY DISTRICT By Tony Laliotis, President of the Board ATTEST: Michael D. Holley, Clerk of the Board