REPORT TO THE CITY COUNCIL
January 17, 2019
FROM: JEFF CARDELL, Director of Personnel Services
Personnel Services Department
BY: KEN PHILLIPS, Labor Relations Manager
Personnel Services Department
SUBJECT
Title
BILL - (For introduction) - Amending Section 3-422 of the Fresno Municipal Code relating to the redeposit by members of the Fire and Police Retirement System of contributions withdrawn by former spouses
Body
RECOMMENDATION
It is recommended that Council approve the introduction of the ordinance amending Section 3-422 of the Fresno Municipal Code ("FMC") relating to the redeposit by members of the second tier of the Fire and Police Retirement System of contributions withdrawn by former spouses.
EXECUTIVE SUMMARY
The FMC does not currently allow for members of the Police and Fire Retirement System to redeposit any accumulated contributions withdrawn by an ex-spouse or terminated registered domestic partnership. The attached ordinance will amend Section 3-422 of the FMC, "Dissolution or Legal Separation or Termination Prior to a Member's Retirement," to allow the redeposit by members of the Fire and Police Retirement System of contributions withdrawn by former spouses.
BACKGROUND
The FMC does not currently allow for members of the Police and Fire Retirement System to redeposit any accumulated contributions withdrawn by an ex-spouse or terminated registered domestic partnership. At the request of the Fresno Police Officers Association (FPOA), the City and FPOA explored the possibility of allowing members of the Fire and Police Retirement System to "buy back" a portion of a member's retirement benefit that was awarded to an ex-spouse or a terminated registered domestic partnership. An actuarial study was conducted to determine the impact of amending provisions of the FMC relating to "Dissolution or Legal Separation or Termination Prior to a Member's Retirement," with the understanding that there would be no cost to the City and no neg...
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