Title
Incorporated County of Los Alamos Resolution No. 24-18, A Resolution Increasing Pick-up for PERA Contributions Previously Established by Resolution No. 22-23, by Authorizing the Incorporated County of Los Alamos to Pick-up 5.32% for FY25 and 5.47% for FY26 of PERA Member Contributions for Members Covered Under Municipal Police Plan 5
Recommended Action
I move that Council adopt Incorporated County of Los Alamos Resolution No. 24-18, a Resolution Increasing Pick-up for PERA Contributions Previously Established by Resolution No. 22-23, by Authorizing the Incorporated County of Los Alamos to Pick-up 5.32% for FY25 and 5.47% for FY26 of PERA Member Contributions for Members Covered Under Municipal Police Plan 5 as amended.
County Manager's Recommendation
The County Manager recommends that Council adopt Incorporated County of Los Alamos Resolution No. 24-18 (Revised).
Body
On November 15, 2022, the County approved Amendment No. 1 to the Collective Bargaining Agreement (CBA) with the International Union of Police Associations, IUPA, Local #14 and Resolution 22-23. Amendment No. 1 and Resolution 22-23 committed to including an additional pick-up of PERA contributions for the bargaining unit’s employees in the Municipal Police Plan 5 through the term of CBA in effect until June 30, 2024.
For FY24, N.M. Stat. Ann. § 10-11-84(C) increased both the employee and employer contribution portions. To remain aligned with the negotiated language in the CBA, the County was required to pass Resolution 23-15. Resolution 23-15 authorized an additional pick-up that reflects 5.17 percent of employee contributions for FY24. After that additional pickup, the employee contribution percentage was 13.63 percent of the employees’ salary for FY24. The employer contribution percentage was 25.32 percent of the employees’ salary for FY24. Resolution 23-15 outlined this commitment in PERA contributions for PERA Municipal Police Plan 5 members employed by Los Alamos County through F...
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