2020-11-03 CC Agenda - Additional Information related to Item #A6 - Retirement Incentive - Supplemental2020-11-03 CC AGENDA
ADDITIONAL INFORMATION RELATED TO ITEM #A6
CITY OF
E LS E GU N D O City Council Agenda Statement
Meeting Date: November 3, 2020
Agenda Heading: Consent
TITLE:
Retirement Incentive Program
SUPPLEMENTAL STAFF REPORT:
This staff report is supplemental to the Retirement Incentive Program Staff report on the
November 3, 2020 City Council Agenda.
Under Discussion, paragraph 2 should include an additional requirement which is bolded
below:
"There are certain criteria that need to be met to qualify for the incentive. These are
listed below:
1.) Eligible employees shall be full-time employees
2.) Employees who have been on active payroll status for the twelve (12) consecutive
month period preceding the closing date of the ESRIP application period
3.) Have a minimum of 3 years of City of EI Segundo service as of November 25, 2020
4.) Eligible for service retirement under CaIPERS rules
5.) Sign an agreement and release regarding participation in the program"
PREPARED BY: Donna Peter, Human Resources Consultant
REVIEWED BY: Joseph Lillio, Director of Finance/Interim Human Resources Director
APPROVED BY: City Manager's Office