TO: Board of Supervisors
FROM: Thomas Zeleny, Interim County Counsel
REPORT BY: Susan Altman, Deputy County Counsel
SUBJECT: A Resolution Amending Napa County's 401(a) Retirement Savings Plan
RECOMMENDATION
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County Counsel and the Deferred Compensation Board of Control request adoption of a resolution amending Napa County's 401(a) Retirement Savings Plan allowing Napa County employees who are members of Service Employee International, Local 1021 to be eligible for the 401(a) Plan.
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EXECUTIVE SUMMARY
The Napa County 401(a) Retirement Savings Plan (Plan) currently only allows for Napa County Non-Classified employees, Napa County Confidential employees, and Napa County Management employees, and some non-County Member agencies, to be Plan participants. Every year, the Board of Supervisors can take an action to match employees' 457 deferred compensation contributions. Plan participants who are County employees receive the Board's match. This Resolution would amend the Plan and would allow all Napa County Employees who are members of Service Employees International, Local 1021 (SEIU) to be eligible to participate in the Plan and therefore eligible to receive any approved Board of Supervisor's 457 match. On November 17, 2022, the Napa County Deferred Compensation Board of Control approved an action recommending that the Board of Supervisors amend the Plan so that employees who are members of SEIU to be Plan Participants.
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact?
Yes
Is it currently budgeted?
No
Where is it budgeted?
General Fund
Is it Mandatory or Discretionary?
Discretionary
Discretionary Justification:
This allows the Board to fulfill its Agreement to provide matching made during bargaining.
Is the general fund affected?
Yes
Future fiscal impact:
Funds will be budgeted in future fiscal years.
Consequences if not approved:
The County would not fulfill an Agreement made during bargaining.
County Strategic Plan pillar addressed:
Livable Ec...
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