02 - Laserfiche WebLink

Attachment 2 MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF LIVERMORE AND THE CITY OF PLEASANTON RELATED TO PENSION OBLIGATIONS AND EMPLOYMENT RETIREMENT BENEFITS FOR PERSONNEL ASSIGNED TO THE LIVERMORE-PLEASANTON FIRE DEPARTMENT JOINT POWERS AUTHORITY THIS MEMORANDUM OF UNDERSTANDING ("MOU") is entered into this day of 201, between the CITY OF LIVERMORE, a municipal corporation ("Livermore") and the CITY OF PLEASANTON, a municipal corporation ("Pleasanton"). RECITALS A. Livermore and Pleasanton entered into an Amended and Restated Agreement dated related to the Livermore -Pleasanton Fire Department Joint Powers Authority ("LPFD JPA"); and B. Section 4.1 of the LPFD JPA provides in relevant part that "...liability for pension obligations and past employment retirement benefits for personnel assigned to the Authority by Pleasanton shall be shared by Livermore and Pleasanton, as detailed in a separate agreement adopted by the respective City Councils for Livermore and Pleasanton and revised from time to time when adjustments to suppression staffing ratios are made." C. Livermore and Pleasanton have agreed upon actuarial valuations to determine each parties share of: 2018/19 through 2021/22 Other Post -Employment Benefits ("OPED") unfunded liabilities; and 2018/19 through 2019/20 CaIPERS unfunded liability and employer contributions for personnel assigned to the LPFD JPA. D. The parties intend to amend this MOU from time to time as actuarial valuations are available to determine the cost sharing for future years, when adjustments to suppression staffing ratios are made. NOW, THEREFORE, the parties agree as follows: 1. Funding OPEB costs for personnel assigned to the LPFD JPA shall be in accordance with the cost allocation set forth in Exhibit A. 2. Funding CaIPERS unfunded liability and employer contributions for personnel assigned to the LPFD JPA shall be in accordance with the cost allocations set forth in Exhibit B. 1