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File #: 130481    Version: Name: Charter Amendment - Retiree Health Care Trust Fund
Type: Charter Amendment Status: Passed
Introduced: 5/21/2013 In control: Clerk of the Board
On agenda: Final action: 7/16/2013
Enactment date: Enactment #:
Title: Charter Amendment (Second Draft) to amend Charter, Sections 12.204 and A8.432, to limit Retiree Health Care Trust Fund disbursements to defray participating employer retiree health care costs until employer sub-trusts are fully funded; allow for disbursements from the City’s sub-trust if the City’s retiree health care costs are greater than ten percent (10%) of its total payroll costs even if the City’s sub-trust is not fully funded; permit modifications to these disbursement guidelines if recommended by the Controller after consultation with the City’s Governmental Accounting Standards Board actuary, and approved by the Mayor, two-thirds of the Board of Supervisors, and the Retiree Health Care Trust Fund Board; permit a participating employer to adopt disbursement guidelines if approved by a two-thirds vote of that participating employer’s governing board; and make the Controller, the City Treasurer, and the Executive Director of the San Francisco Employees’ Retirement System, or their designees, members of the Retiree Health Care Trust Fund Board.
Sponsors: Mark Farrell, David Chiu, Scott Wiener, Katy Tang, Norman Yee, London N. Breed, Malia Cohen, David Campos, Eric Mar
Attachments: 1. Leg_Ver1, 2. Leg_Dig_Ver1, 3. Comm_Packet_062013, 4. Leg_Ver2, 5. Leg_Dig_Ver2, 6. Comm_Packet_062713, 7. Board_Packet_070913, 8. Board_Packet_071613, 9. Leg_Final
Legislation Details
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