Item Coversheet

ASSEMBLY AGENDA/MANAGER'S REPORT
THE CITY AND BOROUGH OF JUNEAU, ALASKA

Ordinance 2020-09(BC) An Ordinance Appropriating to the Manager the Sum of $7,260,772 to Fund the City and Borough of Juneau and Bartlett Regional Hospital's Fiscal Year 2021 Public Employees' Retirement System (PERS) Contribution; Funding Provided by the Alaska Department of Administration.

MANAGER'S REPORT:

This ordinance would appropriate $7,260,772 for the State of Alaska’s FY2021 8.85% PERS benefit rate paid on-behalf of the CBJ and BRH, distributed as follows:

 

City and Borough of Juneau                                                   $3,576,682

Bartlett Regional Hospital                                                      $3,684,090

 

Funding is provided by the Alaska Department of Administration, authorized by passage of HB205 during the 2020 legislative session.

 

This is a housekeeping ordinance to properly account for these on-behalf contributions to the state-managed retirement fund and has no impact on the CBJ or BRH’s finances.

 

The Assembly Finance Committee will review this request at the September 29, 2021 meeting. The Systemic Racism Review Committee will review this request at the September 14, 2021 meeting. 

RECOMMENDATION:

The City Manager recommends the Assembly introduce this ordinance and set it for public hearing at the next regular Assembly meeting.

ATTACHMENTS:
DescriptionUpload DateType
Ordinance 2020-09(BC)8/31/2021Appropriating Ordinance