FINANCE AND ADMINISTRATION COMMITTEE |
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ITEM: |
ACTION ITEM |
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2. |
CONSIDER ADOPTION OF
RESOLUTION 2023-15 AUTHORIZING AN EXCEPTION TO THE CALPERS 180-DAY WAIT
PERIOD FOR HIRING A RETIREE (SURESH PRASAD) |
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Meeting
Date: |
December 4,
2023 |
Budgeted: |
Yes |
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From: |
David J.
Stoldt, |
Program/ |
Salary & Benefits |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Simona
Mossbacher |
Cost Estimate: |
$93,552 |
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General
Counsel Approval: N/A |
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Committee
Recommendation: The Finance and Administration
Committee reviewed this item on December 4, 2023 and recommended
___________________. |
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CEQA Compliance: This action
does not constitute a project as defined by the California Environmental
Quality Act Guidelines Section 15378. |
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SUMMARY: The District’s CFO/Administrative Services Manager, Suresh Prasad, will retire on January 5, 2024. The new CFO/ASD Manager, Nishil Bali, has officially started as of November 30th, 2023. However, due to the short timeframe before Mr. Prasad’s retirement, there is a need for Suresh’s continued assistance past his retirement date to ensure Mr. Bali is fully trained on all aspects of District Finances and Administration. Mr. Prasad’s unique experience and historical knowledge, after 12 years with the District, make him the only individual who can assist and train Mr. Bali on these functions.
It would greatly benefit the District to offer a limited-term, part-time contract as a retired annuitant to Mr. Prasad. The contract would be for Mr. Prasad to act as contract employee at his former hourly rate of $97.45, for up to 960 hours from January 6, 2024 through December 31, 2024. He would not receive any benefits, other than those mandated by state and federal law.
The California Public Retirement System (CalPERS) requires that the governing body of any agency wishing to hire a retiree prior to 180-days following their retirement date, pass a resolution to that effect. The resolution must be presented and considered in open session, not on the consent calendar.
RECOMMENDATION: The Finance and Administration Committee
should recommend that the Board adopt Resolution 2023-15, Exhibit 2-A, authorizing an
exception to the CalPERS 180-day wait period to hire Suresh Prasad as a
part-time, limited-term employee.
IMPACTS TO STAFF/RESOURCES: The cost to the District for a 12-month, part-time contract would not exceed $93,552.
EXHIBIT
2-A Draft Resolution 2023-15
U:\staff\Board_Committees\FAC prev
Admin\2023\20231204\02\Item-2.docx