City of San Antonio - File #: 15-4476

• File #: 15-4476
• Type: Misc - Professional Services Agreements
• In control: City Council A Session
• On agenda: 9/3/2015
• Posting Language: An Ordinance approving an Administrative Services Contract with the Fire and Police Pension Fund, San Antonio, under which the City will receive $16,000.00 per year for providing certain administrative services to the Pension Fund, for an initial one year term beginning October 1, 2015, with four (4) one year renewal terms. [Ben Gorzell, Jr., Chief Financial Officer; Troy Elliott, Director, Finance]

Date	Ver.	Action By	Action	Result
9/3/2015	1	City Council A Session	adopted	Pass

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: City Wide


SUBJECT:

Administrative Services Contract with the Fire and Police Pension Fund


SUMMARY:

This item would approve an Administrative Services Contract with the Fire and Police Pension Fund, San Antonio, under which the City will receive $16,000.00 per year for providing certain administrative services to the Pension Fund, for an initial one year term beginning October 1, 2015, with four (4) one year renewal terms.


BACKGROUND INFORMATION:

The San Antonio Fire and Police Pension Fund is a statutory trust which provides pension benefits for San Antonio Fire Fighters and Police Officers. Historically, the City has provided certain administrative services to the Pension Fund and has accepted compensation for the services rendered.

Ordinance 2009-10-01-0783, dated October 1, 2009, authorized the renewal of an administrative services agreement with the San Antonio Fire and Police Pension Board of Trustees in an annual amount of $20,000.00 payable to the City of San Antonio for the administrative services provided from October 1, 2009 through September 30, 2011. It also included two additional two-year renewal options, in which, the second renewal option term expires on September 30, 2015.


ISSUE:

The proposed ordinance authorizes processing of the bi-weekly payroll, tax reporting, and other administrative services for the San Antonio Fire and Police Pension Fund office staff of twelve (12) people. It additionally authorizes the office staff participation in the City's health benefits and Workers' Compensation program.

The contract shall commence on October 1, 2015 through September 30, 2016 and may be renewed for four additional one-year periods. If no provisions of the contract are changed with either renewal, then the contract may be executed administratively by the City Manager or designee. The City will be reimbursed the hea...