3rd vote saves GDPUD $$

By From page A1 | December 12, 2012

With only the barest of quorums, the board of the Georgetown Divide Public Utility District took the first step in amending its CalPERS contract.

On Friday, a special board meeting was called at 12:30 p.m. to consider the agenda item. However, only two of the board members showed. McLane, Otermat, and incoming board member Maria Capraun didn’t attend.

Lacking a quorum, board president Ray Griffiths continued the meeting to 5:30 p.m. that evening. Capraun was able to attend that meeting so after she and Norm Krizl were sworn in, the three of them voted to amend the CalPERS contract.

Mary Pat Frick, Business Finance Manager for the district, said normally it takes two months to complete the process of amending a contract but they were facing a Dec. 31 deadline and could not proceed until negotiations between the union and the board were completed, which they were on Nov. 13. The district then received the actuarial valuation and other paperwork from CalPERS on Dec. 6.

At Friday evening’s meeting, the board adopted a resolution of intent to implement the amendment. The district now has to wait 20 days before it holds another public meeting to adopt the changes. Three days later, the new contract goes into effect.

Under the district’s current agreement, employees receive 2.7 percent of their highest pay at 55. Under the new plan, new employees would receive 2 percent at 55.

Contact Dawn Hodson at 530-344-5071 or [email protected] Follow @DHodsonMtDemo on Twitter.

Dawn Hodson

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