City Council

L. Consideration and possible action to increase the City’s contribution toward eligible employee health savings accounts (HSA) to align with new IRS HSA contribution limits effective January 1, 2025. (Godinez) Recommendation: 1) Authorize increasing the City’s contribution to eligible employee health savings accounts (HSA) to $4,300 for individuals and $8,550 for family plans under the 2025 High Deductible PPO+HSA medical plan to align with new IRS 2025 HSA contribution limits effective January 1, 2025; 2) Approve Resolution No. 2024-__ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, INCREASING THE CITY’S HEALTH SAVINGS ACCOUNT CONTRIBUTION FOR ALL ELIGIBLE EMPLOYEES EFFECTIVE JANUARY 1, 2025; 3) Approve Resolution No. 2024-__ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, APPROVING, ADOPTING, AND IMPLEMENTING, AND THEREBY AUTHORIZING THE CITY MANAGER TO SIGN A THIRD AMENDMENT TO THE CITY’S MEMORANDUM OF UNDERSTANDING WITH THE RANCHO PALOS VERDES EMPLOYEE ASSOCIATION FOR THE PERIOD JULY 1, 2022 THROUGH JUNE 30, 2025, INCREASING THE CITY’S CONTRIBUTION TO ELIGIBLE EMPLOYEE HEALTH SAVINGS ACCOUNTS; and, 4) Approve Resolution No. 2024-__ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, APPROVING, ADOPTING, AND IMPLEMENTING, AND THEREBY AUTHORIZING THE CITY MANAGER TO SIGN A THIRD AMENDMENT TO THE CITY’S MEMORANDUM OF UNDERSTANDING WITH THE AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES, DISTRICT COUNCIL 36 FOR THE PERIOD JULY 1, 2023 THROUGH JUNE 30, 2025, INCREASING THE CITY’S CONTRIBUTION TO ELIGIBLE EMPLOYEE HEALTH SAVINGS ACCOUNTS. Agenda Report