City Council

L. Consideration and possible action to increase the City’s contribution toward\neligible employee health savings accounts (HSA) to align with new IRS HSA\ncontribution limits effective January 1, 2025. (Godinez)\nRecommendation: 1) Authorize increasing the City’s contribution to eligible\nemployee health savings accounts (HSA) to $4,300 for individuals and $8,550\nfor family plans under the 2025 High Deductible PPO+HSA medical plan to\nalign with new IRS 2025 HSA contribution limits effective January 1, 2025; 2)\nApprove Resolution No. 2024-__ A RESOLUTION OF THE CITY COUNCIL\nOF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, INCREASING\nTHE CITY’S HEALTH SAVINGS ACCOUNT CONTRIBUTION FOR ALL\nELIGIBLE EMPLOYEES EFFECTIVE JANUARY 1, 2025; 3) Approve\nResolution No. 2024-__ A RESOLUTION OF THE CITY COUNCIL OF THE\nCITY OF RANCHO PALOS VERDES, CALIFORNIA, APPROVING,\nADOPTING, AND IMPLEMENTING, AND THEREBY AUTHORIZING THE\nCITY MANAGER TO SIGN A THIRD AMENDMENT TO THE CITY’S\nMEMORANDUM OF UNDERSTANDING WITH THE RANCHO PALOS\nVERDES EMPLOYEE ASSOCIATION FOR THE PERIOD JULY 1, 2022\nTHROUGH JUNE 30, 2025, INCREASING THE CITY’S CONTRIBUTION TO\nELIGIBLE EMPLOYEE HEALTH SAVINGS ACCOUNTS; and, 4) Approve\nResolution No. 2024-__ A RESOLUTION OF THE CITY COUNCIL OF THE\nCITY OF RANCHO PALOS VERDES, CALIFORNIA, APPROVING,\nADOPTING, AND IMPLEMENTING, AND THEREBY AUTHORIZING THE\nCITY MANAGER TO SIGN A THIRD AMENDMENT TO THE CITY’S\nMEMORANDUM OF UNDERSTANDING WITH THE AMERICAN\nFEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES,\nDISTRICT COUNCIL 36 FOR THE PERIOD JULY 1, 2023 THROUGH JUNE\n30, 2025, INCREASING THE CITY’S CONTRIBUTION TO ELIGIBLE\nEMPLOYEE HEALTH SAVINGS ACCOUNTS.\nAgenda Report