...Title
Approval of the Terms of the Settlement Agreement Concerning the Litigation Arising Out of Measure B with the San José Retired Employees’ Association (SJREA) and Related Appropriation Actions.
...Recommendations
(a) Adopt a resolution to approve the terms of the Settlement Agreement between the City and the San José Retired Employees’ Association and the four (4) individual plaintiffs who were parties to the case regarding 2012 Measure B and retiree healthcare matters.
(b) Adopt the following 2017-2018 Appropriation Ordinance amendments in the General Fund:
(1) Establish a City-Wide Expenses Measure B Settlement appropriation to the City Manager's Office in the amount of $1,750,000; and
(2) Decrease the Retiree Healthcare Solutions Reserve in the amount of $1,750,000.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment; and File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project with may result in a potentially significant physical impact on the environment. (City Manager)