Arcadia adopts comprehensive pension management plan, saving $85 million. It addresses the City's $154 million in unfunded pension liabilities. It focuses on:
-use of reserves to prepay existing liabilities
-refinancing existing debt to lower interest rates to free up cash flow
-prepaying costs with surplus funds from voter-approved Measure A sales tax increase
-financing long-term capital improvements
-using pension obligation bonds to lower the overall costs of pensions
-negotiating for more employee cost-sharing.
See also Arcadia Weekly, p. 3, February 27, 2020
Arcadia City Clerk June Alford, who has served in the elective office since 1988, will retire at the end of her current term in April. City Council approved the creation of a new job of Chief Deputy City Clark with a salary of $5600/month.
City of Arcadia employee Tim Schwehr, Senior Economic Development Analyst, will talk to Arcadia Community Coordinating Council on February 3, 2020 about what's happening in Arcadia. In his role, he oversess efforts to attract new business and development, fosters economic growth and acts as liaison to the business community. Includes some biographical information.
Dominic Lazzaretto will be the new Arcadia City Manager, pending City Council's approval next week. He replaces Don Penman and is expected to start on March 26. He has been City Manager of La Palma for 6 years.
In lieu of pay raises, Arcadia City Council members and city employees will see an increase in the city's contribution to their health benefits. "It is fair because in these economic times, we couldn't afford to give (employees) anything else," said Mayor Peter Amundson. The total fiscal impact will be $56,750 for all employees.
Jerry Collins Picnic Pavilion dedication ceremony will be held July 19, 2016 at Wilderness Park at 2240 N. Highland Oaks Drive in Arcadia. There is a memorial plaque to commemorate his life. He was a former Director of Parks and Recreation for City of Arcadia. He started his service with City of Arcadia in 1970 and had a 24 year career. See also Arcadia Weekly, p. 1, 12, July 21, 2016.
New City Manager Don Penman will promote Public Works Services Director Pat Malloy to the Assistant City Manager position and will promote Community Development Administrator Jason Kruckeberg to the job of Development Services Director. The City Council still needs to approve these appointments.
Pension reform is happening with Arcadia city employees. Arcadia City Council approved an ordinance last week whereby police officers and firefighters hired by the city are now required to pay their full employee share, or 9 percent, of their pension costs--an amount previously covered by the city. In addition, tentative agreements are in place with 4 out of 5 employee unions, to have members pay their full share by the next 3 years. Annual increases in employee costs during that period would be offset by equivalent annual raises. Other San Gabriel cities may follow suit.