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Los Angeles County |
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Code of Ordinances |
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Title 6. SALARIES |
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Division 3. DEPARTMENTAL PROVISIONS |
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Chapter 6.127. LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION |
§ 6.127.030. Additional information.
A.
Step Pay Plan. Notwithstanding Section 6.08.010, by specific action, any person designated to act as Retirement Administrator pursuant to Section 6.127.020 of this code may approve step placement of an employee of the Los Angeles County Employees Retirement Association at any step within the salary range for the position which he or she holds, provided that placements made pursuant to this section are reported to the boards of retirement and investments on a periodic basis. The succeeding step advancement in such a case will be made thereafter on a yearly basis unless an exception is specifically authorized by the retirement administrator.
B.
Retirement Administrator.
1.
Compensation and Benefits. Notwithstanding any other provision of Title 6 of this code, the salary and benefits for any person designated to act as retirement administrator pursuant to Section 6.127.020 may be determined by written agreement between the boards of retirement and investments and such designated person. In the event of any inconsistency between the provisions of Title 6 of this code and such written agreement, the provisions of the written agreement shall control.
2.
Exceptional or Extraordinary Service. Notwithstanding Section 6.08.360, a person designated to act as retirement administrator pursuant to Section 6.127.020 of this code may receive additional compensation for future service in the succeeding year, payable in one or more lump-sum payments and in such manner as may be authorized by the boards of retirement and investments. Such payment, if any, shall be granted in recognition of exceptional or extraordinary service.
3.
Salary Adjustment. Notwithstanding Section 6.08.330 E, adjustments to the base salary of a person designated to act as retirement administrator pursuant to Section 6.127.020 of this code may be made by the boards of retirement and investments and shall take effect when designated by the boards. Such adjustments need not fall within the designated person's Salary Range.
C.
Performance Compensation Program. The Boards of Retirement and Investments may, by resolution, provide for a performance compensation program applicable to designated participants.
D.
1.
a. In addition to any other compensation provided for in this code, any person employed at LACERA in one of the following classes who possesses a valid Certified Public Accountant license issued by the State of California or a valid Certified Government Financial Manager certification issued by the Association of Government Accountants shall be entitled to compensation at a rate two schedules higher than that established for the class in Section 6.28.050 of this code:
Title: Item No. Assistant Chief Financial Officer, LACERA 0799 Assistant Chief, Internal Audit, LACERA 0766 Assistant Division Manager, LACERA 0771 Chief Financial Officer, LACERA 0800 Chief, Internal Audit, LACERA 0774 Division Manager, LACERA 0773 Internal Auditor, LACERA 0764 Internal Auditor, LACERA 0765 Principal Internal Auditor, LACERA 0762 Senior Internal Auditor, LACERA 0763 Special Assistant, LACERA 0775 b.
Effective with the pay period ending April 15, 2012 and upon notification to the board of supervisors by the chief executive officer that the human resources management system implementing this provision is fully operational, all provisions in Section 6.127.030, subsection D.1.a shall remain in effect except that such persons meeting the aforementioned requirements shall be entitled to compensation at a rate 5.6468 percent higher than that established for the classification in Section 6.28.050 of this code.
2.
a.
Any person employed at LACERA in the following classes who possesses a valid Certified Internal Auditor certification from the Institute of Internal Auditors or a valid Certified Information Systems Auditor certification from the Information Systems Audit and Control Association shall be entitled to compensation at a rate two schedules higher than that established for the class in Section 6.28.050 of this code:
Title: Item No. Assistant Chief, Internal Audit, LACERA 0766 Assistant Division Manager, LACERA 0771 Chief, Internal Audit, LACERA 0774 Internal Auditor, LACERA 0764 Internal Auditor, LACERA 0765 Principal Internal Auditor, LACERA 0762 Senior Internal Auditor, LACERA 0763 Special Assistant, LACERA 0775 b.
Effective with the pay period ending April 15, 2012 and upon notification to the board of supervisors by the chief executive officer that the human resources management system implementing this provision is fully operational, all provisions in Section 6.127.030, subsection D.2.a shall remain in effect except that such persons meeting the aforementioned requirements shall be entitled to compensation at a rate 5.6468 percent higher than that established for the classification in Section 6.28.050 of this code.
3.
a.
Any person employed at LACERA in the following classes who possesses a valid Certified Public Finance Officer certification from the Government Finance Officers Association shall be entitled to compensation at a rate two schedules higher than that established for the class in Section 6.28.050 of this code:
Title: Item No. Assistant Chief, Internal Audit, LACERA 0766 Assistant Division Manager, LACERA 0771 Chief, Internal Audit, LACERA 0774 Division Manager, LACERA 0773 Internal Auditor, LACERA 0764 Internal Auditor, LACERA 0765 Principal Internal Auditor, LACERA 0762 Senior Internal Auditor, LACERA 0763 b.
Effective with the pay period ending April 15, 2012 and upon notification to the board of supervisors by the chief executive officer that the human resources management system implementing this provision is fully operational, all provisions in Section 6.127.030, subsection D.3.a shall remain in effect except that such persons meeting the aforementioned requirements shall be entitled to compensation at a rate 5.6468 percent higher than that established for the classification in Section 6.28.050 of this code.
4.
a.
Any person employed at LACERA in the following classes who possesses a valid Certified Employee Benefits Specialist designation from the International Foundation of Employee Benefit Plans and the Wharton School of the University of Pennsylvania shall be entitled to compensation at a rate two schedules higher than that established for the class in Section 6.28.050 of this code:
Title: Item No. Assistant Division Manager, LACERA 0771 Chief, Quality Assurance and Metrics, LACERA 0780 Division Manager, LACERA 0773 Legislative Affairs Officer, LACERA 0795 Quality Auditor I, LACERA 0796 Quality Auditor II, LACERA 0797 Section Head, LACERA 0772 Senior Quality Auditor, LACERA 0798 Special Assistant, LACERA 0775 Supervising Administrative Assistant III, LACERA 0424 b.
Effective with the pay period ending April 15, 2012 and upon notification to the board of supervisors by the chief executive officer that the human resources management system implementing this provision is fully operational, all provisions in Section 6.127.030, subsection D.4.a shall remain in effect except that such persons meeting the aforementioned requirements shall be entitled to compensation at a rate 5.6468 percent higher than that established for the classification in Section 6.28.050 of this code.
5.
a.
Any person employed at LACERA in the following classes who possesses a valid Worker's Compensation Claims Professional certification from the Insurance Education Association shall be entitled to compensation at a rate two schedules higher than that established for the class in Section 6.28.050 of this code:
Title: Item No. Disability Retirement Specialist 1648 Disability Retirement Specialist Supervisor 1643 Division Manager, LACERA 0773 Human Resources Analyst, LACERA 0434 Senior Disability Retirement Specialist 1632 Senior Human Resources Analyst, LACERA 0436 b.
Effective with the pay period ending April 15, 2012 and upon notification to the board of supervisors by the chief executive officer that the human resources management system implementing this provision is fully operational, all provisions in Section 6.127.030, subsection D.5.a shall remain in effect except that such persons meeting the aforementioned requirements shall be entitled to compensation at a rate 5.6468 percent higher than that established for the classification in Section 6.28.050 of this code.
6.
a.
Any person employed at LACERA in one of the following classes who possesses a valid Chartered Financial Analyst certification from the CFA Institute shall be entitled to compensation at a rate two schedules higher than that established for the class in Section 6.28.050 of this code:
Title: Item No. Chief Investment Officer, LACERA (UC) 0493 Finance Analyst I, LACERA 0767 Finance Analyst II, LACERA 0768 Finance Analyst III, LACERA 0769 Principal Investment Officer, LACERA 0495 Principal Investment Officer, LACERA (UC) 0496 Senior Investment Officer, LACERA 0492 b.
Effective with the pay period ending April 15, 2012 and upon notification to the board of supervisors by the chief executive officer that the human resources management system implementing this provision is fully operational, all provisions in Section 6.127.030, subsection D.6.a shall remain in effect except that such persons meeting the aforementioned requirements shall be entitled to compensation at a rate 5.6468 percent higher than that established for the classification in Section 6.28.050 of this code.
7.
a.
Any person employed at LACERA in the following classes who possesses a valid Certified Compensation Professional designation from WorldatWork, formerly the American Compensation Association, shall be entitled to compensation at a rate two schedules higher than that established for the class in Section 6.28.050 of this code:
Title: Item No. Assistant Director, Human Resources, LACERA 0437 Director, Human Resources, LACERA 0425 Human Resources Analyst, LACERA 0434 Senior Human Resources Analyst, LACERA 0436 b.
Effective with the pay period ending April 15, 2012 and upon notification to the board of supervisors by the chief executive officer that the human resources management system implementing this provision is fully operational, all provisions in Section 6.127.030, subsection D.7.a shall remain in effect except that such persons meeting the aforementioned requirements shall be entitled to compensation at a rate 5.6468 percent higher than that established for the classification in Section 6.28.050 of this code.
8.
In no event shall a person receive compensation pursuant to any of the subsections of subsection C for any period prior to the date on which he presents at least one of the certificates designated therein to the Retirement Administrator or person designated by the Retirement Administrator, nor shall any person receive compensation for more than one of the certificates designated therein.
E.
Assignment of additional responsibilities. Notwithstanding any other provision of this Title 6, any person employed by the Los Angeles County Employees Retirement Association, if designated by a person designated to act as retirement administrator pursuant to Section 6.127.020, shall be entitled to additional compensation equivalent to one, two, three or four schedules above that provided in Section 6.28.050 for additional responsibilities which are assigned by the person designated to act as retirement administrator.
(Ord. 2018-0018 § 5, 2018; Ord. 2015-0045 § 3, 2015; Ord. 2012-0017 § 95, 2012; Ord. 2010-0026 § 3, 2010; Ord. 2009-0013 § 10, 2009; Ord. 2007-0095 § 4, 2007; Ord. 2007-0085 § 2, 2007; Ord. 2006-0053 § 2 (part), 2006.)