HomeMy WebLinkAboutAGENDA REPORT 2015 1104 CCSA REG ITEM 09D ITEM 9.D.
CITY OF MOO RP:-IR,.,CALIFORNIA
City Councii Meeting
MOORPARK CITY COUNCIL of
AGENDA REPORT /...._..- P
__Ad _
TO: Honorable City Council BY:
FROM: Deborah S. Traffenstedt, Deputy City Mana'erfDST
BY: Teri Davis, Senior Management Analys 4:
DATE: October 28, 2015 (CC Meeting of 11/4/15)
SUBJECT: Consider Resolution Granting Another Designated Period for Two Years
Additional Service Credit Retirement Incentive Pursuant to Government
Code Section 20903 and Consistent with the City's Contract with
California Public Employees' Retirement System (CaIPERS)
BACKGROUND AND DISCUSSION
At the City Council's regular meeting on October 21, 2015, the Council directed staff to
schedule a resolution for a subsequent City Council regular meeting, approving and
designating the time period for the two years of additional service credit retirement incentive
for one Senior Management Analyst position in the Community Development Department.
The staff report for the October 21, 2015 meeting included the information on required public
disclosure of the costs to the City for the proposed retirement incentive. That report is
available for public review on the City's website. The window period for filing of a retirement
application to be eligible for the two additional years of service credit is proposed to begin on
November 5, 2015, and end on February 5, 2016 (this time period is more than the minimum
90 days, but does not exceed the maximum 180 days permitted by CaIPERS). One
retirement is anticipated during the window period for the retirement incentive. The additional
service will be credited by CaIPERS after an eligible member has retired and is receiving a
monthly retirement allowance. The added cost to the retirement fund for any eligible
employee who retires during the specified period will be included in the contracting agency's
annual valuation report for the fiscal year that begins two years after the end of the
designated period.
CaIPERS provides a resolution for adoption, and certification documents, which are included
as an attachment to this report. Following adoption action by the City Council,the resolution
and certification documents will be completed and signed by the Mayor and City Clerk and
forwarded to CaIPERS.
FISCAL IMPACT
The total estimated cost to the City for the two years additional service credit for the one
identified position is approximately$58,616.06. The cost of providing the additional service
credit for one employee would be offset by the elimination of the position which will be
vacated and not filled. 10 2
Honorable City Council
November 4, 2015, Regular Meeting
Page 2
STAFF RECOMMENDATION
Adopt Resolution No. 2015- .
Attachment: Resolution to Grant Another Designated Period for Two Years Additional
Service Credit (and required certification forms)
103
RESOLUTION NO. 2015-
CITY COUNCIL
OF THE
CITY OF MOORPARK
RESOLUTION
TO
GRANT ANOTHER DESIGNATED PERIOD
FOR
TWO YEARS ADDITIONAL SERVICE CREDIT
WHEREAS, the City Council of the City of Moorpark is a contracting Public
Agency of the Public Employees' Retirement System; and
WHEREAS, said Public Agency desires to provide another designated period for
Two Years Additional Service Credit, Section 20903, based on the
contract amendment included in said contract which provided for
Section 20903, Two Years Additional Service Credit, for eligible
members.
NOW, THEREFORE, BE IT RESOLVED, that said City Council does seek to add
another designated period, and does hereby authorize this
Resolution, indicating a desire to add a designated period from
November 5, 2015 through February 5, 2016 for eligible Senior
Management Analyst members in the Community Development
Department.
Adopted and approved this 4th day of November, 2015.
CITY COUNCIL
OF THE
CITY OF MOORPARK
By
Presiding Officer
Janice S. Parvin, Mayor
Attest:
Clerk/Secretary
Maureen Benson, City Clerk
(Rev. 1/96)
104
Resolution No. 2014-
Page 2
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Customer Account Services Division
Retirement Account Services Section
P.O. Box 942709
Sacramento, CA 94229-2709
(888) CaIPERS (225-7377)
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
I hereby certify that in accordance with Section 7507 of the Government Code
the future annual costs as determined by the System Actuary for the
increase/change in retirement benefit(s) have been made public at a public meeting
of the
City Council of the
(governing body)
City of Mnorpark
(public agency)
On October 21 2015 which is at least two weeks prior to the adoption of the
(date)
Resolution / Ordinance.
Adoption of the retirement benefit increase/change will not be placed on the consent
calendar.
Clerk/Secretary
Maureen Benson
City Clerk
Title
Date
105
PERS-CON-12A(rev. 1196)
Resolution No. 2015-
Page 3
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Customer Account Services Division
Retirement Account Services Section
P.O. Box 942709
Sacramento, CA 94229-2709
(888) CaIPERS (225-7377)
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 20903
In accordance with Government Code Section 20903 and the contract between the
Public Employees' Retirement System, the City Council of the City of Moorpark hereby certifies
that:
1. Because of an impending curtailment of, or change in the manner of performing service,
the best interests of the agency will be served by granting such additional service credit.
2. The added cost to the retirement fund for all eligible employees who retire during the
designated window period will be included in the contracting agency's
employer contribution rate for the fiscal year that begins two years after the end of
the designated period.
3. It has elected to become subject to Section 20903 because of impending
mandatory transfers, demotions, and layoffs that constitute at least 1 percent of the
job classification, department or organizational unit, as designated by the
governing body, resulting from the curtailment of, or change in the manner of
performing, its services.
4. Its intention at the time Section 20903 becomes operative is to keep all vacancies
created by retirements under this section or at least one vacancy in any position in any
department or other organizational unit permanently unfilled thereby resulting
in an overall reduction in the work force of such department or organizational unit.
THEREFORE, the City Council of the City of Moorpark hereby elects to provide the
benefits of Government Code Section 20903 to all eligible members who retire within
the designated period, Nnvemher 5, 2015 through Fahruary 5 2018
CITY COUNCIL
OF THE
CITY OF MOORPARK
BY
Presiding Officer
Janice S. Parvin, Mayor
Attest:
Clerk/Secretary
Maureen Benson, City Clerk
106
Date 2yr certification-PA(Rev. 4/04)
Resolution No. 2015-
Page 4
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Customer Account Services Division
Retirement Account Services Section
P.O. Box 942709
Sacramento, CA 94229-2709
(888) CaIPERS (225-7377)
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
City Council of the
(governing body)
City of Moorpark
(public agency)
on November 4. 2015.
(date)
Clerk/Secretary
Maureen Benson
City Clerk
Title
PERS-CON-12 (rev. 1/96)
107