HomeMy WebLinkAboutAGENDA REPORT 2012 1003 CCSA REG ITEM 09C ITEM 9.C.
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MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council --
FROM: Deborah S. Traffenstedt, Deputy City Manager
DATE: September 26, 2012 (CC Meeting of 10/3/12)
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 September 19, 2012, the Council directed staff to
schedule a resolution for the Council's regular meeting on October 3, approving and
designating the time period for the two years of additional service credit retirement incentive
for one Management position in the Finance Department. The staff report for the September
19 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 October 5, 2012, and end on March
5, 2013 (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. Employment separation for the one
eligible employee is expected to occur by the end of calendar year 2012.
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.
STAFF RECOMMENDATION
Adopt Resolution No. 2012-
Attachment: Resolution to Grant Another Designated Period for Two Years Additional
Service Credit (and required certification forms)
10
RESOLUTION NO. 2012-
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 October 5, 2012
through March 5, 2013 for eligible Accountant I members in the Finance
Department.
Adopted and approved this 3rd day of October, 2012.
CITY COUNCIL
OF THE
CITY OF MOORPARK
BY
Presiding Officer
Janice S. Parvin, Mayor
Attest:
Clerk/Secretary
Maureen Benson, City Clerk
(Rev. 1/96)
11
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Branch
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(888) CalPERS (225-7377)
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
1 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
(governing body) of the
(public agency)
on (date) which is at least two weeks prior to the adoption of the
Resolution / Ordinance.
Adoption of the retirement benefit increase/change will not be placed on the consent
calendar.
Clerk/Secretary
Title
Date
PERS-CON-12A(rev. 1/96)
12
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Employer Services Division
Contract Maintenance Unit
P.O. Box 942709
Sacramento, CA 94229-2709
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, through
CITY COUNCIL
OF THE
CITY OF MOORPARK
BY
Presiding Officer
Attest:
Clerk/Secretary
Date 2yr certification-PA(Rev. 4/04)
13
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Branch
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(888) CalPERS (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
of the
(governing body)
(public agency)
on
(date)
Clerk/Secretary
Title
PERS-CON-12(rev. 1/96)
14