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HomeMy WebLinkAboutAGENDA REPORT 2009 0701 CC REG ITEM 10O ITEM 10.0. CITY OF MOORPARK,CALIFORNIA City Council Meeting Of- ACTION: MOORPARK CITY COUNCIL -4 AGENDA REPORT aY: ,_�� TO: Honorable City Council FROM: Deborah S. Traffenstedt, Administrative Services Director DATE: June 24, 2009 (CC Meeting of 7/1/09) 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 June 17, 2009, the Council directed staff to schedule a resolution for the Council's regular meeting on July 1, approving and designating the time period for the two years of additional service credit retirement incentive for the Public Works Superintendent position in the Public Works Department. The staff report for the June 17"' meeting included the information on required disclosure of the costs to the City for the proposed retirement incentive. The window period for the two additional years of service credit is proposed to begin on September 1, 2009, and end on December 31, 2009. Only one retirement is anticipated during the window period for the retirement incentive. 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 signed by the Mayor and City Clerk and forwarded to CaIPERS. STAFF RECOMMENDATION Adopt Resolution No. 2009- Attachment: Resolution to Grant Another Designated Period for Two Years Additional Service Credit (and required certification forms). 160 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 September 1, 2009 through December 31, 2009 for eligible Public Works Superintendent members in the Public Works Department Adopted and approved this 1st day of July , 2009 CITY COUNCIL OF THE CITY OF MOORPARK BY Presiding Officer Attest: Janice S. Parvin, Mayor Clerk/Secretary Deborah S. Traffenstedt, City Clerk (Rev. 1/96) 161 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 in retirement benefit(s) have been made public at a public meeting of the City Council of the (governing body) City of Moorpark (public agency) on June 17, 2009 which is at least two weeks prior to the adoption of the (date) Resolution / Ordinance. Clerk/Secretary Deborah S. Traffenstedt City Clerk Title Date PERS-CON-12A(rev. 1/96) 162 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, September 1, 2009 through December 31, 2009 CITY COUNCIL OF THE CITY OF MOORPARK BY Presiding Officer Attest: Janice S. Parvin, Mayor Clerk/Secretary Deborah S. Traffenstedt, City Clerk Date 2yr certification-PA(Rev.4104) 163 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 City Council of the (governing body) City of Moorpark (public agency) on July 1, 2009 (date) Clerk/Secretary Deborah S. Traffenstedt City Clerk Title PERS-CON-12(rev. 1196) 164