HomeMy WebLinkAboutAGENDA REPORT 2008 0903 CC REG ITEM 10IITEM 10 -M 4--
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MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Deborah S. Traffenstedt, Administrative Services Director /City Clerk !D5 1
DATE: August 27, 2008 (CC Meeting of 9/3/08)
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 August 20, 2008, the Council directed staff to
schedule a resolution for the Council's regular meeting on September 3, approving and
designating the time period for the two years of additional service credit retirement incentive
for the Senior Management Analyst position in the City Manager's Office. The staff report for
the August 20th 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 5, 2008, and end on January 1, 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. 2008-
Attachments: Resolution to Grant Another Designated Period for Two Years Additional
Service Credit (and required certification forms).
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 5, 2008 through January 1. 2009 for
eligible Senior Management Aoalyat members in the
City Manager's Office
Adopted and approved this 3rd day of September ,
CITY COUNCIL
OF THE
CITY OF MOORPARK
Attest:
Clerk/Secretary
City Clerk
( Rev. 1/96)
Presiding Officer
Patrick Hunter, Mayor
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
Citv Council of the
(governing body)
City of Moorpark
(public agency)
on September 3, 2008
(date)
Clerk/Secretary
Citv Clerk
Title
PERS- CON -12 (rev. 1/96)
J :_�
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
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
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 Auqust 30, 2008 which is at least two weeks prior to the adoption of the
(date)
Resolution / Ordinance.
Clerk/Secretary
City Clerk
Title
Date
PERS- CON -12A (rev. 1/96)
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Branch
Public Agency Contract Services
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 5. 2008 through January 1, 2009
CITY COUNCIL
OF THE
CITY OF MOORPARK
M
Attest:
Clerk/Secretary
City Clerk
Date
Presiding Officer
Patrick Hunter, Mayor
2yr certification -PA (Rev. 4/04)