HomeMy WebLinkAbout93-52 - Grant an Additional Two Years' Additional Service Credit (PERS)1.2 0
Resolution No. 93-52
CITY COUNCIL
OF THE
CITY OF COSTA MESA
RESOLUTION
TO
GRANT AN ADDITIONAL DESIGNATED PERIOD
FOR
TWO YEARS' ADDITIONAL SERVICE CREDIT
WHEREAS, the City Council of the City of Costa Mesa is a contracting Public Agency
of the Public Agency of the Public Employees' Retirement System; and
WHEREAS,said Public Agency desires to provide an additional designated period for
Two Years' Additional Service Credit, Section 20818, based on the contract amendment included
in said contract which provided for Section 20818, Two Years' Additional Service Credit, for
eligible members;
NOW, THEREFORE, BE IT RESOLVED that said City Council does seek to add an
additional designated period, and does hereby authorize this Resolution, indicated a desire to add
an additional designated period from June 22, 1993, through October 1, 1993, for all
miscellaneous members in the City.
ADOPTED AND APPROVED this 21st day of June, 1993.
CITY COUNCIL OF THE CITY OF COSTA MESA
5
BY:
Presiding Officer
ATTEST:
Clerk/Sec tary
Resolution No. 93-52
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Contract Services Division
Public Agency Contract Services
P. O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
(916) 326-3240 (TDD)
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 City of Costa Mesa on June 21, 1993.
1,
Clerk/S retary ,o
Titl
t21
122
Resolution No. 93-52
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Contract Services Division
Public Agency Contract Services
P. O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
(916) 326-3240 (TDD)
CERTIFICATE OF COMPLIANCE
WITH GOVERNMENT CODE SECTION 20818
In accordance with Government Code Section 20818 and the contract between the Public
Employees' Retirement System, the City Council of the City of Costa Mesa 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. Payment shall be made of the amount equal to the actuarial equivalent of the difference
between the allowance the member receives after receipt of such service credit and the
amount the member would have received without such service credit with respect to all
eligible employees who retire during the specified period.
3. It has elected to become subject to Section 20818 because of impending mandatory
transfers, demotions, and layoffs that constitute at least one (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 20818 becomes operative is to keep all vacancies created
by retirement 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 Costa Mesa hereby elects to provide the benefits
of Government Code Section 20818 to all eligible members who retire within the designated
period, June 22, 1993 through October 1, 1993.
CITY COUNCIL OF THE CITY OF COSTA MESA
BY:
Presiding Officer
ATTEST:
Clerk/S etary
DATED: June 22, 1993
Resolution No. 93-52
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Contract Services Division
Public Agency Contract Services
P. O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
(916) 326-3240 (TDD)
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 and/or the increase in retirement benefit(s) have been
made public at a public meeting of the City Council of the City of Costa Mesa on June 7, 1993,
which is at least two weeks prior to the adoption of Resolution No. 93-52.
DATED: June 22, 1993
Clerk/Se I
tary
Titl
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