HomeMy WebLinkAbout- OB-1 - CalPers Contract Amendment Attachment 2 - 3/6/2012ATTACHMENT II
ORDINANCE NO. 12 -
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA AUTHORIZING AN AMENDMENT TO THE
CONTRACT BETWEEN THE CITY OF COSTA MESA AND
BOARD OF ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOYEES' RETIREMENT SYSTEM.
WHEREAS, due to the ongoing economic difficulties, the City negotiated and
approved an agreement with its Miscellaneous employees in October 2010 whereby a
second tier PERS Retirement Formula of 2% @ 60 for new hires would be established and
that the employees hired after the implementation of the 2%@ 60 formula will pay 7.0% of
their PERSable earnings towards the employee retirement contribution with one year final
compensation and post retirement survivor allowance (section 21353 of the Retirement
Law); and
WHEREAS, to effectuate this second tier agreement under the State of California
Public Employee Retirement Law Section 20475, an amendment to the contract between
Costa Mesa and the California Public Employees' Retirement System must be approved.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES
HEREBY ORDAIN AS FOLLOWS:
Section 1. That an amendment to the contract between the City Council of the
City of Costa Mesa and the Board of Administration, California Public Employees'
Retirement System is hereby authorized, a copy of said amendment being attached hereto,
marked Exhibit "A," and by such reference made a part hereof as though herein set out in
full.
Section 2. The Mayor of the City of Costa Mesa is hereby authorized,
empowered, and directed to execute said amendment for and on behalf of said Agency.
Section 3. The Mayor shall sign and the City Clerk shall certify to the passage and
adoption of this Ordinance and shall cause the same to be published and posted pursuant
to the provisions of law.
Section 4. This Ordinance shall take effect and be in full force thirty (30) days from
and after the passage thereof, and prior to the expiration of fifteen (15) days from its
passage shall be published once in the DAILY PILOT, a newspaper of general circulation,
printed and published in the City of Costa Mesa or, in the alternative, the City Clerk may
cause to be published a summary of this Ordinance and a certified copy of the text of this
Ordinance shall be posted in the office of the City Clerk five (5) days prior to the date of
adoption of this Ordinance, and within fifteen (15) days after adoption, the City Clerk shall
cause to be published the aforementioned summary and shall post in the office of the City
Clerk a certified copy of this Ordinance together with the names and member of the City
Council voting for and against the same.
PASSED AND ADOPTED this day of , 2012.
ATTEST:
Julie Folcik
City Clerk of the City of Costa Mesa
Gary Monahan
Mayor of the City of Costa Mesa
APPROVED AS TO FORM:
Thomas P. Duarte, City Attorney
10
STATE OF CALIFORNIA )
COUNTY OF ORANGE )ss
CITY OF COSTA MESA )
I, Julie Folcik, City Clerk and ex -officio clerk of the City Council of the City of Costa
Mesa, hereby certify that the above and foregoing Ordinance No. 12- was introduced
and considered section by section at a regular meeting of said City Council held on the
day of February, 2012, and thereafter passed and adopted as a whole at a regular
meeting of said City Council held on the day of , 2012, by the following roll
call vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of
the City of Costa Mesa this day of , 2012.
City Clerk and ex -officio Clerk of the
City Council of the City of Costa Mesa