HomeMy WebLinkAboutDecember 18, 2006 Certificate of ComplianceCALIFORNIA 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 Santa Ana hereby
certifies that:
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 afterthe 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 Santa Ana hereby elects to provide the
benefits of Government Code Section 20903 to all eligible members who retire within
the designated period, December 19, 2006 through March 20, 2007
CITY COUNCIL
OF THE
CITYO��AANAI�-a/ /
��Pr ding O11cer 14iguel A. Puliao
Attest: Mayor
Clerk/Secretary Patricia Healy
Date
2yr certification -PA (Rev. 4/04) p
REQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
DECEMBER 18, 2006
TITLE:
RESOLUTION TO PROVIDE
TWO YEARS ADDITIONAL SERVICE
CREDIT TO ELIGIBLE MEMBERS
CITY MANAGER
RECOMMENDED ACTION
CLERK OF COUNCIL USE ONLY:
APPROVED
❑ As Recommended
❑
As Amended
❑
Ordinance on 1" Reading
❑
Ordinance on 2n' Reading
❑
Implementing Resolution
❑
Set Public Hearing For
CONTINUED TO
FILE NUMBER
Adapt a resolution to provide a designated time period for
granting Two -Years Additional Service Credit pursuant to
Government Code Section 20903 to eligible members retiring in the
Public Employees Retirement System.
DISCUSSION
On October 7, 1991, the City Council adopted a resolution that amended the
City's contract with the California Public Employees Retirement System
(CalPERS) to provide Two Years Additional Service Credit to eligible
members under Section 20903 of the California Government Code. The
criteria required for offering this benefit to employees is that they must
be eligible to retire, have at least five years of service with CalPERS and
must retire within the period designated by the City Council. Additionally,
the program requires the City to provide public notice of the potential
cost based on CalPERS actuarial formula. Notice of the costs was made
public at the City Council meeting of November 20, 2006, for employees in
the following two classifications:
Executive Director of Community Development
Redevelopment Project Manager III.
Adoption of this resolution will provide that option to eligible members
retiring between the dates of December 19, 2006 through March 20, 2007.
Resolution Authorizing Two Years Service Credit
December 18, 2006
Page 2
FISCAL IMPACT
The average cost as calculated by using the California Public Employees
Retirement System actuarial formula is approximately $65,630 per applicant.
CalPERS will amortize the cost for this retirement credit over an
amortization period of thirty years.
Enr que ACe
a
Execut' Di for
Personnel Seices
APPROVED AS TO FUNDS AND ACCOUNTS:
Francisco Gutierrez
Executive Director
Finance & Management Services
55A-2
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA TO DESIGNATE AN ADDITIONAL WINDOW
PERIOD TO GRANT TWO -YEARS ADDITIONAL SERVICE
CREDIT FOR DESIGNATED CLASSES AND POSITIONS IN
THE CITY COVERED BY THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS
FOLLOWS:
Section 1: The City Council hereby finds, determines and declares as follows:
A. On October 7, 1991 the City Council amended the contract with the Public
Employees' Retirement System (PERS) to provide Two -Years Additional
Service Credit Option pursuant to Government Code Section 20903 to eligible
members retiring during a designated window period.
B. It is now desired to provide an additional designated window period for Two
Years Additional Service Credit based on the contract amendment included in
said contract for eligible members.
C. That designated window period authorized by this Resolution will be from
December 18, 2006 through March 20, 2007,
D. That the eligible member within this designated window period is in the
following classification within the identified department:
Classification
Executive Director
Redevelopment Project Manager III
55A-3
Department
Community Development
Community Development
Resolution No.
Page 2
ADOPTED this 18th day of December , 2006.
Miguel A. Pulido
Mayor
APPROVED AS TO FORM:
Joseph W. Fletcher, City Attorney
AYES: Councilmembers:
NOES: Councilmembers:
ABSTAIN: Councilmembers:
NOT PRESENT Councilmembers:
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Clerk of the Council, do hereby attest to and certify the
attached Resolution No. to be the original resolution adopted by
the City Council of the City of Santa Ana on
Date:
55A-4
Clerk of the Council
City of Santa Ana