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HomeMy WebLinkAbout2014-06-24 - RESOLUTIONS - RETIREMENT MEMBER CONTRIBUTION (5)RESOLUTION NO. 14-42 RESOLUTION OF CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, BETWEEN THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM BOARD OF ADMINISTRATION AND THE CITY OF SANTA CLARITA FOR EMPLOYER PAID MEMBER CONTRIBUTIONS WHEREAS, the governing body of the City of Santa Clarita has the authority to implement Government Code 20691; and WHEREAS, one of the steps in the procedures to implement or change Section 20691 is the adoption by the governing body of the City of Santa Clarita of a Resolution regarding said Employer Paid Member Contributions (EPMC); and WHEREAS, the governing body of the City of Santa Clarita has identified the following conditions and purpose related to EPMC: • All unrepresented, miscellaneous employees in group 001 in 2.7% at 55 plan shall ' receive 4% EPMC. • All represented, miscellaneous employees in group 002 (SEN Local 721) in 2.7% at 55 plan shall receive 5% EPMC. • All miscellaneous employees in 2.0% at 60 plan shall receive 0% EPMC. • All miscellaneous employees in 2.0% at 62 plan shall receive 0% EPMC. • The effective date of this resolution shall be the fust full payroll period in July 2014 which starts on July 1, 2014, for City Councilmembers and July 5, 2014, for all other employees. NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby resolve as follows: SECTION 1. The City of Santa Clarita elects to provide EPMC as set forth above. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED this 24th day of June 2014. ATTEST: DATE: ��y STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Armin6 Chaparyan, Interim City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the 24th day of June 2014, by the following vote: AYES: NOES ABSENT: COUNCILMEMBERS: Kellar, Acosta, McLean, Boydston, Weste COUNCILMEMBERS: None COUNCILMEMBERS: None 2