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HomeMy WebLinkAbout2015-01-13 - AGENDA REPORTS - APPR CALPERS RESO AMEND EPMC (2)CONSENT CALENDAR DATE: SUBJECT: DEPARTMENT: CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval: Item to be presented by: January 13, 2015 Agenda Item• 4 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM (CALPERS) RESOLUTION City Manager's Office RECOMMENDED ACTION City Council adopt resolution between the Board of Administration California Public Employees' Retirement System and the City of Santa Clarita for Employer Paid Member Contributions. BACKGROUND Representatives of the City and Service Employees International Union Local 721 (SEIU) met and conferred in good faith and entered into a Memorandum of Understanding (MOU) for the contract period of January 1, 2013, through June 30, 2016. Pursuant to the terms of the MOU, effective the first full pay period in January 2015, represented City employees in the 2.7% at 55 Public Employees' Retirement System (PERS) pension plan will make an additional I% contribution toward their pensions, increasing the total PERS employee contribution to 4%. Employee Paid Member Contributions among both represented and unrepresented employees will be consistent going forward. ALTERNATIVE ACTION Other actions as determined by the City Council. FISCAL IMPACT The adoption of this resolution will reduce the City's re -occurring PERS pension costs by an estimated $32,419 per year. 1. rC.rIC4: PJS� No. I5 -6I Page 1 Packet Pg. 24 ATTACHMENTS Ca1PERS Resolution Page 2 Packet Pg. 25 RESOLUTION 15 - RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM 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; 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 hired prior to April 9, 2011, shall receive 4% EPMC. • All represented employees in group 002, Service Employees International Union Local 721 (SEIU), in 2.7% at 55 hired prior to April 9, 2011, shall receive 4% EPMC effective the first full pay period in January 2015. • All unrepresented, miscellaneous employees and all represented employees in 2.0% at 60 hired on or after April 9, 2011, shall receive 0% EPMC. • All unrepresented, miscellaneous employees and all represented employees in 2.0% at 62 hired on or after January 1, 2013, shall receive 0% EPMC. 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. 4.a Packet Pg. 26 PASSED, APPROVED, AND ADOPTED this 13`" day of January 2015. MAYOR ATTEST: CITY CLERK DATE: STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Kevin Tonoian, 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 13a' day of January 2015, by the following vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: CITY CLERK 4.a Packet Pg. 27