HomeMy WebLinkAboutAgenda Report - May 19, 2010 J-03AGENDA ITEM
a CITY OF LODI
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AGENDA TITLE: Adopt Resolution to Grant Designated Period for Two Years Additional Service
Credit.
MEETING DATE: May 19,2010
PREPARED BY: Human Resources Manager
RECOMMENDED ACTION: Adopt resolution to grant designated period for two years additional
service credit.
BACKGROUND INFORMATION: The CaIPERS Two Year Additional Service Credit program, as
established under California Government Code Section 20903,
allows the City (as part of a budget reduction process) to offer a
retirement incentive of two years service credit to eligible employees. The current PERS contract allows
the City, with Council approval, to offer the program to Miscellaneous and Fire (sworn) employees.
The City of Lodi desires to designate a period in which eligible employees qualify for Two Years
Additional Service Credit, based on the amendment to the PERS contract.
The designated period for Two Years Additional Service Credit would begin May 20, 2010 and go
through August 18, 2010 for eligible Miscellaneous and Fire (sworn) members in the following
classifications: Fire Captain and Park Maintenance Worker II.
This resolution grants final approval and completes the process.
FISCAL IMPACT: The cost of this benefit will be amortized over 20 years and included in the City's
CaIPERS employer contribution rate beginning in FY 2012/2013. Although the net
savings depends on the number of employees who accept the benefit, the
anticipated job vacancies are expected to save the City approximately $130,000
annually.
FUNDING AVAILABLE: Funding available from the departments operating budget.
Dean Gua o,
Human Resources Manager
APPROVED: vl
Konra`ai�artlam, Interim City Manager
RESOLUTION NO. 2010-69
A RESOLUTION OF THE LODI CITY COUNCIL
TO GRANT ANOTHER PERIOD FOR TWO
YEARS ADDITIONAL SERVICE CREDIT
WHEREAS, the City Council of the City of Lodi is a contracting PublicAgency of
the Public Employees' Retirement System; and
WHEREAS, the City of Lodi desires to provide another designated period for
Two Years Additional Service Credit, Section 20903, based on the contract amendment
included in said contract, which provided for Section 20903, Two Years Additional
Service Credit, for eligible members.
Classification Department
Fire Captain Fire
Park Maintenance Worker II Parks and Recreation
Date: May 19, 2010
I hereby certify that Resolution No. 2010-69 was passed and adopted by the Lodi
City Council in a regular meeting held May 19, 2010, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Johnson, Mounce,
and Mayor Katzakian
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
2010-69
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Employer Services Division
Contract Maintenance Unit
PO Box 942709
Sacramento, CA 94229-2709
CERTIFICATION OF GOVERNING BODY'SACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the City
Council of the City of Lodi on May 19, 2010.
CIe ary
C it y Clerk
Title
PERS-CON-12 (rev. 1/96)
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Branch
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(888) CalPERS (225-7377)
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 20903
I n accordancewith Government Code Section 20903 and the contract between the
Public Employees' Retirement System, the City Council cf the City of Lodi 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. The added cost to the retirementfund for all eligible employeeswho 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 after the 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 curtailmentof, 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 Lodi hereby elects to provide the benefits
of Government Code Section 20903 to all eligible memberswho retire within the
designated period, May 20, 2010 through August 18, 2010
A
Cie e ary
C i t v Clerk
Date
CITY COUNCIL
OF THE
CITY OF LODI
Presiding Officer- Mayor
2yr certification -PA (Rev. 4/04)
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Branch
PublicAgency Contract Services
PO Box 942709
Sacramento, CA 94229-2709
(888) CalPERS (225-7377)
CERTIFICATION CIE' 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 for the increase in retirement
benefit(s) have been made public at a public meeting of the City Council of the City of
Lodi on May 6, 2010 which is at least two weeks priorto the adoption of the Resolution.
Cler
Citv Clerk
Title
May 20, 2010
Date
PERS-CON-12A (rev. 1/96)