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REQUEST FOR COUNCIL ACTION CITY COUNCIL AGENDA DATE June 10, 1985 TITLE URGENCY ORDINANCE NO. NS- AUTHORIZING AN AMENDMENT TO THE CITY'S CONTRACT WITH THE PUBLIC EMPLOYEES RETIREMENT SYSTEM (PERS) CITY MANAGER RECOMMENDED ACTION J It is recommended that authorizes an amendment System (PERS) to provide factor) for local police EXECUTIVE SUMMARY 1 DATE OF COUNCIL ACTION lit) IU3 � Z�3 CLERK OF THE COUNCIL rl the City Council adopt the attached Urgency Ordinance which to the City's contract with the Public Employees Retirement Section 20024.2 benefit option (one-year final compensation safety members only, effective July 1, 1985. ILC u" F:CE In accordance with the provisions of the current labor agreement between the City of Santa Ana and the Police Benevolent Association (PBA) executed on January 17, 1984, the City agreed to amend its contract with PERS to provide the "one-year final compensation" benefit option for all police safety members effective July 1, 1985. This benefit option provides that final compensation, an average monthly rate used in the formula to determine a retiree's monthly retirement allowance, will be computed on the basis of the last consecutive 12 months of work instead of the last 36 months as is currently provided in our contract with PERS. On May 20, 1985, City Council adopted Resolution No. 85-64 declaring Council's intention to approve such amendment to its contract with PERS as required by State Law. Because the required documentation necessary to the adoption of such Resolution could not be provided by PERS earlier than May 8, 1985, and because adoption of an ordinance authorizing actual amendment of the PERS contract could not 'take place until on or after June 10, 1985, it is now necessary to adopt this ordinance as an urgency measure so that the effective date of the contract amendment will coincide with the July 1, 1985 date specified in our labor agreement with the FBA. /e/