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REQUEST FOR COUNCIL ACTION CITY COUNCIL AGENDA DATE June 25, 1984 If11111114:1 URGENCY ORDINANCE NO. NS -1737 AUTHORIZING AN AMENDMENT TO THE CITY'S CONTRACT WITH THE PUBLIC EMPLOYEE'S RETIREMENT SYSTEM (PERS) CITY MANAGER RECOMMENDED ACTION DATE OF COUNCIL ACTION J r CLERK OF THE COU(ItIL s; It is recommended that the City Council adopt the attached Urgency Ordinance which authorizes an amendment to the City's contract with the Public Employee's Retirement System (PERS) to provide Section 20024.2 benefit option (one-year final compensation factor) for local fire safety members only, effective July 1, 1984. EXECUTIVE SUMMARY In accordance with the provisions of the current labor agreement between the City of Santa Ana and the Fireman's Benevolent Association (FBA) executed on December 19, 1983, the City agreed to amend its contract with PERS to provide the "one-year final compen- sation" benefit option for all fire safety members effective July 1, 1984. 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 21, 1984, City Council adopted Resolution No. 84.62 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 14, 1984, and because adoption of an ordinance author- izing actual amendment of the PERS contract could not take place until on or after June 10, 1984, 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, 1984 date specified in our labor agreement with the FBA. c%SZ'Z>