My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
55A - RESO - CHANGES TO RETIRE SYS PAYMENT
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2016
>
07/05/2016
>
55A - RESO - CHANGES TO RETIRE SYS PAYMENT
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/30/2016 4:11:36 PM
Creation date
6/30/2016 3:08:22 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Personnel Services
Item #
55A
Date
7/5/2016
Destruction Year
2021
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
RESOLUTION NO. 2016- <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA TO AMEND RESOLUTION N0, 94 -027 TO <br />MEMORIALIZE CERTAIN CHANGES TO THE PAYMENT AND <br />REPORTING THE VALUE OF EMPLOYER PAID MEMBER <br />CONTRIBUTIONS TO THE CALIFORNIA PUBLIC <br />EMPLOYEES' RETIREMENT SYSTEM. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br />Section 1: The City Council hereby finds, determines and declares as follows: <br />A. On June 20, 1994, the City Council adopted Resolution <br />No. 94027 to comply with Government Code Section 20636(c)(4), <br />pursuant to Section 20691 declaring the City of Santa Ana's intention to <br />report to the California Public Employees Retirement System the full <br />monetary value of normal member contributions to be paid by the <br />employer, as compensation earnable. <br />B. The City of Santa Ana adopted this resolution as a procedural matter to <br />comply with the legal requirements and approved Memorandums of <br />Understanding with several represented bargaining units, Unrepresented <br />Executive Management and Appointed employees. At that time, the <br />employer paid member contributions ( "EPMC ") was 7% for local <br />miscellaneous CalPERS members and 9% for local safety members. <br />C, The City of Santa Ana adopted Resolution 2008 -050 on July 7, 2008 to <br />provide Section 21354.5 (2.7% @ 55 Full Formula) for local miscellaneous <br />members. As part of this formula, the normal member contributions to be <br />paid by the employer increased from 7% to 8 %. The City began paying <br />this 8% of the normal contributions as EPMC on January 1, 2009. The <br />local safety members employer paid member contribution remained the <br />same at 9 %. <br />D. In 2011, City staff determined with the approval of CalPERS that it was <br />unnecessary to update Resolution No. 94 -027 to reflect the EPMC <br />increase which occurred as a result of Resolution 2008 -050 which <br />implemented 2.7% @ 55 Full Formula for local miscellaneous members. <br />Recently, CaIPERS advised the City that it wanted an updated Resolution <br />setting forth the current EPMC rate for classic miscellaneous CalPERS <br />members. <br />Resolution 2016 -XXX <br />Page 1 of 3 <br />55A -3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.