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HomeMy WebLinkAboutOrdinance 2451 N.C.S. 12/27/20121 2 3 4 5 6 7 EFFECTIVE DATE ORDINANCE NO. 2451 N.C.S. OF ORDINANCE December 27, 2012 Introduced by Seconded by Gabe Kearney Mike Healy URGENCY ORDINANCE TO TAKE IMMEDIATE EFFECT, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY OF PETALUMA AND BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM FOR SECTION 20475 10 (DIFFERENT LEVEL OF BENEFITS), SECTION 21353 (2%@ 60 FULL FORMULA), AND SECTION 11 20037 (THREE-YEAR FINAL COMPENSATION) APPLICABLE TO LOCAL MISCELLANEOUS 12 MEMBERS ENTERING MEMBERSHIP FOR THE FIRST TIME IN THE MISCELLANEOUS 13 CLASSIFICATION AFTER THE EFFECTIVE DATE OF AMENDMENT TO THE CONTRACT WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies and their employees in the Public Employees' Retirement System (PERS) by the execution of a contract, and sets forth the procedure by which said public agencies may elect to subject themselves and their employees to amendments to said Law; and, WHEREAS, prior to amending its PERS contract, the city must adopt a resolution giving notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the change proposed; and, WHEREAS, on December 6, 2012, the City Council adopted Resolution No. 2012-177 N.C.S., a Resolution of Intention to Approve an Amendment to Contract between the Board of Administration of the California Public Employees Retirement System ("PERS") and the City Council of the City of Petaluma; and, WHEREAS, pursuant to Government Code Sections 20475, 21353, and 20037 the contract amendment which is the subject of the Resolution of Intention and this Ordinance will allow the City to provide a second tier of retirement benefits at the 2% @ 60 Full formula and three-year final compensation to local miscellaneous members entering membership for the first time in the miscellaneous classification after the effective date amendment to the contract; and, WHEREAS, beginning in FY 2008-2009 the City has identified revenue shortfalls and a severe imbalance with projected expenditures in its General Fund account sufficient to have required the City to deplete nearly its entire General Fund reserves and implement cost-cutting measures in each fiscal year from 2008-2009 to 2012-2013 impacting service levels and significantly reducing the workforce; and, WHEREAS, employee salaries and benefits comprise approximately 78% of general fund expenditures; and, Ordinance No. 2451 N.C.S. Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 WHEREAS, all Units that include miscellaneous employees have ratified agreements, and all include a provision for a second tier of retirement for the 2% @ 60 formula and the three-year final compensation; and, WHEREAS, in accordance with Section 7507 of the Government Code the future annual costs as determined by the System Actuary for the change in retirement benefits were made public at a public meeting of the City Council of the City of Petaluma on December 6, 2012 which is at least two weeks prior to the adoption of this Ordinance; and, WHEREAS, the System Actuary determined that there will be no immediate employer contribution rate impact from this amendment, but that when the mix of first and second tier retirement employees reaches a 50/50 ratio, the employer cost and contribution rate will decrease by 1.7%which in current dollars is an annual City savings of $203,330; and, WHEREAS, if a second tier of retirement is implemented, the City will achieve annual cost savings that will assist the City in restoration of services; and, WHEREAS, the Public Employees' Pension Reform Act of 2013 (PEPRA) and related Public Employees' Retirement Law will result in complex changes to retirement benefits effective January 1, 2013; and, WHEREAS, PERS requires that an employer must adopt a lower benefit formula prior to January 1, 2013 and complete the contract amendment process in accordance with all applicable requirements and that the effective date of the final action of the governing body be prior to December 31, 2012; and, WHEREAS, pursuant to the Charter of the City of Petaluma, Article All, Section 76A, an urgency ordinance may be adopted to take immediate effect when necessary for the immediate preservation of the public health, safety and welfare and passed by a unanimous vote of the city council members present of the time of adoption; and, WHEREAS, Government Code section 36934 provides that an urgency ordinance may be passed immediately upon introduction and either at a regular or a special meeting. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Petaluma as follows: Section 1. Findinas. The above recitals are hereby declared to be true and correct and findings of the City Council of the City of Petaluma. Section 2. Contract Amendment Authorized. The amendment to the contract between the City of Petaluma and the Board of Administration, California Public Employees' Retirement System attached hereto, marked Exhibit A, and incorporated herein by reference is hereby authorized. Section 3. Mayor Authorized to Execute Amendment. The Mayor is hereby authorized and directed to execute said amendment for and on behalf of the City of Petaluma. Section 4. Severability. If any provision of this ordinance or the application thereof to any person or circumstance is held invalid, the remainder of the ordinance, including the application of such part or provision to other persons or circumstances shall not be affected thereby and shall continue in full force and effect. To this end, provisions of this ordinance are severable. The City Council hereby declares that it would have passed each section, subsection, subdivision, Ordinance No. 2451 N.C.S. Page 2 paragraph, sentence, clause, or phrase hereof irrespective of the fact that any one or more sections, subsections, subdivisions, paragraphs, sentences, clauses, or phrases be held unconstitutional, invalid, or unenforceable. Section 5. Effective Date. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health, and safety of the City of Petaluma on the basis of the facts stated herein and shall take effect immediately and be in force from and upon the date of its passage. Section 6. Posting/Publishing of Notice. The City Clerk is hereby directed to post/publish this ordinance or a synopsis of this ordinance for the period and in the manner required by the City Charter. INTRODUCED, ORDERED POSTED, and ADOPTED this 271h day of December 2012, by the following vote: Ayes: Albertson, Barrett, Mayor Glass, Harris, Healy, Kearney, Vice Mayor Renee Noes: None Abstain: None Absent: None David Glass, Mayor ATTEST: APPROVED AS TO FORM: 2014794.1 r Leslie Thomsen, Assistant City Attorney Ordinance No. 2451 N.C.S. Page 3 Ak�_, Ca1PERS California Public Employees' Retirement System Exhibit A AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees'. Retirement System and the City Council City of Petaluma The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered Into a contract effective January 1, 1950, and witnessed October 18, 1949, and as amended effective August 1, 1959, November 1, 1959, March 1, 1965, June 1, 1965, April 1, 1969, January 1, 1974, November 1, 1980, November 1, 1981, July 1, 1982, January 1, 1987, December 28, 1987, January 1, 1992, January 4, 1996, June 30. 1996. May 4, 1998, April 5, 1999, June 30, 2001, January 16, 2003, October 7, 2008 and November 15, 2012 which provides for participation of Public Agency In said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 14 are hereby stricken from said contract as executed effective November 15, 2012, and hereby replaced by the following paragraphs numbered 1 through 15 Inclusive; All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members entering membership in the miscellaneous classification on or prior to the effective date of this amendment to contract and age 60 for local miscellaneous members entering membership for the first time in the miscellaneous classification after the effective date of this amendment to contract; age 50 for local safety members entering membership In the safety classification on or prim to November 15, 2012 and age 55 for local safety members entering membership for the first time in the safety classification after November 15, 2012. Ordinance No. 2451 N.C.S. Page 4 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1950 .making its employees as hereinafter provided, members of said System subject to all provisions of the Public Employees' Retirement Law except such as apply only on election of a contracting agency and are not provided for herein and to all amendments to said Law hereafter enacted except those, which by express provisions thereof, apply only on the election of a contracting agency. 3. Public Agency agrees to indemnify, defend and hold harmless the California Public Employees' Retirement System (CaIPERS) and its trustees, agents and employees, the Ca!PERS Board of Administration, and the California Public Employees' Retirement Fund from any claims, demands, actions, losses, liabilities, damages, judgments, expenses and costs, including but not limited to interest, penalties and attorneys tees that may arise as a result of any of the following: (a) Public Agency's election to provide retirement benefits, provisions or formulas under this Contract that are different than the retirement benefits, provisions or formulas provided under the Public Agency's prior non-CaIPERS retirement program. (b) Public Agency's election to amend this Contract to provide retirement benefits, provisions or formulas that are different than existing retirement benefits, provisions or formulas. (c) Public Agency's agreement with a third party other than CaIPERS to provide retirement benefits, provisions, or formulas that are different than the retirement benefits, provisions or formulas provided under this Contract and provided for under the California Public Employees' Retirement Law, (d) Public Agency's election to file for bankruptcy under Chapter 9 (commencing with section 901) of Title 11 of the United States Bankruptcy Code and/or Public Agency's election to reject this Contract with the CaIPERS Board of Administration pursuant to section 365, of Title 11. of the United States Bankruptcy Code or any similar provision of law. (e) Public Agency's election to assign this Contract Without the prior written consent of the CaIPERS' Board of Administration. (f) The termination of this Contract either voluntarily by request of Public Agency or involuntarily pursuant to the Public Employees' Retirement Law. Ordinance No. 2451 N.C.S. Page 5 (g) Changes sponsored by Public Agency in existing retirement benefits, provisions or formulas made as a result of amendments, additions or deletions to California statute onto the California Constitution. 4. Employees of Public Agency in the fallowing classes shall become members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. Employees other than local safety members (herein referred to as local miscellaneous members). 5. In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become members of said Retirement System: NO ADDITIONAL EXCLUSIONS 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member entering membership In the miscellaneous classification on or prior to the effective date of this amendment to contract shall be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 7. The percentage of final compensation to be provided for each year of credited current service as a local miscellaneous member entering membership for the first time in the miscellaneous classification after the effective date of this amendment to contract shall be determined In accordance with Section 21353 of said Retirement Law (2% at age 60 Full). 8. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member entering membership in the safety classification on or prior to November 15, 2012 shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full), 9. The percentage of final compensation to be provided for each year of credited current service as a local safety member entering membership for the first time in the safety classification after November 15, 2012 shall be determined in accordance with Section 21363.1 of said Retirement, Law (3% at age 55 Full). Ordinance No. 2451 N.C.S. Page 6 10. Public Agency elected and elects to. be subject to the following ,optional provisions: Section 212221 (One -Time, 5% Increase - 1970). -Legislation repealed said Section effective January 1, 1980.. b. Se6tion.'20042._ (One -Year FinalCompensation) for local safety members; entering membership on or prior°to November 15, 2012 and..locarmisceilaneous members, entering membership on or prior to the effective date -of this amendment to contract. C. Sectlon 20965 (Credit for-Unused'Sick Leave). d. Section 21326 (One -Time 1% to 7% ,Increase For Local Miscellaneous: Members Mo!Retlreci or'Died'Prior'to,July 1, 1974). Legislation repeaied-said Section effective January 1. 2002. e. Sections .21624, 21626 and 21628 (post Retirement Survivor Allowance) for local fire members;only. f. Section,21024 (Military Sorvice Credit as, Public Service), g, Section :21574,.(Four1h Level of '1959 Survivor Benefits) for local safety:members only. In. Section 21573 (Third Level of 1959 Survivor Benefits) for local miscellaneous rnembers only. Section 20434 ("Local Fire Fighter" shall include any officer or employee of'a fire department employed to perform firefighting, fire prevention, fire training,_ hazardous materials, .emergency medical services; or 'fire' or arson investigation services as described in Govemment,Code Section 20434). Section 20903 (Two Years Addltional-Service Credit), k. Section 20475 (Different Level.of Benefits). Section 2.1363.1 (3% @ 55 Full formula)' and Section .20037 ,(Three -Year Final Compensation) are applicable to local safety members entering membership for the first time In the safety classification after November 15, 2612. Sectlon:21353 (2%,@ 60 Full formula) and 'Section;20037 (Three - Year, Final Compensation) are applicable to local miscellaneous members entering membership for the first ilme in the miscellaneous .classification after the effective date. of this amendment to contract, Ordinance N9. 2451 N.C.S. Page 7 11. Public Agency, in accordance wfrth, Government Code Section 20790, ceased :to be an' "employer" W,. purposes of Section 20834' effective on November 1,, 1980, Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code. Section 20834, and accumulatedcontributions thereafter, shall be held by the Board as provided in Government'Code Section.20834. 12. Public Agency shall'contnbute to.sald.Retirement• Systamthe contributions determined'by actaariat valuations of prior and,future service liability with respect to local -miscellaneous members and local safety members of said Retirement System. 13. Public Agency sh6ll;also contribiile to said Retirement System as follows a. Contributions required car covered member'on account of the 1959 Survivor. Benefits provided under Section 21573'of said Retirement Law. •(Subject to,annual change.) In addition, all assets and liabilities' of Public Agency and its employees shall be pooled in a single; account,. based on term insurance rates,:for survivors of all local miscellaneous members. b. Contributions.required per covered memoer'omaccount of the 1959 Survlvor'Benefitsprovided under''Section 21574,6f.said Retirement Law. (Subject to .annual change.) 1p..adtltfion, all 'assets and liablittles, of Public Agency and Its, employees shall be pooled in a single- account, based on term, Insure nee'ratesJor survivors of all locarsafety members. c. A reasonable amount, as .fixed by the::Board, payable in one installment within 66 days. of date of contract Ito cover the costs et administering`said.System as it affects .the, employees of Public Agency, not including tiie costs: of 'special .valuations or of the periodic'investigation and .valuatiuns required by law. d. A reasonable amount, as fixed by the Board, payable in one installment as the occasions :arise, to cover the costs of special valuations on account of employees of Public Agency, and costs of the periodic Investigation and valuations required by law: 14. Contributions required of Public Agency and, its .employees shall be subject to adjustment by Board' on account of amendments ,to the. Public Retirement System as determined account of'the•experlence under the Employees' Retirement Law, and on by the periodic Investigation and valuation required by said Rebrerrerit Law. Ordinance No. 2451 N.C.S. Page 8 15, Contributions re.qulred: f Public Agency and its employees shalt be paid by Public Agency to the Retirement'System within fifteen days after the end of the ,pedod to which said contributions fete or as may be prescribed by Board'. regulation. If more or less `than, the ,correct amount of contributions is paid; for any, period, proper adjustment shall be- made in connection with subsequent remittance's:. Adjustments on account of errors in contributions;required.of any employee may be made by direct payments between the employee and the Board: B. This amendment shall be effective on the — day of BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF PETALUMA BY BY- . KAREN DE FRANK, CHIEF PRESIDING':OFFICER CUSTOMER ACCOUNT SERVICES' DIVISION PUBLIC EMPLOYEES' RETIREMENT'SYSTEM AMENDMENr CaIPERSID#W64MM PERS-CON-702A. Wimess:Date ____, Attest Ordinance No. 2451 N.C.S. Page 9