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HomeMy WebLinkAboutStaff Report 1.B 10/06/2008`.. CITY OF PETALUMA, CALIFORNIA October 6, 2008 AGENDA BILL . Agenda Title: Adoption of an Urgency Ordinance Authorizing Amendment Meeting Date: of the Contract Between the City of Petaluma and the Board of October 6, 2008 Administration of the California Employees' Retirement System Allowing the City to Offer Two Additional Years of Service Credit to Miscellaneous, Police, and Fire Employees Meeting Time: ❑ 3:00 PM ® 7:00 PM Category: ❑ Presentation ❑ Consent Calendar ❑ Public Hearing ® Unfinished Business ❑ New Business Department: Director: Contact Person: Phone Number: Human Resources John Brown P al Rob, 778 -4343 Cost of Proposal: N/A Name of Fund: Amount Budgeted: N/A Account Number: Recommendation: It is recommended that the City Council take the following action: Adoption of an Urgency Ordinance Authorizing Amendment of the Contract Between the City of Petaluma and the Board of Administration of the California Employees' Retirement System Allowing the City to Offer Two Additional Years of Service Credit to Miscellaneous, Police, and Fire Employees. Summary Statement: Adoption of this Urgency Ordinance will put the ordinance into immediate effect, eliminating the usual 30 -day period between adoption and the effective date. The urgency ordinance will only be in effect until the effective date of the same ordinance which is proposed for adoption in the regular manner. If the Council passes the urgency ordinance, the City can accelerate the process required to offer additional service credits to potential retirees by 30 days, assuming the Council decides to implement the program. Because of impending layoffs the City is evaluating offering two years of additional service credit to Miscellaneous, Police, and Fire Employees as an incentive to retire early. If the City decides to offer the additional service credit, PERS regulations require that the City cost the increase in retirement benefits and make the cost public for at least two weeks. Thereafter, the City Council must designate by resolution the window period, which must be at least 90 days in length, and eligible employees must retire within the window period. Adopting the Urgency Ordinance enables the City to open the "window" of opportunity for employees sooner enabling retirements to occur sooner. This will mitigate impending layoffs and save money. Final implementation of the additional service credit will require Council approval by separate resolution. Adding this provision to the PERS contract does not mandate its use. There is no obligation to ever implement this provision. Attachments to Agenda Packet Item: 1. Urgency Ordinance Authorizing An Amendment to the Contract Between the City of Petaluma and the Board of Administration of the California Employees' Retirement System Allowing the City to Offer Two Additional Years of Service Credit to Miscellaneous, Police, and Fire Employees. 2, Exhibit A — Amendment to Contract Between the City of Petaluma and the Board of Administration of the California Public Employees' Retirement System to Allow the City to Offer Two Years of Additional Service Credit to Miscellaneous, Police, and Fire Employees. Reviewed by Admin. Svcs. Dir: Reviewed by City Attorney: AwDroved by,�Qty Manager: Date: Date: Date. Re Date Last Revised: File: CITY OF PETALUMA, CALIFORNIA OCTOBER 6, 2008 AGENDA REPORT FOR ADOPTION OF AN URGENCY ORDINANCE AUTHORIZING AMENDMENT RATION OF THE CT BETWEEN THE CITY OF PETALUM MEND T� BOARD ALLOO � G THE CITY TO OFFER CALIFORNIA EMPLOYEES RETIRE TWO ADDITIONAL YEARS AND FIRE EMPLOYEES MISCELLANEOUS, POLICE, 1 RECOMMENDATION: Adopt Urgency Ordinance to Amend the Contract. 2. BACKGROUND: cil ado ted a Resolution of In to amend the City's e ordinance is sheduleddto the occur at Cead P Reading of the Ordinance on September 15, 2008. Adoption of t the Council meeting on October 6, 2008. PERS requires that the en. opt City has ordinance s requirement. place at least 20 days after adoption of the Resolution of Intent 2008, if it is adopted Normally the effective date of the ordinance would ndment October d be the day following the on that date. The effective date of the PE effective date of the ordinance which would be November 6, 2008. I PP f a roved, this Urgency Ordnance allows the City to move 2008 and thereby have the option the to the contract to October 8, 2008 instead of November , offering the additional service credit sooner. The City reading as a backup to o the urgency ordinance. g also be adopted as a regular ordinance after its second red g The City continues to evaluate whether or not offering additional service credit is beneficial to the T Y City at this time. Prior to implementing any offer of additional service credit disclose l that is required the publics. calculate the cost or "additional employer contributions, an Following that disclosure, staff would then bring back to Council an enabling Resolution to implement the provisions of the Contract Amendment. 3 FINANCIAL IMPACTS: There is no cost to either the City or the employees frothe Pim implementing the provisions i lf of other the than staff and legal review time. Costs associated p offered a Amendment are based on which classifications are re Counc 1 for e benefits mplementation and will be addressed when or if the item is brought back be o If t Y he Cit decides to implement the provisions of the Am dmf Chet resent iced to of calculate additional the "additional employer contributions" based upon an estimate to er contributions which will be required in the future for be included providing e two the City's ice credyer emp y The cost of the two years additional service credit will ars after th contribution rate for the fiscal year starting two ye ne ad 20 t ea designated period. The increase in the employer contribution rate may continue for as g The annual valuation report for the fiscal year that begins two t years a er the es d ng from designated the two period will show the amount of the increase in the employer con years service credit. 1149414.1 ORDINANCE NO. N.C.S. Introduced by Councilmember Seconded by Councilmember URGENCY ORDINANCE AUTHORIZING AN AMENDMENT F ADMINISTRAT ON CT BETWEEN THE CITY OF PETALUMA AND BOARD OF THE CALIFORNIA PUBLIC EMPLOYEES' YEARS RETIREMENT SYSTEM SERVICE CREDIT T'O G THE CITY TO OFFER TWO ADDITIONAL MISCELLANEOUS, POLICE AND FIRE EMPLOYEES W HEREAS, on September 15, 2008, the City Council adopted Resolution t between 2008 -1858 and of Resolution of Intention to App rove an Amendment Retirement System ( "PERS ") and the City Administration of the California Public Employ Council of the City of Petaluma; and WHEREAS, on September 15, 2008, the city to implement he contract amendment ridenti identified in amendment to the City's contract with PER p the Resolution of Intention; and WHEREAS, the contract amendment `N8i a d this Ordinance would allow the City to provide two Ordinance introduced September 15, 200 years additional service credit pursuanto m Go iscellaneous members' and oe al safety members' of vernment Code doing so would permit retirement of certain the City's workforce; and WHEREAS, the City recently identified rev e sh ttf lls and d a red r eCbylto delaytadoption ceof expenditures in its General Fund account sufficient a General Fund budget for Fiscal Year 2008 -2009 until accurate revenue projections and cost- cutting measures can be identified; an d WHEREAS, employee salaries and benefits comprise approximately 78% of general fund expenditures; and WHEREAS, p ossible cost - cutting measures applicable to programs and services have been identified by City staff and management, but ore bed revenue for Fiscal Year 2008 -2009 without to reconcile general fund expenditures w projected requiring reduction of the City workforce; and WHEREAS, providing additional service credit to potential retirees could increase the number of City employees electing retirement and /or early retirement; and WHEREAS, increasing the number of City employ ees electing retirement or early retirement ee layoffs otherwise could result in cost savings iscal Year o 2008 2009 budget exp ndit res with projected revenues; and needed to balance WHEREAS, expected cost savings from hmod modification on would be significanit,ywith the magnitude ude of retirement pursuant to the PERS contract savings dependent on the number of employees who might opt to participate; and WHEREAS, implementing the amendment esttposs possible time to facilitate savings n the current retirement of City employees at the ea p fiscal year; and WHEREAS, the Petaluma City Council Rules, Policies and Procedures, § VI.B.2 provides that ordinances may be adopted by majority vote of the Council members , present, except for those ordinances which require a larger number of votes for approval; WHEREAS, the Charter of the City of Petaluma provides at Article XII, Section 76A that an urgency ordinance may be adopted to take immediate effect when that ordinance is governed by a particular provision of state law prescribing the manner of its passage and adoption; and Govern take ent Code section 36937 provides that an urgency ordinance may WHEREAS, passed by a 4/5 majority of the membership of the City Council and is immediate effect if p ublic eace, health or safety. necessary for the immediate preservation of the p P NOW THEREFORE, be it ordained by the council of the City of Petaluma as follows: Section 1. Findings, The above recitals are hereby declared to be true and correct and findings of the City Council of the City of Section 2. Contract Amendment Authorized. An amendment to the contract eesReteement the City of Petaluma and the Board of Administration said mendmtent being attached hereto, marked Exhibit System is hereby authorized, a copy A, and by such reference made a part hereof as though herein set out in full. ouncil is Section 3. Ma or Authorized to Execute sa dm amendment foer and Mayor on behalf of the City of hereby authorized and directed to exec Petaluma. provision of this ordinance or the application thereof to any Section 4. Severability. If any p application of mainder of the ordinance, person part circumstance is held ipersonshorrci circumstances shall not be affected thereby and ThesC'i II such part or provision to other per provisions of this ordinance are severable. y continue in full force and effect. To this end, p passed each section, subsection, subdivision, Council hereby declares that it would have p one or more paragraph, sentence, cl subdivisions, paragraphs re f that sentences clauses, or phrases be held sections, subsections, unconstitutional, invalid, or unenforceable. Section 5. Effective Date. This ordinance ealth,hand safety of he City of Petaluma fon the immediate preservation of the public peace, basis of the facts stated herein and shall, after its initial passage n force fromfandfupon theedate of members of the City Council, take effect its passage. rther force Section 6. Duration. This r fi a ance shlnon urgency Ordinance of the theeCity of Petaluma effective date of Ordinance No. 2 of Authorizing an Amendment to the Contract between the City Systaluma introduced and Board on September Administration of the California Public Employees' 15, 2008. Section 7. 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 AND ADOPTED THIS AYES: NOES: ABSENT: 1149308.1 day of October, 2008, by the following vote: CaIPERS EXHIBIT h California Public Employees' Retirement System AMENDMENT TO CONTRACT Between the Board of Administration System California Public Employees' Retirement and the City Council City of Petaluma California Public Employees' Retirement System, The Board of Administration, overning body of the above public agency, hereinafter referred to as Board, and en Y, having entered into a contract effective hereinafter referred to as Public Agency, 1974 1 1950, and witnessed October 18, 1949, and as amended effective August , January , June 1, 1965, April 1, 1969, January 1, 1959, November 1, 1959, March 1, 1965, 1 1982, January 1, 1987, December 28, November 1, 1980, November 1, 1981, July 4, 1998, April 5, 1999, 1987, January 1, 1992, January 4, 1996, June 30, 1996, May 16, 2003 which provides for participation of Public Agency June 30, 2001 and January agree as follows: in said System, Board and Public Agency hereby a through 12 are hereby stricken from said contract as executed A. Paragraphs 1 1 g 2003, and hereby replaced by the following paragraphs effective January numbered 1 through 12 inclusive: 1. All words and terms used herein which e mean ngna in efined therein Employees' Retirement Law shall have t unless otherwise specifically provided. "Normal and age 50 for local safety mean age 55 for local miscellaneous members members. ;? f +��� �.Li ts,, 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. Employees of Public Agency in the following, 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). 4. 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 5, The percentage of final compensation to be provided miscellaneous member shall credited prior and current service as a local misc be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full). 7. Public Agency elected and elects to be subject to the following optional provisions: a. Section 21222.1 (One -Time 5% Increase - 1970), Legislation repealed said Section effective January 1, 1980. b. Section 20042 (One -Year Final Compensation). C. Section 20965 (Credit for Unused Sick Leave). d. Section 21326 (One -Time 1% to 7% Increase For Local Miscellaneous Members Who Retired or Died Prior to July 1, 1974). Legislation repealed said Section effective January 1, 2002. e. Sections 21624, 21626 and 21628 (Post- Retirement Survivor Allowance) for local fire members only. Section 21024 (Military Service Credit as Public Service). g. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local safety members only. h. Section 21573 (Third Level of 1959 Survivor Benefits) for local miscellaneous' members 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 Government Code Section 20434). j. Section 20903 (Two Years Additional Service Credit), 8. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for 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 accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 9. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 10. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per 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 member on account of the 1959 Survivor Benefits provided under Section 21574 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 safety members. C. A reasonable amount, as fixed by the Board, payable in one installment within 60 days of date of contract to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or of the periodic investigation and valuations 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. 11. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement Law, and on account of the experience under the Retirement System as determined by the periodic investigation and valuation required by said Retirement Law. 12. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen days after the end of the period to which said contributions refer 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 remittances. 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 LORI MCGARTLAND'`CHIEF EMPLOYER SERVICES DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AMENDMENT ER# 0293 PERS- CON -702A (Rev. 10 \05) PRESIDING OFFICER WOO Date Attest: Clerk i