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HomeMy WebLinkAboutCity Council - 2003-62 RESOLUTION NO. 2003-62 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH LEVYING A RETIREMENT PROPERTY TAX FOR FISCAL YEAR 2003/2004 TO PAY FOR PRE-1978 EMPLOYEE RETIREMENT BENEFITS WHEREAS, Article XIII A, Section 1(a) of the California Constitution, which was enacted by Proposition 13 in 1978, Iimits the basic property tax to 1% of assessed value,but Section 1(b)provides that the 1%property tax limitation"shall not apply to ad valorem taxes . . . to pay the interest and redemption charges on . . . any indebtedness approved by the voters prior to July 1, 1978;" and In the case entitled Carman v. Alvord, 31 Cal. 3d 318 (1982), the California Supreme Court held that the"interest and redemption charges on . . . indebtedness"covered by Section 1(b) includes employee retirement obligations of the City; and Since 1948, the City has provided retirement benefits through a contract with the Public Employees Retirement System(PERS). Pursuant to the 1966 Charter,the City has levied a separate retirement property tax to fund the City's employer retirement obligation to PERS; and Prior to 1978, the City was responsible for the employer's portion of PERS contributions, which typically fluctuated from year to year. Employees paid the employee's portion of the PERS contribution(7% for miscellaneous employees and 9% for safety employees). However, after 1978, the City agreed to pay the employee's portion of the PERS contribution; and Proposition 13 was adopted on June 6, 1978. On the same date, Huntington Beach's voters approved a new City Charter, which contains several provisions regarding retirement benefits for City employees. Section 403 of the Charter requires the City Council to "establish such reasonable compensation and fringe benefits as are appropriate by ordinance or resolution" for City officials and employees. Section 404 of the Charter requires the City to "participate in a retirement system," and Section 607(b)(2)provides that the City may impose a retirement tax "sufficient to meet all obligations of the City for the retirement system in which the City participates;" and Pursuant to these Charter provisions, the City Council continued to levy after 1978 a retirement property tax above the 1% limit of Proposition 13. Since 1983-84, Revenue and Taxation Code Section 96.31(b) has limited the City to levying a maximum retirement property tax of Zero and 0.04930/100"Dollars ($0.04930)per$100 of assessed value to pay for its retirement system; and For many years after 1978,there was no question of which retirement-related benefits the City could pay for with the retirement property tax because the employer's contribution to PERS consumed all of the retirement property tax proceeds; and 03reso/property tax override/8/13/03 1 Resolution No- 2003-62 As a result of the declining employer's contributions to PERS, during the several years prior to and including FY 2000/01, for the first time, the retirement property tax was used to pay for retirement-related benefits first offered after 1978 in addition to the City's employer's contribution to PERS; and Although the City has participated in PERS since 1945, it has modified its retirement programs since July 1, 1978. For example, effective April 20, 2000 the City amended its PERS miscellaneous employee contract from 2% @ 60 to 2% @ 55 for all miscellaneous employees. Further, effective June 30, 2 00 1, the City amended its PERS firefighters retirement contract from 2% @ 50 to 3% @ 50, and effective October 5, 2001,the City amended its remaining safety employees (police and lifeguards) PERS contract to 3% @ 50; and In December 1999, the Howard Jarvis Taxpayers Association("HJTA") filed suit challenging whether the City's retirement property tax violates Proposition 13, in a case entitled Howard Jarvis Taxpayers Association, et al., v. County of Orange, and City of Huntington Beach as Real Parry in Interest, Orange County Superior Court Case No. 81-87-80 ("Case No. 818780"). At issue was whether the retirement tax is limited to only those retirement benefits the City paid for as of July 1, 1978, or for all City-paid retirement benefits, including those benefits authorized after July 1, 1978; and Case No. 818780 was tried on February 26-27, 2001 in the Orange County Superior Court. On April 2, 2001,the Court issued a final judgment. The Court held that under Proposition 13,the retirement property tax is unconstitutional "to the extent it exceeds the City's employer contribution for PERS retirement benefits that were in existence prior to July 1, 1978." The judgment was affirmed in Court of Appeal Case No. G029292. Consequently, the retirement property tax may only be levied to pay the employer's contribution to PERS for retirement benefits the City contracted for before July 1, 1978; and For fiscal year 2003/2004, PERS is requiring the City to contribute 8997% of safety employee payroll as the City's employer's contribution. The City may levy a retirement property tax sufficient to pay this contribution provided that the employer's contribution is attributable only to the pre-1978, 2% @ 50 PERS contract,but not the 3% @ 50 PERS contract; and There is no exact means to precisely calculate what the PERS safety employer contribution would be in 2003/04 had the City not amended its PERS contract to provide 3% @ 50 benefits. However,there is a reasonable actuarial method to identify the incremental cost of changing the safety employee retirement plan from 2% @ 50 to 3% @ 50; and In December 2000, PERS provided a"Contract Amendment Cost Analysis"for the 3% @ 50 safety employee retirement plan. The PERS Analysis indicated that according to special rules PERS has applied to all plans with a then-employer contribution rate of zero,no short-term cash flow impact of the contract amendment would be experienced for 8 years. Consequently, this portion of the Analysis suggests that all of the 8.997%employer contribution should be allocated to pre-1978 benefits and none of the contributions should be allocated to post-1978 benefits; and 03reso/property tax override/8113/03 2 Resolution No. 2003-62 However,based upon historical averages, the PERS Analysis also identified 4.589%of safety payroll as the change in the "Normal Cost" of safety retirement plan due to the Contract Amendment. Normal Cost represents the value of retirement benefit earned in the current year. Further,page 3 of the PERS Analysis states that "the change in normal cost. . . may be much more indicative of the long-term change in the employer contribution rate due to the plan amendment." Accordingly, going forward, the City Council will allocate 4.589%of any safety employer's rate PERS imposes to the cost of the 3% @ 50 contract amendment, and the remainder of the employer's rate to the pre-1978 safety benefits. Consequently, the retirement property tax for Fiscal Year 2003/04 will be used to pay 4.408% of safety employee payroll (8.997% -4.589%); and The estimated cost to the City of 4.408% of safety employee payroll for 2003/04 is $1,279,113. A retirement property tax levy sufficient to raise this amount of money is $0.00696 per$100 of assessed value. This amounts to a retirement tax of approximately$7.00 per $100,000 of assessed value; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington Beach that a retirement property tax levy of Zero and 0.00696/100t' Dollars ($0.00696)per $100 of assessed value shall be levied for employee retirement costs for Fiscal Year 2003/04, and the remainder of the $0.04930 per$100 of assessed value levy authorized under Revenue & Taxation Code Section 96.3(b) is suspended. BE IT FURTHER RESOLVED that to the extent the 2003/04 levy actually produces more or less revenues than the actual cost of 4.408% of safety employee payroll, then the 2004/05 retirement property tax shall be adjusted accordingly to recover the shortfall or refund the excess. BE IT FURTHER RESOLVED that the City Council declares that although it is suspending a portion of the retirement property tax for Fiscal Year 2003/2004, it retains the authority to levy the tax in future years up to the rate of$0.0493%per$100 of assessed value. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 18 day of August , 2003. 1 Mayor ATTEST: APPROVED AS TO FORM: v City Clerk1 ity Atto ey �- REV WED AN APP O D: INITiAT APP VED: f City Administrator Directo of Administrative Services 03resaJproperty Sax ti�erridef8113f03 3 Res. No. 2003-62 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, CONNIE BROCKWAY, the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of at least a majority of all the members of said City Council at an regular meeting thereof held on the 18th day of August, 2003 by the following vote: AYES: Coerper, Green, Boardman, Cook, Houchen, Hardy NOES: Sullivan ABSENT: None ABSTAIN: None d%4�. 6RWZZWA4t= City Clerk and ex-officio lerk of the City Council of the City of Huntington Beach, California