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HomeMy WebLinkAboutCalifornia Public Employees Retirement System - CalPERS - PERS - 2008-04-21Huntington Beach Independent has been adjudged a newspaper of general circulation in Huntington Beach and Orange County by Decree of the Superior Court of Orange County, State of California, under date of Aug. 24, 1994, case A50479. PROOF OF PUBLICATION STATE OF CALIFORNIA) ) SS. COUNTY OF ORANGE ) I am the Citizen of the United States and a resident of the County aforesaid; I am over the age of eighteen years, and not a party to or interested in the below entitled matter. I am a principal clerk of the HUNTINGTON BEACH INDEPENDENT, a newspaper of general circulation, printed and published in the City of Huntington Beach, County of Orange, State of California, and the attached Notice is a true and complete copy as was printed and published on the following date(s): May 15, 2008 declare, under penalty of perjury, that the foregoing is true and correct. Executed on May 15, 2008 at Huntington Beach, California Signatidre ORDINANCE NO.3802 AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH AND THE BOARD OF, ADMINISTRATION OF THE CALIFORNIA PUBLIC EM- PLOYEES' RETIREMENT SYSTEM The City Council of the City of Huntington Beach does hereby ordain as follows: SECTION 1. That an amendment to the contract' between the City Council of the City of Huntington Beach and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked EXHIBIT "A", and by such reference made a part hereof as though herein, set out in full. SECTION 2. That the Mayor of the City Council of the City of Huntington Beach is hereby authorized, empowered, and directed to execute said amendment for, and on behalf of the City. SECTION 3. This ordinance shall become effective 30 days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof, shall be published at least once in the Huntington Beach Independent, a newspaper of general circulation, published and circulated in the City of Huntington Beach; and thenceforth and thereafter the same shall be in full force and effect. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 5th day of May, 2008. ATTEST: s/s Joan L. Flynn /s/ Debbie Cook City Clerk Mayor REVIEWED AND APPROVED: INITIATED AND s/s Paul Emery - APPROVED: City Administrator s/s Michelle Carr Director of Human Resources APPROVED AS TO FORM: /s/ Jennifer McGrath City Attorney Published Huntington Beach Independent May 15, 2008 053-673 Council/Agency Meeting Held: 0 0 Deferred/Continued to: /07—� S 0. `gAp oved ❑ Conditionally App oved ❑ Denied . Cit lerk' Signa e Council Meeting Date: 04/21/08 Department ID Number: HR 08-03 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL -MEMBERS SUBMITTED BY: PAUL EMERY, INTERIM CITY ADIIfSTRATOR PREPARED BY: MICHELE CARR, DI SUBJECT: INTRODUCTION AND FRSTjREADING OF AN ORDINANCE TO APPROVE AN AMENDMENT T CONTRACT BETWEEN THE BOARD OF ADMINISTRATION F THE CALIFORNIA PUBLIC. EMPLOYEES' RETIREMENT SYST (CaIPERS) AND THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH Statement of Issue, Funding Source, Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s) Statement of Issue: The City and representatives of Municipal Employees' Association (MEA), Management Employees' Organization (MEO) and Police Officers' Association (POA) met and conferred regarding the implementation of enhanced retirement benefits — CaIPERS 2.5% 55 Formula. Appropriate modifications to Memorandums of Understanding have been approved by Council. Funding Source: The cost to implement the retirement plan enhancement will be borne by the affected employees in all groups; MEA, MEO, POA miscellaneous (non -safety) members and Non -Associated (NA) employees. Recommended Action: Motion to: 1. Adopt Ordinance No. 3802 , an ordinance authorizing an amendment to the contract between the Board of Administration of the California Public Employees' Retirement System and the City Council of the City of Huntington Beach. 2. Authorize the City Clerk to execute the Certification of Employee Election (PERS-CON-15). 3. Authorize the City Clerk to execute the Certification of Final Action of Governing Body (PERS- CON-5). Alternative Action(s): Do not adopt Ordinance No. 3802 an ordinance authorizing an amendment to the contract between the Board of Administration of the California Public Employees' Retirement System and the City Council of the City of Huntington Beach. Do not authorize the City Clerk to execute the Certification of Employee Election (PERS-CON-15). Do not authorize the City Clerk to execute the Certification of Final Action of Governing Body (PERS- CON-5). REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 04/21/08 DEPARTMENT ID NUMBER: 08-03 Analysis: Representatives of MEA, MEO and POA have agreed to the additional. terms and conditions as outlined in the current MOU(s) or approved Side Letter Agreement(s) previously approved by City Council. The current NA Resolution (for non -represented employees), reflects the appropriate terms and conditions associated with the proposed benefit enhancement and has been approved by City Council. The City and the Associations have agreed to implement the CalPERS 2.5% @ 55 Miscellaneous Retirement Plan Formula, subject to Council approval and attainment of the required majority approval vote in accordance with CalPERS requirements. The Associations and the City agreed that the eligible Association members would absorb all of the additional costs of the enhanced plan benefit from the implementation date through the end of the contract terms. For POA non-safety/miscellaneous members, in the event the additional employee costs drop below 2.25%, the Association members agree to absorb 2.25% of the employee share of the additional costs for the enhanced retirement plan benefit formula. Based upon the CalPERS Contract Amendment Cost Analysis, the overall percentage change to the City's contribution rate, which will be borne by the affected employees' is 3.285%. This reflects a change in the total employer rate of 2.285% + 1 % - increase in the contribution rate of reportable earnings (currently 7% to 8% post -amendment). Government Code Section 7507 requires that the future annual costs of the proposed contract amendment be made public at a City Council meeting at least two weeks prior to the adoption of the final ordinance. These costs are as follows: Cost Disclosure Change in the Present Value of Benefits $13,025,047 Change in Accrued Liability $ 6,155,964 Change in Total Employer Rate 2.285% The local miscellaneous member contribution rate will be 8% of reportable earnings, as. of the effective date of the amendment to the contract. Strategic Plan Goal: Provide quality public services with the highest professional standards to meet community expectations and needs, assuring that the city is sufficiently staffed and equipped overall. Fully understand the financial implications of financial decisions before they are made, and recognize and disclose fiscal impacts of the pension crisis. Environmental Status: NA -2- 4/14/2008 4:44 PM REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 04/21/08 DEPARTMENT ID NUMBER: 08-03 Attachment(s): City Clerk's .•- Number No. Description 1. 3 ORDINANCE No. 3802 AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL CITY OF HUNTINGTON BEACH (Includes Exhibit A EXHIBIT A —AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL CITY OF HUNTINGTON BEACH Included in Attachment #1 2. CERTIFICATION OF EMPLOYEE ELECTION PERS—CON-15 3. CERTIFICATION OF FINAL ACTION OF GOVERNING BODY (PERS- CON-5 -3- 4/14/2008 4:44 PM ATTACHMENT #1 ORDINANCE NO. 3802 AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM The City Council of the City of Huntington Beach does hereby ordain as follows: SECTION 1. That an amendment to the contract between the City Council of the City of Huntington Beach and the Board of Administration, California. Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked EXHIBIT "A", and by such reference made a part hereof as though herein set out in full. SECTION 2. That the Mayor of the City Council of the City of Huntington Beach is hereby authorized, empowered, and directed to execute said amendment for, and on behalf of the City. SECTION 3. This ordinance shall become effective 30 days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof, shall be published at least once in the Huntington Beach Independent, a newspaper of general circulation, published and circulated in the City of Huntington Beach; and thenceforth and thereafter the same shall be in full force and effect. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 05th day of May , 2008. ATTEST: i lerk REV Administrator OVED: wil ffl- N -.zwl (_ -_ EXHIBIT A CAPERS California Public Employees' Retirement System C AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System .and the City Council City of Huntington Beach 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 October 1, 1945, and witnessed October 27, 1945, and as amended effective January 1, 1950, March 1, 1952, November 1, 1957, March 1, 1958, October 1, 1961, January 1, 1971, January 12, 1974, April 18, 1975, February 21, 1976, August 7, 1976, September 17, 1977, September 30, 1978, June 6, 1981, March 18, 1982, February 24, 1983, December 4, 1986, March 18, 1988, November 4, 1999, April 20, 2000, June 30, 2001, October 5, 2001, February 6, 2003, May 8, 2003 and March 11, 2006 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective March 11, 2006, and hereby replaced by the following paragraphs numbered 1 through 13 inclusive: 1. 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 and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after October 1, 1945 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); 1. Local Police Officers shall include individuals defined by Section 20020 of the Government code prior to its amendment at the 1975-76 Regular Legislative Session, effective January 1, 1976, employed by Public Agency prior to such amendment. C. Ocean Beach Lifeguards (included as local safety members); d. 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: a. CROSSING GUARDS, EMPLOYEES IN STUDENT DESIGNATED POSISTIONS AND SENIOR OUTREACH ASSISTANTS HIRED ON AND AFTER MARCH 18, 1982; AND b. RESERVE FIREFIGHTERS HIRED ON AND AFTER DECEMBER 4, 1986. 5. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment before and not on or after 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). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment on or after the effective date of this amendment to contract shall be determined in accordance with Section 21354.4 of said Retirement Law (2.5% at age 55 Full). 7. 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). 8. Public Agency elected and elects to be subject to the following optional provisions. a. Section 21574 (Fourth Level of 1959 Survivor Benefits). b. Section 20421 ("Local Safety Member" shall include ocean beach lifeguards of a city as described in Government Code Section 20421). C. Sections 21624, 21626 and 21628 (Post -Retirement Survivor Allowance) for local fire members only. d. Section 20020.1 ("Local Police Officer' shall include employees of a police department who were employed to perform identification or communication duties on August 4, 1972 and who elected to be local safety members within six months of April 18, 1975). Legislation repealed said Section effective January 1, 1985. e. Section 21024 (Military Service Credit as Public Service). f. Section 20042 (One -Year Final Compensation). g. Section 20903 (Two Years Additional Service Credit). h. Section 21037 (Cancellation of Payment for Optional 'Service Credit Upon Retirement for Industrial Disability) for local safety members only. Section 21548 (Pre -Retirement Option 2W Death Benefit). 9. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on April 18, 1975. 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. 10. 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. 11 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 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 miscellaneous members and local safety members b 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 c 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 12 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 13 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 A) E 08 BOARD OF ADMINISTRATION CITY COUNICL PUBLIC EMPLOYEES RETIREMENT SYSTEM CITY OF HUNTINGTON BEACH BY BY kl� ZL&La— LORI MCGARTLAND CHIEF PRESIDING OFFICER Mayor EMPLOYER SERVICES DIVISION PUBLIC EMPLOYEES RETIREMENT SYSTEM "L� Witness Date Attest i er AMENDMENT ER# 0097 aFac rnr i 700A iQ� irnnr) Ord. No. 3802 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS: CITY OF HUNTINGTON BEACH I, JOAN L. FLYNN, 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 ordinance was read to said City Council at a regular meeting thereof held on April 21, 2008, and was again read to said City Council at a regular meeting thereof held on May 5, 2008, and was passed and adopted by the affirmative vote of at least a majority of all the members of said City Council. AYES: Bohr, Coerper, Green, Carchio NOES: Hansen, Hardy, Cook ABSENT: None ABSTAIN: None 1, Joan L. Flynn, CITY CLERK of the City of Huntington Beach and ex-officio Clerk of the City Council, do hereby certify that a synopsis of this ordinance has been published in the Huntington Beach Fountain Valley Independent on May 15, 2008. In accordance with the City Charter of said City Joan L. Flynn, City Clerk Senior Deputv Citv Clerk CoClerk and ex-officio Oferk of the City Council of the City of Huntington Beach, California ATTACHMENT #2 CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Branch Public Agency Contract Services P.O. Box 942700 Sacramento, CA 94229-2709 (888) CalPERS (225-7377) CERTIFICATION OF EMPLOYEE ELECTION I hereby certify that the following employees of the City of Huntington Beach have expressed their approval or disapproval of said agency's intention to amend its contract to provide Section 21354.4 (2.5% @ 55 Full formula) on the basis described in the Resolution of Intention adopted by said agency's governing body on March 17 , 2008 , in such manner as to permit each employee to separately and secretly express his choice and that the outcome of such election was as follows: Local Miscellaneous Members as defined in Govt. Code Section 20383 (Amendment) PERS-CON-15 (Rev. 9/03) Number of employees eligible to vote 744 Number of votes approving said participation 583 kwi l 10. 2008 Date Number of votes disapproving said participation 35 ATTACHMENT #3 CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Branch Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (888) CalPERS (225-7377) CERTIFICATION OF FINAL ACTION OF GOVERNING BODY 1 hereby certify that the City Council of the (governing body) City of Huntington Beach (public agency) adopted on May 05 2008 , by an affirmative vote of a majority (date) of the members of said Governing Body, Ordinance (Ordinance or Resolution) No. 3802 approving the attached contractual agreement between the Governing Body of said Agency and the Board of Administration of the California Public Employees' Retirement System, a certified copy of said Ordinance (Ordinance or Resolution) in the form furnished by said Board of Administration being attached hereto. qCle?St�ccrel6i; City Clerk Title Date May 07, 2008 PERS-CON-5 (Rev. 1/96) RCA ROUTING SHEET INITIATING DEPARTMENT: HUMAN RESOURCES SUBJECT: INTRODUCTION AND FIRST READING OF AN ORDINANCE TO APPROVE AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH COUNCIL MEETING DATE: APRIL 21, 2008 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached Not Applicable ❑ Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached (Signed in full by the City Attorney) Not Applicable ❑ Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) NotAttached icable Staff Report (If applicable) Attached ®❑ t Applicable Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable F-XF'LAN<j11ON FOR MISSING ATTACHMENTS REVIEWED RETURNED FO RDED Administrative Staff ( ) ( ) Deputy City Administrator (Initial) ) City Administrator Initial City Clerk ( ) EXPLANATION•- RETURN OF (Below Space For City Clerk's Use Only) Kith MULIIVI. 1V11%oPICLC %. ARR Page 1 of 1 Esparza, Patty From: Henderson, Sandy Sent: Tuesday, May 13, 2008 5:01 PM To: Esparza, Patty Subject: FW: CalPERS Contract Please see below; thanks! Savvd� FteKJersov, (714) 960-8828 From: Carr, Michele Sent: Tuesday, May 13, 2008 5:00 PM To: Henderson, Sandy Subject: CaIPERS Contract The Adoption Date is: 05/05/08 The Effective Date is: 06/14/08 Per Danielle Brooks at CalPERS. Please have the City Clerk's officeprepareeverything and send us the ORIGINALS for submittal to PERS. Thank you. M Michele S. Carr Director of Human Resources City of Huntington Beach 5/13/2008