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HomeMy WebLinkAboutCity Council - 2020-44 Ilp 4 c7'1 or-) 7 RESOLUTION NO. 2020-44 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH TO GRANT ANOTHER DESIGNATED PERIOD OR TWO YEARS ADDITIONAL SERVICE CREDIT WHEREAS, the City of Huntington Beach is a contracting Public A ency of the California Public Employees' Retirement System; and Said Public Agency desires to provide another designated pe ' d for Two Years Additional Service Credit, Pursuant to California Government Cod ection 20903, based on the contract amendment included in said contract which provided for ection 20903, Two Years Additional Service Credit, for eligible members; NOW, THEREFORE, BE IT RESOLVED, that sai ity Council desires to add another designated period, and does hereby authorize this esolution, indicating a desire to add a designated period from July 1, 2020 through Septembe 0, 2020 for eligible Safety and Miscellaneous members in the City of Huntington Be ch. PASSED AND ADOPTED by the City C ncil of the City of Huntington Beach at a regular meeting thereof held on the day f , 2020. Mayor REVIEWED AND APPROVE APPROVED AS TO FORM: City ManagerC.,tCity Attorney INITIATED AND APPROVED: �C ie Financial Officer NO ACTION TAKEN 20-8661/230308 1 ,6%,_ C M P E R S California Public Employees'Retirement System Financial Office I Pension Contracts and Prefunding Programs Division P.O.Box 942703,Sacramento,CA 94229-2703 / 888 CalPERS(or 888-225-7377) 1 TTY:(877)249-7442 1 www.calpers.ca.gov Certification of Governing Body's Action I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the City Council of the City of Huntington Beach on (d'ate) Clerk/Secretary Title i i /PERS- N12(rev.1/22/19) 20-8661/230312 1 &\0k% C a I P E R S California Public Employees'Retirement System Financial Office I Pension Contracts and Prefunding Programs Division P.O.Box 942703,Sacramento,CA 94229-2703 888 CalPERS(or 888-225-7377) 1 TTY:(877)249-7442 1 www.calpers.ca.gov Certification of Compliance with Government Code Section 75 1 hereby certify that in accordance with Government Co section 7507, the future annual costs as determined by the California Public Employees' Rerement System for the increase or change in retirement benefits have been made public at public meeting of the City Council of the i O p � p g y eCty of Huntington Beach on vyhich is at least two weeks prior to the adoption of the Resolution. Adoption of the retirement benefit increase or change will not be placed on the consent calendar. Clerk/Secretary Title Date Date City Manager PERS-CON-12A(rev.12/11/18) 1 20-8661/230313 Akk- CaIPERS California Public Employees'Retirement System Financial Office I Pension Contracts and Prefunding Programs Division P.O.Box 942703,Sacramento,CA 94229-2703 888 CalPERS(or 888-225-7377) 1 TTY:(877)249-7442 1 www.calpers.ca.gov Certification of Compliance With Government Code Section 20903 In accordance with Government Code section 20903 and the contrac etween the Public Employees' Retirement System, the City Council of the City of Hunt' gton Beach hereby certifies that: 1. Because of an impending curtailment of, or change in tFPe manner of performing service, the best interests of the agency will be served by graryting such additional service credit. 2. The added cost to the retirement fund for all elig�ile employees who retire during the designated window period will be included in tlpe contracting agency's employer contribution rate for the fiscal year that begi s two years after the end of the designated period. i 3. It has elected to become subject to secVon 20903 because of impending mandatory transfers, demotions, and layoffs tha�/c onstitute at least 1 percent of the job classification, department or organytational unit, as designated by the governing body, resulting from the curtailment of or change in the manner of performing, its services. 4. Its intention at the time sect�in 20903 becomes operative is to keep all vacancies created by retirements under this section or at least one vacancy in any position in any department or other organizational unit permanently unfilled thereby resulting in an overall reduction in th ork force of such department or organizational unit. THEREFORE, the City Council of the City of Huntington Beach hereby elects to provide the benefits of Government/Code section 20903 to all eligible members who retire within the designated period, / through / CITY COUNCIL OF THE j� CITY OF HUNTINGTON BEACH BY Mayor Attest: , Cler /Secretary ate 2yr certification-PA(Rev.12/18) 20-8661/230314 1