HomeMy WebLinkAboutCC Res 5102 2003-02-10
I
I
I
RESOLUTION NUMBER ~~
CITY COUNCIL OF THE CITY OF SEAL BEACH
RESOLUTION TO GRANT ANOTHER
DESIGNATED PERIOD FOR TWO YEARS
ADDITIONAL SERVICE CREDIT
WHEREAS, the City Council of the City of Seal Beach is a
contracting Public Agency of the Public
Employees' Retirement System; and
WHEREAS, said Public Agency desires to provide another
designated period for Two Years Additional
Service Credit, Section 20903, based on the
contract amendment included in said contract
which provided for Section 20903, Two Years
Additional Service Credit, for eligible members.
NOW, THEREFORE, BE IT RESOLVED, that said City Council does
seek to add another designated period, and does hereby
authorize this Resolution, indicating a desire to add a
designated period from March 1, 2003 through August 27,
2003 for all employees participating in the 2% at 55 PERS
Plan and a member of any/all City department(s).
,PASSED, APPROVED and
Ci ty of Ifal Beach a
the /()... day of
following vote:
ADOPTED by the City Council of the
meeting thereof held on
, 2003 by the
AYES:
NOES:
ABSENT:
Councilmembers
JaQJ ~
Mayor, City of Seal Beach
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of the City of Seal Beach,
California, do hereby certify that the for~ng resolution
is the original copy of Resolution Number ~;Z,on file in
the office of the City Clerk, passed, approved, and adopted
by the City Council of the Ci~~o~ Seal Bea at a regular
~ng ti/hhereOf ild on the ... day of ,
~pu~ 1 ~
[~ y Cler
Resolution Number ~D~ . .
CALlFgRNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services DIVISion
Public Agency Contract Services
POBox 942709
Sacramento, CA 94229-2709
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 20903
- .
In accordance with Government Code Section 20903 and the contract between the
Public Employees' Retirement System, the City Council of the City of Seal Beach
hereby certifies that.
1 Because of an impending curtailment of, or change in the manner of performing
service, the best interests of the agency will be served by granting such additional
service credit.
1
2. Payment shall be made of the amount equal to the actuarial equivalent of the
difference between the allowance the member receives after receipt of such service
credit and the amount the member would have received without such service credit
with respect to all eligible employees who retire dUring the specified period.
3 It has elected to become subject to Section 20903 because of Impending mandatory
transfers, demotions, and layoffs that constitute at least 1 percent of the Job
classification, department or orgamzatlonal umt, as designated by the govermng
body, resulting from the curtailment of, or change In the manner of performing, Its
services.
4 Its Intention at the time Section 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 orgamzational umt permanently unfilled thereby resulting in
an overall reduction In the work force of such department or orgamzatlonal umt.
THEREFORE, the City Council of the City of Seal Beach hereby elects to provide the
benefits of Government Cod~-"Sectlon 20903 to all eligible me~bers who retire within
the designated period, /!1MI!fJ' < '2.t1~a through l:fI/jW/Jl.:24 t<<J..3
CITY COUNCIL
OF THE
CITY OF SEAL BEACH
BY ~~
Presiding Officer
I
CI r ecretary
DQJ1t I~
\.
~CID'~.! J . ~
~.::.:7 /", ~f,... '
~
I
, . f' I t:'" ",~l!:
~.,.,. < .\~;
~'IIII{ ..~."....... /
. .
I
1
I
Resolution Number
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuanal and Employer Services DIvIsion
Public Agency Contract Services
POBox 942709
Sacramento, CA 94229-2709
(916) 326-3420
1/o~
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
I hereby certify that in accordance with SectIon 7507 of the Government Code
the future annual costs as determined by the System Actuary and/or the Increase
in retirement beneflt(s) have been made public at a public meeting of the
City Council
(governing body)
of the
City of Seal Beach
(public agency)
on February lO. 2003 which IS at least two weeks prior to the adoption of the
(date)
Resolution I Ordinance.
'.
City Clerk
Title
O,d1;I'. ..,./~ 2do1
Resolution Number ~~~
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services DIvIsion
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
.:
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing IS a true and correct copy of a Resolution adopted by the
on Februa~ lO. 2003
(date)
City Council
(governing body)
oflhe
City of Seal Beach
(public agency)
City Clerk
Title
)
I
I
I