CC - Item 6C - Second Reading of Ordinance 904 - Amendment to the Contract Bewteen the City Council and the Board of Administration of the California Public Employees' Retirement SystemROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: JEFF ALLRED, CITY MANAGER ((((//// V
DATE: OCTOBER 12, 2010
SUBJECT: ORDINANCE 904— SECOND READING: AMENDMENT TO THE
CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF
ROSEMEAD AND THE BOARD OF ADMINISTRATION OF THE
CALIFORNIA PUBLIC EMPLOYEES' RETIREME SYSTEM
SUMMARY
On September 28, 2010, the City Council reviewed the Ordinance No. 904, for an
intention of an amendment to the contract between the City Council and the Board of
Administration of the California Public Employees' Retirement System. Ordinance No.
904 is now before Council at the required second reading for adoption.
Staff Recommendation
Staff requests that City Council ADOPT Ordinance No. 904 at its second reading.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Prepared by:
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GLORIA MOLLEDA
CITY CLERK
Attachment A —Ordinance No. 904
ITEM NUMBER: ( PL
ORDINANCE NO. 904
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF ROSEMEAD, CALIFORNIA, FOR AN
INTENTION OF AN AMENDMENT TO THE CONTRACT
BETWEEN THE CITY COUNCIL OF THE CITY
OF ROSEMEAD AND THE BOARD OF ADMINISTRATION
OF THE CALIFORNIA PUBLIC EMPLOYEES'
RETIREMENT SYSTEM
WHEREAS, an ordinance of the City Council of the City of Rosemead, California
( "City Council ") authorizing an amendment to the contract between the City Council of
the City of Rosemead and the Board of Administration of the California Public
Employees' Retirement System (CalPERS); and
WHEREAS, the Board of Administration of the California Public Employees'
Retirement System approved the request to amend the contract between the City Council
of the City of Rosemead and CalPERS with the proposed change: "To provide Section
20475 (Different Level of Benefits). Section 21354 (2% @55 Supplemental formula) is
applicable to local miscellaneous members entering membership for the first time in the
miscellaneous classification after the effective date of this amendment to contract.'; and
WHEREAS, the City Council of the City of Rosemead approved the Resolution
of Intent (Resolution No 2010 -65) to amend the contract with the Board of
Administration of the California Public Employees' Retirement System on September 28,
2010; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
CALIFORNIA, DOES HEREBY ORDAIN AS FOLLOWS:
Section 1 . That an amendment to the contract between the City Council of the
City of Rosemead 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 of hereof as though herein
set out in full.
Section 2 . The Mayor of the City of Rosemead is hereby authorized,
empowered, and directed to execute said amendment for and on behalf of said agency.
Section 3 . The Ordinance shall take effect 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 San Gabriel Valley Tribune, a newspaper of general
circulation, published and circulated in the County of Los Angeles and thenceforth and
thereafter the same shall be in full force and effect.
PASSED AND ADOPTED this 12 ° i day of October, 2010, by the following vote:
YES:
NO:
ABSTAIN:
ABSENT:
GARY TAYLOR, MAYOR
ATTEST:
GLORIA MOLLEDA,
CITY CLERK
APPROVE AS TO FORM:
RACHEL RICHMAN
CITY ATTORNEY