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Ordinance No. 904 - Amendment to the Contract Between the City Council and the Borad of Administrative of the CA Public Eployees Retirement SystemORDINANCE NO. 904 AN ORDINANCE OF THE CITY C UNCIL OF THE CITY OF ROSEMEAD, CALIFO IA, 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 (Ca1PERS); 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. vote: PASSED AND ADOPTED this_9 °i day of November, 2010, by the following YES: NO: ABSTAIN: ABSENT: ATTEST: GLORIA MOLLEDA, CITY CLERK Bev • • • / APPROVE AS TO FORM: k AV, RA EL RICH M AN CITY ATTORNEY STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS. CITY OF ROSEMEAD ) I, Gloria Molleda, City Clerk of the City of Rosemead, California, do hereby certify that the foregoing Ordinance No. 904 was regularly introduced and placed upon its first reading at a regularly meeting of the City Council on the 28th of September, 2010. That after said Ordinance was duly re- adopted and passed at a regular meeting of the City Council on the 9th of November, 2010 by the following vote to wit: Yes: Armenta, Low, Ly, Taylor No: None Absent: Clark Abstain: None Gloria Molleda City Clerk ROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL Fill; SUBJECT: JEFF ALLRED, CITY NOVEMBER 9. 2010 MANAGER# PERS CONTRACT AMENDMENT ORDINANCE — RE- ADOPTION COND READING) BACKGROUND The City Council will consider re- adoption of the second reading of Ordinance No. 904 that implements pension reform measures for employees hired after July 1, 2010. SUMMARY On September 28, 2010, the City Councii adopted Ordinance No. 904 (refer to attached staff report from the September 28, 2010 meeting). The Human Resources Department was subsequently contacted by a California Public Employees' Retirement System (CaIPERS) representative and was advise that due to an Administrative error Ordinance No. 904 needs to be readopted for second reading to reflect a new adoption date of November 9, 2010. Staff Recommendation That the City Council readopt Ordinance No. 904. PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. Prepared by: J � GLORIA MOLLEDA CITY CLERK Attachment A: September 28, 2010 staff report Attachment B: Ordinance No. 904 ITEM NUMBER: G ROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: JEFF ALLRED, CITY MANAGER 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' RETIREMENT 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: 161 ts, �-Io1 uC6 GLORIA MOLLEDA CITY CLERK Attachment A —Ordinance No. 904 ITEM NUMBER: V-