2019/03/26 City Council Resolution 2019-033 RESOLUTION NO. 2019- 033
RESOLUTION OF INTENTION
TO APPROVE AN AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND
THE
CITY COUNCIL
CITY OF ROHNERT PARK
WHEREAS,the Public Employees' Retirement Law permits the participation of public agencies and
their employees in the Public Employees' Retirement System by the execution of a
contract, and sets forth the procedure by which said public agencies may elect to
subject themselves and their employees to amendments to said Law; and
WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the
governing body of the public agency of a resolution giving notice of its intention to
approve an amendment to said contract,which resolution shall contain a summary of
the change proposed in said contract;and
WHEREAS, the following is a statement of the proposed change:
To provide Section 20516 (Employees Sharing Additional Cost) of an
additional 1% for classic local safety members in the Rohnert Park
Public Safety Officers Association and the Rohnert Park Public Safety
Managers Association.
NOW,THEREFORE, BE IT RESOLVED that the governing body of the above agency does hereby give
notice of intention to approve an amendment to the contract between said public
agency and the Board of Administration of the Public Employees' Retirement System,
a copy of said amendment being attached hereto,as an"Exhibit"and by this reference
made a part hereof.
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March 26,2019
Date adopted and approved
ATTEST:
(Amendment)
CON-302
C (Rev.3/9/2016 rc)
CO-Clerk 4 ,K lba re r
PLEASE DO NOT SIGN "EXHlB\T ONLY"
j.Section 20516 (Employees Sharing Additional Cost):
From and after September 2, 2018 and until the effective date of this
amendment to contract, 2% for classic local safety members in the
Rohnert Park Public Safety Officers Association and the Rohnert
Park Public Safety Managers Association.
From and after the effective date of this amendment to contract, 3%
for classic local safety members in the Rohnert Park Public Safety
Officers Association and the Rohnert Park Public Safety Managers
Association.
The portion of the employer's contribution that the member agrees
to contribute from his or her compensation, over and above the
member's normal contribution ("Cost Sharing Percentage"), shall not
exceed the Employer Normal Cost Rate, as that rate is defined in the
Cal PERS Actuarial Valuation for the relevant fiscal year. If the Cost
Sharing Percentage will exceed the relevant Employer Normal Cost
Rate, the Cost Sharing Percentage shall automatically be reduced to
an amount equal to, and not to exceed, the Employer Normal Cost
Rate for the relevant fiscal year.
15.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.
16.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 21573 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.
B.
17.Contributions required of Public Agency and its employees shall be subject
to adjustment by Board on account of amendments to the Public
Employees1 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.
18.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.
This amendment shall be effective on the 23rd day of June 2019
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM "" �''-.! BY (5� ARNITA PAIGE, CHIEF :5S
PENSION CONTRAC:�ND PREFUNDING
PROGRAMS DIVISION·�
PUBLIC EMPLOY�S",RETIREMENT SYSTEM
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AMENDMENT CalPERS ID #1238309969
PERS-CON· 702A
CITY OF ROHNERT PARK
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BY CS
PRESIDING OF�R
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