Loading...
HomeMy WebLinkAboutRES NO 216-02 216-02 RESOLUTION NO. RESOLUTION AUTHORIZING PAYING AND REPORTING THE VALUE OF EMPLOYER PAID MEMBER CONTRIBUTIONS WITH TIME-IN-GRADE EXCEPTION TO PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHEREAS, the governing body of the City Of Bakersfield, has elected to pay and report the value of all or a part of the normal member contributions to the California Public Employees' Retirement System (CaIPERS) pursuant to Government Code Sections 20636(c) (4) and 20691, and applicable labor policies or agreements; WHEREAS, the governing body of the City Of Bakersfield, may elect a time-in-grade Exception to said Employer Paid Member Contributions (EPMC) within a given group or class of employees as defined in Government Code Section 20636(e)(1) and as specifically authorized in Title 2, California Code of Regulations Amended Section 571: WHEREAS, the governing body of the City Of Bakersfield, has identified the following conditions for the application of said Exception: This exception shall apply to all employees within the Miscellaneous Employees Group. For employees hired after March 13, 2002, but not prior to October 22, 1999 or the effective date of this Resolution, whichever is later, the City of Bakersfield will, pursuant to Title 2, California Code of Regulations Amended Section 571, pay and report the value of EPMC according to the following time-in- grade schedule: Year 5, at 8%. Once a newly-hired employee accrues five (5) years of total service (either on a continuous or cumulative basis), s/he shall be entitled to a payment of EPMC on the same terms that apply to all other employees in the group or class. In so resolving, the governing body of the City Of Bakersfield, agrees to abide by Section 57'1, as enacted on October 22, '1999 and amended thereafter, the terms of which are incorporated-by-reference as if fully set forth herein. The effective date of the Resolution shall be December 30, 2002. WHEREAS, the governing body of the City Of Bakersfield, acknowledges that the adoption of this Resolution may result in an upward adjustment of its employer contribution rate; NOW, THEREFORE, BE IT RESOLVED that the governing body of the City Of Bakersfield elects a timeqn-grade exception, as set fnrth abo~re. ........ 000 .......... I HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Council of the City of Bakersfield at a regular meeting thereof held on DEC 1 1 Z00~ , by the following vote: AYES: NOES: ABSTAIN: ABSENT: COUNCILMEMBER CARSON,BENHAM,MAGGARD,COUCH,HANSON,SULLIVAN,SALVAGGIQ COUNCILMEMBER i~t2'*~Q COUNCILMEMBER COUNCILMEMBER ~',.2.',-f ~ CITY CLERK and EX OFFI¢,tO CLERK of the Council of the City of Bakersfield DEC 1 1 2002 APPROVED MAYOR of the City of Bakersfield APPROVED as to form: BART THILTGEN ~ 7 ~ CITY ATTORNEY of the City of Bakersfield 11/21/02 s:\Resolution \B&W.AMEN D2_97-39 2