HomeMy WebLinkAbout10/01/2003 AGENDA PACKET SPCL NOTICE AND AGENDA
OF
BAKERSFIELD CiTY COUNCIL
SPECIAL MEETING OF OCTOBER 1, 2003
Council Chambers, City Hall, 1501 Truxtun Avenue
Special Meeting - 5:00 p.m.
SPECIAL MEETING - 5:00 p.m.
1. ROLL CALL
2. PUBLIC STATEMENTS
3. CONSENT CALENDAR
a. Public Employees' Retirement System (PERS):
1. First Reading of Ordinance authorizing an Amendment to the Contract of
Administration of the Public Employees' Retirement System to provide
Section 21362.2 (3% @ 50 Full formula) for local police members only.
2. Resolution of Intention to approve an Amendment No. 4 to Contract No. 97-
39 with the Board of ,Administration of the Public Employees' Retirement
System.
Staff recommends adoption of Consent Calendar item a.
CLOSED SESSION
a. Closed Session pursuant to Government Code Section 54957; Public Employee
Appointment/Employment - City Attorney Interviews.
ADJOURNMENT
Respcetfully submitted,
~D~vld Couch
Vice-Mayor
ADMINISTRATIVE REPORT
MEETING DATE October 1, 2003
AGENDATEM: 3.a.SECTION: Consent
TO:
FROM:
DATE:
SUBJECT:
Honorable Mayor and City Council ~'D APPROVED
Carroll Hayden, Human Resources Manage EPARTMENT HEAD ~
September 29, 2003 CITY ATTORNEY
CITY MANAGER Ro~tir~o~nont
Amendment No. 4 to Contract No. 97-39 with the Public Employees' System
(PERS)
1. First reading of an ordinance authorizing an amendment to the Contract of
Administration of the Public Employees' Retirement System to provide
Section 21362.2 (3% @ 50 Full Formula) for local police members only.
Resolution of Intention to approve Amendment No. 4 to Contract No. 97-39 with the
Board of Administration of the Public Employees' Retirement System.
RECOMMENDATION:
Staff recommends adoption of the Resolution of Intention and First Reading of the Ordinance.
BACKGROUND:
This amendment implements a change agreed to in the City's agreement with the Association of
Bakersfield Police Officers which was executed February 14, 2001, which was to implement the 3% at 50
formula by December, 2003. The Employer rate will increase, with the effective date of the contract
change, from 8.749% to 21.366% or an increase of 12.617%. The present value of the benefits will
increase by $19,183,594 and the accrued liability will increase by $16,236,315.
The City Of Bakersfield has a contract with the Public Employees' Retirement System (PERS) where the
City contributes money for retirement benefits for each regular employee following a specified period of
employment. Retirement benefits are based upon the number of years of service and salary of an
employee.
PERS will allow a contracting agency to adopt an amendment to their original contract to allow changes in
benefit levels.
A notice of intention to amend our contract with PERS to allow this change to Section 21362.2 must be
made public twice by the City Council, and then it can be adopted after at least 20 days following the first
reading of the Ordinance.
Staff recommends the adoption of this amendment to the City's contract with PERS. Said adoption is
accomplished by passage of the attached ordinance (uncodified).
September 30, 2003, 11:27AM
S:'~ADMIN RPT~Pers- PD.doc
ADMINISTRATIVE REPORT
MEETING DATE: October 01, 2003 AGENDA SECTION: Closed Session
ITEM: 4. a.
TO:
FROM:
DATE:
SUBJECT:
APPROVED
Honorable Mayor and City Council ~,.
Carroll Hayden, Human Resources Manage~" DEPARTMENT HEAD
September 30, 2003 CITY ATTORNEY
CITY MANAGER
/////
Closed Session pursuant to Government Code 54957; I:Y~blic/Employee
Appointment/Employment - City Attorney Interviews October 01,2003
September 30, 2003. 11:24AM
S:'~ADMIN RP%CAIII .doc