RES-10594 Contribution Value Report For Executive Directors Retirement SystemRESOLUTION NO. 10594
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE FOR PAYING AND
REPORTING THE VALUE OF EMPLOYER PAID
MEMBER CONTRIBUTIONS TO THE PUBLIC
EMPLOYEES' RETIREMENT SYSTEM FOR TOP
MANAGEMENT EMPLOYEES.
WHEREAS, the City Council of the City of Orange has the authority to implement
Government Code Section 20636(c) (4) pursuant to Section 20691;
WHEREAS, the City Council of the City of Orange has a written labor policy or
agreement which specifically provides for part of the normal member contributions to be
paid by the employer, and reported as additional compensation;
WHEREAS, one of the steps in the procedures to implement Section 20691 is the
adoption by the City Council of the City of Orange of a Resolution to commence paying and
reporting the value of said Employer Paid Member Contributions (EPMC);
WHEREAS, the City Council of the City of Orange has identified the following
conditions for the purpose of its election to pay EPMC;
This benefit shall apply to all employees covered by the Top Management
Resolution.
This benefit shall consist of paying 0.5% of the normal contributions as
EPMC and reporting the same 0.5% as compensation eamable {excluding
Government Code Section 20636(c)(4)1 as additional compensation.
The effective date of this Resolution shall be November 6, 2011.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Orange elects to pay and report the value of EPMC, as set forth above.
ADOPTED this 25 day of October, 2011.
ATTEST:
l t
Whitaker, Smith, Cavecche, Dumitru, Bilodeau
Cit of Orange
1, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby
certify that the foregoing Resolution was duly and regularly adopted by the City Council of
the City of Orange at a regular meeting thereof held on the 25 day of October 2011 by the
following vote:
AYES:COUNCIL MEMBERS:Whitaker, Smith, Cavecche, Dumitru, Bilodeau
NOES:COUNCIL MEMBERS:None
ABSENT:COUNCIL MEMBERS:None
ABSTAIN:COUNCIL MEMBERS:None
Mary , City er c, i range
01