RES-8478 Authorizing CalPERS to Grant Additional Serivce Credit for Eligible MembersRESOLUTION NO.8478
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ORANGE AUTHORIZING THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM TO GRANT ANOTHER DESIGNATED
PERIOD FOR TWO YEARS ADDITIONAL SERVICE CREDIT
FOR THE CITY OF ORANGE,
WHEREAS, the City of Orange is a contracting public agency of the
Public Employees' Retirement System; and
WHEREAS, the City of Orange desires to provide another designated
period for Two Years Additional Service Credit, Section 20818, based upon the
contract amendment included in said contract which provided for Section 20818,
Two Years Additional Service Credit, for eligible members;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Orange that the City of Orange does seek to add another designated period and
further resolve to direct the City Clerk to forward a certified copy of this
resolution to the Public Employees' Retirement System, indicating a desire of the
City Council of the City of Orange to add a designated period from June 26,
1995 through October 23, 1995 for eligible local miscellaneous members.
ADOPTED this 1 ':It-h day of June
1995.
7 ,. ,/:1 _-
I j (2R/i--I .f'./ ( ~f-?
Z.t{Mayor of the City of
Orange 0'
By,i1J-
c....~ &A.I'~
Deputy
City erk Attest:
MARILYN J. JENSEN City Clerk of the
City of Orange I 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 13th day of June, 1995 by
the
following
vote:
AYES:
NOES:ABSENT:ABSTAIN:COUNCIL MEMBERS: MURPHY, BARRERA, MAYOR
COONTZ, SPURGEON, SLATER
COUNCIL MEMBERS: NONE
COUNCIL MEMBERS: NONE
COUNCIL MEMBERS: NONE
MARILYN J. JENSEN City Clerk of the
Gity of
Orange By'~4<'~~Deputy
CERTIFICATE
of Compliance With
Section 20818 Government Code
In accordance with Section 20818, Government Code, and the contract between the
City of Orange and the Public Employees' Retirement System, the City of Orange
hereby certifies that:
1. Because of an impending curtailment of, or change in the manner of performing
service, the best interests of the City of Orange will be served by granting such
additional service credit.
2, Payment shall be made of the amount equal to the actuarial equivalent of the
difference between the allowance the member receives after receipt of such
service credit and the amount the member would have received without such
service credit with respect to all eligible employees who retire during the
specified period.
3. The City of Orange has elected to become subject to Section 20818 because of
impending mandatory transfers, demotions, and layoffs that constitute at least
1 % of the job classification, department or organizational unit, as designated by
the City Council of the City of Orange, resulting from the curtailment of, or
change in the manner of performing, its services.
4, Its intention at the time it became subject to Section 20818 is to keep all
vacancies created by retirements under this section or at least one vacancy in
any position in any department or other organizational unit permanently unfilled
thereby resulting in an overall reduction in the work force of such department or
organizational unit.
Attest:
THEREFORE, the City of Orange hereby elects to provide the benefits of Section
20818, Government Code, to all eligible local miscellaneous members who retire within
the designated period, June 26, 1995 through October 23, 1 ~95,
t (~,/j ~tz.J/..;( .L/'-- I> nt(fv Mayor
of the Citt9f, ' Orange l~
MaRTTVI\J ,T ,TRI\l~RN BY:6 .J~At.iJ~ d-C;!
y & ofth. City oJ2k . """""
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