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RES-8190 Authorizing PERS to Grant an Additional Designated Period for Two Years Additional Service CreditRESOLUTION NO. 8190 RESOLUTION NO 8190. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AUTHORIZING THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO GRANT AN ADDITIONAL 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 has been advised by the Public Agency Contract Services of the Contract Services Division in the Public Ernployees' Retirement System that if the City of Orange desires an additional designated period for Two Years Additional Service Credit (section 20818) the City of Orange could request the designated period based on the contract amendrnent effective March 31, 1985 which provided for Two Years Additional Service Credit section 20818) for eligible local miscellaneous members; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Orange that the City of Orange does seek to add an additional designated period and further resolve to direct the City Clerk to forward a certified copy of this resolution to the Public Employees' Retirernent System, indicating a desire of the City Council of the City of Orange to add an additional designated period from June 30, 1993 to September 27, 1993 for eligible local miscellaneous rnembers. ADOPTED this 29th day of June 1993. Attest: A'A1?/~ City Clerk of t Citt:6 range 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 29 t h day of June, 1993 by the following vote: AYES: NOES: ABSENT: ABSTAIN: COUNCIL MEMBERS: SPURGEON, BARRERA, MAYOR BEYER, COONTZ. MURPHY- COUNCIL MEMBERS: NONE COUNCIL MEMBERS: NONE COUNCIL MEMBERS: NONE c~~K~~~ Reso, No, 8190 CERTIFICATE of Compliance With Section 20818 Government Code In accordance with Section 20818, Governrnent Code, and the contract between the City of Orange and the Public Ernployees' Retirement Systern, the City of Orange hereby certifies that: 1, Because of an impending curtailment of, or change in the manner of perforrning service, the best interests of the City of Orange will be served by granting such additional service credit. 2. Payrnent shall be made of the amount equal to the actuarial equivalent of the difference between the allowance the mernber receives after receipt of such service credit and the amount the member would have received without such service credit with respect to all eligible ernployees who retire during the specified period. 3. The City of Orange has elected to become subject to Section 20818 because of irnpending mandatory transfers, demotions, and layoffs that constitute at least 1 % of the job classification, department or organizational unit designated resulting from the curtailment of or change in the rnanner of performing its services. 4. Its intention at the time it became subject to Section 20818 was to keep all vacancies or at least one vacancy in any position in any department or other organizational unit created by retirements under this section permanently unfilled thereby resulting in an overall reduction in the work force of such department or organizational unit. THEREFORE, the City of Orange hereby elects to provide the benefits of Section 20818, Government Code, to all eligible local rniscellaneous rnembers who retire within the designated period, June 30,1993 through Septernber 27, 1993. Attest: I)J;A'A~~/ Q CJuwP4V City Clerk of the ity of t:)raAQe Date: 1- /1/- 93 PUBLIC EMPWYEES' RETIREMENT SYSTEM Contract Services Division Public Agency Contract Services P. O. Box 942709 Sacramento, CA 94229- 2709 916) 326-3420 916) 326-3240 (roD)CERTIFICATION OF COMPLIANCE WITH GOVERNMENT CODE SECTION 7507 I hereby certify that in accordance with Section 7507 of the Government Code the future annual costs as determined by the System Actuary and/or the increase in retirement benefit( s) have been made public at a public meeting of the City Council governing body)of the City of Orange public agency)on June 15th, 1993 date)which is at least two weeks prior to the adoption of the Resolution / Ordinance.Date 9- JlI- ?3 t?4~11?~ c9P~~ Clerk/Secretary PERS-CON- PUBLIC EMPWYEES' RETIREMENT SYSTEM Contract Services Division Public Agency Contract Services P. O. Box 942709 Sacramento, CA 94229- 2709 916) 326-3420 916) 326-3240 ([DO)CERTIFICATION OF GOVERNING BODY'S ACTION I hereby certify .that the foregoing is a true and correct copy of a Resolution adopted by the CITY COUNCIL of the governing body) CITY OF ORANGE--------------------------------------------public agency)on June 29, 1993 date)c;j~~,~ Clerk/ Secretary C/ -PERS-CON-12