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RES-10592 Contribution Value Report For Orange Municipal Retirement SystemRESOLUTION NO. 10592 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 EMPLOYEES COVERED BY THE ORANGE MUNICIPAL EMPLOYEES ASSOCIATION MEMORANDUM OF UNDERSTANDING. 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 Orange Municipal Employees Association Memorandum of Understanding. 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. ON Car6lyn V/C4veche, Mayor, City 'vof Orange ATTEST: Mary . urp , City clerk City range I, 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 Gy Mary E. urp , City Clerk, City 0 Orange 2