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Item 6 - Public Employees' Retirement Systems (PERS) Contract AmendmentaENDA REPORT CITY OF POWAY TO Honorable Mayor and Members of the City Council FROM: James L. Bowersox, City Man •a INITIATED BY: Susan M. Pulone, Director of Administ ative Services Joyce A. Posey, Personnel Manage 1 •�' DATE: October 28,: 1986 SUBJECT: Public Employees.• Retirement System (PERS) Contract Amendment 1959 Survivor Benefit Program Safety Employees. ABSTRACT The 1986-87 meetand confer process with the Poway Firefighters Association provided for an amendment to the retirement plan to accom- modate a higher level of 1959 Survivor benefits. It is recommended that the City Council adopt a Resolution of Intention to Approve an Amendment to the PERS contract, and proceed with the first reading of the Ordinance Authorizing an Amendment to the Contract, as required by the Retirement System. BACKGROUND City employees are not covered by the Social Security System. Agencies not covered by the Social Security Systemare required by PERS: to provide the 1959 Survivor Benefit under the retirement system - The Third Level of 1959 Survivor Benefit will provide for an increase in the monthly allowance awarded an employee's survivor(s). In order to amend the contract, the City Council must adopt a Resolution of Intention to approve an amendment to the contract between the Board of Administration of the Public Employees' Retirement System (PERS} and the City Council, make public the cost implications of the proposed contract amendment and, adopt an ordinance authorizing an amendment to the contract between the City Council and PERS. The cost implication of the proposed amendment is as follows: The cost to the City for each Safety employee covered under. the program is $3.50 per month, (.subject to annual change) which computes to an annual cost of $1344..00. ACTION: of 4 00T 2 8 1985 ITEM 6 A ends"Re ort - PERS Amendment g P $. October 28, 1986 Page 2 RECOMMENDATION It is recommended, that the; City Council: le Adopt. res'o ut on entitled, "A Resolution of , Intention of the f City Council of the City of Poway, CalifQ nia, to.Contract between the Board of.Administration of the California Public Employees' Retirement System and the City�of Towayla. 2. Introduce :and hold. first reading of the ordinance enti.tled.1, . z "An ordinance of the City of Poway, California, Authorizing an. Amendment to the Contract Between the City Council and the Board, of 'Administration of the, California: Public Employees" Retirement-S,ystem," and set second reading for°November 12, 1,986. " TLB :SMP : JAP of /ml Attact tents, 13 Resolution: of Intention 21 Proposed ordinances k 5 aDr 2 8 1986 ITEM 6 2 of 4 RESOLUTION NO. 86- A RESOLUTION OF DITENTIGN OF `11:1E CITY =cm OF THE CITY OF POWAY, CALIFORNIA, 6 BERESS , THE Public: E uployees' Retirement ta.w permits the participationof public agencies and their employees in the Public loyees' Retirement ` ch said by the execution of a contract, and sets forth the procedure by public agencies may elect to subject. themselves and their employees to: amend - is to said Law; and WEEMSone. of the steps in the procedure to amend. this contract is the adoptioni the governing body of •the public agency of a resolution giving notice of its intention to approve an amendment to said contract, which resolu- tion shall contain a sugary of the change proposed in said contract; and WHEREAS, the following is a statement of the proposed change: Toprovide Section: 21382.4 (Third Level of 1959 Survivor Benefits) for local fire fighter. members THEREFORE, BE IT MOWED, that the City Council of the City of ` Poway, does Nag, t to the contract hereby give notice of intention to approve an . the said governing body and. the Board of p nistration of the Public between Employees' Retirement System, a copy of said at is ori file in the Office of the City Clerk. PASSE}, ADOPTED AND APP • o D. by the City Council of the 'City of Poway, Ca3.ifornia, at a regular meeting thereof this 28th day of October, 1986. ATTEST: Marjorie K. Wahlsten,``City Clerk R%P of 4 Carl R. Kruse, Mayor OCT 28 1986 ITEM 6 ORDINANCE NO. AN ORDINANCE; OF THE CITY AUTHORIZING AN AMENDMENT THE CITY COUNCIL AND THE OF THE CALIFORNIA PUBLIC SYSTEM OF POWAY, CALIFORNIA TO THE CONTRACT BETWEEN BOARD OF ADMINISTRATION EMPLOYEES' RETIREMENT The City Council of the City of Poway does ordain as follows: Section 1. That an amendment to the Contractbetween the City Council of the City of Poway and the Board of Administration,,Californa Public Employees' Retirement Systems hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A", and by such reference made a part hereof as though herein set out in full. Section 2. The Mayor of the City Council is hereby authorized, empowered, and directed to execute saidamendmentfor and on behalf of said Agency. ection 3 This Ordinance shall take effect 30` days after the date of its adoption, and prior to the expiration of 15 days from the passage . a newspaper of a,_n .general circulation, published and circulated in the. City of Poway and. thenceforth and thereafter the same shall be in' full force and effect.: f shall be published at least once in the Poway News Chieftain, , Introduced and first read at a regular meeting of of the City of Poway held the 28th. day of October thereafter PASSED AND ADOPTED ata regular meetin the City `Council 1986,N and g' of said City Council held the day of ,. 1986, by the following roll call vote: AYES: NOES: ABSENT: COUNCILMEMBERS: COUNCILMEMBERS COUNCILMEMBERS Marjorie K. Wahlsten, City Clerk 4.of 4 CARL R. KRUSE Mayor. OCT 2 8 '1886 ITEM 6