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Resolution - 5170RESOLUTION NO. 5.170 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA SUBMITTING TO THE VOTERS OF THE CITY OF WEST COVINA AT THE GENERAL MUNICIPAL ELECTION TO BE HELD ON MARCH 2, 1976, A PROPOSITION • FOR THE ENACTMENT OF AN ORDINANCE PROVIDING FOR ADDITIONAL RETIREMENT BENEFITS FOR THE SWORN EMPLOYEES (LOCAL SAFETY MEMBERS ONLY) IN THE POLICE DEPARTMENT OF THE CITY OF WEST COVINA TOGETHER WITH AN INCREASE IN THE MAXIMUM CITY PROPERTY TAX RATE IN AMOUNTS SUFFICIENT TO PAY THE COST OF SUCH ADDITIONAL BENEFITS. The City Council of the City of West Covina does resolve as follows: SECTION 1. Pursuant to Section 4019 of the Elections Code, the City Council of the City of West Covina elects to submit to the voters of the City of West Covina a proposition for the enactment of the following ordinance. "AN ORDINANCE OF THE CITY OF WEST COVINA AUTHORIZING AND DIRECTING THE CITY COUNCIL OF THE CITY OF WEST COVINA TO'PROVIDE CERTAIN ADDITIONAL RETIREMENT BENEFITS TO THE SWORN EMPLOYEES (LOCAL SAFETY MEMBERS ONLY) IN THE POLICE DEPARTMENT OF THE CITY OF WEST COVINA AND AUTHORIZING AN'INCREASE IN THE MAXIMUM PROPERTY TAX RATE TO PAY FOR 'SUCH ADDITIONAL BENEFITS. The People of the City of West Covina do ordain as follows: • SECTION 1. The City Council of the City of West Covina is authorized and directed to take those actions required by law to amend the contract between the City of West Covina and the Public Employees Retirement System to provide the following retirement benefits which are in addition to the retirement benefits currently provided to the sworn employees (local safety members only).in the Police Department of the City of West Covina: (1) Use the highest annual compensation paid to the employee, rather than the highest average annual compensation earnable by the employee during the three consecutive years of employment immediately preceding his retirement, in com- puting the amount of his retirement allowance. (Option provided by Section 20024.2 of the Government Code). (2) Upon the death of a retired employee his surviving spouse shall be entitled to receive fifty percent of the member's retirement allowance during her lifetime or until remarriage. Upon the spouse's death or remarriage, the same allowance shall be paid to the children of the deceased • member who are under eighteen years of age, or if there are no minor children, to the parents of the deceased member. (Option provided by Section 21263.1 of the Government Code). (3) Reduce the voluntary retirement age for safety members from fifty-five years to fifty years and increase the retirement allowance by applying a two percent factor rather than a one and one-fourth percent factor with a • maximum retirement allowance of seventy-five percent of final compensation. The formula .is commonly referred to as the California Highway Patrol Formula. (Option provided by Section 21252.01 of the Government Code). SECTION 2. The City Council of the City of West Covina is authorized to levy a property tax rate in addition to the maximum property tax rate established by law to pay the cost of pro viding.the additional retirement benefits described in Section 1 hereof for the sworn employees (local safety members only) in the Police Department which increase in the maximum property tax rate shall not exceed 15 cents per $100 of assessed value of all taxable property in the City for the fiscal year 1976-77 and which shall be in an amount sufficient to pay the cost of providing such increased retirement benefits for each fiscal year thereafter. The increase in the maximum property tax rate authorized by this section shall be in addition to any other.increase authorized by the voters of the City,or by law. SECTION 3. This ordinance shall be adopted upon the date that the vote upon the proposition submitting the same to the voters of the City is declared by the legislative body and shall go into effect ten days after that date if the proposition receives a majority of the votes cast on it at the General Municipal Election held on Tuesday, March 2, 1976. The increased retirement benefits described in Section • 1 hereof shall be available from and after such date as may be fixed by the City Council in the amendment to the contract between the City of West Covina and,the Public Employees Retirement System." SECTION 2. For the purpose of voting on the enactment of the ordinance set forth in Section 1 hereof, the following propo- sition shall be submitted to the voters of the City at the General Municipal Election to be held on Tuesday, March 2, 1976: CITY OF WEST COVINA PROPOSITION NO. B B. SHALL THE ORDINANCE PROVIDING FOR ADDITIONAL. RETIREMENT BENEFITS FOR THE SWORN EMPLOYEES (LOCAL SAFETY MEMBERS ONLY) IN THE POLICE DEPARTMENT OF THE CITY OF WEST COVINA AND AUTHORIZING AN INCREASE IN THE MAXIMUM CITY PROPERTY TAX RATE TO PAY THE COST OF PRO- VIDING SUCH ADDITIONAL RETIREMENT BENEFITS WHICH INCREASE SHALL NOT EXCEED 15 CENTS PER $100 OF ASSESSED VALUE OF ALL TAXABLE PROPERTY IN THE CITY FOR THE FISCAL YEAR 1976-77 AND WHICH SHALL BE IN AN AMOUNT SUFFICIENT TO PAY THE COST OF PROVIDING SUCH ADDITIONAL RETIREMENT • BENEFITS FOR EACH FISCAL YEAR THEREAFTER, BE _ _ ADOPTED? YES / / NO SECTION 3,. The City Clerk shall shall include. the proposition set forth in Section 2 hereof on the ballot for the General Municipal Election to be held on Tuesday, March 2, 1976. IWM 04 L� • • SECTION 4. The City Clerk shall certify to the adoption of this resolution. Adopted and approved this 22nd day of December 1975. Mayor City e I hereby certify that the foregoing resolution No. 5170 was duly adopted,,by the City Council of the City of West Covina at a regular meeting thereof held on the 22nd day of December 1975, by the following vote of the Council: AYES: Councilmen: Shearer, Miller, Browne, Tice, Chappell. NOES: Councilmen: None ABSENT:Councilmen: None City Clerk APPROVED AS TO FORM: -c� City At o ney -3-