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Resolution - 9191RESOLUTION NO. 9191 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, GRANTING TWO YEARS ADDITIONAL RETIREMENT SERVICE CREDIT FOR SPECIFIED CLASSIFICATIONS OF EMPLOYEES WHEREAS, the City of West Covina is a contracting Public Agency of the Public Employees' Retirement System; and WHEREAS, California Government Code Section 20821.6 provides that when the governing body of a contracting agency determines that because of an impending curtailment of, or change in the manner of performing service, the best interests of the agency would be served by encouraging the retirement of local members, the governing body may adopt a resolution to grant eligible employees one to four years additional service credit when certain conditions specified in said section exist; and WHEREAS, said Section requires the governing body to specify the number of whole years of additional service credit being granted and to determine a period in which eligible members, who meet the conditions, must retire to be entitled to receive said credit; and WHEREAS, said period may begin as early as one day following, and end not more than 120 days following, the governing body's adoption of the resolution; and WHEREAS, said Section requires the governing body to designate the categories of eligible members and allows for eligibility to be limited to members employed in specific Department(s), Program(s), and/or position classifications within said Agency; NOW, THEREFORE, BE IT RESOLVED, that the City Council, as the governing body of the City of West Covina has determined that because of an impending curtailment of service, or change in the manner of performing service, the best interests of the Public Agency would be served by encouraging retirement of local members and desires to provide two(2) years of additional service credit pursuant to Section 20821.6 for eligible local miscellaneous members. Eligible employees are limited to the Maintenance Department and those employees involved in park, tree, street, water, graffiti removal and equipment maintenance programs. Specifically, employees in the classifications of Maintenance Worker II, Senior Maintenance Worker, Maintenance Leadworker, Equipment Operator, Equipment Mechanic II and Building Maintenance Leadworker. BE IT FURTHER RESOLVED, that said governing body determines that the period in which eligible members, who meet the conditions, must retire to be entitled to the additional credit shall begin on April 1, 1995 and end on July 1, 1995 and that to be entitled to the additional credit, eligible members, who meet the conditions, must be employed in the Maintenance Department of the City of West Covina on the date of adoption of this Resolution. 22nd Adopted and approved this I t day of March, 1995. CITY COUNCIL OF THE CITY OF WEST COVINA Attest: B Mayor City Clerl: I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council on the 21st day of March, 1995. AYES: Councilmembers: NOES: Councilmembers: ABSENT: Councilmembers: ABSTAIN: Councilmembers: APPROVED AS TO FORM: Manners, Touhey, Herfert, McFadden Done Wong None �x�O City Cler o , ity Attorney PUBLIC EMPLOYEES' RETIREMENT SYSTEM Employer Services Division Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (916)326-3420 • CERTIFICATION OF GOVERNING BODY'S ACTION I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the (governing on Ifarch 22 1995 (date) K-�dzCl \ Clerk/Secretary City Clerk Title of the PERS-CON-12 (Rev. 8/94) PUBLIC EMPLOYEES' RETIREMENT SYSTEM Employer Services Division Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (916) 326-3420 CERTIFICATION OF COMPLIANCE WITH 40 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 My nF WFST CnVTNA on (date) Resolution/Ordinance. Date 5 PERS-CON-12A (Rev. 8/94) (public which is at least two weeks prior to the adoption of the Clerk/Secretary City Clerk Title • CERTIFICATION OF COMPLIANCE AND TO MEET THE REQUIREMENTS OF SECTION 20821.6 The City of West Covina, in offering an additional two years of service credit pursuant to Government Code Section 20821.6, does hereby certify that: 1. All costs incurred as a result of the election of this benefit shall be offset by salary and benefit savings; and 2. The City of West Covina shall leave sufficient numbers of positions vacant until an amount equal to or exceeding the cost of providing the benefit through PERS is satisfied; and 3. The City of West Covina shall transmit to the retirement fund an amount determined by PERS equal to the actuarial difference between the retirement allowance a member receives through election of this benefit and the amount they would have received without the additional credit plus all applicable administrative costs; and 4. The City of West Covina shall maintain records for each employee retired pursuant to Section 20821.6; and 5. The City of West Covina shall provide verification of its certifications through independent review should the Board require; and 6. Eligible employees will not receive unemployment insurance payments within two years of adoption of the Resolution granting the benefit if employed by any employer participating in the PERS retirement program; and 7. The City of West Covina shall certify to PERS when the amount of salary and benefit savings adequate to offset the cost of funding the retirement benefits has been achieved. Janet Berry, Cit ler'k DU:rnlfim20821.6