HomeMy WebLinkAbout12/07/1999, C6 - FINAL READING OF ORDINANCE NO. 1361 TO APPROVE AN AMENDMENT TO THE PERS CONTRACT TO PROVIDE THE 2% AT 55 RETIREMENT FORMULA FOR MISCELLANEOUS MEMBERS council M.°g°� n-1-99
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C I T Y OF SAN LUIS O B I S P O
FROM: Ann Slate, Director of Human Resource
Prepared By: Karen Jenny,Risk Manager-q
SUBJECT: FINAL READING OF ORDINANCE NO. 1361 TO APPROVE AN
AMENDMENT TO THE PERS CONTRACT TO PROVIDE THE 2%AT
55 RETIREMENT FORMULA FOR MISCELLANEOUS MEMBERS
CAO RECOMMENDATION
Grant final passage to Ordinance No. 1361.
DISCUSSION
On November 16, 1999, the Council voted 5-0 to introduce Ordinance No. 1361 to print, which
authorizes an amendment to the City's contract with the California Public Employees'
Retirement System to provide the 2% at 55 retirement formula for miscellaneous (non-safety)
employees. Ordinance No. 1361 is now ready for final passage and will become effective thirty
days after the date of its final passage.
ATTACHMENT
Ordinance No. 1361
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ORDINANCE NO. 1361 (1999 Series)
AN ORDINANCE OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO
AUTHORIZING.AN AMENDMENT TO THE CONTRACT BETWEEN THE COUNCIL OF
THE CITY OF SAN LUIS OBISPO AND THE BOARD OF ADMINISTRATION OF THE
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
WHEREAS, the Public Employees' Retirement Law permits the participation of public
agencies and their employees in the Public Employees' Retirement System by the execution of a
contract, and sets forth the procedure by which said public agencies may elect to subject
themselves and their employees to amendments to said Law; and
WHEREAS, one of the steps in the procedures to amend this contract is the adoption by
the governing body of the public agency of an ordinance authorizing the amendment and
directing the Mayor to execute said amendment.
BE IT ORDAINED by the Council of the City of San Luis Obispo as follows:
SECTION 1. That an amendment to the contract between the Council of the City of San
Luis Obispo and the Board of Administration, California Public Employees' Retirement System
is hereby authorized, a copy of said amendment being attached hereto, marked"Exhibit", and by
such reference made a part hereof as though herein set out in full.
SECTION 2. The Mayor is hereby authorized, empowered and directed to execute said
amendment for and on behalf of the City of San Luis Obispo.
SECTION 3. A summary of this ordinance, approved by the City Attorney, together
with the names of the Council members voting for and against it, shall be published at least five
days prior to its final passage, in the Tribune, a newspaper published and circulated in this City.
This ordinance will go into effect at the expiration of thirty(30)days after its final passage.
INTRODUCED on the 16th day of November, 1999, AND FINALLY ADOPTED by the
Council of the City of San Luis Obispo on the day of
1999,on the following roll call vote:
AYES:
NOES:
ABSENT:
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Ordinance No. 1361 (1999 Series)
Page 2
Mayor Allen Settle
ATTEST:
Lee Price, City Clerk.
APPROVED AS TO FORM:
Jeffrey G.Jorgensen, City Attorney
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