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Resolution No. 86052 3 4 5 6 7 E:A 7 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 P41 0 27 WON RESOLUTION NO. 8605 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON DECLARING ITS INTENTION TO APPROVE AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF VERNON 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 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 a resolution giving notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the change proposed in said contract; and WHEREAS, the following is a statement of the proposed change: To provide for a New Safety Category pursuant to Section 20423.6 (Prosecutors, Public Defenders, and Public Defender Investigators as "Local Safety Members") with Section 21363.1 (3% @ 55 Full formula); Section 20042 (One -Year Final Compensation); Section 21024 (Military Service Credit as Public Service); Sections 21624, 21626 and 21628 (Post -Retirement Survivor Allowance) and Section 21573 (Third Level of 1959 Survivor Benefits) for local safety members. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon does hereby give notice of its intention to approve an amendment to the contract between the City Council of the City of Vernon and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment being attached hereto, as an "Exhibit" and by this reference made a part hereof. SECTION 2: The City Council of the City of Vernon hereby directs the City Clerk, or his designee, to send a certified copy of this resolution together with a completed "Certification of Governing Body's Action," "Certification of Compliance with Government Code Section 7507" and "Certification of Employee Election" to: Danielle Brooks Employer Representative Public Agency Contract Services CalPers Actuarial & Employer Services Division P.O. Box 942709 Sacramento, CA 94229-2709 SECTION 3: The City Clerk of the City of Vernon shall certify to the passage of this resolution, and thereupon and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 1st day of December, 2004. ATTEST: BRUCE V. MALKENHORST, City Clerk (LEONIS C. MAL`BURG, Mayor - 2 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, BRUCE V. MALKENHORST, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 8605, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Wednesday, December 1, 2004, and thereafter was duly signed by the Mayor of the City of Vernon. (SEAL) BRUCE V. MALKENHORST, City Clerk - 3 - EXHIBIT 0 A#%,o�, Ca1PERS California Public Employees' Retirement System EXHIBIT AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the City Council City of Vernon The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective November 1, 1948, and witnessed October 23, 1948, and as amended effective April 1, 1956, October 1, 1960, July 1, 1966, October 1, 1972, May 1, 1974, November 1, 1975, December 1, 1976, March 1, 1979, July 6, 1986, October 17, 1986, September 7, 1990, January 19, 1991, September 21, 1991, December 24, 1993, October 30, 1994, July 18, 1997 and June 30, 2002 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 13 are hereby stricken from said contract as executed effective June 30, 2002, and hereby replaced by the following paragraphs numbered 1 through 14 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members and local prosecutors and age 50 for local police and local fire members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after November 1, 1948 making its employees as hereinafter provided, members of said System subject to all provisions of the Public Employees' Retirement Law except such as apply only on election of a contracting agency and are not provided for herein and to all amendments to said Law hereafter enacted except those, which by express provisions thereof, apply only on the election of a contracting agency. 3. Employees of Public Agency in the following classes shall become members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. Local Prosecutors (included as local safety members); d. Employees other than local safety members (herein referred to as local miscellaneous members). 4. In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become members of said Retirement System: NO ADDITIONAL EXCLUSIONS 5. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member shall be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local fire member shall be determined in accordance with Section 21362 of said Retirement Law (2% at age 50 Full). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local police member shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full). 8. The percentage of final compensation to be provided for each year of credited prior and current service as a local prosecutor shall be determined in accordance with Section 21363.1 of said Retirement Law (3% at age 55 Full). 9. Public Agency elected and elects to be subject to the following optional provisions: a. Section 21571 (Basic Level of 1959 Survivor Benefits) for local police members only. b. Sections 21624, 21626 and 21628 (Post -Retirement Survivor Allowance). C. Section 21024 (Military Service Credit as Public Service), Statutes of 1974. d. Section 20042 (One -Year Final Compensation). e. Section 21573 (Third Level of 1959 Survivor Benefits) for local miscellaneous members; local fire members and local prosecutors only. f. Section 21548 (Pre -Retirement Optional Settlement 2 Death Benefit) for local miscellaneous members and local fire members only. g. Section 20423.6 ("Local Safety Member" shall include local prosecutors, local public defenders, and local public defender investigators as described in Government Code Section 20423.6). 10. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on November 1, 1975. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 11. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 12. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21573 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members; local fire members and local prosecutors. b. A reasonable amount, as fixed by the Board, payable in one installment within 60 days of date of contract to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or of the periodic investigation and valuations required by law. C. A reasonable amount, as fixed by the Board, payable in one installment as the occasions arise, to cover the costs of special valuations on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 13. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement Law, and on account of the experience under the Retirement System as determined by the periodic investigation and valuation required by said Retirement Law. 14. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen days after the end of the period to which said contributions refer or as may be prescribed by Board regulation. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. ♦�4 i. qA, B. This amendment shall be effectiveAn, h e day of , BOARD OF ADMINISTRATION ``,``�, CITY COUNCIL PUBLIC EMPLOYEES' RETIRE ENT SYSTEM CITY OF VERNON BY BY KENNETH W. MARZION, CHIEF PRESIDING OFFI ACTUARIAL & EMPLOYER SERVICES DIVISION ,°.` PUBLIC EMPLOYEES' RETIREMENT SYSTEM:) Witness Date Attest: Clerk AMENDMENT ER# 0209 PERS-CON-702A (Rev. 8\02) SUPPORTING DOCUMENTS CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Division Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (888) CalPERS (225-7377) CERTIFICATION OF COMPLIANCE WITH GOVERNMENT CODE SECTION 7507 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 Ci ty of the (governing body) Citv of Vernon (public agency) on Dg-C- mb r 15, 2004 which is at least two weeks prior to the adoption of the (date) Resolution / Ordinance. -Deputv City Clerk Title Date December 7, 200 PERS-CON-12A (rev. 1/96) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Division Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (888) CalPERS (225-7377) CERTIFICATION OF GOVERNING BODY'S ACTION I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the r.; rV��Rmincii of the (governing body) City of Vernon (public agency) on December 1, 2004 (date) LAVIN)sTwwe, J,�• Deputy City Clerk Title PERS-CON-12 (rev. 1/96) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Division Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (888) CalPERS (225-7377) CERTIFICATION OF EMPLOYEE ELECTION hereby certify that the following employees of the City of Vernon have expressed their approval or disapproval of said agency's participation in the California Public Employees' Retirement System on the basis described in the Resolution of Intention adopted by said agency's governing body on t in such manner as to permit each employee to separately and secretly express his choice and that the outcome of such election was as follows: Local Prosecutors as defined in Govt. Code Section 20423.6 Number of employees eligible to vote 3 Number of votes approving said participation j Clerk or Secretff ` Date Number of votes disapproving said participation (New Agency/Adding a Category) PERS-CON-15N (Rev. 9/03) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM EMPLOYEE BALLOT Safety Member Group City of Vernon The City Council of the City of Vernon shall not include in the contract with the Board of Administration of the California Public Employees' Retirement System any group if a majority of its members vote to disapprove the proposed plan. (Government Code Section 20470) The proposed plan is described in Exhibit A of the City of Vernon's Resolution of Intention to Contract with CaIPERS and is outlined in the attached Summary of Major Provisions. YES Do you approve the proposed plan? NO (New Agency/Adding a Category) (Rev. 4/02) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Division Public Agency Contract Services (888) CalPERS (225-7377) SUMMARY OF MAJOR PROVISIONS 3% @ 55 Formula (Section 21363.1) Local Safety Members SERVICE RETIREMENT To be eligible for service retirement, a member must be at least age 50 and have five years of CalPERS credited service. If provided by the employer's contract, mandatory retirement age for local safety members is age 60. The monthly retirement allowance is determined by age at retirement, years of service credit and final compensation. The basic benefit is 3% of final compensation for each year of credited service upon retirement at age 55. If retirement is earlier than age 55, the percentage of final compensation decreases for each quarter year of attained age to 2.40% at age 50. The allowance is limited to 90% of final compensation. Final compensation is the average monthly pay rate during the last consecutive 36 months of employment, or 12 months if provided by the employer's contract, unless the member designates a different period of 36 or 12 consecutive months when the average pay rate was higher. Certain items of special compensation earned during your final compensation period will be included in your final compensation, in accordance with Board regulations. DISABILITY RETIREMENT Members permanently incapacitated from performing their duties are eligible for disability retirement provided they have at least five years of service credit. The monthly retirement allowance is 1.8% of final compensation for each year of service. The maximum percentage for members who have between 10.000 and 18.518 years of service credit is one-third of their final compensation. If the member is eligible for service retirement the member will receive the highest allowance payable, service or disability. If provided by the employer's contract, the benefit would be a minimum of 30% of final compensation for the first five years of service credit, plus 1 % for each additional year of service to a maximum benefit of 50% of final compensation. INDUSTRIAL DISABILITY RETIREMENT Members permanently incapacitated from performing their duties as a result of a job -related injury or illness may receive 50% of their final compensation (or more by additional contract provisions). The industrial disability retirement allowance for members who entered membership in a safety category after January 1, 1980, cannot exceed the amount that would be payable for a service retirement if employment had continued to age 55. This limit may not apply if the member was disabled because of a direct violent act upon their person or as a result of hazardous and dangerous duty required for the position. If the member is eligible for service retirement, the service retirement allowance is payable if greater than the industrial disability retirement allowance. PRE -RETIREMENT DEATH BENEFITS Basic Death Benefit: This benefit is a refund of the member's contributions plus interest and up to six months' pay (one month's salary rate for each year of current service to a maximum of six months). PERS-CON-53 (rev. 1/02) 1957 Survivor Benefit: An eligible beneficiary may elect to receive either the Basic Death Benefit or the 1957 Survivor Benefit. The 1957 Survivor Benefit provides a monthly allowance equal to one- half of the highest service retirement allowance the member would have received had he/she retired on the date of death. The 1957 Survivor Benefit is payable to the surviving spouse until death or to eligible unmarried children until age 18. 1959 Survivor Benefit: (If provided by the employer's contract and the member is not covered under social security). A surviving spouse and eligible children may receive a monthly allowance as determine by the level of coverage. This benefit is payable in addition to the Basic Death Benefit or 1957 Survivor Benefit. Children are eligible if under age 22 and unmarried. Pre -Retirement Optional Settlement 2 Death Benefit: (If provided by the employer's contract.) The spouse of a deceased member, who was eligible to retire for service at the time of death, may to elect to receive the Pre -Retirement Optional Settlement 2 Death Benefit in lieu of the lump sum Basic Death Benefit. The benefit is a monthly allowance equal to the amount the member would have received if he/she had retired for service on the date of death and elected Optional Settlement 2, the highest monthly allowance a member can leave a spouse. Special Death Benefit: A surviving spouse or eligible children may receive a monthly allowance equal to one-half of the final compensation. If the cause of death is due to external violence or physical force while on the job, and there are eligible surviving children in addition to a spouse, the allowance may be increased to a maximum of 75%. COST -OF -LIVING ADJUSTMENTS The cost of living allowance increases. are limited to a maximum of 2% compounded annually unless the employer's contract provides a 3, 4, or 5% increase. DEATH AFTER RETIREMENT The lump sum death benefit is $500 (or $600, $2,000, $3,000, $4,000 or $5,000 if provided by the employer's contract) regardless of the retirement plan chosen by the member at the time of retirement. TERMINATION OF EMPLOYMENT Members who have separated from employment may elect to leave their contributions on deposit or request a refund of contributions and interest. Those who leave their contributions on deposit may apply at a later date for a monthly retirement allowance if the minimum service and age requirements are met. Members who request a refund of their contributions terminate their membership and are not eligible for any future benefits unless they return to CalPERS membership. EMPLOYEE CONTRIBUTIONS Local safety members covered by the 3% @ 55 formula contribute 9% of reportable earnings. Those covered under a modified formula (coordinated with Social Security) do not contribute on the first $133.33 earned. The employer also contributes toward the cost of the benefits. The amount contributed by the employer for current service retirement benefits generally exceeds the cost to the employee. In addition, the employer bears the entire cost of prior service benefits (the period of time before the employer provided retirement coverage under CaIPERS). All employer contribution rates are subject to adjustment by the CalPERS Board of Administration. PERS-CON-53 (rev. 1/02) CERTIFICATE STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES)§ CITY OF VERNON ) I, Gloria Molleda, Deputy City Clerk of the City of Vernon, County of Los Angeles, State of California., do hereby certify that the attached is a true and correct original of Resolution No. 8605, entitled: Resolution No. 8605 - A Resolution of the City Council of the City of Vernon Declaring Its Intention to Approve an Amendment to the Contract Between the Board of Administration of the California Public Employees' Retirement System and the City Council of the City of Vernon. IN WITNESS HEREOF, I have hereunto set my hand and affixed the Official Seal of the City of Vernon, County of Los Angeles, State of California, this 8th day of December 2004. SEAL: Gloria Molleda Deputy City Clerk CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM EMPLOYEE BALLOT Safety Member Group City of Vernon The City Council of the City of Vernon shall not include in the contract with the Board of Administration of the California Public Employees' Retirement System any group if a majority of its members vote to disapprove the proposed plan. (Government Code Section 20470) The proposed plan is described in Exhibit A of the City of Vernon's Resolution of Intention to Contract with CaIPERS and is outlined in the attached Summary of Major Provisions. I YES Do you approve the proposed plan? NO [ J (New Agency/Adding a Category) (Rev. 4/02) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Division Public Agency Contract Services (888) CalPERS (225-7377) SUMMARY OF MAJOR PROVISIONS 3% @ 55 Formula (Section 21363.1) Local Safety Members SERVICE RETIREMENT To be eligible for service retirement, a member must be at least age 50 and have five years of CalPERS credited service. If provided by the employer's contract, mandatory retirement age for local safety members is age 60. The monthly retirement allowance is determined by age at retirement, years of service credit and final compensation. The basic benefit is 3% of final compensation for each year of credited service upon retirement at age 55. If retirement is earlier than age 55, the percentage of final compensation decreases for each quarter year of attained age to 2.40% at age 50. The allowance is limited to 90% of final compensation. Final compensation is the average monthly pay rate during the last consecutive 36 months of employment, or 12 months if provided by the employer's contract, unless the member designates a different period of 36 or 12 consecutive months when the average pay rate was higher. Certain items of special compensation earned during your final compensation period will be included in your final compensation, in accordance with Board regulations. DISABILITY RETIREMENT Members permanently incapacitated from performing their duties are eligible for disability retirement provided they have at least five years of service credit. The monthly retirement allowance is 1.8% of final compensation for each year of service. The maximum percentage for members who have between 10.000 and 18.518 years of service credit is one-third of their final compensation. If the member is eligible for service retirement the member will receive the highest allowance payable, service or disability. If provided by the employer's contract, the benefit would be a minimum of 30% of final compensation for the first five years of service credit, plus 1 % for each additional year of service to a maximum benefit of 50% of final compensation. INDUSTRIAL DISABILITY RETIREMENT Members permanently incapacitated from performing their duties as a result of a job -related injury or illness may receive 50% of their final compensation (or more by additional contract provisions). The industrial disability retirement allowance for members who entered membership in a safety category after January 1, 1980, cannot exceed the amount that would be payable for a service retirement if employment had continued to age 55. This limit may not apply if the member was disabled because of a direct violent act upon their person or as a result of hazardous and dangerous duty required for the position. If the member is eligible for service retirement, the service retirement allowance is payable if greater than the industrial disability retirement allowance. PRE -RETIREMENT DEATH BENEFITS Basic Death Benefit: This benefit is a refund of the member's contributions plus interest and up to six months' pay (one month's salary rate for each year of current service to a maximum of six months). PERS-CON-53 (rev. 1/02) 1957 Survivor Benefit: An eligible beneficiary may elect to receive either the Basic Death Benefit or the 1957 Survivor Benefit. The 1957 Survivor Benefit provides a monthly allowance equal to one- half of the highest service retirement allowance the member would have received had he/she retired on the date of death. The 1957 Survivor Benefit is payable to the surviving spouse until death or to eligible unmarried children until age 18. 1959 Survivor Benefit: (If provided by the employer's contract and the member is not covered under social security). A surviving spouse and eligible children may receive a monthly allowance as determine by the level of coverage. This benefit is payable in addition to the Basic Death Benefit or 1957 Survivor Benefit. Children are eligible if under age 22 and unmarried. Pre -Retirement Optional Settlement 2 Death Benefit: (If provided by the employer's contract.) The spouse of a deceased member, who was eligible to retire for service at the time of death, may to .elect to receive the Pre -Retirement Optional Settlement 2 Death Benefit in lieu of the lump sum Basic Death Benefit. The benefit is a monthly allowance equal to the amount the member would have received if he/she had retired for service on the date of death and elected Optional Settlement 2, the highest monthly allowance a member can leave a spouse. Special Death Benefit: A surviving spouse or eligible children may receive a monthly allowance equal to one-half of the final compensation. If the cause of death is due to external violence or physical force while on the job, and there are eligible surviving children in addition to a spouse, the allowance may be increased to a maximum of 75%. COST -OF -LIVING ADJUSTMENTS The cost of living allowance increases. are limited to a maximum of 2% compounded annually unless the employer's contract provides a 3, 4, or 5% increase. DEATH AFTER RETIREMENT The lump sum death benefit is $500 (or $600, $2,000, $3,000, $4,000 or $5,000 if provided by the employer's contract) regardless of the retirement plan chosen by the member at the time of retirement. TERMINATION OF EMPLOYMENT Members who have separated from employment may elect to leave their contributions on deposit or request a refund of contributions and interest. Those who leave their contributions on deposit may apply at a later date for a monthly retirement allowance if the minimum service and age requirements are met. Members who request a refund of their contributions terminate their membership and are not eligible for any future benefits unless they return to CalPERS membership. EMPLOYEE CONTRIBUTIONS Local safety members covered by the 3% @ 55 formula contribute 9% of reportable earnings. Those covered under a modified formula (coordinated with Social Security) do not contribute on the first $133.33 earned. The employer also contributes toward the cost of the benefits. The amount contributed by the employer for current service retirement benefits generally exceeds the cost to the employee. In addition, the employer bears the entire cost of prior service benefits (the period of time before the employer provided retirement coverage under CaIPERS). All employer contribution rates are subject to adjustment by the CalPERS Board of Administration. PERS-CON-53 (rev. 1/02) 4flr-7'_ ion 'ublic Agency, in -the fdllo ors of said Retiremenf S as are excluded by law f CITY CLERK'S OFFICE INTEROFFICE MEMORANDUM DATE: November 28 2012 TO: Rory Burnett, Finance Director/City Treasurer Teresa McAllister, Director of Human Resources Mark Whitworth, City Administrator/Fire Chief FROM: Deborah Juarez, Records Management Assistant;, RE: Resolution No. 2012-192 - Resolution Authorizing a Correction to the Amendment to Contract to Contract Between the Board of Administration California Public Employees' Retirement System and the City Council City of Vernon Transmitted herewith is a copy of the above -referenced resolution that was approved by City Council on October 16, 2012, and executed by both the City of VernonandCalPers. Thank you. Attachment c: Ordinance No. 1104 Resolution No. 8605 Ordinance No. 1144 Resolution Nos. 9524 & 9646 ro CO �dr'deflvery information visit our website at S ' rOFFICIAL lti i r- Postage $ f� Certified Fee O Return Receipt Fee, Postmark Here O (Endorsement Requlred) O Restricted Delivery Fee r3 (Endorsement Required) ..D Lf I Total Postage & Fees ru Sent To o Pan e1l.Q.3 ro4ks.....CALFTRS.................................. C3 Street, Apt. No.; -POB-No. p •0. Box 942704 City, State, ZIP+4 Sacramento, CA 94229-2704 :rr 00. C _W, . 4305 Santa Fe.Avenue, Vernon, California 90058 Telephone (323) 583-8811 October 18, 2012 Danielle Brooks, VIA U.S. CERTIFIED MAIL Employer Representative California.Public Employees' Retirement System P.O. Box 942704 Sacramento, CA 94229-2704 Re: CalPERS Audit Findings #5 Dear Ms. Brooks: Per your letter dated September 27, 2012, enclosed please find two partially executed resolutions for the above -referenced matter adopted by the City Council on October 16, 20.12. If you have any questions or comments, please contact Kristen Enomoto at (323) 583-8811 ext. 398. Yours truly, Ana Barcia Deputy City Clerk AB:em Enclosures cc: Mark Whitworth, City Administrator Nicholas Rodriguez, City Attorney E,cfusivefy Industriaf RESOLUTION NO. 2012-192 RESOLUTION AUTHORIZING A CORRECTION TO THE AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL CITY OF VERNON STATE OF CALIFORNIA ) ss COUNTY OF LOS ANGELES ) I, Ana Barcia, Deputy City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 2012-192, was duly passed, approved and adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, October 16, 2012, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this day of October, 2012, at Vernon, California. Ana rcia, Dep y City Clerk (SEAL) G1TY OF:VERNON `'i 13:F` 1 t '. E Jury. U AVOU, UULUlJer;:rI, 4yav;,,aaptemoer.I" ryau, January ru, itit=r, California Public Employees' Retirement System Customer Account Services Division P.O. Box 942704 - Sacramento, CA 94229 2704 CalPERS TTY: (916) 795-3240 888 CalPERS (or 888-225-7377) phone (916) 795-3005 fax www.calpers.ca.gov September 27, 2012 Ms. Kristen Enomoto City of Vernon 4305 Santa Fe Avenue Vernon, CA 90058 Dear Ms. Enomoto: ID # 3431795727 Due to CalPERS audit finding #5, enclosed are two copies of a Resolution authorizing an amendment to strike the contract dated February 6, 2005. This will correct CalPERS audit finding #5. Please return two executed copies of the Resolution. A copy will be returned for your records after it has been executed by CalPERS. If you have any questions, please call (888) CalPERS (225-7377). Sincerely, Danielle Brooks Employer Representative Public Agency Contract Services Enclosures G California Public Employees' Retirement System www.calpers.ca.gov DATE: . October 11, 2012 TO: Honorable Mayor Pro Tem and City Council FROM: Mark C. Whitworth, City Administrator RE: Ca1PERS Correction Resolution Background In February 2005, the City amended its contract with the Board of Administration of the California Public Employees' Retirement System (Ca1PERS) to add the following provision, which effectively granted city attorneys a safety formula: "The percentage of final compensation to be provided for each year of credited prior and current service as a local prosecutor member shall be determined in accordance with Section 21363.1 of said Retirement Las (3% at age 55 Full)." Beginning in 2010, Ca1PERS Office of Audit Services conducted a public agency review of the City of Vernon and issued a report of its findings on April 27, 2012. One of the findings was as follows: "The City incorrectly reported attorneys under coverage group 79001, a safety classification that provides anenhanced retirement benefit formula of 3% @ 55." In its January 31, 2012 response to the draft report, the City acknowledged that it had received inaccurate advice regarding the qualifications of city attorneys, and indicated its desire to work with Ca1PERS to correct the issue and properly reclassify the positions under the miscellaneous category. As such, the City received the attached correction resolution from CalPERS, which is being presented for adoption. The resolution also corrects errors to the City's current contract with Ca1PERS, effective June 22, 2008, that were discovered during this process. Recommendation It is recommended that the attached Ca1PERS correction resolution be approved and adopted. ag sa pry ag be V 11'G,r./f ,r' 1 IIr \4I1 ll lV-.,I,IV VUVII vl a vvl Ipq uvur,Iy - ublic Agency inthe fo owlngLLclasses shall is of said: Retiremenfi.�ystern`exeept such in Year of predited prior and current service as a local prosecutor member:shalf be„determined, ire accordance with Section :'2.1363.1 of said Retirement Law -3 at age 55 Fully. . ClDrihlir�- r.or,r.. aho�:4o^F::�.:1 4—...'.- e., 4.....+.+:. +4. ..11....... .. follow: 99.7,