Loading...
HomeMy WebLinkAbout2011/03/22 Item 2SECOND READING AND ADOPTION ORDINANCE NO. ORDINANCE AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM (CALPERS) AND THE CITY COUNCIL OF THE CITY OF CHULA VISTA TO PROVIDE (1) SECTION 21353 (2% @ 60 FORMULA) TO ALL LOCAL MISCELLANEOUS MEMBERS, (2) SECTION 21363.1 {3% @ 55 FORMULA) TO ALL LOCAL SAFETY MEMBERS, AND (3) SECTION 20037 (THREE-YEAR FINAL COMPENSATION) TO ALL LOCAL MISCELLANEOUS AND LOCAL SAFETY MEMBERS, WHO ARE ENTERING MEMBERSHIP FOR THE FIRST TIME AFTER THE EFFECTIVE DATE OF THIS CONTRACT AMENDMENT WHEREAS, the City of Chula Vista is a contracting Public Agency of the California Public Employees' Retirement System; and WHEREAS, the City of Chula Vista desires to adopt this ordinance to authorize an amendment to the contract between the City of Chula Vista and the Boazd of Administration of the California Public Employee's Retirement System to provide the following: Section 20475 (Different Level ofBenefts). Section 21353 (2% @ 60 Formula) and Section 20037 (Three-Yeaz Final Compensation) are applicable to all local Miscellaneous members entering membership for the first time in the Miscellaneous classification afrer effective date of this contract amendment. Section 20475 (Different Level of Benefits). Section 21363.1 (3% @ 55 Formula) and Section 20037 (Three-Yeaz Final Compensation} are applicable to all local Safety members who are entering membership for the first time after the earliest possible effective afrer the effective date of this contract amendment. Section 20037 (Three year Final Compensation). Section 20037 (three-year final compensation) is applicable to all Local Miscellaneous and Local Safety members, who are entering membership for the first time after the effective date of this contract amendment. NOW THEREFORE, the City Council of the City of Chula Vista does ordain as follows: Section 1. That an amendment to the contract between the City Council of the City of Chula Vista and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, mazked Exhibit 1, and by such reference made a part hereof as though herein set out in full. Section 2. 2-1 The Mayor of Chula Vista, the Presiding Officer of the City Council, is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. Section 3. This Ordinance shall take effect thirty (30) days after the date of its adoption, and prior to the expiration of fifteen (15}days from the passage thereof shall be published at least once in the Chula Vista Staz News, a newspaper of general circulation, published and circulated in the City of Chula Vista and thenceforth and thereafter the same shall be in full force and effect. Introduced and First Reading on this day of Adopted and approved on this day of 2011. 2011. Approved as to form by: Glen R. Googins City Attorney Mayor Cheryl Cox Presiding Officer Attest: Donna R. Norris, CMC City Clerk 2-2