Resolution Number 03-10-21-02RESOLUTION NO. 03-10-21- 02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, APPROVING ENHANCED RETIREMENT
BENEFITS FOR THE MEMBERS OF THE CLASSIFIED EMPLOYEES
ASSOCIATION THROUGH THE ORANGE COUNTY EMPLOYEES
RETIREMENT SYSTEM
WHEREAS, The City of San Juan Capistrano, as a plan sponsor, provides
retirement benefits for full-time employees through the Orange County Employees
Retirement System (OCERS); and,
WHEREAS, OCERS was created on January 1, 1945 and is formed under
the provisions of the County Retirement Act of 1937 (1937 Act); and,
WHEREAS, under the provisions of the 1937 Act, OCERS provides similar
benefits to Tier 1, Tier 2, General and Safety members regardless of the plan sponsor;
and,
WHEREAS, California Government Code §31678.3 allows OCERS to
provide varying benefit formula plans to plan sponsors based on the plan sponsor's desire
to provide differing benefits to their employees; and,
WHEREAS, the City's Classified Employees Association has negotiated to
enhance their retirement benefit formula to the 2.7% @ 55 for all years of service, as set
forth in California Government Code §31676.19, with the measuring period set as the
average three highest years of salary, as set forth in California Government Code §31462,
for purposes of calculating retirement benefits, effective January 1, 2004; and,
WHEREAS, these employees have agreed to fund the increased cost of
retirement benefits to the City for the enhanced retirement benefit beginning January 1,
2004 (Exhibit A).
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
San Juan Capistrano does hereby
Agree to provide retirement benefits to the members of the Classified
Employees Association under the 2.7% at 55 benefit formula for all
years of service, as set forth in California Government Code
'31676.19, with the measuring period set as the average three highest
years of salary, as set forth in California Government Code '31462,
effective January 1, 2004.
10-21-2003
2� Agree to fund the enhanced retirement benefit for the members of the
Classified Employees Association through a payroll deduction of --
6.26% of base salary.
PASSED, APPROVED, AND ADOPTED this 21st d f October 2003.
a 0
ry
ATTEST: C �J MAYOR
r1ARET R. MONAHAN, CITY CLERK
STATE OF CALIFORNIA
COUNTY OF ORANGE )ss.
CITY OF SAN JUAN CAPISTRANO
1, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do
hereby certify that the foregoing Resolution No. 03-10-21-02 was duly adopted by the City
Council of the City of San Juan Capistrano at a regular meeting thereof, held the 21st day
of October 2003, by the following vote:
AYES: COUNCIL MEMBERS: Hart, Bathgate, Soto and Mayor Gelff
NOES: COUNCIL MEMBERS: Swerdlin
ABSTAIN: COUNC M MBERS: None
-��l � I I �U' CIJ/7 L/t-�
WROKRr--T R. MONAHAN, City Clerk
10-21-2003