Resolution Number 03-11-04-02RESOLUTION NO. 03-11-04-0 2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, REVISINGTHE ENHANCED RETIREMENT
BENEFITS FOR THE EXECUTIVE EMPLOYEES AND MEMBERS OF THE
MANAGEMENT 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 sponsors desire to
provide differing benefits to their employees; and,
WHEREAS, the City's Executive Employees and the members of the
Management Employees Association have 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; and,
WHEREAS, these employees have agreed to fund the increased cost of the
enhanced retirement benefit to the City,
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
San Juan Capistrano does hereby
1. Agree to provide retirement benefits to the Executive Employees, effective August
7, 2003 and the members of the Management Employees Association, effective
September 25, 2003 under the 2.7% at 55 benefit formula, 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.
11-04-2003
2. Agree to fund the enhanced retirement benefit for the Executive Employees through
a payroll deduction of 7.74% of base salary, effective August 7, 2003.
3. Agree to fund the enhanced retirement benefit for the membersof the Management
Employees Association through a payroll deduction of 5.01% of base salary,
effective September 25, 2003
PASSED, APPROVED, AND ADOPTED this 4' day of November 2003.
ATTEST:
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. 03-11-04-02 was duly adopted by the City Council of the
City of San Juan Capistrano at a regular meeting thereof, held the 4 th day of November 2003, by the
following vote:
AYES: COUNCIL MEMBERS: Hart, Bathgate, Swerdlin, Soto and Mayor Gelff
NOES: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL 7RS: None
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kIET R. MONAHAN, City Clerk
11-04-2003