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Resolution Number 12-03-06-02RESOLUTION NO. 12-03-06-02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA APPROVING RETIREMENT BENEFITS FOR MEMBERS OF THE CLASSIFIED EMPLOYEES ASSOCIATION, THE MANAGEMENT AND PROFESSIONAL EMPLOYEES ASSOCIATION, EXECUTIVE EMPLOYEES AND UNREPRESENTED EMPLOYEES THROUGH THE ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM (OCERS). WHEREAS, The City of San Juan Capistrano, as a plan sponsor, provides retirement benefits for full-time employees through the Orange County Employees Retirement (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 §31678.2 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 Executive Employees, Unrepresented Employees, the members of the Management and Professional Employees Association, and the Classified Employees Association have negotiated to implement the 2.0% at 57 benefit formula, as set forth in California Government Code §31676.12, with the measuring period set as the average three highest years of salary, as set forth in California Code §31642, for purposes of calculating retirement benefits, for employees newly hired or rehired on or after July 1, 2012, and effective July 1, 2012; and, 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 Executive Employees, Unrepresented Employees, the members of the Management and Professional Employees Association, and the Classified Employees Association under the 2.0% at 57 benefit formula, as set forth in California Government Code §31676.12, with the measuring period set as the average three highest years of salary, as set forth in California Government Code §31642, to employees newly hired or rehired on or after July 1, 2012. PASSED, APPROVED, AND ADOPTED this 6th A S: t LDq MAPJA 40RRI CL K STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) of March, 201 ER, MAYOR I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 12-03-06-02 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 6 day of March 2012, by the following vote: AYES: COUNCIL MEMBERS: Freese, Reeve, Allevato, Taylor and Mayor Kramer NOES: COUNCIL MEMBER: None ABSENT: COUNCIL MEMBER: None MO f 1