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HomeMy WebLinkAboutS21 - CalPERS ResolutionAgenda Item No. S21 May 22, 2012 RESOLUTION NO. 2012- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH RESCINDING RESOLUTION NO. 94 -46 TO MODIFY THE PAYING AND REPORTING OF THE VALUE OF THE EMPLOYER PAID MEMBER CONTRIBUTION TO THE CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM (CALPERS) FOR EMPLOYEES REPRESENTED BY THE NEWPORT BEACH FIREFIGHTERS ASSOCIATION WHEREAS, the City Council of the City of Newport Beach previously adopted Resolution No. 94 -46 to pay and report the value of the 9% Employer Paid Member Contribution (EPMC) to CalPERS for employees represented by the Newport Beach Firefighters Association; and WHEREAS, the City Council of the City of Newport Beach has the authority to implement Government Code Section 20636(c)(4) pursuant to Section 20691 to report the value of the Employer Paid Member Contribution if provided for in a labor agreement; and WHEREAS, the City Council of the City of Newport Beach and the Newport Beach Firefighters Association have a written agreement which specifically provides a portion of the normal member contribution to be paid by the employer and reported as additional compensation; and WHEREAS, one of the steps in the procedures to implement Section 20691 is the adoption by the City Council of the City of Newport Beach of a resolution to modify the paying and reporting of the EPMC; and WHEREAS, the City Council of the City of Newport Beach has identified the following conditions for the purpose of its election to pay and report the value of the EPMC. NOW, THEREFORE, the City Council of the City of Newport Beach does RESOLVE to pay and report the value of EPMC as follows: Section 1. This benefit shall apply to all employees represented by the Newport Beach Firefighters Association (NBFA). Section 2. Effective June 2, 2012, this benefit shall be modified to consist of paying 5.5% of the normal contributions as EPMC for NBFA Safety employees and 3.92% of the normal contributions as EPMC for NBFA non - safety Miscellaneous employees, and reporting the same percent (value) as compensation earnable (excluding Government Code Section 20636(c)(4)) as additional compensation. Section 3. Effective the first payroll period commencing on or after January 1, 2013, this benefit shall be modified to consist of paying 2.0% of the normal contributions as EPMC for NBFA Safety employees and 2.42% of the normal contributions as EPMC for NBFA non - safety Miscellaneous employees, and reporting the same percent (value) as compensation earnable (excluding Government Code Section 20636(c)(4)) as additional compensation. Section 4. Effective the first payroll period commencing on or after January 1, 2014, this benefit shall be modified to consist of paying 0% of the normal contributions as EPMC for NBFA Safety employees, and reporting the same percent (value) as compensation earnable (excluding Government Code Section 20636(c)(4)) as additional compensation. Adopted this day of 2012. M. ATTEST: City Clerk Mayor of the City of Newport Beach