HomeMy WebLinkAbout2011-14 - CALPERS - CouncilRESOLUTION NO. 2011 -14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT
BEACH TO MODIFY THE PAYING AND REPORTING OF THE VALUE OF
THE EMPLOYER PAID MEMBER CONTRIBUTION TO THE CALIFORNIA
PUBLIC EMPLOYEES RETIREMENT SYSTEM (CALPERS) FOR NEWPORT
BEACH CITY COUNCIL MEMBERS
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;
and
WHEREAS, the City Council of the City of Newport Beach has an
agreement which specifically provides for 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 value of said Employer Paid
Member Contributions; pursuant to CCR title 2 Section 571 (a)(1); 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 Employer Paid Member Contribution.
NOW, THEREFORE, the City Council of the City of Newport Beach does
RESOLVE as follows:
Section 1. This benefit shall apply to all City of Newport Beach
City Council members.
Section 2. Effective January 15, 2011, this benefit shall be
modified to consist of paying 5.5% of the normal contributions as EPMC and
reporting the same percent (value) as compensation earnable (excluding
Government Code Section 20636(c)(4)) as additional compensation;
Section 3. Effective July 2, 2011, this benefit shall be modified to
consist of paying 4.0% of the normal contributions as EPMC, and reporting the
same percent (value) as compensation earnable (excluding Government Code
Section 20636(c)(4)) as additional compensation;
Section 4. Effective December 31, 2011, this benefit shall be
modified to consist of paying 2.42% of the normal contributions as EPMC, and
reporting the same percent (value) as compensation earnable (excluding
Government Code Section 20636(c)(4)) as additional compensation.
Adopted this 25th day of January, 2011.
ATTEST:
City Clerk
Mayor of the City of Newport Beach
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH }
I, Leilani I. Brown, City Clerk of the City of Newport Beach, California, do hereby
certify that the whole number of members of the City Council is seven; that the foregoing resolution,
being Resolution No. 2011 -14 was duly and regularly introduced before and adopted by the City
Council of said City at a regular meeting of said Council, duly and regularly held on the 25th day of
January, 2011 , and that the same was so passed and adopted by the following vote, to wit:
Ayes: Hill, Rosansky, Gardner, Selich, Curry, Daigle, Mayor Henn
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 26th day of January, 2011.
40i P m-
City Clerk
Newport Beach, California
(Seal)