HomeMy WebLinkAboutResolution No. 08-7092 - Employer paid contributions to CALPERS - Miscellaneous employeesRESOLUTION NO. 08-7092
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY FOR PAYING
AND REPORTING THE VALUE OF EMPLOYER PAID MEMBER CONTRIBUTIONS
TO THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (CALPERS)
FOR MISCELLANEOUS EMPLOYEES.
WHEREAS, the governing body of the City of Downey has the authority to implement
Government Code Section 20636(c) (4) pursuant to Section 20691 ;
WHEREAS, the governing body of the City of Downey has a labor policy or agreement
which specifically provides for the normal member contributions to be paid by the employer, and
reported as additional compensation;
WHEREAS, one of the steps in the procedures to implement Section 20691 is the
adoption by the governing body of the City of Downey of a Resolution to pay and report the
value of said Employer Paid Member Contributions (EPMC);
WHEREAS, the governing body of the City of Downey has identified the following
conditions for the purpose of its election to pay EPMC;
This benefit shall apply to all employees in the miscellaneous retirement group.
This benefit shall consist of paying 8% of the normal contributions as EPMC, and
reporting the same percent (value) of compensation earnable {excluding
Government Code Section 20636(c) (4)} as additional compensation.
The effective date of this Resolution shall be November 25, 2008
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the governing body of the City of Downey elects to pay and report the
value of EPMC, as set forth above.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 25th day of November, 2008.
ATTEST:
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KATHLEEN L. MIDSTOKKE, City Clerk
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RESOLUTION NO. 08-7092
PAGE TWO
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a regular meeting held on the 25th day of November, 2008, by the
following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN :
Council Members: Bayer, Cartozian, Guerra, Trejo, Mayor Gafin
Council Member: None
Council Member: None
Council Member: None
KATHLEEN L. MIDSTOKKE, City Clerk