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Home My WebLink AboutReso. 2025-012 - Approving Amendment with CalPERS and the City of Redding1.1 BOARD • ADMINISTRATION .0 RUN= WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies and their employees in the Public Employees' Retirement System by the execution of a contract.. and sets forth the procedure by which said public agencies may elect to subject themselves and their employees to amendments to said Law.; and WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the governing body of the public agency of a resolution giving notice of its Intention to approve an amendment to said contract, which resolution shall contain a summary of the change proposed in said contract,- and F*1.1 VTTI W; M R. 233 • # is f. ... LWTV an additional 1.73% for first tier classic local police members, 1.6294o for second tier classic police members in the Unrepresented Public Safety Police Management group, and 0.876% for classic local miscellaneous members in the Unrepresented Non -Safety Employees and Elected Officials group. �V,91 give notice of intention to approve an amendment to the contract between said public agency and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment • attached • as an "Exhibit" and by this reference made, a part hereof. 11� MAYOR Title 2/18/2025 Date adopted and approved (Amendment) CON -302 JRev. 3/9/2016 re) I HEREBY CERTIFY that the foregoing resolution was introduced and adopted at a regular meeting of the City Council of the City of Redding on the 18'h day of February, 2025, by the following roll call vote: FJES.- COUNCIL MEM13ERS: - Dr. Dhanuka, Littau. Resner, and Munwa NOES- COUNCIL MEMBERS. - None ABSENT- COUNCIL MEMBERS: - Audette ABSTAIN- COUNCIL MEMBERS- - None I KRM LIQ 1111,12 101111 1 �i4v CHRISTIAN M. CURTIS, City Attorney Board of Administration 9' Pubw 1 i 1" city Council City 1 Redding t ®' s la 111111- Big 4 f ' is — ®• �.._ •' s. #. i ! `€ �:. •!.. �'.. :t. :! 111 • L: " :• m f * t.. #.. # M •: ! # :. a. • t ! ! 4. # # #: A. Paragraphs 1 through 18 are hereby stricken from said contract as executed effective October 15, 2023, and hereby replaced by the following paragraphs numbered 1 through 18 inclusive: the safety classification on or prior to September 8, 2012, age 55 for classic local safety members entering membership for the first time in the safety classification after September 8, 2012, and age 57 for new local safety members. (b) Any dispute, disagreement, claim, or proceeding (Includi , without limitation arbitration, administrative hearing, or lifigatio between Public Agency and its employees (or th representatives) which relates to Public Agenc)(s election amend this Contract to provide retirement benefits, provisions formulas that are different than such employees' existi retirement benefits, provisions or formulas. (c) Public Agency's agreement with a third party other than CalPE to provide retirement benefits, provisions, or formulas that a different than the retirement benefits, provisions or formul provided under this Contract and provided for under the Californ Public Employees' Retirement Law. 4. Employees of Public Agency in the following classes shall become members of said Retirement System except such in each such class as are excluded by law or this agreement: IMF I ii I I! I I I I I C 111111111113111 ii Ili 11111 � 1 11,111,1111111111 !!!!!! I ��! !ill Ili I 0 wiiiiiiii p 1111111 lillillimpl�11111 illill! llill, C. Employees other than local safety members (herein referred to as local miscellaneous members). 5. In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become members of said Retirement System, 6. Prior to January 1, 1975, those members who were hired by Public Agen on a temporary and/or seasonal basis not to exceed 6 months ew;- xcluded from PERS membership by contract. Government Code Sectio ] 20336 superseded this contract provision by providing that any sue temporary and/or seasonal employees are excluded from PERZ membership subsequent to January 1, 1975. Legislation repealed an, I* replaced said Section with Government Code Section 20306 effective Jul 1,19 94. 8. The percentage of final compensation to be provided for each year credited prior and current service for classic local miscellaneous membe shall be determined in accordance with Section 21354 of said Refireme Law, subject to the reduction provided therein for service on and aft' January 1, 1969, the effective date of Social Security coverage, and prior t December 31, 1981, termination of Social Security, for members whos service has been included in Federal Social Security (2% at age 55 Full an Modified). I 9. The percentage of final compensation to be provided for each year credited prior and current service as a new local miscellaneous mem shall be determined in accordance with Section 7522.20 of said Refireme Law (2% at age 62 Full), I 10. The percentage of final compensation to be provided for each year of credited prior and current service as a classic local safety member entering membership in the safety classification on or prior to September 8, 2012, shall be determined in accordance with Section 21362.2 of said Retirement Law (3% r4 50 Full). 11. The percentage of final compensation to be provided for each year of credited current service as a classic local safety member entering member for the first time in the safety classification after September 8, 2012, shall be determined in accordance with Section 21363.1 of said Retirement Law (3% at age 55 Full). 12. The percentage of final compensation to be provided for each year of credited prior and current service as a new local safety member shall be determined in accordance with Section 7522.25(d) of said Retirement Law (2.7% at age 57 Full). 13. Public Agency elected and elects to be subject to the following optional provisions - 2. Secrion 21222.1 (one -Time 5% Increase - 1970). Legislation repealed said Section effective January 1, 1980. I I I I E I i I I I Pill I I � III I V. e i 2 1 S ct on 2004 (one -Year Final Compensation) for classic local miscellaneous members and for those classic local safety members entering membership on or pnior to September 8, 2012. e. Sections 21624, 21626 and •'• Survivor Allowance). V. Section 21427 (improved Aonindustflal Disability Allowance) for lD cal safety members only. g. Section 20614, Statutes of 1978, (Reduction of Normal Member Contribution Rate). From November 26, 1978, and until March 31, 1979, the normal local miscellaneous member and local safety member contribution rates shall be reduced by 1%; from April 1, 1979, through July 5, 1980, the normal local miscellaneous members and local safety member contribution rates shall be reduced by 2%*, from July 6, 1980, through January 2, 1982, the normal local miscellaneous member contribution rate shall be reduced by 3%; and from July 6, 1980, through March 26, 1983, the normal local safety member contribution rate shall be reduced by 3%. Legislation repealed said Section effective September 29, 1980. W Section 20690, Statutes of 1980, (To Prospectively Revoke Section 20614, Statutes of 1978). 1. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local safety members only. j. Section 21574.5 (indexed Level of 1959 Survivor Benefits) for local miscellaneous members only. k. Section 20475 (Different Level of Benefits)- Section 21363.1 (3% @ 55 Full formula) and Section 20037 (Three -Year Final Compensation) are applicable to classic local safety members entering membership for the first time with this agency in the safety classification after September 8, 2012. t Section 20516 (Employees Sharing Additional Cost) - From and after September 25, 2016, 1 % for classic lo From and after September 25, 2016, 3% for classic local polic members in the Redding Police Managers Association. in the Redding Peace Officers' Association. 1%"-]rrX6DI- I � � - ri 7--n in the United Public Employees of California, Local 792 Redding F! Management Unit. From and after July 14, 2019, 1% for classic local miscellaneo members in the Redding Peace Officers Association. membersFrom and after July 14, 2019, 1 % for classic local miscellaneo Redding Independent #p fees� Organizatio Clerical, Technical i Professional From and after July 14, 2019, 1% for classic local miscellaneo members in the Redding Independent Employees' Organizatio Supervisory/Confidential From and after November 17, 2019, 3% for classic local fi members InternationalAssociation •Firefighters. From and after March 22, 2020, 1.275% for classic loc for classic local safety members in the Unrepresented Public S Management group. From and after August 21, 2022, and until the effective date of t amendment to contract, 2.125% for classic local miscellaneo members in the Unrepresented Non -Safety Employees and Ele Officials group. 0 off - NO,= From and after the effective date of this amendment to contract, 10.23% for first tier classic local police members in the Unrepresented Public Safety Police Management group, From and after the effective date of this amendment to contract, 10.12% for second tier classic local police members in the Unrepresented Public Safety Police Management group. From and after the effective date of this amendment to contract, 3.001 % for classic local miscellaneous members in the Unrepresented Public Safety Police Management group, The portion of the employees contribution that the member agrees to contribute from his or her compensation, over and above the t1v X'QL %JI 101 WS I- vlfw-f Itaba Of 14211 catll Ila an amount equal to, and not to exceed, the Employer Normal Cost Rate for the relevant fiscal year. 14. Public Agency, in accordance with Government Code Section 2079 ceased to be an "employee' for purposes of Section 20834 effective o I December 26, 1976. Accumulated contributions of Public Agency shall b fixed and determined as provided in Government Code Section 20834, an. accumulated contributions thereafter shall be held by the Board as provide in Government Code Section 20834. M 15. Public Agency shall contribute to said Retirement System the contributionj determined by actuarial valuations of prior and future service liability wit respect to local miscellaneous members and local safety members of sai. Retirement System. i 1111111111111 111111111pillipill a. A reasonable amount, as fixed by the Board, payable in one installment within 60 days of date of contract to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or of the periodic investigation and valuations required by law. b. A reasonable amount, as fixed by the Board, payable in one installment as the occasions arise, to cover the costs of speciial valuations on account of employees of Public Agency, and costs Of the periodic investigation and valuations required by law. 18. Contributions required of Public Agency and its employees shall be paid Public Agency to the Retirement System within fifteen days after the end the period to which said contributions refer or as may be prescribed Board regulation. If more or less than the correct amount of contribution] is paid for any period, proper adjustment shall be made in connection wit subsequent remittances. Adjustments on account of errors in contribution required of any employee may be made by direct payments between employee and the Board. B. This amendment shall be effective on the _ day of -0 AMENDMENT CaPERS ID #4091792151 PERS-CON-702A 17TJ PRESIDING OFFICER A -A Witness Date Attest: 'Ne 9M California Public EmploVees' Retirement System Financial Office I Pension Contracts and Prefunding Programs Division P.O. Rox 942703, Sacramento, CA 94229.2703 888 CalPERS (or 888-225-7377) 1 TTY: (877) 249.7442 1 www.calpers.ca.gov Redding City Council of the (governing body) City of Redding (public agency) on February 18, 2025 (date) pe'rk/secretary i 71tie PERS-CON12 (rev. 1/22/19)