HomeMy WebLinkAboutReso 40-15 CalPERS Amend Contract RESOLUTION NO. 40 - 15
A RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT
TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM (CaIPERS) AND
THE CITY OF DUBLIN
WHEREAS, the Public Employees' Retirement Law permits the participation of public
agencies and their employees in the California Public Employees' Retirement System (CaIPERS) 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, the City of Dublin is a contracting agency of the California Public Employees'
Retirement System (CaIPERS); and
WHEREAS, Employees' Pension Reform Act of 2013 (PEPRA) was implement as law on
January 1, 2013; and
WHEREAS, with the passing of PEPRA Section 20516 of the Government Code was
amended to read 20516 (a):
Notwithstanding any other provision of this part, with or without a change
in benefits a contracting agency and its employees may agree, in writing,
to share the costs of the employer contribution. The cost sharing pursuant
to this section shall also apply for related non-represented employees as
approved in a resolution passed by the contracting agency; and
WHEREAS, the City of Dublin employees are non-represented; and
WHEREAS, the City of Dublin desires to start a CaIPERS contract amendment process to
share the costs of the employer contribution of 3.05% with all New and Classic CaIPERS members;
and
WHEREAS, all preexisting agreements of cost-sharing for Classic CaIPERS members remains
in place at 3.95%; and
WHEREAS, the amount of the new cost sharing 3.05% shall be in addition to the previously
approved cost sharing amount for Classic CaIPERS members for a total of 7%; and
WHEREAS, the non-represented employees of the City of Dublin have by individual signature
provided their acknowledgment of the City's desire to start the CaIPERS contract amendment
process (Exhibit A).
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby give notice of the intent to amend the contract between the City of Dublin and the Board of
Administration of the California Public Employees' Retirement System (CaIPERS) for cost sharing
pursuant to Government Code Section 20516 (a), and authorize staff to work with CaIPERS on
receipt of the schedule of agency actions for planning and finalize such contract amendment.
Reso No. 40-15, Adopted 4/7/15, Item 4.4 Page 1 of 2
PASSED, APPROVED AND ADOPTED this 7th day of April, 2015.
AYES:Councilmembers Biddle, Gupta, Hart, Wehrenberg, and Mayor Haubert
NOES: None
ABSENT: None
ABSTAIN: None r
Mayor
ATTEST:
DcopuAl City Clerk
Reso No. 40-15, Adopted 4/7/15, Item 4.4 Page 2 of 2