HomeMy WebLinkAbout2010-07-27; City Council; CS-093; AMENDMENT CALPERS CONTRACT FOR SAFETY MEMBERS...1 ORDINANCE NO. CS-093
2 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE
3 CONTRACT BETWEEN THE CITY COUNCIL AND THE BOARD OF
4 ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES'
RETIREMENT SYSTEM
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WHEREAS, the City Council authorized the City to initiate an amendment of the
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City's contract with CalPERS to provide a 2nd tier retirement plan that includes the 2% at
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50 retirement benefit (Section 21362) and Three Year Final Compensation benefit
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9 (Section 20037) for employees entering membership for the first time in a City of
10 Carlsbad safety classification effective October 4, 2010.
11 NOW, THEREFORE, the City Council of the City of Carlsbad ordains as follows:
12 That an amendment to the contract between the City Council of the City of
13 Carlsbad and the Board of Administration of the California Public Employees'
14 Retirement System is hereby authorized, a copy of said amendment marked "Exhibit" to
Resolution No. 2010-171
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The Mayor of the City of Carlsbad is hereby authorized, empowered, and
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directed to execute said amendment for and on behalf of said Agency.
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This ordinance shall be effective thirty days after the date of its adoption; and the
20 City Clerk shall certify the adoption of this ordinance and cause it to be published at
21 least once in a newspaper of general circulation in the City of Carlsbad within fifteen
22 days after its adoption.
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INTRODUCED AND FIRST READ at a regular meeting of the Carlsbad City
Council on the dav29tb of .TIINF. 2010, and thereafter
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council
of the City of Carlsbad on the 27th day of July ,
2010, by the following vote:
AYES: Council Members Lewis, Kulchin, Hall and Packard.
NOES: Council Member Blackburn.
ABSENT: None.
APPROVED AS TO FORM AND LEGALITY:
R. BALL, City Attorney
ATTEST:
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