HomeMy WebLinkAbout2011-10-11; City Council; CS-157; AUTHORIZING AMENDMENT CONTRACT BOARD OF ADMINISTRATION CALPERS...1 ORDINANCE NO. CS"157
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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60 retirement benefit (Section 21353) and Three Year Final Compensation benefit8
(Section 20037) for employees entering membership for the first time in a City of
10 Carlsbad miscellaneous classification effective November 27, 2011.
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
15 Resolution No. 2011-214
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The Mayor of the City of Carlsbad is hereby authorized, empowered, and
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directed to execute said amendmem ror 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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1 INTRODUCED AND FIRST READ at a Regular Meeting of the Carlsbad City
2 Council on the 13th day of September 2011, and thereafter.
3 PASSED AND ADOPTED at a regular meeting of the City Council of the City of
4 Carlsbad on the 11th day of October 2011, by the following vote, to wit:
5 AYES: Council Members Hall, Kulchin, Blackburn, Douglas, Packard.
6 NOES: None.
7 ABSENT: None.
8 ABSTAIN: None.
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10 APPROVED AS TO FORM AND LEGALITY
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12 RdNALD-R. BALL, City Attorney /G/,i./(,
MATTOHALL, Mayor
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16 ATTEST:
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LORRAINE M. WOOD, City Clerk
19 (SEAL)
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