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HomeMy WebLinkAbout2003-08-05; City Council; 17269; PERS Contract AmendmentCITY OF CARLSBAD -AGENDA BILL AB# 17,269 MTG. 8-5-03 DEPT. CLK ADOPTION OF ORDINANCE NO. NS-665 AUTHORIZING AN AMENDMENT TO THE CONTRACT OF THE CALIFORNIA PUBLIC EMPLOYEE’S RETIREMENT SYSTEM DEPT.HD. CITY ATTY. CITY MGR RECOMMENDED ACTION: Adopt Ordinance No. NS-665 authorizing an amendment to the contract between the City Council and the Board of Administration of the California Public Employees’ Retirement System. ITEM EXPLANATION: Ordinance No. NS-665 was introduced and first read at the City Council meeting held on July 8, 2003. The second reading allows the City Council to adopt the ordinance, which would then become effective in thirty days. The City Clerk will have the ordinance published within fifteen days, if adopted. FISCAL IMPACT: See Agenda Bill No. 17,231 on file with the City Clerk. EXHIBITS: 1. Ordinance No. NS-665. DEPARTMENT CONTACT: Janice Breitenfeld (760) 434-2927, jbrei@ci.carlsbad.ca.us I 1 ! 1( 1' 1; 12 14 1E 1E 17 ia 19 20 21 22 23 24 25 26 27 28 ORDINANCE NO. NSz665 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHEREAS, the City Council authorized the City to initiate an amendment of the City's contract with CalPERS to provide the 3% at 50 retirement benefit (Section 21362.2) for all local fire safety employees effective the pay period inclusive of January 1 , 2004; and NOW, THEREFORE, the City Council of the City of Carlsbad ordains as :ol lows : SECTION 1 : That an amendment to the contract between the City Council of he City of Carlsbad and the Board of Administration of the California Public Employees' Retirement System is hereby authorized, a copy of said amendment narked "Exhibit A to Resolution No. 2003-180 SECTION 2: The Mayor of the City of Carlsbad is hereby authorized, ?mpowered, and directed to execute said amendment for and on behalf of said 4gency. EFFECTIVE DATE: This ordinance shall be effective thirty days after the late of its adoption; and the City Clerk shall certify the adoption of this ordinance ind cause it to be published at least once in a newspaper of general circulation in he City of Carlsbad within fifteen days after its adoption. '/ 7 7 1 I s 1( 11 12 19 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 INTRODUCED AND FIRST READ at a regular meeting of the Carlsbad City Council on the day of July 8, 2003, and thereafter PASSED AND ADOPTED at a regular meeting of the City Council of the City of Carlsbad on the day of August 5, 2003 , by the following vote, to wit: AYES: Council Members Lewis, Finnila, Kulchin, Hall, Packard NOES: None ABSENT: None ATTEST: LORRAINE M. WmD, City Clerk ’ (SEAL) ?age 2 of 2 of Ordinance No. NS-665