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HomeMy WebLinkAbout1985-09-03; City Council; Resolution 81661 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2c 21 22 22 24 25 26 27 28 RESOLUTION NO. 8166 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA AUTHORIZING THE PAYMENT OF PUBLIC EMPLOYEES RETIREMENT SYSTEM CONTRIBUTIONS COVERING UNIFORM ALLOWANCE AND HOLIDAY PAY FOR ACTIVE AND RETIRED EWLOYEES AND TFUNSFERING FUNDS. WHEREAS, the California Court of Appeals has determined that payments to employees for uniform allowance and holidays are to be included in computing compensation subject to retirement contributions; and WHEREAS, the State Legislature, acting upon this decision, has revised Government Code Section 20022 defining compensation by the addition of uniform allowance and holiday pay in the types of compensation included in determining PERS retirement contributions; and WHEREAS,the court's decision requires that the City make retroactive payments to PERS for the period December 18, 1981 to the present for any active employees and for the final compensation period as defined by our PERS contract for retired employees; and WHEREAS, the City share of such retroactive payments to FERS will total $107,588.24; and WHEREAS, budgeted retirement contributions are insufficient to fund this additional cost. NOW, THEREFORE, be it resolved by the City Council of the City of Carlsbad as follows: 1. That the Finance Director is directed to pay the total of $107,588.24 to the Public Employees Retirement System. 2. That a contingency transfer in the amount of $107,588.24 is hereby approved to be distributed to the necessary retirement accounts to fund this payment. ///I /I// 5- -1 P 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1-5 19 2c 21 22 22 24 25 26 27 28 PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on the 3rd day of SeP- , 1985, by the following vote, to wit: AYES: Council Members Casler, Lewis, Kulchin, Chick and Pettine NOES: None ABSENT: None ATTEST : (adAL2. Re ALETHA L. RAUTENKRANZ, City Cl&$ (SEAL)