HomeMy WebLinkAbout102-Resolution.pdfRESOLUTION NO.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
APPROVING CITY COUNCIL CALPERS ELECTION OF OPTIONAL MEMBERSHIP AND PENSION REFORM
WHEREAS, California Government Code Section 20322 provides that an “elected
officer” is excluded from membership in the California Public Employees’ Retirement System (CalPERS) unless he or she files with the CalPERS Board of Administration an election in
writing to become a member; and
WHEREAS, the election of optional membership may be filed at any time while a
compensated councilmember holds the office (PERS-AESD-59 Form); and
WHEREAS, once a councilmember establishes membership with CalPERS, it may be
terminated only upon permanent separation from the office; and
WHEREAS, if elected officials opt out of filing to become a CalPERS member on their
elected start date and decide at a later date to file, the later date becomes the elected official’s vesting start date with CalPERS, not the start date the official was elected; and
WHEREAS, elected officials have the option to purchase service credit for served time
back to the start date the official was elected (PERS-MSD-372 Form); and
WHEREAS, retirement benefits through CalPERS are vested with a minimum of 5
years of service. Continuous service with one jurisdiction/special district is not required; rather it can be accumulated through service in more than one jurisdiction/special district participating in CalPERS; and
WHEREAS, once a councilmember establishes membership with CalPERS the
councilmember is eligible to participate in the health plans offered by CalPERS; and
WHEREAS, Councilmembers who have established membership with CalPERS and
who elect to participate in the health plans offered by CalPERS are responsible for paying 100%
of the cost of the health plan premium; and
WHEREAS, effective December 21, 2011, councilmembers currently participating in
the CalPERS 2%@55 retirement plan will contribute the employee fixed share of seven (7)
percent on a pre-tax basis of his/her monthly stipend of $250.00; and
WHEREAS, pension reform will include a second tier 2%@60 defined benefit
retirement formula with the highest three (3) year average of salary as part of the retirement calculation for future elected officials; and NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Saratoga hereby adopts a resolution amending City Council CalPERS optional
membership and pension benefits.
The above and foregoing resolution was passed and adopted by the Saratoga City Council
at a regular meeting held on the 21st day of December 2011, by the following vote:
AYES:
NAYES:
ABSTAIN:
ABSENT:
Chuck Page, Mayor
ATTEST:
DATE:
Crystal Morrow,
City Clerk