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HomeMy WebLinkAboutOrdinance No. 132 ORDINANCE NO. 132 PROVIDING ADDITIONAL SERVICE CREDIT TO ELIGIBLE DISTRICTS' EMPLOYEES WHO RETIRE EARLY AN ORDINANCE OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 1 OF ORANGE COUNTY, CALIFORNIA PROVIDING FOR AN EARLY RETIREMENT INCENTIVE PROGRAM BY GRANTING ADDITIONAL SERVICE CREDIT TO ELIGIBLE DISTRICTS' EMPLOYEES AS AUTHORIZED BY THE COUNTY EMPLOYEES RETIREMENT LAW OF 1937, GOVERNMENT CODE SECTION 31641.04. WHEREAS, the Boards of Directors of County Sanitation Districts No. 1, 2, 3, 5, 6, 7, 11. 13 and 14 adopted Resolution No. 95-19 and Resolution No. 95-53 approving an Early Retirement Incentive Program for all eligible Districts' employees, as authorized by California Government Code Section 31641.04; and WHEREAS, pursuant to the provisions of the Joint Ownership, Operation and Construction Agreement by and among County Sanitation Districts Nos. 1, 2, 3, 5, 6, 7, 11, 13 and 14, District No. 1 is the appointed authorized agent to act for every other District; and WHEREAS, the Board of Directors of County Sanitation District No. 1, acting as agent for County Sanitation Districts Nos. 2, 3, 5, 6, 7, 11, 13 and 14, adopted Ordinance No. 126 on June 28, 1995, incorporating all of the same provisions as in Joint Resolution Nos. 95-19 and 95-53; and WHEREAS, the Boards of Directors of County Sanitation District Nos. 1, 2, 3, 5, 6, 7, 11, 13 and 14 have determined that the manner of performing service, and the total cost savings of having higher compensated employees retire and lower compensated employees hired to replace the retirees, exceeds the total actuarial cost of the additional service granted to those who retire under this program. NOW THEREFORE, the Board of Directors of County Sanitation District No. 1 of Orange County, California, does hereby ORDAIN: Section I: All regular employees of the County Sanitation Districts of Orange County, California, who are eligible to participate as members and retire under the Orange County Employees Retirement System, are granted two (2) additional years of service credit for retirement benefit purposes, provided they retire from regular employment of the Districts during the period of January 1, 1997 through and including March 31, 1997. Section Il: The General Manager of the Districts is authorized to execute any and all contracts or other documents and to transfer all required funds in order to implement the authorized actions provided for herein. Section III: The total cost savings of positions filled at a lower level or held vacant for a period of time shall exceed the total actuarial cost of the additional service credit granted and related paid leave pay-off costs. Section IV: Districts shall pay the actuarially determined cost of this early retirement incentive program over a period not to exceed five (5)years and on such other terms and conditions as shall be set forth in a mutually agreed upon written contract between the Districts and the Board of Retirement of the Orange County Employees Retirement System. Section V: This Ordinance shall become effective January 1, 1997. Section VI: The Secretary of the Board shall certify to the adoption of this Ordinance and shall cause a summary to be published in a newspaper of general circulation as the District is required by law. PASSED AND ADOPTED by the Board of Directors of County Sanitation District No. 1 at a regular meeting held October 23, 1996. Chair of the Board of Directqrs County Sanitation District No. 1 of Orange County, California ATTEST: Secretary of t a f Directors -County Sanit n s I No. 1 of Orange County, alifomia J:IWPD0C1BMRDW 0RD132.WPD STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) I, PENNY KYLE, Secretary of the Board of Directors of County Sanitation District No. 1 of Orange County, California, do hereby certify that the above and foregoing Ordinance No. 132 was passed and adopted at a regular meeting of said Board on the 23rd day of October, 1996, by the following vote, to wit: AYES: Pat McGuigan, Chair, James M. Ferryman, Mark A. Murphy, Thomas R. Saltarelli, William G. Steiner NOES: None ABSTENTIONS: None ABSENT: None IN WITNESS WHEREOF, I have hereunto set my hand this 23rd day of October, 1996. 'Penny Ky Secretary to lhe Bard of Directors of County Sanitation District No. 1 of Orange County, California J:W PDOCWTORMSWTWA 32