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HomeMy WebLinkAboutOCSD-08 EXPIRED 07/01/1999 ORDINANCE NO. OGSD-06 AN ORDINANCE OF THE BOARD OF DIRECTORS OF ORANGE COUNTY SANITATION DISTRICT PROVIDING FOR AN EARLY RETIREMENT INCENTIVE PROGRAM BY GRANTING ADDITIONAL SERVICE CREDIT TO ELIGIBLE DISTRICT EMPLOYEES, AS AUTHORIZED BY THE COUNTY EMPLOYEES RETIREMENT LAW OF 1937, CALIFORNIA GOVERNMENT CODE SECTION 31641.04 WHEREAS, the Board of Directors of Orange County Sanitation District has previously adopted Resolutions and Ordinances approving Early Retirement Incentive Programs for all eligible District employees, as authorized by California Government Code Section 31641.04; and WHEREAS, previously adopted Incentive Programs were, as provided by law, for a fixed period of time, each of which has now expired; and WHEREAS, District's Management has reported to the Board the desirability of implementing a further Early Retirement Incentive Program due to the implementation of changes in the manner of performing District services and the savings of money and other economic benefits that will flow to the District by the retirement of eligible employees; and WHEREAS, the Board of Directors has determined that changes in the manner of performing District services, and the total cost savings of having higher compensated employees retire early, will exceed the total actuarial costs of the additional service credit granted to those who retire under this Program. NOW, THEREFORE, the Board of Directors of Orange County Sanitation District does hereby ORDAIN: Section 1: California Government Code Section 31641.04, as a component provision of the County Employees Retirement Law of 1937, is hereby adopted and deemed applicable to all regular, full-time employees, by the Board of Directors, upon the adoption of this Ordinance. Section 2: All regular, full-time employees of the Orange County Sanitation District who are eligible to participate as members and retire under the Orange County Employees Retirement System, shall be granted two (2) additional years of service credit for retirement benefit purposes, provided they retire from regular employment of the District during the period of February 1, 1999 through and including July 31, 1999. Section 3: The General Manager of the District, or his designee, is authorized to execute any and all contracts or other documents, and to transfer all required funds to the Orange County Employees Retirement System, in order to implement the authorized actions provided for herein. Section 4: The total cost savings resulting from the retirement of employees in positions which are subsequently filled at a lower level, or when the position is held vacant for a period of time, shall exceed the total actuarial cost of the additional service credit granted to those employees who retire, together with the related paid leave payoff costs. 209 1W 73483_1 1 Section 5: District shall pay to the Orange County Employees Retirement System 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 District and the Board of Retirement of the Orange County Employees Retirement System. Section 6: This Ordinance is enacted as an urgency measure to take effect immediately in order to preserve and enhance the public welfare, in that the District has not fully recovered from all losses suffered in the bankruptcy of the County of Orange in 1995, and the savings of money through reduced employee compensation will partially off-set losses suffered and incurred directly by the District, and whose full recovery is otherwise unknown at this time. Section 7: This Ordinance shall take effect immediately upon adoption. Section 8: 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 required by law. PASSED AND ADOPTED by the Board of Directors of the Orange County Sanitation District at a regular meeting held January 27, 1999. Jan DeBay, Chair, Board of Directors " Orange County Sanitation District Air a�4 Vice Qu;r ATTE Penny Kyle ecr ary of the Board of Directors, Orang County Sanitation District homas L. oodruff, Genera t ounsel zaso-iao STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) I, PENNY KYLE, Secretary of the Board of Directors of Orange County Sanitation District, do hereby certify that the above and foregoing Ordinance No. OCSD-08 was passed and adopted at a regular meeting of said Board on the 27th day of January, 1999, by the following vote, to wit: AYES: Steve Anderson, Don Bankhead, Shawn Boyd, John Collins, Lynn Daucher, Brian Donahue, Norman Z. Eckenrode, James M. Ferryman, Peter Green, John M. Gullixson, Mark Leyes, Jack Mauller, Shirley McCracken, Pat McGuigan, Joy L. Neugebauer, Russell Patterson, Anna L. Piercy, Thomas R. Saltarelli, Christina Shea, Peer A. Swan, Charles E. Sylvia NOES: None ABSENT: Jan Debay, Eva Miner-Bradford, Mark A. Murphy, Todd Spitzer IN WITNESS WHEREOF, I have hereunto set my hand this 27th day of January, 1999. o Penny Kyle Secretary of thelard of Directors Orange County Sanitation District N9WP.DTAt WIN%BS RDINANCES\l8991 ERTIFICATION.DOC