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HomeMy WebLinkAboutOCSD-16 EXPIRED 03131/2002 ORDINANCE NO. 00SD-16 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, Districts 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 January 18, 2002 through and including March 31, 2002. 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. 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: 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 December 19, 2001. Orman ke red , ir, Board of Directors Orang unty Sanitation District ATTEST: Penny Ky , Secretary o he Board of Directors, range Coun Sanitation District *O ThomasWoodruff, General C nsel G:\wp.dWydminSS\Ordinan.a O01\OCSO 16-EadyRet.doc STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) I, PENNY M. KYLE, Secretary of the Board of Directors of Orange County Sanitation District, do hereby certify that the above and foregoing Ordinance No. OCSDA 6 was passed and adopted at a regular meeting of said Board on the 19t' day of December, 2001, by the following vote, to wit: AYES: Norm Eckenrode, Chair; Mike Alvarez; Connie Boardman; Brian Brady; Guy Carrozzo; Alberta Christy; Brian Donahue; Michael Duvall; James M. Ferryman; Alice Jempsa; Tony Kawashima; Beth Krom; Mark Leyes; Shirley McCracken; Roy Moore; Joy L. Neugebauer; Russell Patterson; Anna L. Piercy; Tod Ridgeway; Gerald N. Sigler; Jim Silva NOES: None ABSENT: Steve Anderson; Don Bankhead; Shawn Boyd; Paul Walker IN WITNESS WHEREOF, I have hereunto set my hand this 19th day of December, 2001. lwv�e�w Penny M. Koh Secretary of the Board o irectors Orange County Sanitation District \\LEAD\DATA2\WP.DTA\ADMIN\BS\CRDINANCES\ORDINANCE CERMFICATION.DOC