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HomeMy WebLinkAboutOCSD 17-13 RESOLUTION NO. OCSD 17-13 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT ESTABLISHING A PROCEDURE TO ENSURE COMPLIANCE WITH GOVERNMENT CODE SECTION 7507 TRANSPARENCY REQUIREMENTS WHEREAS, California Government Code section 7507 requires the local legislative bodies to take measures to determine and make public certain information pertaining to cost when considering changes in retirement benefits or other postemployment benefits; and WHEREAS, the Orange County Sanitation District("District') aspires to the highest degree of integrity, honesty, trust, and respect in its interaction with its customers and the community; and WHEREAS, in order to maximize transparency and opportunities for public participation, the Board of Directors desires to establish a procedure to ensure compliance with the transparency requirements provided in Government Code section 7507. NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE AND ORDER: Section 1. The District, should it consider changes in retirement benefits or other postemployment benefits, shall do the following: (a) Secure the services of an actuary as defined in California Government Code section 7507 to provide a statement of the actuarial impact upon future annual costs, including normal cost and any additional accrued liability, before authorizing changes in public retirement plan benefits or other postemployment benefits. (b) Ensure the statement of actuarial impact shall then be made public at a noticed public meeting at least two weeks prior to the consideration of a Memorandum 1255677.1 OCSD 17-13-1 of Understanding through which the Board would authorize any changes in public retirement plan benefits or other postemployment benefits. (c) Require an actuary to be present to provide information as needed at the public meeting at which the authorization of a benefit change shall be considered. (d) Prohibit the adoption of any benefit to which this Resolution applies from placement on a consent calendar. (e) Upon the adoption of any benefit change to which this Resolution applies, require the General Manager to acknowledge in writing that he or she understands the current and future cost of a benefit change as determined by the actuary. The requirements of this Resolution shall not apply to: i. An annual increase in a premium that does not exceed three percent (3%) under a contract of insurance. ii. A change in postemployment benefits, other than pension benefits, mandated by the state or federal government or made by an insurance carrier in connection with the renewal of a contract of insurance. Section 2. The Clerk of the Board shall certify to the adoption of this Resolution. PASSED AND ADOPTED at a regular meeting of the Board of Directors held July 26, 2017. Gr K ory . Se urn, PLS Board Chairman ATTEST: ��� Kel A. L. r , MC CI rk o ,9 Board 1255677.1 OCSD 17-13-2 STATE OF CALIFORNIA ) ss COUNTY OF ORANGE ) I, Kelly A. Lore, Clerk of the Board of Directors of the Orange County Sanitation District, do hereby certify that the foregoing Resolution No. OCSD 17-13 was passed and adopted at a regular meeting of said Board on the 26th day of July 2017, by the following vote, to wit: AYES: Barnes; Collacott; Deaton; Delgleize; Ferryman; Hawkins; Jones; Kim; Krippner; R. Murphy; Nagel; Peotter; Sebourn; Shaw; Shawver; F. Smith; Steel; Tinajero; Wagner; Wanke; Withers; and Yarc NOES: None ABSTENTIONS: None ABSENT: Bernstein; Parker; and T. Smith IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of Orange County Sanitation District this 26th day of July 2017. Q J-( 1, -- Kell A. r MC Cle of a Board of Directors Orange unty Sanitation District 1255677.1 OCSD 17-13-3