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HomeMy WebLinkAbout23 - Authorizing an Amendment to the City's Contract with CaIPERS to Eliminate Section 20516(a) Cost Sharing for Citywide Miscellaneous Tier I Employees - Ordinance PostingCITY OF NEWPORT BEACH PUBLIC NOTICE ORDINANCE SUMMARY NOTICE IS HEREBY GIVEN NOTICE IS HEREBY GIVEN that at its regular meeting on September 9, 2025, the City Council of the City of Newport Beach, California, approved the second reading and adopted an Ordinance entitled: ORDINANCE NO. 2025-21 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Since 2007, Tier I miscellaneous employees have contributed an additional 2.420% of the employer's share of pension costs to the California Public Employees' Retirement System (CaIPERS) under a cost -sharing provision pursuant to Government Code Section 20516(a), in addition to their statutory 8% member contribution. Following recent labor negotiations, the City of Newport Beach has reached, or is in the process of finalizing, agreements with most employee groups to reduce or eliminate this cost -sharing contribution. Employees will, however, remain responsible for their statutory 8% member contribution. CaIPERS has advised that eliminating cost sharing under Section 20516(a) requires a contract amendment. On July 8, 2025, the City Council approved Resolution No. 2025-43 to initiate this amendment process. Subsequently, on July 22, 2025, the Council approved Resolution No. 2025- 48, adopting a resolution of intention to proceed with the proposed contract amendment. As the next step, a proposed ordinance is being presented to the City Council to formally implement these changes. Ordinance No. 2025-21 was approved by the following vote: AYES: COUNCILMEMBERS: Barto, Grant, Kleiman, Stapleton, Weber and Weigand NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Blom RECUSED: COUNCILMEMBERS: None The ordinance will become effective 30 days after adoption date. A copy of the above ordinance is available at the City Clerk's Department, 100 Civic Center Drive, Newport Beach, California or by calling (949) 644-3005. Published by: The Daily Pilot Publication Date: September 13, 2025 s/s Molly Perry, Interim City Clerk dos .Angeles Time's l E D I G R O U P PROOF OF PUBLICATION (2015.5 C.C.P.) STATE OF CALIFORNIA County of Orange I am a citizen of the United States and a resident of the County aforesaid; I am over the age of eighteen years, and not a party to or interested in the action for which the attached notice was published. I am a principal clerk of the Newport Harbor News Press Combined With Daily Pilot, which was adjudged a newspaper of general circulation on June 19, 1952, Cases A24831 for the City of Newport Beach, County of Orange, and State of California. Attached to this Affidavit is a true and complete copy as was printed and published on the following date(s): Sep 13, 2025 I certify (or declare) under penalty of perjury that the foregoing is true and correct. Dated at Fountain Valley, California on this 17th day of September, 2025. [sig ature] 10540 Talbert Avenue Fountain Valley, CA 92708 8007882 - Newport Harbor News Press Combined With Daily Pilot Page 1 of 2 Us Aime =�w a ME DI - GROUP CITY OF NEWPORT BEACH PUBLIC NOTICE ORDINANCE SUMMARY NOTICE IS HEREBY GIVEN that at Its regular Sold To: meeting on September 9, 2025,the City Council of ew City of Newport Beach - CA11072031 the City of Newport Beach, California, approved y {� the second reading and adopted an Ordinance 100 Civic Center Dr entitled: Newport Beach,CA 92660-3267 ORDINANCE Na.2azs-21 Bill To: AN ORDINANCE OF THE CITY COUNCIL OF THE City of Newport Beach - CA11072031 CITY OF NEWPORT BEACH, CALIFORNIA, 100 Civic Center Dr AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF Newport Beach,CA 92660-3267 THE CITY OF NEWPORT BEACH AND THE BOARD OF ADMINISTRATION Of THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Since 2007. Tier l miscellaneous employees have contributed an additional 2420% of the employer's share of pension costs to the California Public Employees' Retirement System (CAPERS) under a cost -sharing provision pursuant to Government Code Section 20516{a), in addition to their statutory 8% member contribution. Following recent labor negotiations, the City of Newport Beach has reached, or is in the process of finalizing, agreements with most employee groups to reduce or eliminate this cost -sharing contributlon. Employees wJll, however, remain responsible for their statutory .9% member contribution. CaIPERS has advised that eliminating cost sharing under Section 20516(a) requires a contract amendment. On July 8, 2025, the City Council approved Resolution No, 2025-43 to initiate this amendment process. Subsequently, on July 22. 2025, the Council approved Resolution No. 2025- 48, adopting a resolution of intention to proceed with the proposed contrbct amendment- As the next step, a proposed ordinance is being presented to the City Council to formally implement these changes. Ordinance No. 2025.21 was approved by the following vote - AYES: COUNCILMEMBERS: Saito, Grant, IOaimanr Stapleton, Weber and Weigand NOES CduNCILMEMSERS: None ABSENT: COUNCILMEMBERS: Blom RECUSED- COUNCILMEMBERS- None The ordinance will became effective 30 days after adoption date- A copy of the above ordinance is available at the Co Clerk's Department, 100 Civic Center Drive, Newport Beach, California or by calling (Sm91644.3oos. Published by: The Daily Pilot Publication Date: September 13, 2025 sfs Molly Perry, Interim City Clerk 8007882 - Newport Harbor News Press Combined With Daily Pilot Page 2 of 2