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11-245 RESOLUTION NO. 11-245 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE ESTABLISHING A 2ND BENEFIT TIER FOR EMPLOYEES HIRED ON OR AFTER DECEMBER 6, 2011 WHEREAS, the City of Menifee (City) has the authority to implement Government Code Section 20691; and WHEREAS, the City will establish a 2nd benefit tier for employees who are hired on or after December 6, 2011; and WHEREAS, the City will reduce the contribution paid to California Public Employees Retirement System for the employee portion of contribution. NOW, THEREFORE, the City Council of the City of Menifee resolves and orders as follows: Section 1. The recitals set out above are true and correct. Section 2. Effective December 6, 2011, the City of Menifee will establish a 2"d benefit tier for employees who are hired on or after December 6, 2011. Section 3. Effective July 1, 2012, new employees who were hired on or after December'6, 2011 will pay 3% of the employee portion of the PERS contribution. Effective July 1, 2013, new employees who were hired on or after December 6, 2011 will pay 6% of the employee portion of the PERS contribution. Effective July 1, 2014, new employees who were hired on or after December 6, 2011 will pay 8% of the employee portion of the PERS contribution. Section 4. The City Manager is directed to take the necessary actions to implement this Resolution. PASSED, APPROVED and ADOPTED this 6th day of December, 2011. QL:f;-:� t 4 2 _� Wallace W. Edgerton, Mayor Attest: Approved as to form: Kathy Bennett, City Clerk Jose Letcher, y ttorney Wallace W. Edgerton STATE OF CALIFORNIA ) Mayor COUNTY OF RIVERSIDE ) ss CITY OF MENIFEE ) John V.Denver Mayor Pro Tem I, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the Darcy Kuenzi foregoing Resolution No. 11-245 was duly adopted by the City Council of the City Councilmember of Menifee at a meeting thereof held on the 6`" day of December, 2011 by the following vote: Thomas Fuhrman Councilmember Ayes: Denver, Edgerton, Fuhrman, Kristjansson, Kuenzi Sue Kristiansson Noes: None Councilmember Absent: None Abstain: n None Kathy Bennett, City Clerk 29714 Haun Road Menifee,CA 92586 Phone 951.672.6777 Fax 951.679.3843 www.cityofnnenifee.us