Certification of Compliance With
Government Code Section 20903
www.calpers.ca.gov
888 CalPERS (or 888-225-7377)
TTY: (877) 249-7442
In accordance with Government Code section 20903 and the contract between the Public Employees' Retirement System, the City Council of the City of Commerce hereby certifies that:
1. Because of an impending curtailment of, or change in the manner of performing service, the best interests of the agency will be served by granting such additional service credit.
2. The added cost to the retirement fund for all eligible employees who retire during the designated window period will be included in the contracting agency's employer contribution rate for the fiscal year that begins two years after the end of the designated period.
3. It has elected to become subject to section 20903 because of impending mandatory transfers, demotions, and layoffs that constitute at least 1 percent of the job classification, department, or organizational unit, as designated by the governing body, resulting from the curtailment of, or change in the manner of performing, its services.
4. Its intention at the time section 20903 becomes operative is to keep all vacancies created by retirements under this section or at least one vacancy in any position in any department or other organizational unit permanently unfilled thereby resulting in an overall reduction in the work force of such department or organizational unit.
THEREFORE, the City Council of the City of Commerce hereby elects to provide the benefits of Government Code section 20903 to all eligible members who retire within the designated period, __________
through ________ _
Attest:
Clerk/Secretary
CalPERS-2yr Certification-PA
CITY COUNCIL
OFTHE
CITY OF COMMERCE
BY _____________ _
Presiding Officer
EXHIBIT E
California Public Employees' Retirement System
Financial Office I Pension Contracts and Prefunding Programs Division P.O. Box 942703, Sacramento, CA 94229-2703
Jl. CalPERS