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Item 08 2025-00421 Ordinance Authorizing Amendment to the Contract between the City of Sacramento and the CalPERS (Passed for Publication 01.28.2025; Published 01.30.2025)

Sacramento City Council
February 4, 2025

Document
Item 08 2025-00421 Ordinance Authorizing Amendment to the Contract between the City of Sacramento and the CalPERS (Passed for Publication 01.28.2025; Published 01.30.2025)
Meeting
February 4, 2025
Body
Sacramento City Council
Pages
2
Original file
685 KB
Text extracted from the city's file for reading and search. Open the original on sacramento.granicus.com. That file is the official record.

City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2025-00421 2/4/2025 Discussion Item 8.

Ordinance Authorizing Amendment to the Contract between the City of Sacramento and the California Public Employees’ Retirement System (Passed for Publication 1/28/2025; Published 1/30/2025)
File ID: 2025-00421
Location: Citywide
Recommendation: Adopt an Ordinance amending the contract between the City of Sacramento and the Board of Administration of the California Public Employees’ Retirement System.

Contact: Samantha Hardy, HR Manager, (916) 808-7657, [email protected], Department of Human Resources
Presenter: Samantha Hardy, HR Manager, (916) 808-7657, [email protected], Department of Human Resources
Attachments:
1-Description/Analysis
2-Ordinance
3-Exhibit A (CalPERS Amendment)
Description/Analysis
Issue Detail: On August 20, 2024, City Council approved a resolution to initiate the California Public Employees’ Retirement System (CalPERS) contract amendment process to include retirement cost sharing per the Personnel Resolution Covering Unrepresented Officers and Employees (Unrep Reso).

On January 28, 2025, City Council reviewed the ordinance to amend the contract between CalPERS and the City of Sacramento and approved a resolution of intention to continue the contract amendment process. As required, the affected CalPERS classic members covered by the Unrep Reso have completed their vote for the contract amendment process to continue.

The adoption of this ordinance is the final step in the process of amending the City’s contract with

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File ID: 2025-00421 2/4/2025 Discussion Item 8.

CalPERS to include the cost sharing for Classic members as outlined in the Unrep Reso.

Policy Considerations: Passing the ordinance finalizes the process required to amend the City’s CalPERS contract to include cost sharing for CalPERS Classic members as outlined in the Unrep Reso.

Economic Impacts: None.

Environmental Considerations: This report concerns administrative activities that will not have a significant effect on the environment and does not constitute a “project” as defined by CEQA [CEQA guidelines Sections 15061(b)(3); 15378(b)(2)].

Sustainability: There are no sustainability considerations applicable to this action.

Commission/Committee Action: None.

Rationale for Recommendation: The ordinance is required to amend the City’s contract with CalPERS.

Financial Considerations: Savings from cost sharing were already included in costs associated with the Unrep Reso.

Local Business Enterprise (LBE): Not Applicable.

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ORDINANCE NO.

Adopted by the Sacramento City Council
Date Adopted

AN ORDINANCE AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY OF SACRAMENTO AND THE CALIFORNIA PUBLIC EMPLOYEES’

RETIREMENT SYSTEM

BE IT ENACTED BY THE COUNCIL OF THE CITY OF SACRAMENTO
SECTION 1.

An amendment to the contract between the City Council of the City of Sacramento and the Board of Administration of the California Public Employees’ Retirement System is authorized. A copy of the amended contract attached to this ordinance as Exhibit A.

SECTION 2.

The Mayor of the City of Sacramento is authorized, empowered, and directed to execute the amended contract for and on behalf of the City of Sacramento.

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