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Home My WebLink About2008 Ordinance No. 036• • • ORDI NA CE NO .~ SE RIES OF 2008 DY AU TH ORIT Y COUNC LL BILL 0 . -1 2 INTR ODUCE D BY CO UNC IL MEMBER MOORE AN ORDLNA N E AME NDING TIT LE 3, CHAPT ER 4, Si:CTION 6, SUBSEC flON I, OF TH E ENGLEW OO D MVI\ICIP AL COD E 2000, PERTAINING TO THE NO NEM ERGEN CY EMPLOYE E RETLREM ENT PLAN (NERP). WHEREAS , thi s change is requested becau se there are empl oyees wh o earned n vested benefit in the NonEmergcncy Empl oyee Retirement Plan (NERP) and ei1her opted into the money purcha se plan in 1987 or wc,e prom oted and changed plans and under the current language in th e Eng lewood Municip al Code arc not all owed to receive their benefit if th ey continue working for the City beyond Normal Retirement Age; and WHEREAS, changes to the NonEm<"gcncy Empl oyee Retirement Plan (Nl,;RP) will allow deferred vested pa rti cipant s to collect their pension benefit s even if they continue working for the City . NOW , THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO , AS FOLLOWS : ~\Qul. ·n,e City Council of the City of Englewood , Colornd o herby authorizes amendin g Tille 3, Chapter 4, Sectio n 6, Subsection I, of the Englewood Municipal Code 2!100 to read as follows: 3-4 : CITY OF ENGLEWOOD NONEMERGENCY EMPLOYEES RETIREMENT PLAN AND TRUST AS AMENDED ANI) RESTATED EFFECT I VE JANUARY I , 1999. 3-4-6: Retirement I ates. 3-4-6-1: Normal Rel cmcnt. All permanent, full-time Em , yees of the Cil y shall ~ccomc on e hundred pcrcenl (100%) ves ted upon attainm ent ofthdrNimnn l Retirement Age and mny reti re nt nny time thcrcaflcr. ~•e date of .-elire ,mml untter 1he tJF0vi si0as ab o• e shnll he 1he HFSt dny efthe li,st menth KIiie iug the meuth in hieh ""eh I,'"l'k,Y•• a@tunlly retir•• lfe"' the •m11 lejme111 efthe City . The effecti ve date of retirem ent under the uro visi ons obove shull be the fir st da Y,,Of,J b..c fiul,,nlOD th fo ll ow inv th e month in whi ch such Emol ovcc ~ Ac LUallv retires from cmnl ovmcnt with th e Cit~,.Qt HnUUn in ed Nonna! Re tire ment Ag~ -1 - 9 b iv .L Is n nan-time Vested Member cmolovee of thc,,,Ci1Y.w; ~ Has ceased to ca m Cred it ed Seryice du e 10 th e on oli cnti on of sec ti on 3-4-4::l Sectio n 2. This Ordin ance shall be effecti ve for those emplo yees wh o meet the qualificatio ns on January I. 2008 and after . Sec ti on 3. Safety Clau ses. The City C~un ci l hereby find s, de1em1 ines, and decl ares th at thi s Ordi nance is promulgated under the genera l police power of the City of Englewood , that it is promulgated fo r the health, safety , and welfare of the publi c, and that this Ordinance is necessary for the preservation of health and safety and for the protection of public convenience and welfare . The City Council further determines that the Ordinance bears a rational relation to the prop er legi slative object sought to be obtained . Section 4. Severability. If any clause, sentence, paragraph , or part of this Ordinance or the app licat ion thereof to any person or circumstances shall for any reaso n be adjudged by a court of competent jurisdiction invalid, such judgment shall not affect , impair or invalidate the remainder of this Ordinance or its app lication to other person s or circumstan ces . Section 5. Inconsistent Ordinances . All other Ordinances or portions thereof inconsistent or conflicting with this Ordinance or any portion hereof are hereby repealed to the extent of such inconsistency or conflict . Section 6. Effect of repeal or modification . The repeal or modification of any provi sion of the Code of the Ci ty of Englewood by this Ordinance shall not release , extinguish, alter , modify, or change in whole or in part any penalty, forfeiture , or liability, either civil or criminal, which sha ll have been incurred under such provision, and each provision shall be treated and he ld as st ill remaining in force for the purposes of sustaining any and all proper acti ons , suits , proceedings , and prosecutions for the enforcement of the penalty, forfeiture, or liability, as well as for the purpo se of susta ining any judgment , decree, or order which ca n or may be rendered, entered , or made in suc h act ions, suits, proceedings, or prosecutions. Section 7. Penalty . The P.na ll y Provi sio n of Section 1-4-1 EMC shall app ly to eac h and every vio lati on of thi r Jrdinancc. Introdu ced, rca >. m full , and passed on first reading on the 7~ day of Jul y, 2008. -2 - • • • • • • Publi shed as a Bill for an Ord inance on the 11th day of Ju ly, 2008 . Read by title and passed on final reading on the 2 1st day of July , 2008. Publi shed by title as Ord in ance No ~, Series of 2008 , on th e 25th day of Jul y, 2008 . -3 - • • • COUNCIL COMMUNICATION Date : Agenda Item : Subject : A Bill fo r an Ordinance am ending th e Jul y 7, 2008 9 a 1v NonEm erge ncy Empl oyee Retirem ent Pl an to all ow d efe rr ed ves ted parti cipa nts to reti re and coll ect pensio n b enefits eve n if th ey elec t to continu e working fo r the City lnil ia ted By: I Staff Source : D epartment of Fin ance and Adminis trati ve Serv ices Frank Gryglewicz, Directo r COLINCIL GOAL AND PREVIOUS COUNCIL ACTION Th e City Co uncil dis cuss ed this topic w ith staff at the Study Session held Jun e 16, 2008. Coun ci l requ ested staff prepare a Bill for an Ordinance making th e nece ssa ry changes to th e N o nEm ergency Emp loyee Retirem.nt Plan (NERP) th at w ill all ow deferred ves ted pa rt ici pants to coll ec t th eir pensi o n benefits ev en if th ey continue w orking for th e City of Englewood . RECOMMENDED ACTION St aff recommends City Co uncil approve the atta c hed Bill for ar Ordinance making cha, ,g es to Sec ti on 3-4-6· 1 of th e En glewood Municipal Cod e. Th e chan~e s ar e as fo ll ows: The effective date of retirem ent under th e prov isi ons above sh all be th e first day of th e first m o nth foll o wing th e month in w hi ch su ch Empl oyee eith er: A . ac tu all y retires fr om employment w ith the City, o r B. has attain ed Normal Retirement Age and 1. is a p art-tim e Ves ted M ember o f th e Ci ty, o r 2 . has cease d to ea rn C redited Serv ice du e to th e app li ca ti o n of sec ti o n 3-4-4-4. BACKGROUND , ANALYSIS, ANO ALTERNATIVES IDENTIFIED Staff b eca m e awa re of th is iss ue after reviewing th e Englewood Municip al Code. Th is chan ge is requ es ted b ecau se th ere are employees who ea rn ed a ves ted benefit in th e NERP and either opted into the mo ney purcha se plan in 1987 o r were pro mo ted and change d plans and under the current lan guage in the Code are no t all owed to receive their benefit if th ey contin ue work ing for th e City. Th e prop ose d changes all ow an empl oyee w ho m ee ts all th e requirem ents to receive th eir reti re m en t b enefi t, rega rdl ess if th ey leave City employment o r not. • FINANCIAL IMPACT • • Whil e this ac tion should nol require th e City of Englewood 10 make additi onal contributions to th e NE RP, th ere w ill be actuar ia l ga ins fo regone beca us e the pension p aym ents th at would oth erw ise be retai ned by th e Plan will be paid 10 retirees. LIST OF ATTACHMENTS Bill fo r an Ordinan ce