HomeMy WebLinkAboutRes2004-037
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Sponsored by: Shealy
CITY OF SEWARD, ALASKA
RESOLUTION 2004-37
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, AMENDING THE PARTICIPATION AGREEMENT WITH THE
STATE OF ALASKA PUBLIC EMPLOYEES RETIREMENT SYSTEM
(PERS), EXCLUDING ELECTED OFFICIALS OF THE CITY OF SEWARD
FROM PARTICIPATION IN THE PERS FOR ALL OFFICIALS ELECTED
TO OFFICE AFTER MARCH 22, 2004
WHEREAS, prior to August 20, 2000, all compensated elected officials were automatically
included in the Public Employees' Retirement System (PERS), per Alaska Statute; and
WHEREAS, during the 2000 legislative session, House Bill 335 was passed and signed into
law, amending AS 39.35.125 (a), giving political subdivisions the right to determine whether ornot
to include elected officials in the PERS system; and
WHEREAS, the elected officials ofthe City of Seward have historically been participants in
the PERS system unless they individually waived their right to participate, and the City has paid the
appropriate premiums to PERS to cover their participation; and
WHEREAS, the rationale for covering elect ed officials in the PERS has generally been the
expectation that the retirement benefits accrued to elected officials would be nominal, and
commensurate with their years of service with the City; and
WHEREAS, since PERS regulations base an individual retiree's retirement benefits on a
combination of years' of service and the three highest years' earnings, it is possible for an elected
official to later assume a paid position and then qualify for a significant retirement benefit and
medical benefits, the liability for which would be assessed to the City of Seward and could total in
the tens of thousands of dollars; and
WHEREAS, the City Council is required to pass a Resolution in order to modify the
participation agreement with PERS.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. Pursuant to AS 39.35.550 et seq. the City Council of the City of Seward (182)
hereby requests that the elected officials of the City of Seward be excluded from the Public
Employees' Retirement System of Alaska, for all elected officials elected to office after March 22,
2004.
CITY OF SEWARD, ALASKA
RESOLUTION 2004-37
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 22nd
day of March, 2004.
THE CITY OF SEWARD, ALASKA
C': J701J;;/ ~
C. David Brossow, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Shafer, Branson, Dunham, Amberg, Brossow
Clark, Valdatta
None
None
ATTEST:
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City Clerk
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