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RES 2013-024CITY OF SOUTH LAKE TAHOE RESOLUTION NO. 2013 -24 RESOLUTION AUTHORIZING CITY MANAGER TO SIGN CERTIFICATION OF MEMORANDUM OF UNDERSTANING IMPAIRMENT RELATIVE TO CALPERS COST SHARING WHEREAS, the City of South Lake Tahoe (the "City ") contracts with the California Public Employees Retirement System (CaIPERS), and WHEREAS, the City of South Lake Tahoe employees are currently represented by labor groups and have Memorandum of Understanding contracts that expire in September 2013 or September 2014; and WHEREAS, pursuant to the Public Employees Pension Reform Act (PEPRA) the City must determine if the new formula to calculate the member cost share would be an impairment to the current Memorandum of Understanding contracts; and WHEREAS, the City has determined that such impairment exists; NOW THEREFORE, BE IT RESOLVED, that the City Council hereby authorizes the City Manager to sign the Certification of Memorandum of Understanding Impairment on behalf of the City and submit to CalPERS. PASSED AND ADOPTED by the City Council of the City of South Lake Tahoe at a meeting on March 19, 2013 by the following vote: AYES: Councilmembers DAMS, COLE, CONKER, LAINE & SWANSON NOES: Councilmembers ABSTAIN: Councilmembers ABSEN -T-, Councilmembers lessi, City Clerk �TN F� C n >m Davis, Mayor