HomeMy WebLinkAboutResolution 03-14 03/17/2003
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RESOLUTION No. 03-14
City Of Springfield
Appeal of Emplo):'er Rate for Public Employees Retirement System
WHEREAS, eight public employers brought suit against the Oregon Public
Employee Retirement System in Marion County Circuit Court and;
WHEREAS, those employers claimed they were being overcharged in the
calculation of employer contribution rates; and
WHEREAS, Judge Paul Lipscomb has returned the case to the Oregon Public
Employee Retirement System Board with instructions to update employee mortality
tables, issue new employer rate orders for 1998 and 2000 and make a new earnings
allocation order for the 1999 investment year; and
WHEREAS, the Oregon Public Employee Retirement System Board has yet to
comply with these instructions; and
WHEREAS, the Oregon Public Employee Retirement System Board adopted
employer rates at its February 11,2003 regular meeting; and
WHEREAS, the proposed employer rate increases would be less if the Board had
complied with Judge Lipscomb's instructions;
NOW, THEREFORE, the City Council of the City of Springfield authorizes the
League_oJ QI~gOlLCitiesJo coordinate th~lilinKof fU!app-eal on the Ci!y's be_half,.
through outside counsel, from the rate increase received from PERS.
Dated this 17th day of March 2003
REVIEWED & APPROVED
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DATE:----3U~~
OFFICr; OF CITY ATTORNEY