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20120821 Late CorrespondenceCity Hall East 200 N.Main Street Room 800 Los Angeles,CA 90012 (213)978-8100 Tel (213)978-8312 Fax CTrutanich@lacity.org www.Iacity.orgiatty AND MADE A PART OFltHE RECORD AT THE COUNCIL MEETING OF~02?M/~ OFFICE OF THE C Y CLERK CARLA MORREALE,CITY CLERK RECEIVED FROM AnA .."III'•September 22,2011 Mr.Anthony G.Patchett,Esq. Law Offices of Anthony G.Patchett P.O.Box 5232 Glendale,California 91221-1099 Thank you for your letters expressing various concerns regarding the Rancho,LPG facility located in San Pedro (hereinafter "Rancho Facility").To summarize your primary issues,you have requested that this Office seek an injunction in Superior Court against this privately~owned Facility, as well as raised questions relating to the City's previous environmental review of the Facility and related pipelines.Separately,you sent a letter to the President of the Los Angeles Board of Harbor Commissioners,who has forwarded it to this Office for response.Lastly,you recently alleged that there is a conflict of interest in the Office of the Los Angeles City Attorney that purportedly would preclude this Office from further reviewing these matters.I respond to all of these issues below, after a brief discussion of the relevant background facts,as I currently understand them. Obviously,City Attorney Carmen Trutanich takes any allegations of potential threats to public safety very seriously.As a former environmental crimes prosecutor,and current City Attorney, who has successfully prosecuted,and continues to prosecute,environmental violations and polluters,City Attorney Trutanich is fully committed to undertake every effort within the power and authority of his Office and the law to investigate,prosecute,abate and remediate any actual or potential threats to the residents of this City.'With that commitment in mind,on Friday,August 26, 2011,the City Attorney personally visited and toured the Rancho Facility over the course of three hours to inspect and review its operations.Drawing upon his decades of environmental and regulatory experience,the City Attorney directly questioned the Facility's operators regarding any potential threats to public safety,including those raised in both your letters and from others in the community. I As you are aware,1 have also served as a local,state and federal environmental crimes and workplace safety prosecutor for nearly 25 years,and once served as Assistant Secretary for Law Enforcement and General Counsel for the California Environmental Protection Agency ("Cal/EPA"). I.Overview As you are aware,there is a lengthy regulatory and permitting history at the Rancho Facility, including its'interactions with the community.I will attempt to summarize my current understanding of the Facility's relevant history. A.City's Past and Current Involvement with the Rancho Facility. The Rancho Facility property was originally acquired in fee simple by Rancho's predecessor, Petro lane,and developed into a liquid bulk tank facility pursuant to an environmental impact report (EIR)certified in 1973 under the California Environmental Quality Act by the City of Los Angeles as lead agency.There were no legal challenges to the EIR at that time and the project was therefore approved. On JUly 1,1974,the Los Angeles Harbor Department entered into Revocable Permit No.1212 for the construction and operation of a railroad spur track.On May 27,1974,the Los Angeles Harbor Department entered into Permit No.263 with Rancho's predecessor,Petrolane,for subsurface pipelines on Harbor Department property,which was subsequently terminated in October 2010.The Harbor Department had previously terminated the use of Berth 120,closing down the ocean shipping operation. Rancho currently possesses Harbor Department Revocable Permit No.10-05 dated February .23,2011,which authorizes a right of way for a railroad spur --the same one permitted under the 1974 Permit No.1212.The railroad spur is one section of railroad used by the Pacific Harbor Line. The City does not own or lease the property comprising the Rancho Facility. B.Other Federal,State and Local Agencies. The most serious concerns that you and the community members have raised obviously relate to the potential risk of explosion resulting from operations occurring on the premises of the Rancho Facility.For that precise reason,the Rancho Facility is heavily regulated by many local,state and federal regulatory and enforcement agencies,including,but not limited to,the following:U.s. Department of Homeland Security,U.S.Department of Transportation,U.S.Environmental Protection Agency (EPA),U.S.Department of Occupational Safety and Health Administration, CaI/EPA,California Emergency Management Agency,California Department of Toxic Substances Control,the South Coast Air Quality Management District,the Los Angeles County Fire Department,the City of Los Angeles Fire Department,the Los Angeles Police Department,and the City of Los Angeles Bureau of Sanitation Industrial Waste Management Division among others. These agencies have the regulatory authority to issue applicable permits,review,assess and require safety procedures and protocols,as well as the enforcement authority over the operation of such facilities should they fail to comply with any applicable environmental,public safety and other requirements. C.Technical Analysis of Faciliry Risk. The concerns expressed in Dr,Miller's note (included in your letter)and in the Cornerstone Quantitative Risk Analysis (Attachment A),have been provided to the EPA's Risk Management Plan Enforcement Unit,which is an agency responsible for determining the acceptable level of risk for the Rancho Facility.In direct response to these concerns,the EPA engaged Michigan 2 Technological University's Department of Chemical Engineering to conduct essentially a peer review'of the Cornerstone Risk Analysis and Rancho's assertions (Attachment B)regarding the potential risk that the location poses to the community.The independent expert opinion from Michigan Tech is noteworthy (Attachment C).In sum,the Michigan Tech Report states that the Rancho Facility has design features that significantly reduce the risk the Facility poses to the community.The Report further notes that any analysis that does not recognize and analyze these features "...will not have a meaningful result and will very likely dramatically overestimate the consequence and risk."(Michigan Tech Report,2 emphasis added).'Specifically,according to the Michigan Tech Report,these design features at the Rancho Facility include: 1.The butane is stored in refrigerated storage vessels at a temperature of 28°F,below the normal (1 atm)boiling point of 31.1°F. 2.A remote impoundment area exists a short distance from the storage vessels to collect and contain any liquid that is discharged during an emergency situation. '3.The storage vessels are insulated,low pressure,vertical storage vessels.(Michigan Tech Report,2). Accordingly,Professor Crowl,the author ofthe Michigan Tech Report,concludes: "...the design features I ...discussed [those listed above]dramatically reduce the accident consequences and risk.If these features are not included in the QRA,the consequences of an accident and subsequent risk will be substantially overestimated. It is clear to me that the Cornerstone Technologies report did not include these design features in their analysis and as a result they overestimated the consequences of an accident scenario and over-predicted the risk."(Michigan Tech Report,4). It appears that the note from Dr.Miller does not reflect the hereinabove-described low pressure/temperature method in which butane is stored in the subject tanks at the Rancho Facility. Consequently,Dr.Miller states that: "[b]utane must be stored at elevated pressure.The pressure within the tank varies according to temperature.Pressure is needed to maintain the butane in a liquid state.At 68 degrees F;the tank pressure is approximately 16 pounds per square inch (PSF)greater than atmospheric pressure."(Patchett letter dated August 24, 2011,page,2). It is therefore my understanding that,contrary to Dr.Miller's assertions,the Rancho Facility uses refrigerated,low pressure insulated tanks that maintain the butane in a liquid state at 28°F. (Michigan Tech Report,3).Nor does Dr.Miller's note mention the existence of the remote impoundment area or other existing design features that the Michigan Tech Report emphasized are critical to a complete and accurate risk analysis. Michigan Tech's Professor Crowl also discusses Rancho's existing design features, including its use of refrigerated tanks,to conclude that the potential for a disastrous boiling liquid expanding vapor explosion (BLEVE)"is not possible"at that Facility's storage tanks.Specifically, in opining that such an explosion is p.ot physically possible,Professor Crowl states in pertinent part: 3 "The remote impoundment area also decreases the consequences of an accident and decreases the risk.Any liquid butane that leaks out of the storage vessels or associated piping is drained away from the storage vessels to the impoundment area.This decreases the accident consequences in the following two ways.First, the impoundment area is remote from the storage vessels.·Thus,if the impoundment ar~a fills with butane and catches on fire,the storage vessels will not be directly exposed to this fire.This is important since a storage vessel exposed to fire might eventually fail.Second,the impoundment area reduces the surface area of the potential pool decreasing the evaporation rate of the butane. The North Gaffey Street facility storage vessels are also insulated.This is used to reduce the heat transfer to the butane from the outside of the tanks to reduce the refrigeration load required to keep the butane at 28°F.It also decreases the consequences of an accident by providing addition (sic)fire protection in the event of an external fire.The insulation decreases the heat transfer to the butane liquid from the external flames. The storage vessels are also low pressure storage vessels.This means that a BLEVE -boiling liquid expanding vapor explosion -is not possible.A BLEVE requires a high pressure storage vessel."(Michigan Tech Report 3-4). As you know,the City Attorney's Office does not have the authority nor the resources to directly employ in-house technical personnel having the capability to respond to the direct technical questions raised in your letters..However,during my inspection of the Rancho Facility,I challenged its operators to address each and every question and concern found in your letters based purely upon scientific evidence.(Attachment D).I welcome and would greatly appreciate your thoughts and those of others to their responses. This Office has also reviewed the results of all recent inspections conducted by the above- mentioned government regulatory agencies charged with the oversight of the Rancho Facility. More specifically,I have been advised that on May 12,2011 1 an environmental strike force conducted an unannounced inspection of the Facility.The task force members included Cal/EPA's Department of Toxic Substances Control,the South Coast Air Quality Management District,the Los Angeles County Fire Department,the City of Los Angeles Fire Department,and the Los Angeles Industrial Waste Management Division.The surprise inspection included: 1.Review of air permits; 2.Compliance with Department of Toxic Substance Control regulations regarding toxic substances; 3.A physical audit of hazardous waste storage and handling procedures and associated permits; 4.Review of emergency plans;and 5.A physical inspection of the entire facility. It is my understanding that this inspection found no violations at the Rancho Facility. Similarly,I understand that on August 9,2011,the Federal Department of Transportation Federal Railroad Administration (FRA),conducted a hazardous materials inspection at the Facility.The 4 FRA inspected security plans,security training,hazmat training,and other elements of the Facility's operations and also apparently found no violations. The foregoing information is the general,relevant evidentiary backdrop in which you have requested this Office to file an injunction against the Rancho Facility,as well as contend that further environmental review is required by the City of Los Angeles. II.The Ultrahazardous Standard for Tort Liability Does Not Apply Where,as Here,No Harm has Occurred As you recognize in your letter,the Rancho Facility has been in business,in various forms,at its current location on Gaffey Street in San Pedro since the 1970s.Your letter also asserts that its business activities are "ultrahazardous,"as defined in Section 520 of the Restatement Second of Torts,and contends that such activities can be enjoined on that theory.However,your letter does not provide facts that would support a valid cause of action upon which to seek injunctive relief in the Los Angeles Superior Court.The "ultrahazardous"legal concept is one of tort law.The SKF Farms v.Superior Court case that you have cited defines an "ultrahazardous"activity,but does not obviate proof of the legallyMrequired elements of the underlying tort necessary to obtain legal relief and is therefore,not a legal basis upon which to seek an injunction. As you know,"ultrahazardous"activities can be,and often are,legally permitted and regulated throughout the state.Accordingly,the activity,as shown in the case you cite,is argued to be "ultrahazardous"in a tort action brought after the damage has occurred to determine the appropriate standard of proof (strict liability vs.negligence),not as a basis for halting or enjoining the activity from taking place: "The doctrine of ultrahazardous activity provides that one who undertakes an ultrahazardous activity is liable to every person who is injured as a proximate result of that activity,regardless of the amount of care he uses."(Pierce v.Pacific Gas & Electric Co.(1985)166 Cal.App.3d 68,85 emphasis added). Further,you cite CACI Jury Instruction 460 in support of your position that the Rancho Facility is engaged in ultrahazardous activity and should be enjoined as such,yet that instruction's second element also requires that the plaintiff establish that he/she"...was harmed."(CACI 460). As discussed hereinabove,to date,there has been no demonstration of facts leading to a claim of harm or damage caused as a result of Rancho's activities.Similarly,while there is considerable concern expressed for the possibility of a threat to safety,we have not received any factual information documenting the allegations of unsafe situations necessary to counter the inspection and audit results from any governmental agencies,including those listed hereinabove. Unfortunately,although we recognize the potential threats posed by such operations,and clearly understand and sympathize with the community's sincere and longstanding concerns,without more information and a factual basis,this Office cannot at this time proceed with any legal or enforcement action.Obviously,you may (and are certainly within your rights to)disagree with the current assessment of this Office.As such,if you believe there is any credible evidence of violations at the Facility,you have the right to independently assess and initiate any appropriate civil suit on behalf of your clients. 5 III.Iniunctive Reli~f is Not Available Based on Known Fads It appears from your correspondence that the community's goal is the cessation of all activities and operations at the Rancho Facility.However,as a general matter,injunctions prohibit specific activities that are found unlawful,but would not necessarily shut down a facility unless the entirety of the operation was found unlawful.Therefore,in addition to analyzing potential liability under the "ultrahazardous activity"standard that you proposed,we have reviewed two other legal theories that could serve as the basis for such an injunction,namely:California Business and Professions Code Section 17200 et.seq.,commonly referred to as California's Unfair Competition Law,and a . public nuisance theory under California Civil Code Sections 3479 and 3480.This Office has been very successful in obtaining injunctive relief under both theories in situations involving environmental,workplace safety,health care fraud,slumlords,billboards,gang headquarters,red light abatements,narcotics locations and many other public health and safety violations and nuisances. An irtiunction sought through Business and Professions Code Section 17200 et seq.requires .. an unlawful or unfair business practice -essentially something "...that can properly be called a business practice and that at the same time is forbidden by law."(People v.McKale (1975)25 CaI.3d 626 at 634.)While our Office welcomes new and credible information,we are not aware,at this time,of any conduct on the part of the Rancho Facility that can be considered an unlawful or unfair business practice.As detailed hereinabove,the Facility has been recently inspected by local, state,and federal regulators,who to our knowledge,apparently did not fmd any violations.I know that you,also as a former and well-respected and experienced environmental prosecutor,understand that this Office has a professional responsibility to uphold the law,and that courts have warned prosecutors that "...the unfair competition law is not a roving warrant for a prosecutor to use injunctions and civil penalties to enforce criminal laws.Its application to conduct which violates the penal law is limited to circumstances where such conduct is also a business practice."(People v.E.W.A.P.Inc.(1980)106 Cal.App.3d 315,320). As such,without an underlying violation of the law that constitutes a business practice,a Section 17200 action seeking a permanent injunction does not appear to be legally cognizable at this time.Your letters do not indicate that you are aware of any such violation upon which such an action can be pursued.Furthermore,assuming that there were such an underlying violation of law and that the violation could be considered a business practice sufficient to warrant the filing of a Section 17200 action,any injunction would likely be fashioned to address the specific violation and award civil penalties -not necessarily authorize the complete closure of the Facility. We have also considered a nuisance theory,but found that the Rancho Facility's predecessor, Petrolane,was unsuccessfully sued on both private and public nuisance theories in a case decided in 1980.(See Don Brown v.Petrolane (1980)102 Cal.App.3d 720).More importantly,as mentioned hereinabove,recent surprise inspections conducted by the agencies charged with regulating this permitted Facility apparently found no violations. My Office relies upon the diligent and competent performance of regulatory and law enforcement agencies in developing the technical information and evidence of violations of law upon which we can act.To date,no enforcement agency has provided any information alleging or suggesting any unlawful or dangerous conduct,nor requested in any manner whatsoever that this Office file any form of law suit or enforcement action,including any such action whose object is the 6 cessation of all operations at the Facility.Moreover,as discussed above,the Michigan Tech Report conflicts with the results of the studies upon which you apparently rely. In considering a public nuisance theory,we recognize that there are numerous public nuisance cases brought under California Civil Code 3479 and 3480 against activity which "...interfere[s] with the comfortable enjoyment of life or property ...."(California Civil Code section 3479). California courts have found a wide variety of different activities that constitute a nuisance: offensive odors,the sale of narcotics,loud noises,display of offensive materials,and others.At this time,this Office,however,either through your letters or otherwise,possesses no evidence that any previously recognized nuisance activities are occurring at the Facility.Rather,what is clearly at issue here is the potential for a disaster,combined with our residents'sincere concern relating to that possibility.Unfortunately,I am aware of no California court that has held that fear or concern for future harm alone,no matter how sincere and understandable,is sufficient to constitute a public nuisance and thereby support a request for an injunction of that activity. As I have stated hereinabove,the door to my Office is always open to additional evidence that would change the analysis of the situation.At this time,however,we are not aware of any legal basis ~pon which to bring an action seeking to enjoin any permitted business activities or operations at the Facility. IV.CEQA Comments are Untimely and/or Misinformed Your letters also contend that the City improperly exempted the Rancho Facility from CEQA.Contrary to your claims,the environmental impacts of the Rancho Facility,pipelines,rail line and marine terminal were in fact fully assessed in an Environmental Impact Report certified as compliant with the California Environmental Quality Act by the City prior to approval of the Rancho Facility project (for Rancho's predecessor Petrolane)in 1973.In the very same letter you also referenced and stated that you have reviewed the Petro lane EIR,which clearly covered the Facility: "This project is composed of three elements:first,a marine unloading arm supported on four (4)new piles at the outboard side of existing Berth 120;second,an underground pipe supply line which commences at Berth 120 in Los Angeles Harbor and ends at the terminal facility approximately one mile inland;and third;a storage and distribution terminal facility. The storage and distribution facility is located on the east side of Gaffey Street approximately one and one-third (1 1/3)miles north of the intersection of Gaffey Street and the Harbor Freeway in San Pedro.It occupies a site of approximately 20 acres and is directly opposite a two-tank petroleum storage facility occupied by the Bray Oil Company."(petrolane EIR,p.1). Furthermore,the rail line leading to the Rancho Facility was analyzed and depicted in the site plan in the Petrolane EIR (Petrolane EIR,Figure 2).As such,there is no question that the Rancho Facility and associated rail line were assessed in the EIR.Moreover,the public comment period and legal challenge period for the 1973 Petrolane EIR expired 38 years ago.There is no provision within CEQA that would apply the CEQA standards in 2011 to invalidate an EIR that was certified as compliant with CEQA 38 years earlier.In addition,there is no provision in CEQA mandating a new environmental impact report of the Rancllo Facility at this time in the absence of a new 7 discretionary project proposing a physical change to the Facility and the environment.This Office is not aware of any new such discretionary project at or concerning the Facility. In addition,following the City's 1973 EIR assessment of the Rancho Facility's environmental impacts,the Harbor Department entered into various permits covering Berth 120 and associated pipelines that were previously assessed in the EIR,as described in the EIR excerpt above.The Harbor Commission Board Order 4579 from a 1976 board action referenced in your letter was an amendment to Permit No.263,which governed the pipelines from Petrolane to Berth 120 and was previously assessed in the EIR.This action was found exempt and,as explained above in regard to the EIR itself,the comment and legal challenge period has long since expired.In any event,a challenge at this time is moot in that Permit No.263 was terminated by the Harbor Department in October 2010. Lastly,you have stated in letters to this Office and to Harbor Commission President Miscikowski that the closure of Berth 120 and the pipelines leading to the Rancho Facility caused an increase in truck and rail traffic that should have caused the City to conduct an environmental review.The Harbor Department informs me that the pipelines have not been used since 2004. Consequently,the termination of inactive pipelines in 2010 would have no effect on the environment as it could not have increased rail or truck traffic.More importantly,the termination of both the Berth 120 Permit and the pipelines Permit were within each Permit's terms,did not alter the Permit premises and therefore,did not constitute a new discretionary project subject to CEQA. Furthermore,you request that the Port suspend Rancho's existing use of a rail spur under its existing pennit based upon your opinion that CEQA was not followed in the closing of Berth 120 (which caused the pipelines to the Rancho Facility to become inactive).This Office does not agree with your assertion,as the Port's pennit for the rail spur is an existing use of a previously assessed rail line and exempt pursuant to Article III,Class 1 (3)of the Los Angeles City CEQA guidelines. We also note that the time period to contest the action under CEQA has expired. Moreover,California Code of Regulations Section 15321 that you cite in support of your contention that CEQA was not adhered to in relation to the closure of Berth 120,is actually a Categorical Exemption from CEQA that would exempt both the Port of Los Angeles and the City from having to take the action that you have requested,However,Section 15321 does not apply here,as it relates to regulatory agencies and not an entity such as the Port. V.There is No Conflict of Interest Finally,you allege that this Office has a conflict of interest and therefore,request that the matter be reviewed by the Los Angles County District Attorney's Office.Nowhere,however,do you identify the specific nature of the alleged conflict -making an informed response to your allegation impossible at this time.This Office is aware of no actual or perceived conflict.To the extent that you wish for the District Attorney's Office to investigate the Rancho Facility,we certainly have no objection and openly welcome review by any and all local,state and federal agencies.We do understand,'however,that you have already contacted the District Attorney's Office and that it responded to you on or about October 28,2010,informing you that it was reviewing the matter.I have not been advised of the current status of any such investigation being conducted by the District Attorney's Office. I again state and affIrm that this Office has been,and always will be,willing to review any and all evidence relating to this Facility or any other potential threat to public safety or the environment. 8 However,this Office,as a public law office governed by prosecutorial rules of ethics,as well as the guardian of the public trust and treasury,does not,at this.time,possess any facts or evidence upon which it can justify the expenditure of the significant amount of public resources necessary to commence and maintain a credible lawsuit or any other enforcement action against the Rancho Facility.The receipt of any relevant and credible evidence could obviously change that current posture. I look forward to receiving and reviewing any additional information and materials on this matter,including additional complaint or inspection reports,as well as meeting with residents and other members of the community to fully discuss their concerns and any proposed solutions.Thank you again for your continued attention,commitment and service to the community,and for providing this Office with this very important information. Sincerely, CARMEN A.TRUTANICH City Attorney ~ WILLIAM W.CARTER Chief Deputy City Attorney Attachments cc:Honorable Harbor Commissioners Geraldine Knatz,Ph.D,Executive Director Brian 1.Cummings,Fire Chief,Los Angeles Fire Department Thomas Russell,General Counsel,Harbor Department Janet Jackson,Fire General Counsel Reed Sato,Chief Counsel,California Dept.of Toxic Substances Comrol Brian Hembacher,Deputy Attorney General,California Dept.of Justice 9 KAMALA D.HARRIS Attorney General State of California DEPARTMENT OF JUSTICE ,Anthony G.Patchett Law Office$of Anthony G.Patchett. P.O.Box 5232 . Glendale;CA 91221-1099 October 4,2011 300 soum SPRING STREET,SUITE 1702 LOS ANGELES,CA 90013 ,Public:(213)897-2000 Telephone:(213)897-2638 Facsimile:(213)897-2802 E-Mail:Brian.Hembacher@doj.ca.gov , RE:Letters Concerning Butane Storage Tanles in San Pedro Dear Mr.Patchett: Thank you for your letters of October 14,2010 and April 3 ,2011,wherein you asked our .office to investigate whether the storage by Rancho Holdings L.L.P of liquid butane in very large storage tanles located at 2011 North Gaffey Street in San Pedro,California,should be enjoined as, a public nuisance or as an ultra'hazardous activity.We have looked int~your request. Our investigation included a review of the consultant reports that you supplied to us,"In My Backyard"(Ml:\Tch 7,2011),'anq."Quantitative Risk Analysis of Amerigas Butane Storage Facility"(September 2010)(Risk Report)by Cornerstone Technologies,Inc.We have , .reviewed response's to the September 2010 Risk Report by'Quest Consultants,hired by the facility'operator~and the letter from Professor Daniel Crowl of Mic:pigan Tech to Mary Wesling of the United States Environmental Protection Agency (EPA),dated April 11,2011. Additionally,we have interviewed local and state fue,hazardous substances and health and safety regulators who have recently inspected the premises at 2011 North Gaffey Stre~t.Our understanding is that no violations were found during a May 12,2011 multi-agency inspection of the facility,and that the facility has also been detennined to be in compliance with air emission requirements.We have also been infonned that the facility was inspected by the United States Department of Transportation on August'9,2011,and again,no violation of law or regulations .governiI1;g the handling of hazardous materials was found.Finally,we received a copy of the response from the City Attorney of Los Angeles addressed to you and dated September 22;2011, which responded to your concerns about public nuisance,ultra hazardous activity,and CEQA violations,determining that there was insufficient evidence to talee action at this time. Based on this review,we have determined that the evidence to date would not support a public nuisance claim by the Attorney General's Office,nor have we found evidence that any other law is'currently being violated.We agree with the conclusions in the September 22 letter ~""L fromthe Los Angeles City Attorney's office that there appear to be a number of safety measures \e::AJoLD RECEIVED FROM AND MADE A PART 0 HE RECO~ATJH COUNCIL MEETING OllY~!SL~~~'"1 OFFICE OF THE CI CLERK CARLA MORFlEALE.CITY CLERK October 4,2011 Page 2 at the facility to protect against a cataclysmic event ofthe type described in your letters and your consultant's reports,that the existence of an ultra hazardous activity is only relevant to the burden of proof where a harm has occurred,and that no specific harm has been identified relating to the butarie storage tanlcs.The facility appears to have passed all inspections and is complying with air,hazardous materials,fire .and health and safety requirements promulgated by local,state and federal governments. While we are syrripath~tic to your concerns and those ofthe community given the close proximity ofth~se large butane storage tanks,there is no evidence to support an enforcement action at this time.We remain willing to take another look at this matter if evidence of non- compliance or harm is later discovered. Sincerely,. BRIAN W.HEMBACHER Supervisin~Deputy Attorney General For~LAD.HARRIS Attorney Gene!,al cc William W.Carter,Chief Deputy City Attorney.Los Angeles Vincent Sato,Deputy City Attorney,Los Angeles Reed Sato,Chief Counsel,CaliforniaDep~rtmentof Toxic Substarices Control Michigan Technological University Department of Chemical E~~ineering ---------~--_.- 203 Chemical Sciences and Engineering Building 1400 Townsend Drive Houghton,Michigan 49931-1295 906-487-3132 •Fax 906-487-3213 www.chem.mtu.edu April 11,2011 Ms.Mary Wesling EPCRA!RMP Enforcement Coordinator US EPA Region IX (SFD-9-3) 75 Hawthorne Street San Francisco,CA 94105 Dear Ms.,Wesling, On March 3 I received an email from you requesting that I perform the following services: Evaluate accuracy of four documents with regards to potential damage caused from a worst-case chemical release of butane and/or propane from the Rancho LPG Holdings LLC,(parent Company:Plains LPG,Inc and Plains All American,Inc.)San Pedro,California Terminal, located at 2110 North Gaffey Street,San Pedro,CA.Prepare a report detailing your analysis of the risk analyses detailed in the following documents.Please provide your expert opinion on the validity of conclusions in each report. The documents include: 1)"Quantitative Risk Analysis for Amerigas Terminal;prepared in consideration of Amerigas Propane L.P.;2110 North Gaffey Street,San Pedro,CA 90731"dated September 2010,by Cornerstone Technologies,Inc.Long Beach,CA.(35 pp) [Note:the facility was purchased 3 years ago by Plains LPG,Inc.and has not operated under the Amerigas nanle since purchase.] 2)Letter Report,dated 9/21/10,Quest Consultants,Inc.to Tony Puckett,Plains All Anlerican, Re:Butane Depot Consequence Analysis (12 pp) 3)Letter,dated 10/27/10,Rancho LPG Holding LLC to Mr.Jolm Greenwood,Chair Planning and Land Use Committee,San Pedro CA,Re:Cornerstone Technologies,Inc.'s Quantitative Risk Analysisfor Amel'igas Butane Storage Facility,dated September}2010.(3 pp) 4)Letter Report,dated 10/27/1O~Quest Consultants,Inc.to Ronald Conrow,Rancho LPG Holdings,LLC~Re:Review of Cornerstone Report,QCI Project 6774.(13 pages) During this evaluation I did not receive any additional information beyond what was provided in the reports,not did I have any contact with any of the principals involved. For full disc1osure~I have heard of Quest Consultants in the past.I believe they presented papers at the AICHE Global Congress on Process Safety in the past,which I attend.They also www.mtu.edu We prepare students to create the future. Michigan Technological University Is an equal opportunity educational institution/equal opportunity employer. D.A.Crowl to M.Wesling April 11,2011 Page 2 published a paper in Process Safety Progress in 2009 - I was co~editor of that journal at that time but I cannot recall ifI was assigned this paper.I do not recall ever meeting or talking with any of the Quest folks,but this might have occurred casually during the Global Congress.I have never had a business relationship with Quest,or any meaningful contact with any oftheir employees,that I can recall. I have never heard of Cornerstone Technologies,nor am I aware of having any contact or relationship of any kind with any of the principals involved. I do not have any financial interest or any past or present relationship with Rancho LPG Holdings LLC,or its parent company Plains LPG,Inc and Plains All American,Inc. The North Gaffey Street facility has two very large storage tanks containing liquid butane. This facility has several design features that dramatically impact the quantitative risk analysis (QRA)for this facility.These features reduce the consequences of an accident and tituS reduce the risk.Thus,any QRA procedure that ignores these features will not have a me~gful result and will very likely dramatically overestimate the consequences and risk. These design features are: 1.The butane is stored in refrigerated storage vessels at a temperature of28OP,below the normal (1 atm)boiling point of 31.1 of. 2.A remote impoundment area exists a short distance from the storage vessels to collect and contain any liquid that is discharged during an emergency situation. 3.The storage vessels are insulated,low pressure,vertical storage vessels. I will discuss these features in more detail so that the reader can understand how these design features impact the QRA. Butane at room temperature and pressure is a gas.It is liquefied to decrease the vOlume in order to malce it easier to store and ship.There are two approaches to storing butane as a liquid. In the first approach (pressure case),the butane is stored in a high pressure vessel which exerts adequate pressure on tI1e butane to maintain it in liquid form at room temperature.In this case, to store liquid butane at a temperature of 77°F requires a pressure equal to its vapCilr pressure at this temperature,which is 35.2 psia (20.5 psig =1.4 atm gauge).If a hole develops in the storage vessel below the liquid level,the liquid will be driven out of the hole at a high rate by the high storage pressure in the vessel.Furthermore,since tile butane liquid is stored at a ~emperature above its normal boiling point,a large fraction of the butane liquid will almost instantly flash into vapor as it escapes tIrrough the hole.This vapor will tI1en mix with the surrounding air to form a potentially flammable mixture.Ifthe mixture is ignited,an explosion or fireball will result.This type of accident would have considerable impact on the surrounding area. The second approach (refrigeration case)is to refrigerate the butane to keep the temperature below its nonnal boiling point.Since the refrigeratiol1-not tile pressure ~maintains the butane D.A.Crowl to M.Westing April 11,2011 Page 3 as a liquid,the butane liquid can be·stored in a low pressure vessel.The pressure ip this vessel must be maintained at a pressure equai to or above the vapor pressure of the liquidibutane at 28°P,which is 0.94 atm absolute.A small amount of nitrogen is probably added t~the vapor space ofthe·vessel to maintain the pressure slightly above the outside pressure -for tIus specific butane case the storage vessel pressure is slightly less than 1 psig.If a hole develqps in the tank below the liquid level,the discharge rate of the liquid tIrrough the hole will be smailler than the discharge rate for the pressure case due to the lower pressure in the vessel.Furthennore,none of the butane liquid will flash into vapor until its temperature is increased to its boilil1g point of 31.1 ~.The liquid will drop to the ground and form a pool of boiling butane with the boiling rate determined by the heat transfer from the ground.The boiling·rate for tIus poo~will initially be high since the ground is warm,but the boiling rate will diminish as tile ground ~s cooled by the colder butane.The rate at wlllch butane vapor is formed in this case will be milch less than for the pressure case.Thus,the geometric extent of the vapor cloud will be less,IW the vapor were ignited,the explosion would be smaller.A flash fire and subsequent pool fir¢are more likely. The advantages to tile refrigeration case over the pressure case are:1)the storage rvessel pressure is much lower,resulting in a lower discharge of liquid,and 2)very little of the co1(:1 butane liquid will flash into vapor until it reaches the warmer ground and more will remain as liquid in the boiling pool. The consequences for tile refrigeration case are less tIlan the pressure case becaus~the rate at which butane vapor is produced will be less,resulting in a smaller vapor cloud tha!J.l in the pressure case. Since the consequences ofthe refrigeration case are less,so is tile risk,assuming the probability stays the same. The North Gaffey Street facility uses the refrigeration case, The remote impoundment area also decreases the consequences of an accident anq decreases the risk.Any liquid butane that leaks out of tile storage vessels or associated piping iSidrained away from the storage vessels to the impoundment area.This decreases the accident cOllsequences in the following two ways.Pirst,the impoundment area is remote from the storage "\fessels.Thus, if the impoundment area mls with butane and catches on fIre,the storage vessels Will not be directly exposed to this fire.This is important since a storage vessel exposed to fI~e might eventually fail.Second,tile impoundment area reduces the surface area of the potential pool decreasing the evaporation rate of the butane. The North Gaffey Street facility storage vessels are also insulated.This is used tQ reduce the heat transfer to the butane from the outside of the tanke to reduce the refrigeration load required to keep the butane at 28°P.It also decreases the consequences of an accident by providing addition fire protection in the event of an external fire.The insulation decreases the heat transfer to the butane liquid from tile external flames. D.A.Crowl to M.Wesling April 11,2011 Page 4 The storage vessels are also low pressure storage vessels.This means that a BLEVE -boiling liquid expanding vapor explosion -is not possible.A BLEVE requires a high pre~sure storage vessel. Finally,the storage vessels are vertical storage vessels,rather than more traditiollaf spheres. Spheres have the problem that they must be elevated from the ground,providing 8fl exposed surface at the bottom of the sphere.This exposed surface would have high heat transfer from any ground fires during an accident.For a vertical vessel,with the bottom of the 'fesse1 on the ground,only the outer lower surface of the vessel is exposed to the fire.The expo~ed area is less than the exposed area for the sphere.Thus,the total heat transferred from the fITe ~s less for a vertical vessel than for a sphere. , As I stated earlier,the design features I just discussed dramatically reduce the acc~(lent consequences and risk.Ifthese features are not included in the QRA,then the co~sequences of an accident and subsequent risk will be substantially overestin1ated.! It is clear to me that the Cornerstone Teclmo10gies report did not include these de1ign features in their analysis and as a result they overestimated the consequences of an accident spenario and over-predicted the risk.j I will review each of the scenarios from the Cornerstone Technologies report (rep~rt 1). Alternative Release -Vapor Cloud Explosion #1 This assumes a puncture of the vessel.This in itself is not a likely scenario since the vessel is in a protected area.A more realistic scenario is rupture of a pipe connected to the v~ssel. The scenario also assumes that all of the liquid escaping will vaporize instantly -~physically impossible situation with refrigerated butane as discussed above. Alternative Release -Vapor Cloud Explosion #2 The scenario also assumes that all oftl1e vapor escaping will vaporize instantly -~physically impossible situation with refrigerated butane as discussed above. Alternative Release -Pool Fire #1 In this case the size ofthe pool is very important to estimate the heat load.The Cprnerstone Technologies repOlt does not say anything about the pool size.The size of the popl is limited by the size of the impoundment area.I believe the area of the impoundment area is l~ss than the area ofthe pool used for the Cornerstone Teclmologies calculation.Thus,the vaporization rate of the butane is much too high. Alternative Release -Pool Fire #2 Same issues as Alternative Release -Pool Fire #1 WorstNCase Scenario -Vapor Cloud Explosion #1 This scenario assumes that the entire butane liquid inventory of one tank is instantly vaporized - a phenomenon that is physically impossible.In reality,ifthis were to occur the lnquid would D.A.Crowl to M.Wesling April 11,2011 Page 5 flow into the impoundment area and a boiling pool would result.The rate of vapor release would be significantly lower than an instantaneous release. It is also unlikely that the vapor would disperse to a precisely flammable mixture fd then ignite at that exact instant. Worst-Case Scenario -Vapor Cloud Explosion #2 Same issues as Worst Case Scenario -Vapor Cloud Explosion #1. Alternative Release -BLEVE #1 The definition of a BLEVE used in the Cornerstone Teclmologies report is not cortect.Thus, this case is teclmically invalid.I Alternative Release -BLEVE #2 I Same issue as Alternative Release -BLEVE #1.TIllS is technically invalid.I The Cornerstone Technologies Report used the EPA's RMP*Comp software to eStIimate the consequences of each scenario.This software is free from EPA and is not approp .ate for application to do a QRA.I would never recommend or consider use of this softw e for tillS application.i I I I The Quest Consultants Report contains much more realistic scenarios that inc1Udlthe safety features that I described at the beginning of my report.They used the CANARY c mputer code to estimate the consequences of the scenarios.I do not have access to this code,n r have I used it.I have heard of CANARY and believe that it is a very credible code for applic tiOll for these scenarios.I The Quest Consultants repurt assumed a full-hore rupture of a l4-inch line.This il actually fairly conservative -most risk analysts I know assume that only a fraction of the pipe ata contributes to the release -some as low as 20%of the pipe area for this size pipe.i i ..' D.A.Crowl to M.Wesling April 11,2011 Page 6 I ~m~ry i I The Cornerstone Technologies report defines unrealistic scenarios by not inelUdintmany of the safety design features used in this facility.Many of the scenarios were not physic ly possible or technically invalid.Furthermore,they used a free computer code that was not des gned for this type of analysis.; The Quest Consultants report defmes very realistic scenarios which properly inel es the safety design features for this facility.They used a much more capable computer code t estimate the consequences.The calculations were completed using teclmically valid and indu ry standard approaches. To the best of my expert opinion,the Quest Consultants report is by far the superifr analysis of the consequences of an accident at the Plains LPG North Gaffey Street facility.I rt~0.f/utv-P'II Professor I 906-487-3221 crowl@mtu.edu TO: FROM: DATE: SUBJECT: HONORABLE MAYOR &CITY COUNCIL MEMBERS CITY CLERK AUGUST 21,2012 ADDITIONS/REVISIONS AND AMENDMENTS TO AGENDA** Attached are revisions/additions and/or amendments to the agenda material presented for tonight's meeting: Item No. G Description of Material Staff's response to Mayor Pro Tem Campbell's prior email;Email exchange between Mayor Pro Tem Campbell and City Manager Lehr Respectfully submitted, ~d£. Carla Morreale **PLEASE NOTE:Materials attached after the color page(s)were submitted through Monday,August 20,2012**. W:\AGENDA\2012 Additions Revisions to agendaS20120821 additions revisions to agenda.doc Page 1 of 1 From:Carolyn Lehr Sent:Tuesday,August 21,20122:23 PM To:CC Cc:Carla Morreale Subject:Late Correspondence:Pension Spiking Safeguards Attachments:Pension Spiking.doc Mr.Mayor and Council Members, Attached is the document I requested of our HR Manager,Steve Larson.In it,he gives examples of the most common ways that cities have "spiked"employees'reportable compensation for the purpose of offering a more generous pension benefit.In each case,he discusses how these practices are precluded in our city. This question 'came up in connection to the agenda item on approving the second tier pension formula for reduced costs to the City for future hires. Thank You, Carolyn 8/21/2012 G PENSION SPIKING TYPICAL TYPES OF SPIKING Final Year Increase in Compensation City grants employee large increase in last 12 months. New PERS contract -retirement compensation is average of usually last 36 months of employment.(Employee selects the consecutive 36 month period).If an employee had a pay cut or demotion,they could still pick that period of higher pay as part of their 36 consecutive months. PERS Audits:PERS now audits each retirement where there is a large increase in final pay over prior year(s)and requires cities to provide backup to justify any unusual increase in pay in those time periods. Employer Paying Employee Retirement Costs Cities can either by resolution or contract amendment,report the employers'pickup of the employee contribution as "special compensation".However,that must be done for ALL employees in a group and cannot do it for only one individual.This option had NOT been adopted by the City prior to the change of having employees now pay their full PERS contribution.No employerpickup related compensation has been reported to PERS by the city. Now that Employees are paying their full contribution this can no longer be an issue. PERS Audits:PERS requires all cities to adopt a resolution or contract amendment and send PERS a copy oftheir adopted resolution,before they would include this amount in the final compensation calculation. Sick Leave Service Credit Not technically "spiking",but the PERS contract options allow for the reporting of accumulated sick leave upon retirement to be converted into "service time" Since the City was put into a "pool"in the early 2000's PERS required all agencies in the "pool"to have this "benefit"included.This will be the same for the new 2%@60 plan. Current City policy allows employees to accumulate a maximum of 720 hours of sick leave (approximately 4 months)on the books.This is the maximum amount oftime that can be converted at retirement for service time. PERS Audits:PERS now includes the cost of this benefit in its actuarial calculations and the city has been billed to cover the cost of this benefit over the last few years in its contribution rate. Cashout of Leave Benefits Reporting of the cashout of vacation,sick leave,administrative leave,etc has been reported to PERS by agencies as "special compensation".It does not qualify under the PERS regulations that were adopted in the mid 1990's as "compensation"and has not done by the City.The City has not allowed anyone to report any cashout of leaves to PERS as compensation. PERS Audits:PERS now audits each retirement where there is a large increase in final pay over prior year(s)and requires cities to provide backup to justify any unusual increase in compensation/pay in those time periods. Bonuses Bonuses not tied to work performance that are not part of regular salary are not "compensation"that is eligible to be reported to PERS,(per the regulations adopted in mid 90's). PERS Audits:PERS now audits each retirement where there is a large increase in final pay over prior year(s)and requires cities to provide backup to justify any unusual increase in compensation/pay in those time periods. Special Compensation Pay Many employees'in other agencies can receive special pay related to their classification. Things like motorcycle pay,pay for educational related accomplishments like CPA, Licensed Engineer,etc ..If these pays do not meet the standards set by PERS as "special compeI\sation pay",they are not eligible to be reported as compensation to PERS (per the regulations adopted in mid 90's). Auto Allowance This type of payment is not an eligible reportable compensation"under the PERS regulations adopted in the 90's.The City has not allowed anyone to report any auto allowance as "compensation"to PERS. Final Settlement Pay Any payment or cash conversion of employee benefits that are in excess of compensation earnable that are granted or awarded an employee in connection with,or in anticipation of,a separation from employment are no eligible reportable compensation per PERS regulations.The City does not allow anyone to report any final settlement pay as "other compensation"to PERS Overtime Pay Except in certain specific circumstances overtime pay in not eligible to be reported as special compensation.This is only allowed in special areas where an employee works a regular scheduled shift that is over 40 hours in a week,such as firefighters,who work a 56 hour work week.Firefighters are eligible for overtime after working 53 hours in a week.In this case only the 3 hours of overtime regularly worked would be reported as reportable compensation.This area was included in regulations PERS adopted in the mid 90's.The City does not have employees in this category. Salary The only salary that can be reported to PERS as compensation is that which has been adopted by the City Council in a public document (resolution,MOD or contract)and is posted on the cities website.This change was made by PERS in 2011,after the issues at a couple of cites where the pay being reported was not a result of the action of the City Councilor where the pay was adopted in two or more documents. PERS Audits:PERS now audits each retirement and may require the city submit a copy of the resolution or contract to verify that the pay being reported is within the salary range shown in the documents. [P Additional Service Credit Military Service time:Until the early 2000's the only additional service credits and employee could purchase was time spent in the "Military",which could only be done through a contract amendment.PERS law allows the employee to purchase typically up to four years of military service time.The employee must pay for both the employee and employer costs as calculated by PERS.This amendment is in the cities current "Pooled" contract with PERS and will also be in the new contract.PERS has recalculated the cost of this benefit and significantly increased the cost to purchase this time by the employees. Additional Service Time:In the early 2000's legislation was passed to allow any employees to buy additional service credit of up to five (5)year.Because this was law and not a contract amendment,cities could not prohibit its employees from taking advantage ofthis provision.The employee must pay for both the employee and employer costs as calculated by PERS.This item has been commonly referred to as "Air Time" because it did not require any related service to any governmental agency.Unfortunately, the costs,which were suppose to be covered entirely by the employee,where not covered by the.amount of contributions made by the employee and in 2011,PERS changed how it calculated these costs.The new calculations for cost to purchase this benefit have been raised significantly.The elimination of this benefit is on almost everyone's "pension reform"list. Summary This is not an all inclusive list of areas that PERS and auditors have discovered over the past 20 years,but these items have been the typical areas where pension spiking have been found and what has been done to eliminate them. (8/21/12) From:Brian Campbell [mailto:b.camp@cox.net] Sent:Monday,August 20,20125:34 PM To:Carolyn Lehr Cc:FAC;CC Subject:RE:Late Correspondence:RPV new 2nd TIer Pension Plan Thanks Carolyn, I agree that it is not central to tomorrow nights agenda item on the 2nd Tier but it is important to have all available information at hand if it is pulled from the consent calendar for discussion. Pension spiking (or not)in RPV is frequently a question that is asked in the community when our local pensions are discussed. Brian C. From:Carolyn Lehr [mailto:c1ehr@rpv.com] Sent:Monday,August 20,20125:20 PM To:Brian Campbell <b.camp@cox.net> Cc:FAC;CC Subject:RE:Late Correspondence:RPV new 2nd Tier Pension Plan Brian, This afternoon I asked the HR Manager to summarize the practices typically considered pension spiking,and the various ways in which the City is safeguarding against it.I believe we can send out a memo as further late correspondence tomorrow in advance of the meeting as a reference.However,I don't think pension spiking is directly related to the creation of the second tier agenda item.I just would like to be prepared for any questions that may come up on the subject. Thanks, Carolyn From:Brian Campbell [mailto:b.camp@cox.net] Sent:Monday,August 20,20123:13 PM To:carolyn Lehr Cc:FAC;CC Subject:RE:Late Correspondence:RPV new 2nd Tier Pension Plan Thanks Carolyn, \o~3 Since you brought up "anti-pension spiking policies"below in your email,can you direct us to the city web page that explains any city policies that exist on this subject in more detail?I have not yet been able to find any information on the city site but may have possibly overlooked it. Thanks, Brian Brian Campbell Mayor Pro Tem City of Rancho Palos Verdes,CA 424-255-8887 office 310-544-7400 office +text 888-855-9619 fax "Reply"to sign up for my Email Newsletter RPV Website:www.palosverdes.com/rpv Twitter:http://twitter.com/CampbellforRPV Notice:The information contained in this electronic e-mail and any accompanying attachment(s)is intended only for the use of the intended recipient and may be confidential/or privileged.If any reader of this communication is not the intended recipient, unauthorized use,disclosure or copying is strictly prohibited,and may be unlawful.If you have received this communication in error,please immediately notify the sender by return e-mail and delete the original message and all copies from your system. Thank you. From:Carolyn Lehr Sent:Monday,August 20,2012 12:22 PM To:Brian Campbell <b.camp@cox.net> Cc:FAC;CC Subject:Late Correspondence:RPV new 2nd Tier Pension Plan Good Day Council Members--and copy to Finance Advisory Committee Members, Noting the points raised by MPT Campbell in his email below regarding Item G of the August 21 Council meeting (tomorrow evening),I felt it would be helpful to provide all of you with the September 20,2011 staff report that prompted Council to direct that staff initiate a contract amendment with CalPERS,creating a second-tier reduced pension benefit for the City of Rancho Palos Verdes. This background report is one of many documents relating to pension revision that can be found on the City's website.Please let me know if staff can be of further assistance,and we will try to anticipate any questions that may come up relating to anti-pension spiking policies or other important issues. City Clerk,please include this in Late Correspondence. Thank You, Carolyn Lehr Begin forwarded message: From:"Brian Campbell"<b.camp@cox.net<mailto:b.camp@cox.net» To:"FAC"<FAC@rpv.com<mailto:FAC@rpv.com» Subject:RPV new 2nd Tier Pension Plan FAC members, Question;Has the FAC been consulted or advance copied either individually or as a committee regarding this pension item coming in front of the city council this Tuesday?You have done the most thorough and accurate work in the city on this subject just a few months ago when you revealed that the previous estimates of the RPV unfunded pension liabilities were in fact many times higher than previously reported. I hope that the community will continue to have the benefit of your expertise on this subject. I would welcome any input,ideas or suggestions of questions to ask of city staff that you have prior to our meeting this Tuesday.Currently,for example,I am not aware of any protections or limits (other than the weak ones at the state level)against pension enhancements (spiking)in RPV and the lack of transparency regarding such. I have also attached below two links to web sites of interest that were provided to me. http://www.califomiapensiomeform.coml http://www.pars.org/pars-solutions/ If you would like to assist on this important item please either call me at my numbers below or reply to this personal email address. Thanks for your service to all of us in RPV. Brian Brian Campbell Mayor Pro Tern City of Rancho Palos Verdes,CA [cid:image002.png@0 1CD7E3B.5IB2B950] 310-544-7400 cell +text 424-255-8887 office 888-855-9619 fax "Reply"to sign up for my Email Newsletter<blocked::http://visitor.r20.constantcontact.comld.jsp?11r=k7fsecgab&p=oi&m=1106025977738 > RPV Website: www.palosverdes.comlrpv<http://www.palosverdes.comlrpv><http://www.palosverdes.com/rpv> Twitter:http://twitter.com/CampbellforRPV Notice:The information contained in this electronic e-mail and any accompanying attachment(s)is intended only for the use of the intended recipient and may be confidential/or privileged.If any reader of this communication is not the intended recipient,unauthorized use,disclosure or copying is strictly prohibited,and may be unlawful.If you have received this communication in error,please immediately notify the sender by return e-mail and delete the original message and all copies from your system.Thank you. TO: FROM: DATE: SUBJECT: HONORABLE MAYOR &CITY COUNCIL MEMBERS CITY CLERK AUGUST 20,2012 ADDITIONS/REVISIONS AND AMENDMENTS TO AGENDA Attached are revisions/additions and/or amendments to the agenda material received through 'Monday afternoon for the Tuesday,August 21,2012 City Council meeting: Item No. G J Description of Material Email exchange between Mayor Pro Tem Campbell and City Manager Lehr Email exchange between Staff and Ken Dyda Staff Report Clarification;Email from Sharon Yarber W:\AGENDA\2012 Additions Revisions to agendaS20120821 additions revisions to agenda through Monday aftenoon.doc From:Brian Campbell [mailto:b.camp@cox.net] Sent:Monday,August 20,20123:13 PM To:Carolyn Lehr Cc:FAC;CC Subject:RE:Late Correspondence:RPV new 2nd lier Pension Plan Thanks Carolyn, Since you brought up "anti-pension spiking policies"below in your email,can you direct us to the city web page that explains any city policies that exist on this sUbject in more detail?I have not yet been able to find any information on the city site but may have possibly overlooked it. Thanks, Brian Brian Campbell Mayor Pro Tern City of Rancho Palos Verdes,CA 424-255-8887 office 31 0-544-7400 office +text 888-855-9619 fax "Reply"to sign up for my Email Newsletter RPV Website:www.palosverdes.comJrpv Twitter:http://twitter.comJCampbellforRPV Notice:The information contained in this electronic e-mail and any accompanying attachment(s)is intended only for the use of the intended recipient and may be confidential/or privileged.If any reader of this communication is not the intended recipient, unauthorized use,disclosure or copying is strictly prohibited,and may be unlawful.If you have received this communication in error,please immediately notify the sender by return e-mail and delete the original message and all copies from your system. Thank you. From:Carolyn Lebr Sent:Monday,August 20,2012 12:22 PM To:Brian Campbell <b.camp@cox.net> Cc:FAC;CC Subject:Late Correspondence:RPV new 2ndTier Pension Plan Good Day Council Members--and copy to Finance Advisory Committee Members, Noting the points raised by MPT Campbell in his email below regarding Item G of the August 21 Council meeting (tomorrow evening),I felt it would be helpful to provide all of you with the September 20,2011 staff report that prompted Council to direct that staff initiate a contract amendment with CalPERS,creating a second-tier reduced pension benefit for the City of Rancho Palos Verdes. I oC;-5 This background report is one of many documents relating to pension revision that can be found on the City's website.Please let me know if staff can be of further assistance,and we will try to anticipate any questions that may come up relating to anti-pension spiking policies or other important issues. City Clerk,please include this in Late Correspondence. Thank You, Carolyn Lehr Begin forwarded message: From:"Brian Campbell"<b.camp@cox.net<mailto:b.camp@cox.net» To:"FAC"<FAC@rpv.com<mailto:FAC@rpv.com» Subject:RPV new 2nd Tier Pension Plan FAC members, Question;Has the FAC been consulted or advance copied either individually or as a committee regarding this pension item coming in front of the city council this Tuesday?You have done the most thorough and accurate work in the city on this subject just a few months ago when you revealed that the previous estimates of the RPV unfunded pension liabilities were in fact many times higher than previously reported. I hope that the community will continue to have the benefit of your expertise on this subject. I would welcome any input,ideas or suggestions of questions to ask of city staff that you have prior to our meeting this Tuesday.Currently,for example,I am not aware of any protections or limits (other than the weak ones at the state level)against pension enhancements (spiking)in RPV and the lack of transparency regarding such. I have also attached below two links to web sites of interest that were provided to me. http://www.califomiapensionreform.com/ http://www .pars.org/pars-solutions/ If you would like to assist on this important item please either call me at my numbers below or reply to this personal email address. Thanks for your service to all of us in RPV. Brian Brian Campbell Mayor Pro Tem City of Rancho Palos Verdes,CA [cid:image002.png@0 1CD7E3B.5lB2B950] 310-544-7400 cell +text 424-255-8887 office 888-855-9619 fax "Reply"to sign up for my Email N ewsletter<blocked::http://visitor.r20.constantcontact.com/d.j sp?lIr=k7fsecgab&p=oi&m=11 0602597773 8 > RPV Website: www.palosverdes.com/rpv<http://www.palosverdes.com/mv><http://www.palosverdes.comlmv> Twitter:http://twitter.com/CampbellforRPV Notice:The information contained in this electronic e-mail and any accompanying attachment(s)is intended only for the use of the intended recipient and may be confidential/or privileged.If any reader of this communication is not the intended recipient,unauthorized use,disclosure or copying is strictly prohibited,and may be unlawful.If you have received this communication in error,please immediately notify the sender by return e-mail and delete the original message and all copies from your system.Thank you. MEMORANDUM TO: FROM: DATE: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL CAROLYN LEHR,CITY MANAGER ~ ERIC MAUSSER,HUMAN RESOURCE~ SEPTEMBER 20,2011 SUBJECT:PENSION REVISION RECOMMENDATION: Approve the recommendations made by the City Council Pension Revision Subcommittee and with concurrence by Management Partners to adopt revisions to the City's pension plan to attain sustainal)lIity and cost control for current employees and new hires,and further direct Staff as follows:. 1)Effective with the pay period beginning September 23 ,2011,discontinue the 6.5% employer paid member contribution for full-time employees in conjunction with a one-time salary increase of 5%; 2)Effective with the pay period beginning September 23,2011,discontinue the 1% employer paid member contribution for part-time employees in conjunction with a one-time wage increase of 1%; 3)Request CalPERS to prepare a contract amendment to establish a 2nd Tier benefit formula for new employees based upon 2%/60 formula with determination of final compensation based upon the average of the three highest years;and 4)Inquire with ICMA whether or not the City's existing Section 457 defined contribution plan can be amended to enable matching contributions for new employees or research and make a recommendation of other plan providers to administrate such a plan in conjunction with adoption of an amendment to the CalPERS agreement. DISCUSSION: At its meeting on November 4,2010,the City Council established a Pension Revision Subcommittee,Mayor Long and Councilmember Wolowicz,and "directed that the City select and retain a retirement plan consulting firm to assist in the identification of feasible and viable alternative pension plans for new employees aimed at achieving cost controls." Under the direction of the Council Subcommittee,the City engaged Management Partners to provide an independent look at pension benefits found in the California local government setting and to identify what options are available to modify the City's current retirement 6-1 PENSION REVISION September 20,2011 Page 2 of5 system for greater sustainability,while continuing to meet service demands in the most efficient and effective manner possible.Working with the Subcommittee to identify parameters,the consultant reviewed and analyzed City Staffs savings analysis,surveyed competitor cities'retirement benefit plans,researched pension modifications being considered by CALPERS,the State Legislature and public agencies throughout the state and researched applicable retirement laws and regulations. As the consultant review process proceeded,the HR Manager called several special informational meetings to keep employees apprised of the Subcommittee's and consultant's progress.Employees were provided Subcommittee progress reports,an overview of the current environment in California that gave rise to the issue of public pension revision in our city;the various State and local initiatives being considered,the discretion the City has to change basic CalPERS attributes and proposed program revisions for current employees as well as future hires as recommended by the Council Subcommittee and in concert with Management Partners'research and findings. Staff response to the Management Partners solution was generally supportive.Employees expressed some conc~rn that the proposal does not provide a one-for-one off-set to full- time employees picking up the Employer Paid Member Contribution (EPMC),as was done in Rolling Hills Estates.However,it was felt that,in the current environment,the proposed one-time 5%adjustment for'pick up of the 6.5%to EPMC was an acceptable trade-off; although it includes a significant cost transfer to each current employee.Most employees seem hopeful that the Council will approve the Subcommittee recommendations and were appreciative of the Subcommittee's expressed goal to do no harm to current employees when developing pension alternatives. Further,all Department Heads agree that the Subcommittee's recommendation is the best solution to maintain a high degree of organizational productivity,effectiveness and employee engagement,and demonstrates that employees will partner with the City in achieving pension stabilization and significant pension cost savings for the City.From a human resources management perspective,the thoroughness and fact-based methodology that the Subcommittee relied on in arriving at its recommendations were well considered.Assuming that in the future,other cities within our area of recruitment move toward two-tier pension programs,there may not be serious limitations on competitive recruitment and retention. Currently,part-time employees pay 7%and the City pays 1%of their EPMC.Assuming the City Council elects to follow the recommendation made by the Subcommittee and Management Pa;rtners,Staff recommends that effective with the pay period beginning September 23,2011,that the City should discontinue the 1%employer paid member contribution for part-time employees in conjunction with a one-time wage increase of 1%. It should be noted that the City's Labor Attorney,Roy Clarke,reviewed Management Partners'recommendations,along with the legal analysis provided by their legal counsel Marcus Wu,and 'concurs that their approach is in keeping with current applicable laws 6-2 PENSION REVISION September 20,2011 Page 3 of 5 governing pension administration in California.There were several questions frqm Council pertaining to the powers and latitude of a Charter City versus a General Law City in shaping pension programs.Mr.Wu will provide his research findings as late correspondence.The City Attorney will provide any additional information on behalf of Mr. Clark,if any,after Mr.Clark has reviewed Mr.Wu's research findings. Councilman Campbell also requested to have several questions answered by Management Partners as to the financial impact of the one-time salary increase on unfunded liability.It is understood that Management Partners will reply directly to Councilman Campbell. FIS~AL ANALYSIS: With a -history of stable revenue streams,the City has been governed with a conservative fiscal philosophy that has Jed to consistently balanced budgets and the accumulation of a prudent $9 million General fund reserve and a $7.5 million CIP reserve for future projects. This allows the City to take a measured approach to pension revisions that will provide long-term sustainability to the program and competitive balance in acquiring quality talent. This allows the City to t;lke a measured approach to pension revision such that will provide. long-term sustainability to the program and a competitive balance in acquiring and retaining quality employees. The establishment of a2nd Tier for new employees together with an increased cost-sharing . arrangement with existing employees for member contribution will attain the goal established by the City Council at its meeting on November 4,2010:.....to achieve cost control for the City's pension plan."The implementation of the proposed cost-sharing arrangement with current employees will save the City about $3,000 per pay period; therefore,Staff encourages its immediate implementation.Staff is presently researching other comparable Contract Cities used in the 2010 Salary Survey to determine if a2nd Tier pension structure has been implemented,and the nature of any possible changes to EPMC for current employees.Findings are expected to be submitted as Late Correspondence Based on a six-year savings analysis referred to as Assumption A (to be distributed as Late Correspondence),the City can expect savings ranging between approximately $1.2 million and $1.6 million,depending on the rate of employee turnover.About $500,000 of the savings would be derived from shifting the pension cost from the City to existing employees.The remainder of the savings would result from reducing the retirement benefit formula to 2%@ 60 for new hires (the lowest possible for CalPERS members who are outside of Social Security).The savings analysis indicates that the trend of rising pension costs would flatten-out,and even be reduced,if the recommendation made by the Pension Subcommittee and Management Partners is followed: 6-3 PENSION REVISION September 20,2011 Page 4 of5 FY11-12 $1,031,542 $950,043 $81,499 $933,650 $97,892 FY12-13 $1,091,763 $967,611 $124,152 $932,866 $158,896 FY13-14 $1,212,713 $1,038,164 $174,549 $980,485 $232,228 FY14-15 $1,266,127 $1,038,522 $227,606 $958,253 $307,874 FY15-16 $1,321,655 $1,036,697 $284,958 $931,991 $389,664 FY16-17 $1,379,375 $1,032,521 $346·854 $901,424 $477,952 Both the cost of the proposed 1.5%defined contribution match for new hires and the incremental increase of the pension contribution resulting form the one-time salary incr~ase for existing employees have been included in the savings analysis (Assumption A).'. Based on comments made by Mayor Pro Tem Misetich on September 6th ,Staff prepared a second savings analysis referred to as Assumption B (to be distributed as Late Correspondence).This analysis Is based on a three-year phase-out of the EPMC that has been paid for employees the past 20 years,with no salary off-set provided to current employees.Under this scenario,th~City could experience savings ranging between about $2.1 million and $2.3 million,gepending on the rate of employee turnover. If Assumption B were adopted,a professional,licensed employee would experience about a $30,000 reduction of take home pay,based upon the six-year savings analysis.As described previously,Rolling Hills Estates recently provided a one time 7%salary increase in exchange for employees assuming the entire 7%EPMC.Of the .eight contract cities included in the comparative analysis presented by Management Partners',only one required employees to pay a portion of their member contribution. Clearly,there can be greater cost savings generated beyond the Pension Subcommittees' and Management Partners'recommendation.BlJt,the savings described in Assumption B will come with a significant cost to our employees and counter to one of the working agreements established by the Subcommittee:''The subcommittee is considering changes in pension formulas,contributions,and benefits only for newly-hired employees.The subcommittee is not now considering any changes,whether it is in benefits or funding of contributions,for existing employees and retirees of the City of Rancho Palos Verdes." Additionally,the direction established by the City Council on November 4,2010 was to: "find feasible and viable alternative pension plans for new employees aimed at achieving cost controls". In the judgment of senior management staff,the City would be better served to maintain a fully motivated and stable workforce.RPV is in the enviable position of employing lowest number of FTE's (FUll-time Employee Equivalents)per population size,together with the lowest cost of employees per capita,all while supporting a very active Council agenda and residents'deman~for high quality services. 6-4 PENSION REVISION September 20,2011 Page 50f5 At a meeting held with Mayor Pro Tern Misetich prior to the preparation of this staff report,Staff provided him with draft versions of both Assumptions A and B.As of this writing,Mayor Pro Tern Misetich has advised Staff that he is still considering the information and conducting additional research on both scenarios. Attachments: Management Partners Pension White Paper Financial Analysis -Assumptions A &B (Late Correspondence) Contract Cities 2nd Tier Survey (Late Correspondence) I 6-5 MEMORANDUM TO:CITY COUNCil FROM:MAYOR TOM LONG AND COUNCILMAN STEFAN WOLOWlCZ\ PENSION REVISION SUBCOMMITTEE DATE: SUBJECT: SEPTEMBER 6,2011 PENSION REVISION RECOMMENDATION Approve the recommendations made by Management Partners,Inc.lCity Council Pension Revision SUbcommittee regarding revisions to the Clty's pension program for current employees and·new hires,and provide further direction to staff. DISCUSSION The City engaged Management Partners to provide anobjedive look at pension benefits provided In the CalifornIa local government setting and to Identify what options are availablero modify the City's current retirement system for greater sustainabilIty, While continuing to meet service demands In the most efficient and effective manner possible.Working with the City Council Pension Revision Subcommittee to identify parameters,the consultant reviewed and analyzed City staff's assumptions and calculations;surveyed competitor cities'retirement benefrt plans;researched pensions modifications being considered by CaIPE.RS,the State Legislature and public agencles throughout the state;and researched retirement laws and regulations.The results and the consultant's/subcommittee's recommendations are presented for the City Council's consideration In the attached white paper. Attachment: Rancho Palos Verdes Pension Revision White Paper,Management Partners Inc.. Augus12011 ATTACHMENT 6-1 August 2011 MANAGEMENT PARTNERS INCORPORATED ATTACHMENT 6-2 MANAGEMENT PARTNERS INCORPORATED August 31,2011 Ms.Carolyn Lehr City Manager City of Rancho Palos Verdes 30940 Hawthorne Boulevard Rancl'lOPalos Verdes,CA 90275 Dear Carolyn: Management Partners is pleased tor:ransmit a dfaR of the Pension Reform White Paper for the City of Rancho Palos Verdes.In developing this paper we met with the City CouncilPensron Revision Subcommittee;reviewed and analyzed City stafes assumptions and calculations; surveyed competitor cities'retirement benefit plans;researched pension modifications being considered by CalPERS,the Stale Legislature and public agencies throughout the state;and researched retirement laws and regulations.These efforts were undertaken to deternline: 1.What options are available for the City? 2.What options would the City be precluded from pursuing either on legal,technical or pradi.cal grounds? 3.What are the grey areas and uncertainties that rnust be confronted as the pUblic pension environment shifts? TIus paper answers these questions and should help City decision-makers to approach the discussion about what,if any,changes to propose in the currentretirernent system armed with full informa non about the state of the ind usl:ry with respect to such programs..This paper also provides options and recommendations to allow the decision makers to determine what direction will best position the City of Rancho Palos Verdes to continue meeting service demands in the most efficient and effective way possible. Sincerely,#L ~f~trfl/_.- Andrew S.Belknap Regional Vice President 2107 North Fi rsl Street Suile 470 San Jose,CA 95131 w\vw.managementpartners.com 4084375400 Fax4536191 ATTACHMENT 6-3 Pension Revision White Paper Table of Contents Table of Contents Management Partners Parameters :3 Distinction Between Defined 8enefit and Defined COntribution -4 Background 6 Retirement Benefits in the Local Government Sector 6 Rancho Palos Verdes'Ret:irementPlan I-listory 7 Chronology of Rancho Palos Verdes'Pension Revision Subcommittee Activities 7 Revi:sion 'B..ffbrts ..,·..,·',.."",'' ,'ll'•••••••••••,","':-•••:••'9 City ocEanlose Ballot lV!easure 9 Californians for Fiscal Responsibility Initiative 10 State Legislature 8i1ls 11 Initiative process 13 CalPERS Position on Reform Efforts 13 Rancho Palos Verdes Data and Assumplions .-15 Turnover Rate 15 Salary Increases 15 Projected Savings 15 Employee Retention ,'16 CalPERS Contribution Projections 16 Obs·erva:ti·ons and Op·ti:ons •••·.'.'11 •••••••·."•••••",••••·,..""1,8 Retire·menl:Formula 18 final Co.mpensation Calculation Basis ;20 Employer~paid Member Contributions 20 Retirement Spiking 20 Current Options Compared with New Employee Options within Subcommittee Parameters 21 Options for Consideration 22 ATTACHMENT 6-4 Pension Revision While Paper Table of COnt~nls Management Partners Current Employees :24 New f-lires 25 Current Employees and New Hires , ,26 Appendix A-First Pension Subcommittee Report 27 Appendix B-Second Pension Subcommittee Report 28 Appendix C-Third Pension Subcommittee Report m 29 .Appendix D-Vested Rights of CalPERS Members 30 Tables Table 1.CalPERS Rates under Vmous Scenarlos 17 Table 2.City Discretion with Changes to Basic CalPERS Attributes 22 Table··3,.Pe,er 'Com:p:aris'on .••••11 ••_•••"'·,::•••••.•••••••"'·•·•••••"'·•••••.••""'•••••••••23 Figures Figtrre 1,.Ca.lPERS In'vestment ,Returnsl w '.,••,..'"••••u ,u:.~.,.t!••••••••••••••1l.17 Figure 2.Percentage of Compensation Under Various Plans 19 jj ATTACHMENT 6-5 Pension Revision While Paper Introduction Managemenl Partners The City of Rancho Palos Verdes (RPV)engaged Management Partners to provide an objective look at pension benefits provided in the Califomia local govemment setting.This was undertaken with a focus on how plans are being modified to be fiscally sustainable over the long tenn in the current economic environment while stiU prOViding competitive and reasonable benefits so dties can recruit and retain the experienced staff they require.Management Partners has reviewed changes being considered by some jurisdictions such as the San Jose ballot measure.We have also reviewed and considered the changes proposed by the Califomians for Fiscal Responslbilily initiative as well as other initiatives and changes proposed by and being considered by the Legislators. Management Partners does not consider these potential dlanges as viable to Rancho Palos Verdes at this time.These changes are likely to face legal challenges and lead to prolonged and costly litigation.Additionally, many of the changes require legislative action andlor changes in the law or the State constitution.These changes are not available to Rancho Palos Verdes at this time and,therefore,are not included in the recommendations section of this paper.Should any of these changes survive the tegisla.tive process and subsequent litigation and be found legal,the City retains the option of adopting them at that time while avoiding the cost of litigation. Most cities in California contract with the California Public Employee Retirement System (CaIPERS)fot'the provision of pension benefits and it is one of the largest such organizations in the world.Currently CalPERS serves 284 public agencies and has about 1.6 million members who are public employees,retirees or beneficiaries.It manages approximately $1.7 billion in assets. The costs associated with providing pension benefits through CalPERS have climbed substan.tially in the last several years.TItis is due 1:0 losses sustained in agency investments (such as stock market losses)and enhancements granted in pension programs,primarily in the late 1990s and the early 2OOOs.The most often cited enhancement was the creation of a "3%at SO"program for public safety workers that can result in a 1 ATTACHMENT 6-6 Pension Rcvision White Paper Introduction Management Partners pension equal to about 90%of final compensation after a ~ormaI30.year working career.As a result,CalPERS has had to increase payments demanded of its contract agendes,particularly those agendes that have adopted enhanced plans. Increased payments are being demanded just as the resources available to local governments have suffered severe setbacks.As a result,cities have had to reduce expenditures and services to fund increasing pension costs. This takes place against a backdrop of great economic uncertainty and in an era in which defined benefit plans such as CalPERS have largely . vanished from the private sedor.Instead,defined contribution plans have become more commonplace.They typically pay a lower benefit and have much greater uncertainty than defined benefit programs.RandlO Palos Verdes has not suffered revenue declines,does not have responsibility for funding public safety pensions,and has not yet had to reduce services to deliver pension benefits.Nonetheless,the city council has sought to modi.fy pensions to assure that Rancho Palos Verdes avoids financial difficul ties in the futu re and to stabilize pension costs as a percentage of payroll. As a result of pension cost increases,Rancho Palos Verdes,like many other ci ties..is looking at options for changing eXisting CalPERS pension benefits.A number of California dties have already introduced lower benefit plans for new workers and raised contribution levels for existing employees. Rancho Palos Verdes is seeking a retirement plan that is sustainable in the long term.In this case,sustainable is defined as a pensioll structure with predictable expenditures that are generally a flat percentage of payroll and that are both economical to the City and beneficial to employees.TI,e inability to achieve a sustainable pension.structure may resul t in the need to divert an increasing amount of general fund dollars to pay for retirement benefits.This would require a reduction in City payroll through a reduction in the number of City employees,the elimination of City programs and/or a general reduction in the quality, frequen~and number of services provided to the public.The City is understandably concerned about costs,while also conscious of the fad that it needs to remain an employer that can recruit and retain employees in the public employee labor market. To develop options for the City,the Pension Revision Subcommittee needs a solid analysis of basic facts regarding pension issues.This white paper was created to examine the following issues: 2 ATTACHMENT 6-7 Pension Revision WhltePaper Introduction Management Partners 1.What options are available for the City?, 2.What options would the Oty be precluded from·pursuing either on legal,\:ec:hnica!or pracl:ical grounds? 3.What are the grey areas and uncertainties that must be confronted as the public pension enVironment shifts? The paper objectively presents tht:!cutrentpublicpension enVironment and reform efforts,City pension assumptions,information about how peer organIzations structure their plans,and finally,alterna.tives and recommendations for Rancho Palos Verdes leaders to consider. Parameters At the start or this engagement the City's Pension ReVision Subcommittee established the follOWing parameters to be used when evaluating alternatives for pension structure changes. •L{)n~term sustalnability.The City is seeking to modify pensions to assure that Rancho Palos Verdes avoids financial difficulties in the future by ensuring that pension expenditures become a predictable and generally flat percentage of payroll and that the peltsion system remains economical to the City and beneficial to the employees. •Maintain the abUity to attract and retain Quality employees.To continue to utilize high-quality staff to provide excellent service to residents.it is important for the City to provide a pension system th~t is competitive wi th other jurlsdktiOl1s competing fOl'the same employees. •Avoid Significal1tIltiggtion risk.Litigation is costly and lengthy and the City does not wish toincui'unwarranted costs in reforming its pension plan.Once the courts have made rulings on litigation over changes made by ()tner jUrisdictions,and/or if the State Legislature enacts changes that proVide more options for pension reform,the City has the ability to adopt those changes determined to be legal and desirable. •ProVide protection against any possible retirement spjking.The City wishes toprecltide the actuality of pension spiking but also any appearance or perception of spiking. •Maintain the City's non-participation status with respectto Social Security..Social Securltyis intended to be a safety net by redistributing wealth and is neither economical nor cost-effective as a means of delivering pension benefits to a primarily professional workforce such as that the City employs.It provides 3 ATTACHMENT 6-8 Pension Revision White Paper Introduction Management Partners far Jess value for itscostthan is provided by pensi~h behefits. The City wishes to maximize the use oiits funds and provide a superior benefit fol'employees. Distinction Between Defined Benefit and Defined Contribution Two basic categories of retirement plans exist:defined benefit plans and defined contribution plans.A defined bellefit plan is a guaranteed aMlJal pension (benefit)based on retirement age,years ofservice and salary. The employer contribution is a variable amount actuariaUy determined as sufficient to provide the guaranteed benefit.A defiued contributioll plan is one in which the employer contribution is a fixed amount.n,e benefit is a variable based on investment eamingsfrom the fixed contribution offset bye),:penses.Ifthe City wished to move from a defined benefit (DB)plan to a defined contribution (DC)plan,the following issues would need to be 'carefully weighed. First,a defined cOnlTibtlfion plan is not availablewithinCalPERSi therefore,the City would have to establish its own defined contribution plan outside of CaIPERS.Such plans have their own costs,including administration costs.The City of Irvine had a DC plan several years ago, but they moved into Cc1IPERS in the early 20005 after determining that it was less costly and less burdensome. The City of Rancho Palos Verdes originally contracted with CalPERS and remains with them due,in part,to legislative rules in terms of the State Constitution and Government Code that maKe altematives not feasible. The cost of leaving CalPERS is substantial.The City would be reqUired to pay an amountto CalPERS to fund its liability for retirees.n,e amount of this liability d,arge would have to be negotiated with CalPERS and would include possible later Increases in liability because of reciprocity affecting final average compensation of future retirees.Although it is not possible to estimate this cost without a full actuarial study,the cost potentially would be large.In essence,the City would be selJingits share of CalPERS assets at a bad time to do so.Other termination costs would also apply. A related issue is whether the City could remain in CalPERS for current employees but exclude future employees and,instead,put them in a separate,defined contribution plan.We are unaware of any jurisdictions that have done this.Aside from the administrative cost issues related to offering a defined contribution plan discussed above,CalPERS has stated informally,that its position is that agencies cannot keep current ATTACHMENT 6-9 Pension Revision While Paper Introduction Management Partners employees in CalPERS while excluding new hires.Management Partners' reading of the City's contract with CalPERS is that it prohibits any such exclusion of new employees. Sections 20502 and 20303 of the Government Code appear to support the ability of an agency to exclude new employees from CaIPERS.However, CalPERS would probably challenge such an exclusion and,given the Cily'sstated desire to avoid costly litigation,we do not recommend that the City take this path. Given the current legislation and lack ofaltematives,Management . Partners beHeves the costs and risks associated with moving from a defined benefit to a defined contnbution plan far outweigh any potential benefits.We recommend that the City reform its defined benefit plan at this time and retain the option of moving to a defined contribution plan in the future if economic conditions,the job market and legislative changes provide a more sound basis for such a move. 5 ATTACHMENT 6-10 Pension Revision White Paper Background Management Partners t. Retirement Benefits in the Local Government Sector The California Public Employees Retirement System began operation in 1932 as the retirement system for state employees.In 1941,CalPERS first began contracting with public agencies and school districts.CalPERS is the largest public pension fund in the country with over $217 billion in assets.As ofJune 30,2010,1,568 agencies wi th 1.6 million members contracted with CalPERS. Public sector agencies in California have historically packaged relatively modest compensation with more ge.nerous benefits,including a defined benefit pension program.This was partially in recognition of the fact that local government employees were not initially covered by Sodal Security; many are still not covered·including those in Rancho Palos Verdes.Since public sector employees obtained the right to collectively bargain in the 1970s compensation has become more competitive with private sector levels. Private industry has the choice of multiple pension administrators and investment advisors to provide pension and investment services.These alternatives are not financiaUyfeasible for California municipalities the size of Rancho Palos Verdes. General law cities and counties almost universally contract with CalPERS for their retirement system.Based on CalPERS'statistics it appears that approximately 85%of California cities are covered by this system.Some chat'ter cities and counties maIntain their O\\Tn retirement systems but this is practical only for large cities and counties.To maintain its own retirement system,an agency must establish a treasurer function and must have the staffing and ability to invest funds to maximize returns, Setting up and establishing investment systems is cost-prohibitive and inefficient for small agencies.Agencies which elect to leave CalPERS are required to pay significant termination costs to cover future retirement cost liabili ties. 6 ATTACHMENT 6-11 Pension Revision White Paper BackFund Management Partners Most local govemment executives serve with multiple agencies during their careers.It is,therefore,important to have the availaliilil:y of reciprocity (portability),provided by CalPERS for members who move from one agency to another. Rancho Palos Verdes'Retirement Plan History n,e retirement plan provided to employees of Rancho Palos Verdes has changed twice since the City first incorporaredin 1974.The chronology of the plan changes follows: •On December I,197't the aly or Ranchos Palos Verdes established a 2%@ 60 retirement formula based on three-year average final compensation •On April 21,2001,the Oty changed to the 2%@ 55 formula and went to the single highest year final compensation. •On September 29,2007,the City changed to the 2.5%@ 55 formula while maintaining single highest year final compensation. n,e decisions to enhance the retirement formula in 2001 and 2007 were based on surveys oicities'benefits with whom Rancho Palos Verdes competed for talent.The changes were made to ensure that Rancho Palos Verdes was able to altractand retainhigh-quality staff.Due to the downtum·in the economy as weU as pension reductions made by competitor cities!it is not currently necessary to offer the existing retirement formula to attract and retain high-quality staff. Chronology of Rancho Palos Verdes'Pension Revision Subcommittee Activities On November 4,2010,Cotmcilmember Steven Wolowicz presented a memorandum on Pension Revision to the City Council,recommending that the Council appoint a two-member subcommitree to work with City staff to select a consulting firm to analyze and make recommendations for a new retirement plan.Councilman Steven Wolowicz and Mayor Tom Long were appointed to the subcommittee. On November 30,2010,the Mayor and City Council members participated in a Pension Workshop facilitated by CalPERS Senior Actuary Kung-Pel Hwang and retirement plan consultant John Barrel. On December 7,2010,the subcommitree presented its first report to the City Council (see Appendix A). 7 ATTACHMENT 6-12 Pension Revision White Paper Background Milnilgemf:lnt Partners On January 18,2011.Bartel Associates.LLC submitted a~port on the City's CalPERS Unfunded Actuarial Accrued Liability (UAAL). On June 7,2011.the subcommittee presented its second report (see Appendix B). Onj1.1ne 17,2011.Finance &:IT Director Dennis McLean and Human Resources Manager E.ric Mausser presented a memorandum to the subcommittee providing an update on the request for qualifications (REO)and proposals for an independent retirement plan consultant to anaI)'7.e possible altematives of the Cty's existing pension plan.. On1uly 1,2011,thcsubcommittee presented its third report to the Cty Council (see Appendix C). Management Partners bas reviewed and researclled the preliminary findings of the subcommittee and have had those findings reviewed by an attomey experienced in public pension law.We have determined that these preliminary findings are valid and realistic.The California Constitution and the regulations of CalPERSgreatly limit the alternatives available to public sector agencies in terms of pension benefit options. The options that are available as weU as various efforts by public agencies and the legislature to increase those options through legislative proposals,initiatives and ballot measures are discussed in detail in below. B ATTACHMENT 6-13 Pension Revision White Paper Revision Efforts Management Partners Some local agencies Mve esl;ablished a second tier of benefits for new employees and greater cost-sharing by current employees.Both . approaches are possible through CalPERS.There is some movement in Charter cities to amend basic parameters in pension plans even for existing employees,but there is great uncertainty about the question of vested rights. The City of San Jose is currently considering a Charter change that would overhaul pensions for ~ture as weU as current employees.However,for local agency members of CaIPERS,reform options are limited absent state legislation.Any more significant change must,therefore accurst the sta.te level through the legislature or through the initiative process in order to allow greater flexibility to those agencies contracting with CalPERS. The following sections present current efforts to affect change (or public sector pension options. City ofSan Jose Ballot Measure On May 13,2011,Mayor Chuck Reed.Vice Mayor Madison Nguyen and Councllmembers Rose Herrera and Sam Licardo placed presented an agenda item to the City Council recommending that the City:1)declare a fiscal and public safety emergency,and 2)amend the City Charter to limit retirement benefits and require voter approval of increases in retirement benefits.Thespedfic recommendations were as follows: •For new employees,absent vorer approval for enhancements or increases,limit retirement benefits to a hybrid plan that may consist of sodal security,defined benefits or defined contributions with maximum City contributions in total being not less than 6.2% or greater than 9%of base salary or 50%of the costs of the benefits whichever is less. •For existing employees,without voter approval of enhancements or increases/limit retirement benefits as follows: 9 ATTACHMENT 6-14 Pension Revision White Paper Revision Efforts Management Partners o Benentseamed and accrued to date would not be reduced but additional pension benefits shall accrue'at a maximum rate of 1.5%per year of service. o The age of eligibility for service retirement would be increased by six months annually on July 1 until the retirement age reaches the age of 60 for police officers and 65 for all other employees. •For existing and future retirees,without voter approval or enhancements or increases,institute the rollowing changes: o Limit increases in pension payments to retirees to the . increase in the Bay Area CPI,not to exceed 1%per year. o Allow bonuses or other supplemental payments only to long term service retirees or disability retirees whose household income falls below the poverty level. •Place addil:ionallimitatlons on growth in retirement benefits if the fiscal and public safety emergency gets worse. Four legislators asked the Office of State Attomey General to review the San Jose emergency proposal.The response was that "unilateral impairment"of any contract "causes us deep concern,"This phrase indicates that legal action would be taken against the City of San Jose in response to this proposal.Rancho Palos Verdes and similar cities cannot ignore such expected litigation costs. Californians for Fiscal Responsibility Initiative The Pension Revision Subcommittee requested that Management Partners identify the provisions oCthe Fair and Sensible Public Employee Retirement Plan Reform Act.This initiative is sponsored by the nonprofit organization Californians for Fiscal Responsibility.The stated provisions of the Fair and Sensible Public Employee Retirement Plan 'Reform Act are as follows: •Aligns state and local government retirement benefits with those offered by the federal govemmentand large private employers. o Employees hired after JulyI,2013 are eligible for a defined contribution (DC)plan. o Defined benefit (DB)pension for new employees will not exceed the plan offered to federal workers on Juiy1,2011 (1.1%of highest three-year average at age 62 multiplied by years of service). o Qualifying compensation will not exceed 75%of taxable social security wages. 10 ATTACHMENT 6-15 Pension Revision White Paper Revision Efforts Management Partners o Defined bsnefitsarEl payablewben employ~es reach the retirement age established by Social Security (Currently age 62). o Employees not covered by Social Security shall be provided with a supplemental defined benefit equivalent oEsocial security. •Public employees and taxpayers share costs. o Current and futUre employees pay halE the cost of pension and retiree health benefits. o Defined benefits shall be based on an average of three' years of quaIifyingcompensalion which excludes overtime,sick,vacation,bonuses and severance. o Retroactive benefit increases are prohibited. o New employees may not receive lifetime medical benefits prior to age 65. •Improves efficiencies in benefit delivery. o Disability benefits are provided by a join t powers authority,self*insurance or private companies. o PUblic employers shall provide competitive life insurance and disability benefits integrated with retirement benefits and other insurance. o Public employees may opt aUlaE l:heirretiree healthpJan. •Improves governance and accountability of pUblic pension plans. o Two--thirds of a public pension plart's governing trustees shall be independent of the retirement.system and two~ thirds of independent lTust.ees shall be certified or licensed financial,actuarial,accounting,legal,benefits or investment professionals. State Legislature Bills The unsustainable reality of current.pension systems and associated liability has resulted in numerous efforts by the legislature at reform.In 2010,two bills,AB 194 and AB 827 were passed by the Legislamre but then vetoed by the Governor. AB 194 would have limited the maximum salary upon whid1 retirement benefits are based to no more than 125%of the salary recommended by the California Citizens Compensation Committee for the position of Governor.An 827 w()uld have prohibited an empl()}'ntent contract for a local excluded employee from including any clause that provides for an aut.omatic renewal,an automatic compensation increase,or an automatic compensation increase in excess of a cost*of-living adjustmel'lt.The bill n ATTACHMENT 6-16 Pension Revision White Paper Revision Efforts Management Partners would also have required localagencies to complete a performance review for any excluded employee before an increase in compensation in excess of a cost-of-Iiving adjustment may be implemented for that individual. So far in 2011,a number of Assembly Bills and Senate Bills have been proposed that wouldmal~e significant cli.tt\ges topenslonslfucturcs.The fate of these bills remains to be seen.Among these bills are: •AB 344,which would place limits on final compensation and on post-retirement employment. •AS 646 which would prohibit a public agency from implementing its last.bestand final offer in bargaining until atleastlO days after a fact finders'written findings of fact and recommended terms of settlement have been submitted to the parties and the agency has held a public hearing regarding the impasse. •AB 875,which would prohibit public employees first hired on at' after January 1,2012 from using credit for acerued leave or overtime tor purposes of determining final compensation. •AB 961,whicl1 would exclude matters relating to pension benefits from the scope of representation of public employees,thereby prohibiting employee organitat:ions from negotiating pension benefits with public employers. •AS 1184,which would require the contracting agency from which a non-represented CalPERS member retires to pay that portion of the liability for creditable service performed for a prior contracting agency tllat exceeds 115%of the last salary paid by that agency.It would also prohibit contracting agencies from establishing their own plans for individuals that firstbecome CalPERSmembers on or after January 1,2013. •AB 1248,which would requIre a local public employer to prOVide coverage under the federal Social Security system to all employees who are not covered by a defined benefil:plan. •AU 1320,which would establish a Taxpayer Adverse Risk Prevention Account for each CalPERS employer whose assets would be invested with other CaIPERS assets and be available to pay employer retirement contributions that exceed the normal cost of benefits. •SB 27,which would provide that any change in salary, compensation or remuneration principally for the purpose of enhancing the benefits of a member (known as spiking)'Would not be included in the calculation of the member's final compensation. It would also prohibit any member who relires on or after January 12 ATTACHMENT 6-17 Pension Revision 'While Paper Revision Efforts Management Partners 1,2013 from periormingsetvices for any employer ,covered by their retirement system for 180 days.. •sa 520,which would require CalPERS to establish a hybrid retirement plan for public employees who become members on or after January 11 2013 and would prohibit those plans from creating a vested property right for members with respect to any employer contributions before retirement. •5B 526,which would specify for employees hired on or after January],2013 that final compensation means the highest annual average compensation earnable during a consecutive 36·month period of membership.The biU would also prohibit the addition of compensation fur acetl.1ed leave at overtime wotkin the cal(:tjlation of final compensation. Initiative process In addition to the bllls moving through the Assembly and State$enate, there is a state initiative called the "Public Employee Pension Reform Act" (Initiative 11·0007)that would change the State Constitution and: •Set the retirement age at 62 for current and new employees. •Limit pensions to 60%of a thr~year average salary. •Require employees to match public agency retirement contributions. •Allow public agencies to modify pensions. •Ptevent pension changes through collective bargaining. CaJPERS Position on Reform Efforts In July 2011,CalPERSissueda paper titled Vested Rigltts oj CofFERS MumlJars (included as Appendix D).The document states:. • A public employee's right to the retirement benefits earned during employment is generally a vested righl:. •Public employee retirement benefits are contractual obligations entitled to the protection of the "Contract Clause"of the State Constitution as well as provisions of the Federal Constitution forbidding the impairment of contracts. •Promised benefits may be increased during employment but not decreased,absent the employee's consent. •The courts have established that this rule prevents not only a reduction in the benefits that have already been earned,but also a reduction in the benefits that a member is eligible to earn during 13 ATTACHMENT 6-18 Pension Revision White Paper Revision Efforts Management Partners future service.This statement is particularIypertinent to the San Jose ballot measure.I •Employees to be hired in the future do not have vested rights to any particular retirement benefits and there is no constitutional impediment to unilaterally redudng (or even eliminating) retirement benefits for new hires. •Some employers may l:ohoose to pay a portion or all of the retirement contributions otherwise required of their employees. These payments typically are negotiated dUring collective bargaining and the law provides that the employer may "periodically increase,reduce,or eliminate"such payments. This paper suggests that CarPERS would go to court to protect the rights of its members as outlined above. ATTACHMENT 6-19 Pension Revision While Paper Rancho Palos Verdes Data and Assumptions Management Partners The following section of this white paper presents key data elements and assumptions that contribute to retirement cost projections.. Turnover Rate Rancho Palos Verdes staff assumes a turnover of two employees per year. For the periodof]anuary 1,2005 through April 30,2011,turnover averaged 2.8 employees per year.This equates to an average annual turnover rate of 5%.This calculation does not include two employees who were laid off during that period. A 5%turnover rate projection is conservative as turnover will probably increase when the economy improves.Additionally,a number of City staff members are approaching retirement age which could also accelerate the rate of turnover.As of this writing,City staff are re- calculating iii range of projected savings,using a low of two employees leaVing per year and a high of five leaving per year.Higher turnover will result in additional savings for the City as current employees under the 2.5%@ 55 1011"l1ula are replaced by new employees with a different retirement tier (with a lower formula). Salary Increases Rancho Palos Verdes staff assumed annual salary rate increases of 3% based on historical data (2.8%annual cost of living adjustment [COLA1 increases and 2.2%merit increases).Even though salary increases may average less than 3%over the next six years,we are using that projection as Management Partners does not want to OVerS&1te the savings which wiJIbe higher if salary increases average less than 3%. Projected Savings If the City were to grant a one-time 5%pay increase in exchange for employees paying the full 8%employer retirement contribution (instead of paying 1.5%as they currently do),and establish a 2nd tier with a IS ATTACHMENT 6-20 Pension Revision White Paper Rancho Palos Verdes Data and Assumpllons Management Partners 2%@l6O formula and three year average compensation basil!tor new employees,projected savings from current pension costs would range between approximately $81,000 and $98,000 in year one based upon a turnover rate of 5%and 7%,with increased savings each subsequent year rising to approximately $347,000 to $478,000 in year six.Therefore,the total pension savings over the initial six years would range between $1.2 million and $1.6 million.Savings calculations based on lower average salary increases and/or higher turnover will increase these projected savings. Employee Retention An unintended consequence of the 2.5%@ 55 plan is that by having the retirement formula top out at age 55,employees do not have an incentive to remain employed beyond age 55 even though they may still bave much to contribute.In fact,many public employees,after reaching age 55 and retiring from a public agency,continue to work for another employer or become self-employed. The 2%@ 55 and 2%@ 60 fom'lulas both read'l their maximum percentage (2418%)at age 63.Under both of these formulas,employees have an incentive to remain with the public agency beyond age 55 and up to the more realistic retirement age of 63. CalPERS Contribution Projections Under the current 2.5%@ 55 formula with single highest year compemiation basis,and assuming.an ongoing investment returns of 7.75%,CalPERS projects the following employer contribution rates for the next five years: •2012/13 -13.8% •2013/14 -15.5% •2014/15 -15.8% •2015/16-16.1% •2016/17-16.4% These increases are not sustainable as defined by the subcommittee.The rate increases can be mitigated by moving to a second tier for new hires, as illustrated in Table 1.CalPERS provided the following rates for new hires under three retirement plan scenarios. 16 ATTACHMENT 6-21 Pension Revision While Paper Rancho Palos Verdes Data and Assumptions TaMe 1.CnIPERS RIlles Ilnder Various Satlltlrios Managemenl Parlners Figure 1 shows CalPERS'historical investment returns. Figure 1.CalPERS hIVes/lllcnl Ret1l11lS l I Stmm::Actlmr/al Presi!lIfalioll/or till:City of Rnm:/ro Pnlos Vcrd5 by Kung-pe;Hwang.CnIPERS Senior Pensio/l Achmry.111JOnO 17 ATTACHMENT 6-22 Pension Revision White Paper Observations and Options Management Partners It is neither practical nor feasible for the City to move out of the CaIPERS retirement system and into another system.Rancho Palos Verdes is a General Law City rather than a Charter City.Thls alone severely limits retirement system options.Even if the City could move out of CalPERS, there are no practical alternatives for a small dty such as RPV. Additionally,in order to move out of CalPERS,the City would have to pay a large "termination fee"to cover liability forlUture retirees, pursuant to the existing agreement with CalPERS.ntis is something the City cannotunilateraUy change.Given the realities of remaining within tile CalPERSsystem we looked at theoptionsthnt are available to the Cily within CalPERS. There are three primary ractors that determine the City's retirement costs: •Type of retirement formula offered to employees, •Final compensation basis that is used for benefit calculations,and •Any portion of the employer retirement contribution that is paid by the City (referred to asemployer"paid member contributions [EPMC]). An additional factor that may impact costs is whether employees have the ability to increase the compensation basis during their finalyear(s) or service ("retirement spiking"). RetiretnentFornnuJa Ci ty employees are currently under the 2.5%@ 55 formula.With this formula,at age 55 an employee's retirement benefit is calculated by multiplying the years ofquaHfied service by 2.5%and then multiplying final compensation by that percentage.For example,an employee 55 or older with 25 years of qualified service would receive 62.5%of their final compensation (2.5%x25 years).Under this formula,the multiplier (2.5%) does not increase after age 55. Another formula commonly used by public agencies is the 2%@ 55 formula.Under this formula,al age 55 an enlployee's retirement benefit 18 ATTACHMENT 6-23 Pension Revision While Paper Observations and Oplions Mllflilgement Partners is calculated by multiplying the years of qualified service by 2%and then multiplying final compensation by that percentage.For example.an employee aged 55 with 25 years of qualified service would receive 50%of their final compensation (2%x 25 years).With this formula,the mull:iplier (2%)increases up to 2.418%at age 63 or older.So,an employee who i563 years old and has 25 years of qualified service would receive 60.45%of their final compensation. A third possibility that some agencies are beginning to implement for new employees is tl,e 2%@ 60 formula.With this formula,at age 60 an employee's retirement benefit is calculated by multiplying the years or qualified service by 2%and then multiplying final compensation by that percentage.For example,an employee who is 60 and has 25 years of qualified service would receive 50%of their final compensation (2%x 25 years).Under thisfurmula,the multiplier (2%)also increases up to 1.418%at age 63 or older.So,an employee who is 63 \vith 25 years of qualified service would receive 60.45%of their final compensation.Figure 2 below illustrates the different levels of final compensation under these three plans at various ages. Figure 1.Pcrccnttlge oj CompctlSlltioll Under Various Pillus --20/.@55 -+-2%@60 -;;r25t.@55 55 575 ao fl3 I I Additional yean ofsentice 525 1.0 .!--_..;..:;:=-__-.l.-._-__--_ RollrBmantAga 19 ATTACHMENT 6-24 Pension Revision White Paper Observations and Options Final Compensation Calculation Basis Management Partners For current City employees,the final compensation basis is known as single highest year.The employee's single highest year compensation (based on 12 consecutive months)is used in the benefit calculation. Normally,but not always,the highest compensation occurs in the employee's final year of service. An alternate final compensation is known as three-year average.In this case,the employee's highest average compensation over 36 consecutive months is to calculate the benefit.NormaHy,but not always,the highest average annual compensation occurs in the employee's final three years of service. Employer-paid Member Contributions CalPERS has set the employee contribution for the 2.5%@55 plan at8% of salary.Of this B%,the City currently pays 6.5%and employees pay 1.5%,The current employer contribution rate for both the 2%(!!lS5 and 2%@60 plans is 7%rather than the 8%contribution rate for the 2.5%@S 5 plan. For both current and future employees,the City could decide to pay all, parlf or none of the employee contribution.So,for employees under the 2.5%@55 plan.the Oty could reduce its EPMC to.O%o1'any other percentage with employees paying the remainder of the 8%employee contribution. The City also has the latitude to establish different £FMC percentages ror different plans.For example,the C.ty could set a 0%EPMC for employees under the 2.5%@55 plan with employees paying the full 8% while setting a different £FMC percentage (e.g.,3%}for employees under a 2%@ 55 or 2%@ 60 plan. Retirement Spiking As noted above,the retirement benefit is calculated by multiplying final compensation by a percentage factor based on the employee's age and years of service.Also,final compensation is based on either the employee's highest 12 consecutive months of compensation or the employee's highest average compensation over 36 consecutive months.It is in the City's interesft and in the interest of taxpayers,to ensure that employees do not manipulate their final compensation for the purpose of increasing their retirement benefit. 20 ATTACHMENT 6-25 Pension r~evision White Paper Observations and Options Management Parlners One way in ~V'hich spiking can occur is to promote an employee at the end of their career or explicitly to increase their final c:om~nsation. Other forms of increasing salary include special assignments that pay a differential or acting pay.The City should be diligent in reviewing any such late career salary increases to ensure they are based on need and are in the best interests of the City and that they are not being implemented to increase final compensation for retirement purposes. CalPERS has instituted a number of regulations to limit opportunities for retirement spiking.For example,EPMCs are not counted in final compensation by CalPERS unless an agency specifically elects to do so through a memorandum of agreement or ordinance.Employer cash..outs of accrued but unused vacation and sick leave a.re also now excluded from final compensation by CaIPERS.CalPERS does allow unused sick leave to count toward additional service credit (but not toward final compensation).For evel')'250 days (2,000 hours)of unused sick leave,the employee is credited with one additional year of service.This credit is mandated for pooled agendes such as Rancho Palos Verdes.CalPERS estimates the cost this benefit as 0.2%to 0.7%of payroll depending on the amount of unused sick leave accrued by employees upon retirement. Current Options Compared with New Employee Options within Subcommittee Parameters The follOWing applies to current employees: •Cal1nOt change formula •Cannot change compensation calculation basis •Can change EPMC Additionally,the City could provide a Voluntill')'deferred.compensation plan \vith or without the City making a contribution to assist in retaining employees who reach the current retirement age of 55.This option has not been fully studied by Management Partners or by the subcommittee and is not part of our recommendation.However,we do recommend that it be studied further in the future. n,e following applies to new employees: o Can change formula o Can change compensation calculation basis o Can change EPMC Additionally,the City can.provide a voluntary deferred compensation plan with or without the City making a contribution. 21 ATTACHMENT 6-26 Pension Revision White Paper Observations and Options Management Partners Table 2 below summarizes the City's ability to change basic attributes associated with the CalPERS plan based on currenllegal understandings and CalPERS positions. Table 2.City Discl'ctioll with CIltmges to Basic CalPERS Attributes Options for Consideration The following options could be considered by City Council. • Adopt alternative CalPERS formulas ror new hires o 2%®5S o 2%@60 •Institute a threi?year salary basis for new hires •Modify EPMC for new hires and/or current employees •Offer a deferred compensation plan supplement rar 2%@ 55 or 2% @60plans Approaches utilized by benchmark dties are presented in Table 3. 22 ATTACHMENT 6-27 Pension Revision White Paper Observiltjons and Options Table 3.Peel'Compariso1l Management Partners sanjuan capistrano 2.7%@SS Classified: 27.11% Management: 27.11" Average of three Executives: highest yeatS'salary 27.11" Single highest year Classified:Less tnan two years of service 4.47% contribution; after two yeQrsof sl!Nlce 6.26% contribution. Management; 5.01'K. EXecutives: 7.74% Classified staff fOf first twO years: 3.6%-emplovee paysO"'17'K. Classified after two Years, Management, EXecutive:Cltv pays 100%of employee's snare. Clll5smed: 33.37% ManaBement: 32.12% EXecutive: 34.85% I City impfc11lclItl!d Ticr 2 (2%@'60 lVitJt iJtret-yoor nverngeJ 717111. zAolll:·fime 7%sa/my illcrease lI1as providc:d OS 1111 of!5d. 23 ATTACHMENT 6-28 Pension Revision White Paper Recommendations Management Partners Based on the parameters identified by the Pension Revision Subcommitte,analysis of available options,and review of peer jurisdiction systems,Management Partners offers the follo\'ving recommendations. Current Employees The City should retain the 2.5%@ 55 formula and retain the single- highest year basis.In addition,Management Parmers recommends that the City: •Decrease EPMC from 6.5%to 0%. •Grant a one-time 5%salary increase in conjunction with increasing the employees'portion of retirement contribution from 1.5%to 8%.This results in a net savings to the City of 1.5%of payroll in year one and in each subsequent year. Note:Prior to 2007,the City paid the entire employee retirement contribution and employees paid nopomon of the contribution.In 2007, City employees were asked to vote on whether to increase their contribution from 0%to 1.5%in conjunction \vith improving the retirement formula from 2%@55 to 2.5%@55.TI'Ieemployees voted to do so. Although we beHeve the City has a good legal basis to reduce the EPMC for CUr.tent employees,City employees might take the position that since they voted on setting the EPMC at 6.5%,the 6.5%EPMC is a vested right. This specific issue is untested in litigation.To minimize the costs of potential litigation,we recommend that the one-time 5%salary increase be implemented to partially offset the 6.5%EPMC reduction.This offset will greatly reduce the potential of litigation alleging that the 6.5%EPMC is a vested right. 24 ATTACHMENT 6-29 Pension Revision White Paper Recommendatiol'lS New Hires Management Partners Management Partners recommends that the City change to 2%@ 60 formula.In addition,we recommend that the City: •Change to three-year average basis. •lnstituteEPMC of CI%with employees paying the full 7% employee contribution. •Offer an optional deferred compensation plan r401(a)or 457{b} plan]with the City contributing up to 1%or 1.5%to new employees who elect to participate in and make contributions to the plan.In the interest of faimess and practicality,once established,the 1%to 1.5%City contribution amount should remain at that level unless it is necessary to change it due to severe and unantiopated finanoal orcumstances. Note:the cost to the City for the 2%@60 plan with a matd1ing 1.5% contribution to a 457(0)plan is slightly less than the cost of the 2%@ 55 without any matd,ing.Since both plans "top out"at 2.418%at age 63,the benefit to employees whowork until age 63 is significantly greater under the 2%@ 60 plan with the 1.5%match than under the 2%@55 plan without the match. Moving the age at which the retirement formula "tops out"to 63 has benefits fur both the City and its employees.the City will retain experienced employees beyond the current retirement age of 55 while also reducing recruitment and training costs for senior level positions. Employees ,"ho retire at age 63 rather than the current age of 55 while enjoying a City contribution into a deferred compensation play will enjoy a mota secure retirement In several ways: By working for the City to age 63 rather than age 55,employees will retire with more years of service which is a major factor in the retirement benefit.Since employees who retire from the City at age 55 often continue in employment elsewhere,the employee'S work years will,in many cases,remain the same. The 2.5%@5S tier has a maximum benefit of 2.5%while the 2M'60 tier has a maximum benefit of 2.418%(less than 0.1 %difference). 111e cumulative effect of the City's deferred compensation contribution of 1%--1.5%over the course ofemployees'careers more than makes up for the minor ciiffetance In the maximum formulas in the two tiers. 25 ATTACHMENT 6-30 Pension Revision White Paper RecommendAtions Current Employees and New Hires Management Partners Management Partners recommends that the City closely review and limit any final year compensation increases to preclude spiking. Under these recommended reforms,the City will achieve immediate first year savings 0£1.5%or payroH.Absentany current staff leaving the City, ongping annual savings of 1.5%wiH be realized.Significantly higher savings will be achieVed as current employees who are under the 2.5%@ 55 formula are replaced by new employees under the 2%@ 60 formula. ATTACHMENT 6-31 Pension Revision White Pilper Appendix A -First Pension Subcommittee Report Management Parmers 27 ATTACHMENT 6-32 Members:Stefan Wolowicz and Thomas Long Initial Meeting:December 1,2010 Although tl1e sUbcommittee antfcipafes conducting additional meetings and working with an Independent consuJlant to attempt to fOrmulate one or morEl proposals fOr pOSSible penSion revIsion to beconsldered by the city councllas a whole.the subcommittee felt if .would be useful to issue a set of preliminary observatlonsand common agreements under which the subcommittee is working fortl1e purpose of providIng information to those interested in the subcommittee's work.These observations and common agreements are sUbject to reviSion If the Independent consultant presents Information not currently known or considered by the subcommittee. QpelYdons: A.The average benefit collected from the City of Rancho Palos Ven:les pension plan by retlreesls apprOXimately $1,000 per month.Rancho Palos Ven:les employees do not eam Sooial Security benefits based on thefr time with the City. Accon:ling to the speakers at the Deeernber 7,2010 meeting the City's pension benefits are about average When compared to those offered by other comparable cltIes. 13.Funding the CIty's pension benefits,even afterslgnlflcant investment losses have required large increases in contributions,consumes about 3%of the City's general revenue budget.Protective service employee pension costs ere not under the control of.the city council.Fire Department penslons are under the fire department's budget wIfhin the County of Los Angeles.Sheriff Department's pensions are under tl1e control or the st1edff.AlthOugh the Cft¥contracts will1 the Sheriff to provide police services,the City has no control over the SherIffs pension pondes. C.Prior to the Initial subcommittee meetlng the CitY Manager relayada concern expressed by Staff that included in the concept of "Ve$tedbenetitS"ls the percentage of employees'portion of contnbUtiOl1.While 1hecora elements ofthe existing employees plan shoUld not change,the d'lSl::I'eticnary latitUde ofthfs percentage needs to be clarified and Understood.Moreover the independent aon~uJtants I'llaV identify other factors that are not now known for eonstderation. D.The subcommittee was established by the CounoHto address concerns expressed by council members about the City's rising pension costs both in terms of absolute dollars and as a percentage of covered payroll.The suboommittee was also tasked to consider the potential Impact,IT any,of underfundIng of vested benefits. 1 ATTACHMENT 6-33 (2) .(3) E.Various factors contribute to the oomplexity of the subcoml1'1ittee's tast<s end may be beyond the control ofthe council end the City.These [nciude: (1)Unpredictable and uncontrollable impacts on investments from market performance and changes In actuarial factors that affect the costs of benefits. CmPERS offersomya limited set of options.Based on comments from the speakers during the Oecember7,2010 it is our understanding that CalPERS does not provide service for Defined Contrlbufionretirement plans.CalPERS would require citles offering a second tier defined contribution plan to place the defined benefit plan with another plen adminlstrator. Adopting changes to the City's pension plan that would reinstitute Social security benefits or adopt currently unavailable formats may require agency rulings.judicial Interpretations,end/or legittative action. Oommon Asl!@!l!@rrt!: 1.The subcommittee is considering changes In pe:nsion fonnu'as, contrtbutlon~and benefits only for ne:wly..flired employees.The subcommlf:fee Is not now considering any cha Whether It Is In benefits or funding of conlnbutions. for existing employees and of the City of Rancho Palos Verdes. 2.The subcommittee is not considering options which involve the City departing from the califomia PUblic Employees Retirement System (J#caJPERSn ). Given the preliminary comments received.the subcommittee has found that departing from caJPERS Is not now practk::aJ or cost~. 3.Any revisions made to the City's pension benefits should not degrade theCity's abflllyto recrui'tand ....n hlghquality professional employees.The City has a long established poUcy of attempting to provide compensation at the 15U1 percentile when compared to ether comparable ·CaJifomla cities as a way of recruiting andrefainingskilled employees. 4.The primary purpose of pension revisions Is to control cOS'fs and to provide a sustainable pention plan.If may ba found that given viable alternatives now available retirement costs cannot be significantly reduced but onlY limited In the increasas.The purpO$El of pension revisions is not to cut pension benefits to existing employees or otherwise disrupt the CilYs relationships with its employees Of with potenlial recruits.Instead,the PurPose is to assure that pension contributIons both appropriately fund promised benefits but also are within the Cif.Ys abilities to support. Future pension cost increases should be controlled such that the City's overaJ]pension costs remain a relatively low share of the City's bUdget and do not grow dIsproportionately compared to other ofthe eIYs costs.A sustainable pension plan providing goed value benefits is In the common interest ofbofh the City's employees and·if$residents. i.. 2 ATTACHMENT 6-34 s.Broader pension revisions are likely to be effective,ifat aIt,only at a higher government level.Members of the SUbcommittee and/or members of the public may support different and more considerable reVfslons to pension benefits for public employees,However.a broader scope of revision may notbe possible at the level.of a CIty the Consultants wllJ be asked to identify viable (practical and cost- effective)alternatives.Significant alternatives may beroade available to muniCipalities through action by the govemor.legislature,ballot Initiative,or new models developed for munlcipafrtfes.The current orfuture Councifs should be free to consider those altematives as they arise. As the subcommltteeproceeds forward,lt hopes to develop a consensus as to Whether or not a viable revillon to the CIy's existing pension program •necessary and pO$$lble.Ifsuch a consensus in favor of a revi&ion emerges,the subcommittee Win either reech a consensus on a single proposed option for a revision or perhaps f.lNo 01" more optfonsforthe entire Council to choose among.We anticipate at least ORe additional report summari2:fng the results of recommendations from tha retained lndepende"nt consultant and our additional work. Dated January 4,2011 Slncarely, 3 ATTACHMENT 6-35 Pension Revision White Paper AppendixB -Second Pension Subcommltl@ Report Management Partners 28 ATTACHMENT 6-36 second Report of the Pension Sl.IbcornmittM pi the gtv.Counml fgr the .City pi Rancho Palos Verd.~. Members:Stefan WoIowlcz and Thomas Long Date 7 June 2011 This l'Iportsupptements 1he SubcommiUeE!'searller report of December 7,2010,a copy ofwhlch is attached for your reference.nm Subcommittee reaffirms the observations and common agreements announced in its firSt report Of December 7.2010.The .purpose oftilis report is to adVise tile Council.the City employees and the publio of further efforts by tile Subc:ommitteesince the time of our last report. The Subcommittee is continuing to study options designed to assure th:et the Gity's pension plan remains sustainable and practtoal.Based on information gathered and .r··'" pending meeting with an advisory consultant the SubCOl1'll11fl.teehes 'tentatively.';,,,:;.', concluded that the present range of options avaUabJe to It is faJtJy llmltad.The~··".'.·"l!.>~ Subcommittee tentaflvely does not expect to recommend that Rancho Palos'Verdes .,';',. leave CalPERS.These 'tentative conclusions have been reached due to two primary:".., reasons.First.the Cf4t Is too small to bearthe costs Of maintaining its own pension'plan ",. aqd .presently securinganaJtematJve plan and sponsor does not appear viable,. accordingly leaving CaJPERS is not a viable opflon at this time.It is expected it1at . uitlmataJy major reform by the state legislature will be necessary to provide the1evels of... changes now required by CALPERS.Second,the SubcomlTl1ltee hopes to avoid."," recommendiJ'lg changes to the City's pension that couid pose a Significant risk 10 the' City In~litigation. With the above restrictions in mind,the Subcommittee is continuing to work to develop a consensus propcsal to the COuncil for changes In the City's pension plan that wi'll bolster its sustalnabUf4t by stabillzing the City's pension costs as a percentage of payroll.The Subcommittee is exploring creating a second tier pension plan for new employees.The SUbcommittee is also eJq)loring adjusflng the contributions of current employees toward the pension plan coupled ..an equltabfe adjustment in the salaries of current employees.Staff has presented the SUbcommittee with a number ofoptlons and predicted savings from each of the options.The Subcommittee needs addilional time to study these options and needs to confer with an independent pension consuJtant.We hope to select and begin conferring with the Independent consultant within the followlng month. In its first report,the Subcommittee indicated that it was planning to work with an Independent consultant.staff promptly prepared a request for proposal but received only one bid In response to that initial proposal.The SubcommiUeEI felt it was necessary 10 circulate a new proposal and to soJiclt additional bids.Through no fault of the staff,the process of obtaining an Independent consultant has,unfortunately,been delayed.Nonetheless,the Subcommittee anticipates conferring with an indep'endent 1 ATTACHMENT 6-37 consultant to confirm Its own assumptions and the Information that staff has provided to it and develop1ns a final reporttotha Counclhvlthelther a consensus recommendation orvlable alternative proposals fOr the Council to consider within the next three months. The Sl.1bOommlttee attended III recent presentation of the Los Angeles Oivlsionofthe l..eague ofcarlfomia Oltieson Pension Reform.A handout containing some . backsround informstiondlscwssed attl1at meeting Is alSo altached to fiareport The Subcomrnitfee is providif'lg this report and the attaChed infOI'n'Iatk)n and will be Prepared at our meeting on June 7.2011 to respond to q.uestions by the Council. Dated.&.,.2011 Sincerely, '.... ATTACHMENT 6-38 Pension Revision White Paper Appendl~C-Third Pension Subcommittee Repprt Management Partners 29 ATTACHMENT 6-39 Third Report of the Pension Subcommittee of the City Cpunei! for the Cltv of Rancho Palos Verdes Summary of Meeting of July 1,2011 Members:Couneilmember Steve Wolowicz and Mayor Tom long Consultants:Andy Belknap and Tim Sullivan,Management Partners,Inc. The Subcommittee reaffirms Its observations from its initial two reports.For ease of reference those two reports are attached. Goals of the proiect •Consider recommendations to the Council for possible changes in RPV's pension structure to assure long term sustainabUity that does not expose the City to risk of litigation or deteriorated employee relationships.. •Provide the Subcommittee with advice and confirmation of issues that the Subcommittee has encountered during the preliminary gathering of information.Also include comments and advice as to the potential Implementation or probable roadblocks of the adoption of a definedcontribution·type plan. •Sustainabllity generally means ensuring that pension expenditures become a predictable and generally flat percentage of payroll. •Management Partners will assist the Council Subcommittee in reaChing a recommendation and will prepare further interim reports after each meeting with the sub-committee. •Present a final report to the City Council in September,ideally at the first meeting of that month. Areas to consider in formulating recommendations: Given the preliminary information obtained by the Subcommittee.the Consultants are to provide advice as to the expected viability of adopting an expected "second tier"defined benefit plan for new employees. e Whether to move from a single highest year salary basis to a three year average salary basis. •How to provide protection against any possible retirement spiking,by for example converting vacation or sick leave into compensable pay for purposes of retirement calculation II Whether to offer a one-time 5%salary increase in exchange for increasing employee contribution from 1.5%currently as follows: o Current employees pay 8%retirement contribution and stay in 2.5%@ 55 plan o Future employees pay B%retirement contribution and move to 2%@ S5 plan or 2%@GOplan. ATTACHMENT 6-40 •Whether to offer a Second Tier Plan to current employees on a voluntary basis with some incentive such as lower contribution rate or employer matching in a Deferred Compensation plan.Also consider employer matching in a Deferred Compensation plan generally for the possible Second Tier Plan. •Determine how to ensure that any new pension plan does not require Social Security coverage Desired action Items: •Examine and comment on assumptions in the Subcommitee's two prior reports. •Confirm staffs data as submitted to the Subcommittee and the Consultant. •Determine the City's actual turnover rate for the past 10 years. •Determine if the a.nnuity percentage for 2.596 @ sS and 2%@ $5 even out at any age. •Cite potential pension reform ballot issues (David Crane and Marcia Fritz or other credible expected sponsors of pension refOrm initiatives IIke.ly to be proposed to California voters)in the report. •Explore the assumption and explain why it is not feasible or practical to move beyond the concept ofsustainabiiity (i.e.,a defined contribution play). •Estab.lish the credibility of the data and numbers. •Determine which cities to include in comparisons: o Coastal contract cities without public safety employees o Those with similar demographics o General Law o High cost of living •Show the experience agencies with their own pension plans (e.g.,Orange County)hava had. •Gather hIstorical records of CalPERS contributions foru.nfunded future liability. •Address the Issue which some raise that pension reform must come from the State level. •Beahle to say to staff,"Yes,these changes will cost you more but it will assure pian sustainable.You don't want to be a mambet of a retirement plan that is not sustainable." •Also be able to explain the reasons that now exist which are likely and valid reasons which now ptevent discontinuation of defined benefit plans in favor of defined contribution plans. Questions to answer by the Consulting Advisors: •Ifthe City moves to a two tier plan (2.5%@ 55 for current employees and 2%@ 55 for new employees with all employees paying 8%retirement contribution)will they reach a level percentage of payroll within 3·5 years?If not what would be a reasonable period of time within whIch to reach a level percentage of payroll? •Assess the uncertainties associated with calPers including: ATTACHMENT 6-41 o Variability I volatility of contribution ratesi' o Unfunded future liability?Note:ltis expected that the Advisors must be prepared to fully explain the Importance or lack of importance ana this issue, •What is the status of the IRS ruling on Orange County? •For the possible new second Tier Plan,is it possible to include a voluntary DC Plan (457 Plan)? •Can a 2%@60Planbeenrichedbyaddingadeferred compensation component? •Is it legal and otherwise advisable for the City to make contributions to a deferred co.mpensation plan based on age or years of service (as an incentive for staff to work beyond age 55)? • A critical and important part of the consultants'advice includes a full description ahll viable,legal and practical alternative retirement plans which reasonably considered for adoption by the City. Timeline: Develop a draft report for review by the Coundl Subcommlttee.in advance of a final report presentation for the September 6,2011 Council meeting. ATTACHMENT 6-42 Pension Revision Whit!!Paper Appendix 0 -Vested Rights of CalPERSMembers Manageml?rtt Partners 30 ATTACHMENT 6-43 Vested Rights of CalPERS Members Protecting the pension promises made to public employees July 2011 ATTACHMENT 6-44 CalPERS Profile The California Public Employees'Retirement System (CalPERS)is the nation's larg~t public pCll$ion fund with l1SseU ofapproximately 5240 billion. HClIdqu\\tterc:d in Sacr:unelltO,CaIPERS provid~retirement and hc:alth bcnefi [services [0 more than 1.6 million members and 3,033 school and public employe:l'$.The:Systcm also operates eight Regional OffiCeS located in Fresno, Glendale,OrangJ:',Sacmmento,San Diego,San aernardinc,San Jose,and \'<Iatnut Creek.Lcd by a 13·member Board ofAdministrarion.consisting of mcmber·elettc:d.appointed,and ex officio membets,QIPERS mc:mbel'$hip consists ofapproximately I.I million aCTive and inactive:membcnandmore than 500.000 retirees,beneficiaries,and survivol'!from State.school and public agencies. Estnblished by l,:gislation in 1951.the SyStem became opcrationuJ in 1932 for the:purpose of providing a secure retirement to State c:mployc:c:s who dediatC:their areers to public service.In 1939.new legislation allowc:d public agency and c:lassi.fic:d school employees m join the:System for retirement benefits.CaIPERS began administering heuJdl bc:m:fits for SUte employees in 1962,and five years later.public agencies joinc:d the Health Program on a comraCt basis. A defined benefit retirement plan,CalPERS provides benefitS based on :l member'syc:ars ofservice.age,and highest compeu5:ltlon.In addition, benefitS are provided for disability and death. Toda}'C:dPERS offers addirional progmms,including a deferred compenstion retirement 5:lvings plan,member education services,and an emploj'cr frust for po5t~rctirement benefits.Learn more at our website at www.cuJper.s.ca.gov. ATTACHMENT 6-45 Contents I.Introduction .3 II.Overview:Member Benefits And Contributions.• 4 Ill.Overview:Employer Funding Obligations.. .. 7 IV.California Contract Clause as Applied to Public Employees'Retirement Benefit Rights . ...•..•.8 V.Federal Contract Clause as Applied to Public Employees'Rights in California..12 VI.CslPERS Members'Rights . . .... •.13 VII.The Role of CalPERS in Protecting Members' Vested Rights ..16 VIII.Conclusion .. . . . ... . . • . ..17 ATTACHMENT 6-46 2 I Vested Rights of CalPERS Members ATTACHMENT 6-47 I.Introduction RL'Cem economic crises affecting the world's governments and markets have brought hscal pressures an state and local budgets in California.Budgetary constraintS have:focused linen- cion on the cose of providing public services.and no COSt has received more attention than the compensation and benefits earned by our public employees.Commissions.poliricalleaders and private citizens ail have weighed in on the subject.each proposing wide-ranging "reforms" aimed at reducing theretirc:mC:At benefits earned by public servants.Proposals have included. for example:moving to less advantageous benefit formulas.imposing caps on pensionable compensation.dlanging the definition of pensionable compensation to exclude items that are currently induded,lengthening the "final compensation"period on whkh benefits are calcu- lated.restricting employees'rights to purchase additional service credit.lengthening eligibility periods,increasing employee contributions and eliminating employer paid member contribu- tions.Many of these proposals seek to apply d,ese "reforms"to currendyactive employees as well as ri,ose who may be hired in the furure. Understandably,this attention on me compensation and benefirs of members of the California Public Employees'Retirement System C"CaiPERS")has raised concerns as to the level ofassurance the law provides mat promised pensions will be available upon retirement, C~IPER5 has prepared this paparior two purposes: ..To articulate the current state of California law regarding the nature of its members'pension rights and the extent to which such rights have become "vested"and may not be impaired;and ..To explain the role of CalPERS in ensuring that its members'vested rights are honored. This paper is not intended to respond to any particular proposed legislation or initiative, Rather.it is inrended to present CaIPERS'institutional views in the broader context Onts primary governing laws:the California Public Employees'Retirement Law (GOV't Code §§20000.er seq.)(the "PERL")and the California and United Stares Constitutions.The merits and enforceability of:my new proposal must be analyzed on its own unique terms and conditions. Finally.although some of tlte general principles and aurhorities discussed in this paper may be relevanr to plans CalPERS administers other than the Public Employee Retirement Fund defined benefit plan,chis paper is not intended to address any issues related (0 the CarPERS'ht."alrh benefits plans.defined contribudon plans.rhe Legislaror's Retirement System or the Judicial Retirement Systems (I and Il). Vested Rights of CalPERS Members I 3 ATTACHMENT 6-48 II.Overview:Member Benefits And Contributions C:tIifornialaw dearly esmblishes chat public employee reriremenc benefits ate a form of deferred compensation and pare of the employment conrmee.Rights co chis deferred compen- sation are earned when the employee provides service:to the public employer. By statute and contract.public employers.not CalPERS.decide how much of an employee'scompensation will be paid currendy and how much will be deferred and paid in the fueure.Simply put.employers grant che benefits owed co C.1.lPERS'members.CalPERS in curn serves as the tru.n:ee ofthe trust created to fund these benefits,through the prudent administl'l1tion and investmene of the retirement fund. The rights of :til CalPERS members art':established by statute.In the elSe ofloc:tl agencies. members'rights are also governed by the contract benveen ehe agency and CalPERS.When contracting with CalPERS,loc:tl agencies may choose from a menu of options.Benefics for CalPERS members are often the produce ofcollecrive bargaining. This seceion provides a gener:tl overview of the core bendits earned by CalPERS members.It is not intended to be 11 comprehensive description of aU benefics and rights of all C:t!PERS members. A.Service Retirement Allowance Each CalPERS member earns service credit cowards a lifetime retirement allowance after employmcnf,c:tlculated under a formula which accounts for the members years ofcredited service,the member's "finlll compensation"and the member's age at retirement'.Each benefit formula is commonly referred to as a specified percentage ofa member's "final compensation" for each year ofservice.based on a particular age at retirement.For example,under a "2% at 55"benent formula,a member receives 2%of his Or her "final compensllliion per year of credited service.if that member retires at age 55.If the member retires earlier or later than age 55.the member receives a lower or higher percentage of"fjnal compensation,"according to asraturory rable.For example,under the "State 2%at 55"mble.a member retiring at age 50 receives 1.1 %of "nnal compensation"per yellr of credited service.A member r.eriring ac age 63 or older receives 2.5%of "final compensation"per year of credited service. As noeed,each formula applies a multiplier to i1 member's "final compensation."For some members."final compensation"means the highest one-year average pensionable "compensation earnable"that they earn during their careers.For other members,the highest annualized three- year average "compensation eamable"that they (',1.m during their careers is used.In gener:tl terms,"compensation earnable"includes the member's "payrace"(essenci:tlly base s:tlary)and certain items of "special compensation,"which are established as pensionable by law or regula- tion."Compensarion eamable"generally does nor include items such as overtime pay and amounts that ate not available to employees in the same group or class of public employment. 4 I Vested Rights of CalPERS Members ATTACHMENT 6-49 a.Disability Retirement Allowance If a member has an injury or illness milt prevents the member from performing the customary dudes of his or her regular position,the member may be eligible for 11 disability retirement.If a member's disability is the result ofn job~related illness or injury,and the member is n school, loal or State safety;State peace offic:erJ6refiglner,State industrial.or State patrol member.the member may be emided to an industrial disability retiremenr.Local miscdlaneous membets also may be eligible if their employer contraers with CalPERS to provide for an industrial disability retirement. . A member who is grameda disability retirement receives the greater of the service retire- mt:or :dlowanct:(if eligible)or an allowance based on a specified formula applicable to rhar member.A member who is gran red an indusrrial disability retirement allowance receives the grc.'2ter of his or her service retirement allowance (if eligible)or a specified percentage of the membet~"final compens:uion"(usually ;0%,but 60%for some members),plus an annuity purchased with his or her accumulated additional conrributions. "California law dearly·establishes that public employee retirement benefits are a form of deferred compensation and part of the employment contract." C.Purchase of Service Credit If they meet eligibility requirements.active members are entided to purchaseaddition:d retirement service credit.which increases their retirement :dlowance.Addition:dly,where eligible.members can purchase service credit for prior public service,milimry service and certain adler r:ypesof service.The member's COSt to purchase additional service credit is set by starute and is based 011 actuarial assumptions and methodologies determined by the Board ofAdministration ("Board"). D.Death and Survivor Benefits CalPERS provides benefits to the beneficiaries of active and rerired members upon me member's death.Benefits and eligible recipic:nrs vary based on whether the membt!r wassrill working at the time of death or was recired,and by the member's employer.occupation and rhe specific provisions in the contracr berween CalPERS and the employer.Additionally.a member may apr to have his or her retirement allowance reduced in order to increase the benefits that will become payable to the member's beneficiaries after the::member's death. Vested Rights 01 CalPERS Members 15 ATTACHMENT 6-50 E.Cost of living Adjustments A member's (or bendici:uy's)initial allowance is subject to annual cost-of~!iving adjustments ("COLAs")that account for changes in the applicable COst ofIiving indc."each year.Members and beneficiaries also may receive additional "Purchasing Power Protection"when annual COLAs have been substantially eroded by inflation over time. F.Member Contribution Rates Members generally contribute portions of their paychecks towards the COSt of their future retiremem benefits.These member contributions are established in various ways,including among other b).StatutC,ordinance and memotnndttm of understanding.and they vary widely based on such things as cite member's employer.occupation and bargaining unit,ifany.In general.member comribution rates are established as a percentage of the member's monthly compensation.With respeCt to member conrributionsestablished by statute under the PERL: "The Legislature reserves the right to increase or otherw'ise adjust the rates of [member}COntri- bution •..in amounrs and in a manner it may from time to time find appropriate."Some member conctibudon rates also are expressly subjeCt to collective bargaining. Some employers mlty choose to pay a portion or all of the retirement contributions other- wise required of their employees.These payments rypically are negotiated during collective bargaining and the law provides mat the employer may "periodically increase,reduce.or c1imimm:"such payments. G.Reciprocity The "reciprocity"provisions of the PE.RL (and related provisions in the retirement:laws govern- ing other California public retirement system)provide for certain reciprocal retirement benefits for a person who works for tWO or more public employers during his or her career,with membership in twO or more California public retirement:systems. The prim:uy purpose of reciprocity is to "eliminateD the adverse consequences 11 member might otherwise suffer when moving from one retirement system to another.""Reciprocity provisions accomplish this in a number a ways,including.for c.'Cample,allowing a member to use his or her highest compensation in any reciprocal system to determine rile compensarion used to calculate benefits from all such systems. 6 I Vested RIghts of CalPERS Members ATTACHMENT 6-51 IU.Overview:Employer funding Obligations The Ctlifornia Supreme COUrt long ago established mat a promise of a pension made by a public employer to its employees is a promise the employer must keep.In other words, public employers in California are legally required to honor promises to current and former employees regardless of how much money they have set aside for that purpose. In order to ensure mat their promises are kept,me law requires Ctlifomia's public employers to pre-fund the benefits they owe by making contributions to C:dPERS :dong with the contributions of their employees.By investing me combined comributions of members and employers.CaJPERS is able to pay all of the benefits as they come due. .To successfully fund aU promised beneGts.the law requires the Board to maintain an acmarially sound retirement fund.As one court explained:"Actuarial soundness of [CtlPERSj is necessarily implied in the rotal concrnctual commirment.because a contrary conclusion would lead to express impairment of employees'pension rights."Further.employees have a vested right to statutorily required employer contributions,even where those contributions are not linked to providing an "aCtuarially sound"retirement system . .....a promise of a pension made bye public employer...is a promise the employer must keep.In other words.public employers in Califbrnlaare legally required to honor promises to current and former employees ..... The CaJifornia Constitution provides that the Board "sh:dl Uhave sole and exclusive responsibility to lldminim:r the system in a mllnner thar will assure prompt deliver)'ofbenents and related services to the participants and their benefidaries"and "consistent with the exclu- sive fiduciary responsibilities vested in it,shall have the sole and exclusive power to provide for actuarial services in order to ussure the competency of the wets of the public pension or retirement system."The Bow hus authority to determine an actuariall)'sound rate orcontri- bunoos chat.together with investment earnings,will "Msure the comperency ofthe ~ets" ofC.llPE.RS such that all promised benefits are paid now and in the future.It is the Board's exclusive responsibility to decermine the concdburions thac will be requIred of the participating employers and the participating employers then have a mandatory "ministerial"duty to pay the contributions chac the Board determines are necessary.This obligation will be quickly enforced by the courts,by writ of mandate,if an employer fails to meet it. As st3ted by the United Scates Supreme COUrt,a defined benefit plan "is one where the employee,upon retirement.is entitled to a fixed periodic payment.The asset pool [available to pay benefits]may be funded by employer or employee contributions,or a combination of bach.Bur the employer typically bears the entire investment risk and ••.must cover any underfunding as the result of a shortfallthar may occur from the plan's investments." Vested Rights of CalPERS Members I 7 ATTACHMENT 6-52 IV.California Contrad Clause as Applied to Public Employees'Retirement Benefit Rights A "vested"benefit is one thae has matured into anirrevocahle contractual right:which cannot be taken away or otherwise impaired without the member's conseor,except in el>tremely limit- ed drcumscmces.A "non-vested"benefit,on the other hand,is one that has been promised conditionally.Ie is generallraIterable or completely revocable by the appropriate authority (usually the Legislature orrheemployer)without the member's ConSent.A public employee's right to the retirement benefits earned during employment is generally a vested right. California has a strong public policy,enunciated through published legaJ decisions over the paSt half century,establishing thae public employee retirement benefits are contractual obligations enrided to me protection of the "Contract Clausen of the State Constitution. TIlat clause,found at Article I,section 9 of the California Constitution provides:"A ...law impairing the obligation ofcontractS may nOt be passed."(Article 1,seCtion 10 of the United States Consriturion similarly prohibits a stare from impairing the obligation of contracts.) This means that an employee's vested pension righu may not be impaired except under extremely limited circumstances. The fundamental doctrine protecting California public employee pension rights is succinctly scated:"A public employee's pension constitutes an element of compensation. and u vested contracrual right to pension benefits accrues upon acceptance of employment. Such a pension right may not be destroyed,once vested.without impairing a contractual obligation of me employing public emity." This doctrine has been applied and refined by dozens ofCalifornia ap(lellatc cases since the 19405.Several general rules have emerged through this jurisprudence: RUtE1: Employees Are Entitled To Benefits In Place Ourfing Their Employment Public employees obtain a vested right to the provisions of theapplietble retirement law that exist during the course of their public employment.Promised benefits may be increased during employment,but not decreased,absent the employees'consent. These rules apply to all acdve CalPERS members,whether or not they have yet performed the requirements necessary to qualifY for cenain benefits that arc parr ofthe applic.1ble retire- ment law.for example.even ifa member has not yet satisfied the five year minimum service prerequisite to receiving most service and disability benefits,the member's righe to qualifY for those benefits upon completion of five years ofservice vesrs as soon as the member startS work. The courtS have established that this rule prevents not only a reduction in the benefits that have already been earned,but also a reduction in the benefits that a member is eligible to earn during future service.For e.~ample.il ballot proposition thar purported to eliminate future benefit accruals for legislators was held unconstitutional because legislators were entitled to continue earning benefits under the law in place when they were first eleCted. 8 I Vested Rights of CalPERS Members ATTACHMENT 6-53 RULE 2: Employees Are Entitled Only to Amounts Reasonably Expected from the Contract Vested rights protection does not extend to unreasonable or unanticipated windfaJls.In omer words,the Contract Clause only protects the benentsthat are reasonably expected from the contract,and does not protect "unforeseen advantages." RUL£3: Only Lawful Contracts with Mutual Consideration Are Protected by the Contract Clause . "The con tract clause does not proteer cxpecmtionStMt ate based upon contracts mat are invalid,unenforceable,or which arise without the giving ofcotlsidemrion.Nor does the conuactclause protect expecrarions whichm based upon legaJ theories omer man contract, such as quasi<ontract or estoppel." For this reason,it is not an "impairment of contract"fOt CalPERS to correct an error by a member,dlC member's employer or CalPERS'scaff that may have resulted in more mvorable treatment to the member than the law allows.The PERL specifically authorizes CalPERS to correct such errors. RULE 4: Future Employees Have No Vested Rights to the Current Statutory Scheme Employees to be hired in the future do not have vesn:d rights to any particular retirement benefits because they have not yet entered inco public employment.Thus,there is no constl~ turiana!impediment to unilaterally reducing (or even eliminating)retirement benefits for new hires of public employers,even if the public employers historically have provided such bendits to their employees as part of past employment conuacrs. RULES: Retired and Inactive MemberS Have Vested Rights to the Benefits Promised to Them When They Worked Like aceive employees,retirees and inactive members have a vested right to the benefits that were in plnce when they were employed.However.retirees and inactive members generally do not have vcsl'cd rights to beneficial changes created afu:r their employment terminates. This is because a "member whose employment rerminated before enactment of a statute offer~ iug additional benefits does not exchange services for the right to me benefits."An exception to the general rule that benefits grantedafier retirement are nor vested arises when the retiree Vested Righlsof CalPERS Members I 9 ATTACHMENT 6-54 or inactive member gives up :lflother right acquired during employment in exdlange for the right to receive post-employment improvements.In that case,the right eo a post-employmenc improvement is generally a vested righe. RUI.E6: Active Employees'Vested Rights May Be Unilaterally Modified Only Under Extremely Limited Circumstances Active public employees have a vested right co a substantial pension.but,under limited circumstances,the terms of their retirement rights may be modified before they retire.The California Supreme Court has explained:"[V)esred contmcronl pension rights may be modified prior to retirement for the purpose of keeping a pension system flexible to permit adjustments in accord with chMging conditions Md at the same time maintain the integrity of the syStem. Nonetheless,such modifications muse be reasonable,and to be sustained as such.alterations of employees'pension rights must bear some materialre1at'ion to the theory ofa pension system Md its successful operation,Md changes in a pension.,,1M which result in disadvantage to employees should be accompanied by comparable new advantages.Further.it iii advanrnge or disadvantage to the particular employees whose own conrrncrual pension rightS.already earned, are involved which are the criteria by which modifications to pension plans muse be measured." There are numerous California published decisions that discuss the circumstances under which modifications to the vested rights of active employees may he permitted.There are four primary steps for determining whether a modification is permissible: (a)The lim step in determining whether a modification is permissible is to decennine if the unmodified right isitl faer vested.meaning neither the employer nor the Legislature reserved the right to change the benent.This is because the applicable retirement laws often contemplate chMges.Indeed.the laws sometimes expressIyrcscrve to the employer or the Legislature the right to modify or diminate certain benefits.A member's vcsted right is only to the law as it is written ar rhe time of employment.including all ofits conditions. (b)If a vested right exists,the lleXt step is to determine whether that vested right has been changed in a way that is disadvantageous to the member. (c)Int is determined that a vested right has been dl11nged in a way that is disadvantageous to a member.cite next Step is to determine whether dlC:chMgc has a "material reladon to the theory of a pension system and itS successful opemrion:'Ifit does not.then the modification is not permissible.Case law is dear that "changes made co effect economies Mel save the employer maney do bear some material relation to the theory of It pension system and its successful operation."but,as discussed immediately below.this finding alone is not sufficient to justifY a disadvantageous change to a member's vested rights. 10 I Vested Rights of CalPERS Members ATTACHMENT 6-55 Cd)If the change bears a "material rdation to the theory ofa pension system and Its successful opernrion."the final $fCP is to determine whecher the disadvantaged employees wHl receive a "comparable neW advantage."When a cOUrt conducts this analysis.it looks specifically at whar may be taken from and provided to the individually impacted employ- ees.This member-by-member analysis.however.does not necessarily tal..~into account each members unique personal circumstances.Thus.a member does not gee to pick and choose which advantages or disadvantages will apply to him.and then argue that his vested rights hnve been unconstitUtionally imp:tlreO. RUt.E1: The State's "Emergency"Powers Are Extremely Limited and Cannot Be Used to Reduce tneBenefits that Have Been Promised The courtS have carved out one narrow exception to the constitutional prohibition against the impairmem ofcontracts,although there is no case where a courr has actually applied thac exception in u way that has reduced the long tCl'm com of public retirement benefits in California.Both the CaJifomiaand United Stares Supreme Courrs have held that "a substan- tial impairment may be constitutional if it is "reasonable and necessary to serve an importaflt public interest"during an emergency.The courtS pay time heed,however.to rhe "legisladve assessment of reasonable and m..'Cessary."because "the Sratl:'s self-interest is at stake land aJ governmental entity can always find a use forextm money.especially when taxes do not have to be raised."Thus,the courrs apply a rigorous four-prong rest when determining if this limited c.xception applies:(a)the legislative enactment must serve to protect "basic intere.sts of society;" (b)there must be an "emergency justification for the enactment,"Cc)the enactment must be "apptopriate for the emergency;"and Cd)the enactment must be "designed as a temporary mcmure,during which rime the vested contract rights are not lost but merely deferred fora brief period.interest running during me temporary deferment." Thus,even if vested pension rights may be temporarily impaired in a.true emergency siruadon,it is dear that the State's emergency powers do not enable it to solve its budgetary problems by eliminating or reducing the l<mg term benefit promises it has made. Vested Righis of CalPERS Members I 11 ATTACHMENT 6-56 V.federal Contract Clause as Applied to Public Employees' Rights in Californ.ia As stated above,it is dear that the "Contract Oausen of the Califnrnia Constirurion provides broad prorecrions ofrhe vcsred pension righrsofCalifomia's public employees.Some cunene "reform"proposals suggest changing the Stare Constitution to reduce or eliminate public employee retirement benefits.in some instances even amending the Contract Clause itself. Presumably,proponents ofthese measures assume that by amending the State Constitution. they can avoid a constitutional challenge to their proposed impairment of vestt.'C!retirement benefies.The assumption is misplaced,for twO reasons: Pirst.if n proposed pension reform were to be enacted in the form ora constiturional amendment.it \IIould still have to pass muster under the Contract Clause of the Smte Constirurion.In other words.any new provision of the State Constitution would still be subject to the requirement that it not impair the obligation of Contracts.Absent actUally eliminating the entire Contract CI:tuse,the facr thar a pension .reform measure may be adopted by way of:1 constitutional amendment would not assure irs v~l.lidiry. "Some current 'reform'proposals suggest changing the State Constitution to reduce or eliminate public employee retirement benefits ...Presumably,proponents of these measures assume that by amending the State Constitution,they can avoid a constitutional challenge to their proposed impairment of vested retirement benefits. The assumption is misplaced ..... Second.even ifa proposed :tmendmenr e1imin:tted the State Constitution's Contract Clause in its entirery,,!Je COlltrllet CltltlSt:ill the Ullitdd States Cr/llstitlltitm lUOJlldgiue rise to the same protection of/Jested !c11sio"riglJts as the Stare Constitution.Most of the published California cilses that haveanaJyzed the constitUtionality of modifYing vested pension rights of public employees have not meaningfully distinguished between the Conmct Clause in the California Constirution and the Contracr Clause in the United States Constirution.In 1991. the California Supreme Court removed anydoubc that the United States Constitution protecrs public employee pension rightS in California to the S3mC extent as the:California Constitution, by explaining that prior C3Se law had "never rejected the federal clause as a source of protec- tion"and "in light of prior California decisions consistently extending federal contract clause protecrion to state public officers,it is simply lroo latc'to retreat from the dear implication of those holdings.n Therefore,amending the California Constitution likely would not open the way to lawfully impairing vested pension rights.All of the rules discussed in Section IV above likely would still apply,no matter how the California Constitution may be amended.so long as the Contract Clause of the United Stares Consritution remains unchanged. 12 I Vested Rights of CillPERS Members ATTACHMENT 6-57 VI.CalPERS Members'Rights Based on the legaJ analysis set forth above,CnIPERS here articulates its undemanding of rhe current stllte of vested rights b.w in California,as it applies to CalPERS members'benefits. Anal)l?ing any particular member's vested rights.however,mUSt be done on a case-by-case basis.Thus,nothing in this section is intended to enpress a view on any individual member's rights or any specific legislative or c:onstiturional proposal.Funhel',the dis<:ussion in this section is not intended to be exhaustive,bUt rather to provide a general overview of our members'primary rights. A.Vested Rights In general,CaJPERS members have vested rights to: »Have their service retirement allowance determined based on the benefit formula that existed in the law when dley provided service,if they satisfy all eligibility requirements. »Have their retirement allowance based upon all service credit tha.t they accrued by providing service or by purchasing service credit. »Have their retirement allowance atlculated using the definition of "final compensation" that existed in the law when they provided service. II Have their "final compensation"determined according to the definition of "compensation earnable"that existed in the law when they provided service. D Receive a disability allowance or an industrial disability allowance determined in accordance with the law that existed when the!}'provided service,if the member satisfies all eligibility requirements. »Purchase service credit under me terms that existed in the law when they provided service, if the member satisfies all eligibiliry requirements. »Receive cost ofliving adjl..lStments to their retirement allowance under the terms that e.xisted in the law when they provided service.This includes "Purchasing Power PrOtection ... »Have their beneficiaries receive death and survivor benefits provided under the rer.ms that existed in the law when the member provided service. »Receive the benefits of reciprocit)'that existed in the Inw when they provided service. if dley satisfy all eligibility requirements. »Withdraw their contributions,plus accrued interest,upon separation from employment. when eligible for such a withdrawal. »Have an acruarially sound retirement fund,which requires (a)that the CnIPERS Boatd establish employer contribution races sufficient to maintain the acruarial soundness of the system so tha.t the competency ofits assets is assured.and (b)that the employers timely pay those rates. Vested Rights of CalPERS Members I 13 ATTACHMENT 6-58 Because the above rignt'S ofCalPERS members are vested,they may only be modified if such modifications ate "rel1Sonable,and to be sustained l1S such,alterations ofemployees' pension rights must bear some material relation to the theory of a pension system and its successful operation,and changes in a pension plan whkh result in disadvnntage ro employees should be accompanied by comparable new advantages." Pinally,there remains a question l1S ro whether vested right'S may be consensually modi/ied through collective bargaining without offending the Conmtccs Clause. B.Non-Vested Rights In general,CalPE:RS members do not have vested rights to: II Benefit improvementS that ate granted to them after they have terminated employment (e.g.,the "ad hoc"COSt of living improvements granted to retirees bl1SCd upon retirement date).unless such benefit improvementS have been granted in exchange for a vested right that the retired members gave up voluntarily. »Windfa.ll bendits that arise out ofdtcumsrances that were never contemplated to be part of the employment comract. »Payments in excess (jf those nUthorized by law,or nrising from an error by the member. the member's employer or Ca.l.PERS. II Perpetuation of the Board's discretionary actions affecting contributions and benefits.For example,the Board may change its actuarial assumptions and methodologies for calculat- ing the cost fur purchasing servia:credit.or for determining nctuarial equivalency (for a variety ofpurposes).The Board has full authority to change actUarial assumptions and methodologies in the sound Cltercise of itS discretion,and doing so dnes not impair any vested right.even ifa change does not appear mvornble to CalPERSmembers. »Continuation ora benefit or contribution rate where the benefit or contribution rate is subjeCt to change under therermsof the applicable statUte.memorandum of under- standing or employment contraet. II Continued employment with their employer or the continuation of the hiswrical compensation practices of that employer,even ifthose practices impaCt the calculation of members'"compens:ltion earnable"and "final compensation.II Par example.an employer may have historically paid certain premium amounts that qualifY as pension- able "compensation earnable."\Vhile the member has a vested right to have such amounts included in "compensation earnable"when paid.the member does not have a vested right co continue to be paid those amounts. 14 I Vested Rights of CalPERS Members ATTACHMENT 6-59 Beause the above rightS are nor "vested"under the Contract Clauses ofme California and Uniced Stares ConstitUtions.there is no consritution.u impediment to rhe Legislature or a member's public employer (or the Board,in the ase of its own discretionat')'acts)from unilatera.lly .utering those rights.Unless and until such .urernrions are made.however.members ofcourse have a right to receive all benefits provided to them under law.Funher.Other laws may limit the ability to m.uec such alterations.For example•.uthough specific employment practices may not be vested in perpetuity.the terms ofa collective bargaining agreement must be honored during rhe period ofthat agreement's applicability. Vested Riahls of CalPcRS Members I 15 ATTACHMENT 6-60 VII.The Role of CalPERS in Protecting Members'Vested Rights Under the State Consocurlon and the PERl..the Board (which is the 13~memoer governing body ofCalPERS)has the exclusive and plenary authority and fiduciary duty co adminiscer CalPERS in a manner chat wiII llSSure prompt delivery of benefits and rdaced services to the members and beneficiaries of the system.Board members are eicher elected by members of the system.appointed·by Scate elecred officials at sit ex officio. One court explained the fiduciary durics of members ofa public retirement board thusly~ "(A]trustee's primary duey ofloyaIty is to the beneficiaries ohhe trust.The trustee is under a duty to the beneficiary to administer the trust solely in the interest of the beneficiary.The truStee must not be guided by the interest of anyrhird person.This unwavering duey of ' complete loyalty to the beneficiary ofthe trUSt must be to the exclusion of the interest ofall other pardes.Under the rule against divided loyalties.a fiduciary cannot contend that although he had conflicting interests,he served his masters equally well or that his primary loyalty was not weakened by the pun ofhis secondary one." The California ConstitUtion provides:"A retirement board~dut)'to its participants and their beneficiaries shall take precedence over any other duty."TIle California Supreme COUrt has explained:"(Plension plans create a trust relatioMhip between pensioner beneficiaries a.nd the trustees of pension fUnds wlto admInister retirement bendits and the trustees must exercise their fiduciaty truSt in good faith and must deal mirly with the pensfl)ners~benelidarie$." The Board will ace consistendy with these principles.With respeer to legislative and consti- tutional proposals chal ma.y impact its members'vested rights.rhe Board wiU exercise its besc Judgment and act appropriately under all existing cltcumstances.In doing so,the Board will observe certain generol guidelines.including; »CalPERS will make reasonable efforts to keep its members and beneficiaries apprised of changes or potential changes to the law Ular may impact their righes and responsibilities. »CalPERS will ensure thar funds spent in any process relating ro porential changes in funding or benefit structures are appropriate expenditures of trust funds under Article XVI.seecion 17 of the California Constitution and other applicable law. »CalPERS'actions will be carried OUt in a manner that implemenrs the law.In the event CalPERS questions whether changes in the PERL or othet applicable law may cause an unconstitutional impairment ofits members'vcsredrighrs.CnJPERS will exercise irs best judgment.based on all existing circumstances.as to whether to initiate or participate in judicia.!ch;ulenges ro such changes. 16 I Vesled Rights of CalPERS Members ATTACHMENT 6-61 VIII.Conclusion C;UPERS is dedicated to administering tile system in a manner that witl ensure that tbe promises made to CafFERS'members and beneficiaries will be kept.QUPERS acknowledges the budgerary challenges mat the State and other public agencies tbroughout California are presently facing,and will play an appropriate role in the addressing these challenges.In this process,it will be vitally important for all interested parties to heed the legal rules protecting the vested rights of CnlPERS'members,which have developed over tbe course of many decadc.'S.\Vitbout due consideration of these rules,well-intentioned proposals may not achieve the purposes for which they are designed;indeed.they may lead only to additional litigation aNd administrative COStS,which can only increase the long term cast ofdelivering the benefits thac have been promised ro CalPERS members.It is the hope of CalPERSthat mis paper will provide guidance co all parties as they address these challenges. Vested Rights of CalPERS Members I 17 ATTACHMENT 6-62 CalPERS Ilegal Office Oillfomia PublleEmployass' Retirement System 400 Q Street P,O.Box 942701 Sacramento,CA 94229·2701 (916)795·3991 (916)795·3S07fax TTY:(916)795.3240 ATTACHMENT 6-63 From: Sent: To: Cc: Subject: Hi Ken Dennis Mclean Monday,August 20,20124:03 PM Ken Dyda Carla Morreale;Teresa Takaoka;Carolyn Lehr FW:Register of Demands Emilio has replied to your question.Feel free to contact him directly if you have any follow-up questions.Your question and Emilio's reply will be provided to the Council as Late Correspondence. Thanks, Dennis McLean Director of Finance and Information Technology City of Rancho Palos Verdes Finance and Information Technology 30940 Hawthorne Blvd. Rancho Palos Verdes,CA 90275 www.palosverdes.com/rpv dennism@rpv.com -(310)544-5212 P -(310)544-5291 f P Do you really need to print this e-mail? This e-mail message contains information belonging to the City of Rancho Palos Verdes, which may be privileged,confidential and/or protected from disclosure.The information is intended only for use of the individual or entity named.Unauthorized dissemination, distribution,or copying is strictly prohibited.If you received this email in error,or are not an intended recipient,please notify the sender immediately.Thank you for your assistance and cooperation. -----Original Message----- From:Emilio Blanco Sent:Monday,August 20,2012 1:33 PM To:Dennis Mclean Subject:RE:Register of Demands The bird survey is an annual requirement from the wildlife agencies for the migratory bird treaty act,the National Community Conservation Plan (NCCP)and the Palos Verdes Peninsula Land Conservancy for fuel modification work by Public Works. Emilio Blanco .It Maintenance Superintendent City of Rancho Palos Verdes Public Works Department 30940 Hawthorne Boulevard Rancho Palos Verdes,CA 90275 emiliob@rpv.com 310.544.5336 > >From:<cprotem73®Verizon.net<mailto:cprotem73®verizon.net» >Date:August 18,2012 2:58:40 PM PDT >To:<finance@rpv.com<mailto:finance@rpv.com» >Subject:Register of Demands > >What is the legal requirement for a bird survey costing $4,300 ? >Who imposed the requirement? > >Ken Dyda From:Matt Waters Sent:Monday,August 20,20123:49 PM To:Carolynn Petru Cc:Carolyn Lehr Subject:FW:Miss California USA updated info Hi Carolynn, I spoke with Ms.Lozano recently about her request to be officially recognized as Miss Rancho Palos Verdes CA USA 2013.She shared that she would not be able to attend tonight's Council meeting due to a prior conflict,but would be very willing to attend a future meeting.I asked her about her significant volunteer and life experiences that related to the Miss California USA contest and she offered the following information: >Ms.Lozano was raised in Mexico and volunteered at an orphanage until she was 16 when her family moved to the United States. >She spent several weeks volunteering in the New Orleans area after Hurricane Katrina. >She said those experiences inspired her to find a way to try and make a difference both locally and globally. >She has volunteered many times in Downtown Los Angeles passing out food and supplies to the homeless and needy. >Ms.Lozano has worked with special needs and underprivileged children as a student at Marymount College. >She is concerned about global access to clean water sources and is working with the World Wide Water organization to combat this health catastrophe. >She is exploring possible fund raising approaches to increase access to clean water. >She graduated from Palos Verdes High School,currently attends Marymount College, and plans on attending law school. Ms.Lozano reported that she went through several interviews before being designated as the Rancho Palos Verdes representative by Miss California USA officials.Miss California USA officials verified that contestants apply directly with the pageant and go through a series of interviews.If selected,contestants are allowed to choose their own titles,since Miss USA does not run preliminary pageants in advance of their state pageants.Miss California USA allows only one contestant from a specific City or organization such as Rancho Palos Verdes or Torrance Memorial Hospital.Ms.Lozano is the sole Rancho Palos Verdes representative for the California pageant but she cannot refer to herself as "Miss Rancho Palos Verdes CA USA 2013" without City Council approval.The California Pageant will be held in January,2013. Ms.Lozano said that knowing her official title would help her with advance preparation details such as pursuing sponsorship and ordering her pageant sash,but said there is no hard and fast deadline for having her request to be named Miss Rancho Palos Verdes CA USA 2013 either approved or denied. Matt Waters Senior Administrative Analyst City of Rancho Palos Verdes Finance and Information Technology 30940 Hawthorne Blvd. Rancho Palos Verdes,CA 90275 :Y. www.palosverdes.com/rpv mattw@rpv.com -(310)544-5218 P -(310)544-5291 f Page 1 of 1 Carla Morreale From: Sent: To: sharon yarber [momofyago@gmail.com] Sunday,August 19,2012 2:27 PM CC Subject:Miss RPV?!?!?!?!?!?Huh?!?!?!? Hello Council Members, We have not held a beauty contest in RPV of which I am aware to select a Miss Rancho Palos Verdes.If we did,please let me know when and where the contest occurred so I may have the privilege of ascertaining independently who the winner was. Our new and improved RULES of PROCEDURE,on which I spent untold numbers of hours working,does NOT allow CONSENT CALENDAR items to include matters that have NOT previously been the subject of a NOTICED public meeting.Ifthis was a matter previously duly noticed please'let me know when this meeting occured.To my knowledge no notice was given, no contest was held and it appears to me that someone with a hell of a lot of chutzpah is asking you to simply agree to name her as Miss RPV to potentially improve her chances of being a viable candidate to obtain a scholarship from the organization sponsoring this beauty contest she seeks to win. As such (typical staff lingo),it is inappropriate for you to act on this matter on Tuesday. Sharon Yarber 8/20/2012