Commerce adopts urgency ordinance authorizing CalPERS retirement incentive

The council adopted Ordinance No. 830 on March 10, authorizing an amendment to the city's contract with the California Public Employees' Retirement System (CalPERS) to provide up to two years of additional service credit as a retirement incentive. Staff also presented and the council approved an urgency ordinance so the contract amendment could take effect immediately rather than after the standard 30‑day waiting period.

Human Resources Manager Marla Rivera said the ordinance completes the second reading and adoption process after required disclosures and actuarial valuation, and that the action is consistent with the council's previously stated workforce planning intent. Rivera cited the relevant government code sections referenced in staff materials.

The council made the motion on the staff recommendation and adopted both the regular and urgency ordinances; the clerk recorded the vote as passing 4‑0 with an abstention on the dais.

The ordinance authorizes the city manager and staff to proceed with the CalPERS contract amendment and to implement the retirement incentive program in accordance with state law and the city's adopted resolution of intent.