(a) Council Authority. The Council may, by ordinance adopted in accordance with the provisions of this section, allow police personnel who are transferred to the Police Department from the Department of General Services and gain status in one of the following Class Codes 2214, 2217, 2223, 2227, 2232, and 2244 to transfer prior sworn service with the City from the Los Angeles City Employees' Retirement System (LACERS) to Tier 6 after they become members of the Plan pursuant to the applicable provisions of the Charter and the Los Angeles Administrative Code. Notwithstanding the provisions of Section 1702(q), transferred service may count as Years of Service for all Tier 6 purposes.
(b) Limitations on Service Purchases. The authority given to the Council to allow the transfer of prior service is specifically limited as follows:
(1) Purchases Shall Be Cost Neutral. The member shall be required to pay the full actuarial cost of the service to be transferred, as determined by the Plan's actuary without taking into consideration incidental administrative expenses incurred by the Plan, reduced by the amount of any funds transferred from LACERS to the Plan in connection with the transferred service.
(2) Only Certain Service May Be Transferred. Sworn service that may be transferred shall be limited to prior service with the City in Class Codes 3183, 3185, 3188, and 3198 for which the employee paid contributions and earned service credit with LACERS.
(c) Mode of Adoption. Ordinances adopted pursuant to this section shall be adopted in the same manner as provided in Charter Section 1618(b), but the Council shall be advised in writing by an enrolled actuary as to the cost of the proposed change.
SECTION HISTORY
Added by Charter Amendment B § 1, approved March 5, 2013, effective April 5, 2013.
Amended by: Subsec. (a), Charter Amendment SSS § 9, approved November 8, 2016, effective December 15, 2016.