City Council

10.\nAdoption of Ordinance No. 830 Authorizing an Amendment to the City’s CalPERS\nContract to Provide Up to Two (2) Years of Additional Service Credit (“Golden\nHandshake”) and Adoption of an Urgency Ordinance Authorizing the Same\nAmendment\nStaff recommends that the City Council take the following actions:\n1.\nAdopt Ordinance No. 830, previously introduced on February 10, 2026,\nauthorizing an amendment to the contract between the City Council of the City\nCommerce and the Board of Administration of the California Public Employees’ \nRetirement System (CalPERS).\n2.\nAdopt an Urgency Ordinance authorizing the same amendment to the\nCalPERS contract to allow the amendment to take effect immediately upon\nadoption.\nStaff Report - 2 year service credit\nExhibit A - Ordinance No. 830 - 2 year service credit\nExhibit B - Urgency Ordinance No.XX - 2 year service credit\nExhibit C - CALPERS Amendment to Contract - 2 yr Service Credit