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HomeMy WebLinkAbout1585 ORDINANCE NO. 1585 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AUTHORIZING AN AMEND- MENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF ARCADIA AND THE BOARD OF ADMIN- ISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM THE CITY COUNCIL OF THE CITY OF ARCADIA DOES ORDAIN AS FOLLOWS: SECTION 1. That an amendment to the Contract between the City Council of the City of Arcadia and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A", and by such reference made a part hereof as though herein set out in full. SECTION 2. The Mayor of the City Council is hereby author- ized, empowered, and directed to execute said amendment for and on behalf of said Agency. SECTION 3. This Ordinance shall take effect thirty-one (31) days after the date of its adoption, and prior to the expiration of fifteen (15) days from the passage thereof shall be published at least once in the Arcadia Tribune, a newspaper of general circulation, published and circulated in the City of Arcadia and thenceforth and thereafter the same shall be in full force and effect. -1- 1585 I HEREBY CERTIFY that the foregoing ordinance was adopted on the 1st day of March, 1977, by the affirmative vote of at least three Council members, to wit: AYES: Councilmen Gi1b, Margett, Parry, Saelid and Lauber NOES: None ABSENT: None ~) .I '. , - - / f/!~t~~ ") {{"If Clty Clerk of t e Clty of Arcadla rG SIGNED AND APPROVED this 1st day of f.1arch 1977 . l~;f:~ Mayor ot the City of Arcadia ""CST. ~ i? ~ .<= L~30t~/ ' ' City Clerk (SEAL) -2- 1585 PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF ARCADIA The Board of Administration, Public Employees' Retirement System, hereinafter referred to as Board, and the CITY COUNCIL of the CITY OF ARCADIA, hereinafter re- ferred to as Public Agency having entered into a contract under date of September 24, 1945, effective October 1, 1945, and as amended effective July 1, 1953, January 1, 1957, January 1, 1958, January 1, 1959, January 19, 1964, February 28, 1965, October 1, 1972, June 24, 1973 and January 4, 1976, which provide for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 8 are hereby stricken from said contract as executed effective October 1, 1972, and are hereby replaced by the following para- graphs numbered 1 through 9 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 60 for miscellaneous members, and age 55 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after October 1, 1945, making its employees as hereinafter provided, members of said System subject to all provi- sions of the Public Employees' Retirement Law except such as apply only on election of a contracting agency and are not provided for herein and to all amendments to said Law hereafter enacted except such as by express provisions thereof apply only on the election of contracting agencies. 3. Employees of Public Agency in the following classes and groups shall become members of said Retirement System except such in each such class and group as are excluded by law or this agreement: a. Local firemen (herein referred to as local safety members); b. Local policemen (herein referred to as local safety members); c. Employees other than local safety members (herein referred to as miscellaneous members). In addition to the employees excluded from membership by said Retire- ment Law, the following employees shall not become members of the Retirement System: NO ADDITIONAL EXCLUSIONS Ret. Form 702-1 l:nal: provlaea 1n l>eCl:10n ~'1~)1.15 WHh all serV1ce or rormer miscell- aneous Group B members prior to the termination of Social Security coverage subject to the reduction provided by said section. 5. The following provisions of the Public Employees' Retirement Law which apply only upon election of a contracting agency shall apply to the Public Agency, .and its employees: a. Section 21252.6 (providing for the fraction of final compensat- ion to be provided for each year of credited prior and current service as a local safety member). b. Section 20952.5 (providing for age 50 as the minimum voluntary retirement age for local safety members with benefit payments commencing prior to age 55 subject to actuarial discount). c. Section 21380-8 (providing for allowances for survivors of members covered under the program upon death before retirement). d. Section 20862.8 (providing service credit at retirement for unused sick leave) for miscellaneous members. e. Section 20024.2 (defining "final compensation" on the basis of average compensation earnable during the year immediately preceding retirement or any other one year period elected by the member 1. f. Section 21263 and 21263.1 (providing upon death of a local mis- cellaneous and/or safety member who retired for service or dis- ability for the continuance of one-half the retirement allowance to certain survivors). 6. Public Agency, in accordance with Section 20740, Government Code, shall cease to be an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law effective as of the effective date of this amendment to this contract. Accumulated contributions of the Public Agency as of the date of such amendment shall be fixed and determined as provided in Section 20759, Government Code, and such accumulated contributions and contributions herafter made shall be held by the Board as provided in Section 20759, Government Code. 7. Public Agency shall contribute to said Retiremant System as follows: a. With respect to miscellaneous members, the public agency shall contribute the following percentages of monthly salaries earned as miscellaneous members of said System: (1) 0.083 percent until June 30, 2000 on account of the liability for prior service benefits. Ret. Form 702-2 servlce Oene!lts. (3) 0.209 percent on account of the liability for the 1959 Survivors program. b. With respect to local safety members, the public agency shall contribute the following percentages of monthly salaries earned as local safety members of said System: (1) 0.259 percent until June 30, 1977 on account of the liability for prior service benefits. (2) 17.921 percent on account of the liability for current service benefits. (3) 0.087 percent on account of the liability for the 1959 Survivors program. c. A reasonable amount per annum, as fixed by Board to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or the periodical investigation and valuation required by law. d. A reasonable amount as fixed by the Board, payable in one.' installment as the occasions arise, to cover costs of special valuations on account of employees of Public Agency, and costs of the periodical investigation and valuation required by law. 8. Contributions required by Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement Law, and on account of the experience under the Retirement System, as determined by the periodical invest- igation and valuation required by said Retirement Law. 9. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty days after the end of the period to which said contributions refer. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances, or adjustments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders, or cash. B. This amendment shall on the II) be attached to day of said contract and a;<vuY / shall be effective /9//. Ret. Form 702-3 Witness our hands this / , day of ,//C-tlA~/ !?77 BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEH CITY COUNCIL OF THE CITY OF ARCADIA BY Carl J. B1echinger, Executive Officer BY ~~~.t~~ Presiding Officer . Approved as to form: Attest: Q-J~~ Legal Office, PERS Ret. Form ",02-4