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HomeMy WebLinkAbout1476 ORDINANCE NO. 1476 ) AN ORDINANCE OF T"dE CITY COUNCIL (Name of Governing Body) of the CITY OF ARCADIA (Name of Public Agency) authorizing an AMENDMENT ro THE CONTRACT BErWEEN THE CITY COUNCIL (Governing Body) AND THE OOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. The CITY COUNCIL (Na~e of Governing Body) does ordain as follows: of the CITY OF ARCADIA (Name of Public Agency) SECTION 1. That an amendment to the Contract between the CITY COUNCIL (Name 0 f and the Board of of the CITY OF ARCADIA Governing Body), (Name of Public Agency) Administration, 'Calif~rnia Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A", and by such reference' rrade ~ part hereof as though herein set out in full. SECTION 2. The Mayor (Title of Presiding Officer) is hereby authorized, empowered, of the CITY COUNCIL (Name of Governing Body) to execute said amendment for and and directed on behalf of said Agency. SECTION 3. This Ordinance shall take effect 31 days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof shall be published at least once in the Arcadia Tribune (Name of Newspaper) a newspaper of general circuJ.ation, published and circulated in the CITY OF (Name of and thenceforth and thereafter the same ARCADIA Puolic Agenc~' j shall be in full force and effect. Adopted and approved this 1st day of May I 19n... At,,.,, ~ ~~ 7#11 ,U~ Clerk CHRISTINE V MAANEN, CITY CLERK {!. 1f~t1x (Presiding Officer) C. ROBERT ARTH, MAYOR '. -- ., --~ -:: PERS-AC~-'1l::,<~~endment) (9/71) 1476 .c.xnlOl1; "IJ." ~ AMENDI1ENT TO CONTRACT BEl'vlEEN THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES I REl'IlID.'1ENT SYSTEM Ai'll) THE /tf 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, J~'uarJ 1, 1957, January 1, 1958, January 19, 1964, February 28, 1965 and October 1, 1972, and as provided by Chapters 170 and 316, Statutes of 1971, 'lhich provide for partic- ipation'of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraph 4(d)(4) shall be stricken from said Contract as amended effec- tive October 1, 1972 and the following paragraph substituted therefor: 4(d)(4):Sectfon 21263 (providing upon the death of a local safety member 'who retired for service or disability for the continuation of . one-l).alf the retirement allowance to certain survivors). B. Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the agency shall contribute the following percentages of monthly salaries earned as miscellaneous members of said System: (1) 0.19 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 7.18 percent on account of the liability for current service benefits, said percentage being fued by Section 207501 of the Retirement Law. (3) 0.03 percent on account of the liability for the 1959 Survivors program. b. With respect to local safety members, the agency shall contribute the fol1o'~g perce~tages of monthly salaries earned as local safety members of said System: (1) 2.406 percent until June 30, 1977 on account of the liability for prior service benefits \ ~. i . - ~,' . 't , . " ~' City of Arcadia Ret. Form 702-1 \ RECEIVED - SACRAMENTO PUBLIC EMPLOYEE'S' RETIREMENT SYSTEM MAY II /2 38 PH '73 (2) 13.863 percent on account of the liability for current service benefits. (3) 0.263 percent on account of the liability for the 1959 Survivors program. C. This amendment tive on the Witness our hands this shall ge attached to said contract and shall become effec- all- day of ~ 19;; 3 . {I daYOf~. /q73 CITY COUNCIL OF THE CITY OF ARCADIA t:fd BOARD OF ADJiINISTRATION PUBLIC EMPLOYEES' RETIREMENT SysrEM BY L.J~{i{/~"'H ~ Vlilliam E. Payne, fuce ., " " (! (;(~!LtL BY Presiding Officer C. ROBERT ARTH, MAYOR ~?~~~ CHRISTINE VAN MAANEN, CITY CLERK . 81v.l. Ret. Form 702-2 RECEI~Ell.- SAi:B~{<iii !l.l:Q PUBt.JC EMPl:.Oy'E!::'S ElE.TIRE.MENT' SY.STEM KAT II 12 3B ~tt '13