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