HomeMy WebLinkAbout2115
ORDINANCE NO. 2115
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA
AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY
COUNCIL OF THE CITY OF ARCADIA AND THE BOARD OF ADMINISTRATION
OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM.
THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES
HEREBY FIND, DETERMINE AND ORDAIN AS FOLLOWS:
SECTION 1. That an amendment of 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 is
attached hereto as Exhibit "A" and by such reference made a part hereof as
though herein set out in full.
SECTION 2. The Mayor of the City of Arcadia is hereby authorized,
empowered, and directed to execute said amendment for and on behalf of said
Agency.
SECTION 3. The City Clerk shall certify to the adoption of this ordinance
and shall cause a copy of the same to be published in the official newspaper of
said City within fifteen (15) days after its adoption.
Pa~'d, app,o",'d aod adoptedth" '" ,., ., ~o.o:' U
Ma~' City of A=di,
ATTEST:
.,
,. ~ ;.
~--
2115
.-
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certify that the
foregoing Ordinance No. 2115 was passed and adopted by the City Council of the City
of Arcadia, signed by the Mayor attested to by the City Clerk at a regular meeting of
said Council held on the 7th day of December, 1999 and that said Ordinance was
adopted by the following vote, to wit:
AYES: Council member Harbicht, Marshall, Kovacic, Roncelli and Chandler
NOES: None
ABSENT: None
J
lerk of the
2
2115
A
CalPERS
EXHIBIT
California
Public Employees' Retirement System
.
AMENDMENT TO CONTRACT
Between the
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of Arcadia
.
The Board of Administration, California Public Employees' Retirement System, hereinafter
referred to as Board, and the governing body of thE:! above public agency, hereinafter referred to
as Public Agency, having entered into a contract effective October 1, 1945, and witnessed
September 24, 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,
January 4, 1976, April 10, 1977, March 11, 1979, June 22, 1986, November 6, 1988, December
2, 1994, June 4, 1999 and October 11, 1999 which provides for participation of Public Agency in
said System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective
October 11, 1999, and hereby replaced by the following paragraphs numbered 1 through
12 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 55 for local
miscellaneous members and age 50 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 provisions 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
those, which by express provisions thereof, apply only on the election of a
contracting agency.
EXHIBlT~A'<)
PLEASE DO NOT SIGN 'EXHIBIT ONLY"
3. Employees of Public Agency in the following classes shall become members of
said Retirement System except such in each such class as are excluded by law or
this agreement:
a. Local Fire Fighters (herein referred to as local safety members);
b. Local Police Officers (herein referred to as local safety members);
c. Employees other than local safety members (herein referred to as local
miscellaneous members),
4. In addition to the classes of employees excluded from membership by said
Retirement Law, the following classes of employees shall not become members of
said Retirement System:
NO ADDITIONAL EXCLUSIONS
5. The percentage of final compensation to be provided for local miscellaneous
members for each year of credited prior and current service shall be determined in
accordance with Section 21354 of said Retirement Law, subject to the reduction
provided therein for service prior to March 31, 1977, termination of Social Security,
for members whose service has been included in Federal Social Security (2% at
age 55 Full and Modified).
6. The percentage of final compensation to be provided for each year of credited
prior and current service as' a local safety member shall be determined in
accordance with Section 21362 of said Retirement Law (2% at age 50 Full).
7. Public Agency elected and elects to be subject to the following optional provisions:
a. Section 21573 (Third Level of 1959 Survivor Benefits) for local
miscellaneous members and local police members only.
b. Section 20042 (One-Year Final Compensation).
c. Section 20965 (Credit for Unused Sick Leave).
d. Sections 21624 and 21626 (Post-Retirement Survivor Allowance).
e. Section 21024 (Military SerVice Credit as Public Service), Statutes of 1976
for local miscellaneous members and local police members only.
f. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local fire
members only.
PLEASE 00 NOT SIGN 'EXHIBIT ONLY"
8. Public Agency, in accordance with Government Code Section 20790, ceased to be
an "employer" for purposes of Section 20834 effective on April 10, 1977.
Accumulated contributions of Public Agency shall be fixed and determined as
provided in Government Code Section 20834, and accumulated contributions
thereafter shall be held by the Board as provided in Government Code Section
20834.
9. Public Agency shall contribute to said Retirement System the contributions
determined by actuarial valuations of prior and future service liability with respect
to local miscellaneous members and local safety members of said Retirement
System.
10. Public Agency shall also contribute to said Retirement System as follows:
a. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21573 of said Retirement Law.
(Subject to annual change.) In addition, all assets and liabilities of Public
Agency and its employees shall be pooled in a single account, based on
term insurance rates, for survivors of all local miscellaneous members and
local police members. .
b. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21574 of said Retirement Law.
(Subject to annual change.) In addition, all assets and liabilities of Public
Agency and its employees shall be pooled in a single account, based on
term insurance rates, for survivors of all local fire members.
c. A reasonable amount, as fixed by the Board, payable in one installment
within 60 days of date of contract to cover the costs of administering said
. System as it affects the employees of Public Agency, not including the
costs of special valuations or of the periodic investigation and valuations
required by law.
d. A reasonable amount, as fixed by the Board, payable in one installment as
the occasions arise, to cover the costs of special valuations on account of
employees of Public Agency, and costs of the periodic investigation and
valuations required by law.
11. Contributions required of Public Agency and its employees shall be subject to
adjustment by Board on account of amendments to the Public Em.ployees'
Retirement Law, and on account of the experience under the Retirement System
as determined by the periodic investigation and valuation required by said
Retirement Law.
12. Contributions required of Public Agency and its employees shall be paid by Public
Agency to the Retirement System within fifteen days after the end of the period to
which said contributions refer or as may be prescribed by Board regulation. 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.
Adjustments on account of errors in contributions required of any employee may
be made by direct payments between the employee and the Board.
B.
This amendment shall be effective on the
day of
BOARD OF ADMINISTRATION ,,~. CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SY~IVI CITY OF ARCADIA .,>
. ~. ~
.~ ~
BY ~'<) BY d:;
KENNETH W. MARZION, CHIEF$ PRESIDING OFF~R
ACTUARIAL & EMPLOYER .~~~ICES DIVISION ,..i:.
PUBLIC EMPLOYEES' RET~'MENT SYSTEM . ~s...:y
~ "5 ,..:~
<? ",.\
~'" Wit~~bate
~ ...
A~st:
Clerk
AMENDMENT
PERS-CON-702A (Rev. 8\96)