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Home My WebLink About1829 ORDINANCE NO. 1829 A ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF ARCADIA AND THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY 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 of the 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 ln full. SECTION 2. That the Mayor of the City Council lS 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 hereof to be published once in the official newspaper within fifteen (15) days of adoption hereof. Passed, approved and adopted this 4th day of Febru ~y, 1986. ATTEST: ,;",/- -~~~~: :- _/.~'~+ ....... '. -. . .; p:~i~ ~ jC"'YOf Mc,di, .~ - 'f _-~ ~-~';.f;; - -1- 1829 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES)SS: CITY OF ARCADIA ) I, CHRISTINE VAN MAANEN, City Clerk of the City of Arcadia, hereby certify that the foregoing Ordinance No. 1829 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 4th day of February , 1986, and that said Ordinance was adopted by the following vote, to wit: AYES: Councilmen Gilb, Hannah, Lojeski, Young and Pellegrino NOES: None ABSENT: None -2- 1829 ~ AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE P{fASf: CITY OF ARCADIA ~ DO Iv ,. The Board of Administration, pu~iC~~tqyees' Retirement System, hereinafter referred to as Board, and.the governin~ b~ARA._above public agency, here~n- after referred to as PubllC Agency, having ed~ee,jnto a contract effectlve October 1, 1945, and witnessed September 24, 1945, ~~~'~s 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 and March 11, 1979, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 10 are hereby stricken from said contract as executed effective March 11, 1979, and hereby replaced by the following paragraphs numbered 1 through 11 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 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. 3. Employees of Public Agency in the following classes shall become members of said Retirement System except such in each such class as are "xcludpd 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). EXHIBIT /lA" - 4. In addition to the classes of employees excluded from membership by said Retipe~ent Law, the following classes of employees shall not become memW.."'.Qf said Retirement System: '"Iv!.' DO N8i~fJIONAL EXCLUSIONS , .)/('"1, "';';'1 ]: ~ 5. The fraction of final compens~t~~IJle provided for each year of credited prior and current service a1V/a()~} miscellaneous member shall be determined in accordance with Se~~{6~ 21251.13 of said Retirement Law with all service prior to Federal Social Security termination March 1, 1977, subject to the reduction provided by said section (2% at age 60 Full and Modified). 6. The fraction 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 21252.01 of said Retirement Law (2$ at age 50 Full). 7. The following additional prOV1Slons 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. Sections 21380 - 21387 (1959 Survivor Program) excluding Section 21382.2 (Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959 Survivor Benefits), b. Section 20024.2 (One-Year Final Compensation). c. Section 20862.8 (Unused Sick Leave Credit). d. Sections 21263, 21263.1 and 21263.3 (Post-Retirement Survivor Allowance) . 8. Public Agency, in accordance' with Government Code Section 20740, ceased to be an "employer" for purposes of Section 20759 effective on April 10, 1977. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20759, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20759. 9. Public Agency shall contribute to said Retirement System as follows: a. ~fith respect to 10ca1 miscellaneous members, the agency sha~.l contribute the following percentages of salaries earned as members of said Retirement 'System: (1) 0.138 percent until June 30, 2000 on account of the liability for prior service benefits. (Subject to annual change. ) (2) 20.067 percent until June 30, 2000 on account of the liablity for current service benefits. (Subject to annual change.) . b. With respect to local safety members, the agency shall contribute the following percentages of salaries earned as members of said Retirement System: (1) 33.253 percent until June 30, 2000 on account of the liability for current service benefits. (Subject to annual change. ) (2) 0.061 percent until June 30, 2000 on account of the liability for the 1959 Survivor Program. (Subject to annual change. ) 10. Contributions required of 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 periodic investigation and valuation required by said Retirement Law. 11. 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 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 ,19_ day of BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM fU4$( [). " o NO" 'I SIGN CITY COUNCIL OF THE CITY OF ARCADIA SIDNEY C. McCAUSLAND, EXECUTIVE OFFICER r'fXfttglr P~~g Officer BY ~Ii tness Da te Approved as to form: Attest: 4~~ 41::i' Legal Office, ;I/z Z./SJ Date Clerk Date PERS-CON-702 (AMENDMENT) (Rev. 9/85)