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RESOLUTION NO. 6412'
'. ,
RESOLUTION OF INTENTION
" .
TO APPROVE AN AMENDMENTTO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
. CITY COUNCIL
CITY OF ARCADIA
WHEREAS, the Public Employees' Retirement Law permits the participation of public
" . agencies and their employees in the Public" Employees' Retirement System
by the execution of a contract, and sets forth the procedure by which said
public agencies may elect to subject themselves a"nd their employees to
amendments to said Law; and .
. .
. "
. WHEREAS, one of the steps in the procedures to ar:nerid this contract is the adoption
by the governing body of the public agency of a resolution giving notice of
its intention .to approve an amendment to said contract, which resolution
shall contain a summary of the change proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 21027 (Military Service Credit for
Retired Persons) for local miscellaneous members and
local safety members. .
. .
NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency
does hereby give notice of intention to approve an amendment to the
contract between said public agency and the Board of AdlT)inistration of the
Public Employees' Retirement System, a copy of said amendment being
attached hereto, as an "Exhibit" and by this reference de a part hereof.
004.
'Passed, approved a~d adopted this 6th day of Januar
Title
ATTEST:
.~
APPROVED AS TO FORM:
. Clerk
"-
.~
(Amendment)
CON-302 (Rev. 4/96)
~P./~-
City Attorney __---- 6412
. City of Arcadia ..",-
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6412 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 6th day of January, 2004 and that said Resolution
was adopted by the following vote, to wit:
AYES: Council Member Chang, Kovacic, Marshall, Segal and Wuo
NOES: None
ABSENT: None
j
CitY Clerk of the
6412
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(888) CalPERS (225-7377)
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
City Council
of the
(governing body)
City of Arcadia
(public agency)
on Januarv 6. 2004
(date)
ecreta ry
June D. Alford,
Arcadia City Clerk
Title
PERS-CON-12 (rev. 1/96)
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E L.
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Ca1PERS
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, October 11,
1999, December 8, 1999 and October 19, 2001 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 19, 2001, 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.
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 each year of
credited prior and current service for local miscellaneous members 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 21362.2 of said Retirement Law
(3% 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.
f. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local fire
members only.
g. Section 21027 (Military Service Credit for Retired Persons).
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
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.
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 5th day of March , 2004 .
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF ARCADIA
BY :✓ / � � /evn-s�_ BY
KEWNE'TH HIV. MARZI CHIEF PRESIDING 0 IC 1'
AC+UARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
,2 tre
Witness Date
APPROVED AS TO FORM: Attest:
1'
4 -) 6"-e."--=L
Stephen P. Deitsch C`teerk j
City Attorney
AMENDMENT ER# 0094
PERS- CON -702A (Rev. 8 \02)
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
•
Sacramento, CA 94229 -2709
(888) CaIPERS (225 -7377)
•
CERTIFICATION OF GOVERNING BODY'S ACTION
•
•
1 hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
City Council of the
(governing body)
•
•
•
City of Arcadia
(public agency)
011 January 6, 2004 . .
(date) •
a:
CI ecretary
June D. Alford-
Arcadia City Clerk
•
Title
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•
PERS- CON -12 (rev. 1 /96)
•
•
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6412 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 6th day of January, 2004 and that said Resolution
was adopted by the following vote, to wit:
AYES: Council Member Chang, Kovacic, Marshall, Segal and Wuo
NOES: None
ABSENT: None
• Ci Clerk of the of Arcadia