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RESOLUTION NO. 4320
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARCADIA DECLARING ITS INTENT TO
APPROVE AN AMENDMENT TO CONTRACT BETWEEN
THE BOARD OF ADMINISTRATION OF ,THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND
THE CITY COUNCIL OF THE 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 and their employees to amendments to said law;
and
WHEREAS, one of the steps required in the procedure to
amend this contract is the adoption by the legislative body of the
public agency of a resolution giving notice of its intention to
approve an amendment to said contract, which resolution shall con-
I
tain a summary of the changes proposed in said contract; and
WHEREAS, the following is a summary of the proposed
change:
'\
1. Provides, upon the death of a local safety member who
has retired for service or disability> for the conti,nua tion of
one-half the retirement allowance to certain survivors.
,NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA
DOES HEREBY RESOLVE:
SECTION 1. That the City Council of the City of Arcadia
gives, and it does hereby give notice of intention to approve an
amendment to contract between the City Council and the Board of
Administration of the Public Employees' Retirement System, a copy
of said arr.endment being attached hereto, marked Exhibit "A" and
by this reference made a part hereof.
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4320
SECTION 2. The City Clerk shall certify to the adoption of
this resolution.
I HEREBY CERTIFY that the foregoing resolution was adopted
at a regular meeting of the City, Council of the City of Arcadia
held on the 20th day of March , 1973, by the affirmative vote
of at least three Councilmen, to wit:
AYES: Councilmen Arth, Butterworth, Helms, Scott
and Hage
NOES: None
ABSENT: Nm e
f21ir~~ #tMJ~ ~
City Clerk of the C~ty of Arcadia
SIGNED AND APPROVED this 20th day of March , 1973.
~~
Mayor of the City 0 ArCinlia
ATTEST:
~/2d7~IJ~n~
C~ Y Clerk
(SEAL)
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4320
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A}!ENDloOOIT TO CONTRACT BEI'1'IEEN THE,,"" >
BOARD OF ADNllnSTRATION,;! !"'%',
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PUBLIC EHPLOYEES I REI'IREHENT SYSTEM.>, ','; ;"',
J\J'lD THE "'",/ ,',,' , "
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CITY COUNCIL
OF THE
CITY OF ARCADIA
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The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board, and the CITY COill,CIL of the CITY OF ARCADIA, hereinafter re
ferred to as Public Agency havlng entered into a contract under date of September
24, 1945, effective October 1, 1945, and as amended effective July 1, 1953; January
1, 195'7, January 1, 1958, January 19, 1964, February 28, 1965 and October 1, 1972,
and as provided by Chapters 170 and 316, Statutes of 1971, which 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 l, 1972 and the following paragraph substituted therefor:
4(d)(4) Section ,,21264 (pro\~ding upon the death of a local safety member
who retired for service or disability for the continuation of
one-half the retirement a~lO\;ance to certain survivors).
B, Public Agency shall, co~tribute to said Retirement ,System as follows:
a. Vlith resp3ct 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 fixed by Section 207501 of the
Retirement I.a~I.
<:3) 0.03 percent on account, of ',;,he liability for the 1959 Survivors
program.
b. 'flith respect to local safety members, the agency shall contl'ibute
the follo\dng percentages of monthly salaries earned as local safety
members of said System:
(1) 2.406 percent lliltil June 30, 1977 on,account of the liability
for prior service benefits
City of Arcadia
(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 shall be attached to said contract and shall become effec-
ti ve on the day of
,Witness our hands this
day of
BOARD OF ADcfINISTRATION
PUBLIC EMPLOYEES I REl'IREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF ARCADIA
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BY '-~~-'
Presiding Officr::r:
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Attest:
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Clerk