HomeMy WebLinkAboutC-0227 - CalPERS A,*
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, October 19, 2001, March 5, 2004 and September 28, 2008
which provides for participation of Public Agency in said System, Board and Public
Agency hereby agree as follows:
A. Paragraphs 1 through 13 are hereby stricken from said contract as executed
effective September 28, 2008, and hereby replaced by the following paragraphs
numbered 1 through 16 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 entering membership in
the miscellaneous classification on or prior to the effective date of this
amendment to contract, age 60 for local miscellaneous members entering
membership for the first time in the miscellaneous classification after the
effective date of this amendment to contract, age 50 for local safety
members entering membership in the safety classification on or prior to
the effective date of this amendment to contract and age 55 for local
safety members entering membership for the first time in the safety
classification after the effective date of this amendment to contract.
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. Public Agency agrees to indemnify, defend and hold harmless the
California Public Employees' Retirement System (CaIPERS) and its
trustees, agents and employees, the CaIPERS Board of Administration,
and the California Public Employees' Retirement Fund from any claims,
demands, actions, losses, liabilities, damages, judgments, expenses and
costs, including but not limited to interest, penalties and attorneys fees
that may arise as a result of any of the following:
(a) Public Agency's election to provide retirement benefits,
provisions or formulas under this Contract that are different than
the retirement benefits, provisions or formulas provided under
the Public Agency's prior non-CaIPERS retirement program.
(b) Public Agency's election to amend this Contract to provide
retirement benefits, provisions or formulas that are different than
existing retirement benefits, provisions or formulas.
(c) Public Agency's agreement with a third party other than
CaIPERS to provide retirement benefits, provisions, or formulas
that are different than the retirement benefits, provisions or
formulas provided under this Contract and provided for under
the California Public Employees' Retirement Law.
(d) Public Agency's election to file for bankruptcy under Chapter 9
(commencing with section 901) of Title 11 of the United States
Bankruptcy Code and/or Public Agency's election to reject this
Contract with the CaIPERS Board of Administration pursuant to
section 365, of Title 11, of the United States Bankruptcy Code
or any similar provision of law.
(e) Public Agency's election to assign this Contract without the prior
written consent of the CaIPERS' Board of Administration.
(f) The termination of this Contract either voluntarily by request of
Public Agency or involuntarily pursuant to the Public Employees'
Retirement Law.
(g) Changes sponsored by Public Agency in existing retirement
benefits, provisions or formulas made as a result of
amendments, additions or deletions to California statute or to
the California Constitution.
4. 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).
5. 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
6. The percentage of final compensation to be provided for each year of
credited prior and current service for local miscellaneous members in
employment before and not on or after September 28, 2008 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).
7. The percentage of final compensation to be provided for each year of
credited prior and current service for local miscellaneous members in
employment on or after September 28, 2008 and not entering membership
for the first time in the miscellaneous classification after the effective date
of this amendment to contract shall be determined in accordance with
Section 21354.4 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
(2.5% at age 55 Full and Modified).
8. The percentage of final compensation to be provided for each year of
credited current service as a local miscellaneous member entering
membership for the first time in the miscellaneous classification after the
effective date of this amendment to contract shall be determined in
accordance with Section 21353 of said Retirement Law (2% at age 60
Full).
9. The percentage of final compensation to be provided for each year of
credited prior and current service as a local safety members entering
membership in the safety classification on or prior to the effective date of
this amendment to contract shall be determined in accordance with
Section 21362.2 of said Retirement Law (3% at age 50 Full).
10. The percentage of final compensation to be provided for each year of
credited current service as a local safety member entering membership for
the first time in the safety classification after the effective date of this
amendment to contract shall be determined in accordance with Section
21363.1 of said Retirement Law (3% at age 55 Full).
11. 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) for those local
miscellaneous members and local safety members entering
membership on or prior to the effective date of this amendment to
contract.
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).
f. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local fire
members only.
g. Section 21027 (Military Service Credit for Retired Persons).
h. Section 20475 (Different Level of Benefits). Section 21353 (2% @
60 Full formula) and Section 20037 (Three-Year Final
Compensation) are applicable to local miscellaneous members
entering membership for the first time in the miscellaneous
classification after the effective date of this amendment to contract.
Section 21363.1 (3% @ 55 Full formula) and Section 20037
(Three-Year Final Compensation) are applicable to local safety
members entering membership for the first time in the safety
classification after the effective date of this amendment to contract.
12. 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.
13. 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.
14. 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.
15. 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.
•
16. 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. so.
B. This amendment shall be effective on the Co-Fl day of Qo*c'62 r , \\.
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF ARCADIA
BYE
DARRYL WATSON, CHIEF PRE 1i'IN i FFICE'
CUSTOMER ACCOUNT SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
September 15, 2011
Witness Date
Attest:
Clerk
AMENDMENT ER#94
PERS-CON-702A
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, October 19, 2001 and March 5,
2004 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
March 5, 2004, and hereby replaced by the following paragraphs numbered 1 through 13
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 in employment before
and not on or after the effective date of this amendment to contract 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 for local miscellaneous members in employment on or
after the effective date of this amendment to contract shall be determined in
accordance with Section 21354.4 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
(2.5% at age 55 Full and Modified).
7. 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).
8. 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).
f. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local fire
members only.
g. Section 21027 (Military Service Credit for Retired Persons).
9. 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.
10. 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.
11. 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.
12. 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.
13. 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 28th day of September , 2008 .
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF ARCADIA
BY A - Lam,, BY J /C� �4
LORI MC ' 'TL ° NDD, C EF PRESIDING O E
t
EMPLOYER S 'VICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
March 5,2008
Witness Date
Attest:
lerk
AMENDMENT ER# 94
PERS- CON -702A (Rev. 10 \05)
• �i
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
\t l'
i' -t1 / h 4..6 ii,c1 /a, BY fti i t '
KENNETH MARZI I, CHIEF PRESIDING 01/=IC 1'
ACIJARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
-5 ; .z -' y
Witness Date !J
APPROVED AS TO FORM: Attest:
_dv„„P
Stephen P. Deitsch Cteerk
City Attorney
AMENDMENT ER# 0094
PERS- CON -702A (Rev. 8 \02)
li
CaJPERS
California
Public Employees' Retirement System
AM ENDM ENT TO CONTRACT
etween 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 and December 8, 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
December 8, 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.
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 21362.2 of said Retirement Law (3% at age 50 Full). The
required member contribution rate is 9% of reportable compensation.
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.
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 18th day of October , 2001 .
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF ARCADIA
/ 1 /
BY BY 1
KENNETH W. MARZION, CHIEF PRESIDING 0' FIC `
ACTUARIAL & EMPLOYER SERVICES DIVISION Mayor of the Cityrof Arcadia
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Witness Date
Attest:
;
GE6rk
APPROVED AS TO FORM:
•
n
• , ✓I'G,� / ? /i ii...`
City Attorney
City of Arcadia
AMENDMENT
PERS- CON -702A (Rev. 8 \96)
�i
Ca1PERS
California
Public Employees' Retirement System
AMENDMENT TO CONTACT
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.
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.
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 Tess 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 8 day of December , 1999 .
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF ARCADIA
4 Ago ..
BY )4
BY
KEN 'H . MAR ON, CHIEF PRESIDI OFFICER
ACTUARI A & EMPLOYER SER ICES DIVISION
PUBLIC PLOYEES' RETIREMENT SYSTEM
�' / � z
r/ �.. �c.c, /(F
sC -2.�
Witness Date
Attest:
7Clerk
AMENDMENT
PERS- CON -702A (Rev. 8 \96)
Ca1PERS
California
Public Employees' Retirement System
AMENDMENT TO CONT I' ACT
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 and June 4, 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
June 4, 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.
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 only.
f. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local fire
members 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 mernbers
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 Tess 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 October , 19 99 .
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF ARCADIA
BY /W 14 . BY
, '
KEN H W. MARZI• N, CHIEF / PRESIDING OFFICER
ACT • RIAL : EMP •YER SERVIC S DIVISION
PUBLIC EM' LOYEES' RETIREMENT SYSTEM
Witness Date
Attest:
AMENDMENT
PERS- CON -702A (Rev. 8 \96)
AGREEMENT
TO POOL
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
BETWEEN THE
BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
CITY OF ARCADIA
WHEREAS, Government Code Section 21574 provides for a single employer rate to be
established to provide benefits under said Section on account of members
employed by contracting agencies electing to include the provision of said
Section in their contracts; and
WHEREAS, Government Code Section 21574, requires pooling of all assets and
liabilities of all contracting agencies subject to said Section;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Arcadia
and its covered employees shall be pooled pursuant to the provisions of
Government Code Section 21574.
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF ARCADIA
i
BY ��+ � / :./ __ BY
KEN g W. MARZIO , CHIEF / PRESI G OFFICER
ACTUARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
y917?
Date
PERS- CON -59 (Rev. 7/96)
Ca1PERS J 3 1 5
CITY OF ARCADIA
California CITY CLERK
Public Employees' Retirement System
AMENDMENT TO CONT I" ACT
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, and December 2, 1994 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 December 2, 1994, 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 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).
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.
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 safety members.
b. 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.
c. 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 4 7 , day of :Su me_ , 19 `t `l .
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF ARCADIA
BY . /1 _ BY
K. TH . MARION, CHIEF Y PRES ING OFFICER
At dARIA & EM OYER SERVI I ES DIVISION
PUBLIC ► PLOYEES' RETIREMENT SYSTEM
}-e- So l 4i g Cf
Witness Date
Attest:
Clerk
AMENDMENT
PERS- CON -702A (Rev. 8\96)
•
Copy ;
(2.,
l;()t fq111J(1� 2G O
1956
(date)
Henri! of Administration
;;trto Employees' Retirement System
Sacramento lli, California
Gentlemeint
I hereby certify to the following facts:
1. That the C i L t Count: 11 of said Agency adopted on
(Name of Govornin�; L .dy)
�. � , i9a_, a resolution with a copy of
the contract attached, givine, notice of intention to approve an
runnnt!ent to the contract providing for the participation of said
Ai; in the S tate Emp1oynes Retirement System, making its
r - pinynr0 umbers of said tyate!:a, a certified copy of said resolu-
tinn, in the torts furnished by said Board o f Administration, being
attached hereto.
2. That the of said Agency adopted on
or Governing dody)
f� r. - , 19...a and by the affirmative vote
of two- thirds of the members of said governing body, a
:: ::.tree. approving said amendment to the
lic,solution or Ordinance)
{ contract providing for participation of said Agency in the State
Employees' Retirement System, making ite employees members of said
:;yetem, a certified copy of said C r + 11 nanr. C in
(Resolution or urdinanee)
the form furnished by said Board of Administration, being attached
hereto.
Tours truly,
CiiitICTIt:E VAN MAANEN
(Clerk sr..8eai)
t . ' :k , i 1, c.,' �
(,; of Agency
ti+
1
F 130d (Over. % & Coup.) 10 400
1
. , , ..
•
. ...
"4
� <�, 0 _ _
,
AKEIM.7.72 TO cC"T'LCT rrfus ism
E "O 07 LI2MaS7r
STATE m7rdarnsi RZwa= SYSTEM
LID TI`S CITY CO CII. OF THE
CITY OF ARCADIA
eat and the City
The Bawd =' Ad'"s"�•a'ati.on, StateP�'Ye°e the to having entered
into i-1 of the Ci t of lircad a9 ! 19I 5i effective October 1 15'4 September into a contract 1= dote of
dies for ti pnrtioipatiea of said Agency in said Retirement
which pa'o and
� said Contract bin ; ba^ei on I�etir•msa� �� of �istrat3+m
thor•to which ch i b®neftte of retirement
said City Council hereby agree as follows
1. Paragraph 9 of said Contract shall be and is hereby stricken from said
Contract.
2. The following paragraphs shall be to said Contracts
9. The Pr
ovicione of Section 21367.51 of the State Employees' Retirement
Leta providing a a00 loath benefit � olio Agway. SHALL APPLE' to
b
i persons who ars members ean
13. The p� S marina 20952,5 of the State s Retirement
• !or
{ � of .,
Lew which provide age 50 as the minim= voluntary me as P t
Local � and local Policemen SHALL APPLE to employees
. Agency who become members of the Retirement System as Loma Firemen
or Local Policemen.
3. The amoun t sheep in paragraph lha shall read 4124,247.h9
k. The percent stated in paragraph llb shall be amended to rend 8.198.
\-.- CITY CGUEI c 5 This amendment shall be attached to said Contract and shall be effective
as of fain r L. 19 i •
Witness our hand this Ot
?h day °f
OF ��,-
BOARD OF ADMIDISTR.ATIO3 CITY OF '
1 STATE EMPLOYEES' RETIREMENT ATE
tu-e•Prea •en
Attests
Attest?
) � � ,,
Executive Officer
City Clerk
Approved by the Board of A4,Inietrationa State Employes' Retirement System,
at the greeting held t - B 8 1 � � 7
}
I
::OrNAN r! . 371
(H- LIv.:r -: C=7. CO :IL OP Tai CITY 0? AJlOADIA, CALIPO/V :1,
(:,.,::.r of C- vernir.g ob )
7;3 A :. � 7t +� : cc! PROVIDING FCR T}
! 1t'h♦ 1�! ?. rI l.: H' CI'? G AP A IA
(:lano rf Public Agency ��
•
t!;', GAI:1".•tRNIA STAT3 FJt"J;7FF5 RE7IHEMKNT STSTEU, MAKING
TTS F?_l."IrOYEES MEMBERS OF SAID STSTEM. -- -
C I♦ a =Tale Of t1+ CIra W MAMA, CALIFORNIA,
(Name of Governing Body) (]lame os public Agency)
Li -Jain as follows: •
•
5 :.. "T:3 1. That an antendnant to the Contract providing for the participation
7117i Ci? CY AR ADIA in the State Employees' Retirement Syste c,
are o!' A.fencyl
the CITT COUTICEL
•
(Name of Governing rocLy •
OF APCkDIA • and the Aoari of A tra*.ioh, r . r - --
, �P t.cy )
• ...•t.,: ,.,,n' System, x cc;.y of said aaenctlent beir:,; •
t , a:: +. tt !mch roforonce made a part hereof an t.hrn.,;h hr n! !.
•
:i.e Y.s or of the City of Arcadia
(Title or Presiding bfficer) (Note of Public
is h authorised, empowered, and directed to execute said amend-
j for ; nr' nn :xthaif of said Agency.
"' . h.1 Ordinance shall take effect thirty • days after the date
••! !c,nti -n. Ar11 rrior +^ the expiration il�ta days from the passe:.
! f sr i:: i 1 n publ iched at least • Q_in in the -- adia Tribune, snd ,a
.'� rcaclla News, • (Name of tieso.Yper)
• • ; r of ge.-C. r-+� circu:atior., puhlish�d and circulated in the Critx of
• . -- (Name of
.n �.r , and thenceforth and thereafter the same shall hn in ful:
•
n • r ,r!
• -,•mac! i •
..17,rrr - --1 *.his O th day of November 195 .
•
ROBERT F. DENNIS
(Pres -ding Officer) _
Mayor protempore
'elAANEN '
„ler►c ` y
(:;E t, ,, • F 12ed (Guar.. & Comp.) �. - S( e
.�n"T^.R. ter. -... ,...n -•. .. ... ,.. .:. `�'.' .,
•
•
•
.e.., ... ar.,.•nwrp Era W. Cowman
.1..1.600 6. 0 Cam: r/ii_ 0.,+.00.+0 ../ . A ..1Ir
0 .. •.. w Cow ..r. ` 00 •� ' 11140.10 R. M68601
J.rr• Dc.r Si E' n rr � 0C1
Dew.I P G.LLf Gomm 1 S Y `°i'f�d[. t sO
Trte+.a.E W Jt+r..E'U i^ ")�A✓ 0 « 1 000/.00 le Cirowso
..L C KIwRCCr a..'•.• .,A RR7,r.111.1.171M
M 00.00-0 H. Aoomwes. �, t• M��
STATE OF CAUFORNI �� van
BOARD OF ADMINISTRN
mi to ufcrs larttr A
13110 K SMUT
SACRAMENTO 14
R...R IMO= react MOL. 1e 114110la
Rvs,. Yses Aeaealrt wemes
CC, . ' ; ' � ; CT OF
r- te ( 7, .�canTi
(:lane of rutlic Agency)
with the
Fir- cf ' .' „t,5 =".711"H and I:5iGLk D, ouism .1c:'u1:':I?S, for
_a:anc an investi ation and valuation as stated herein.
i. :R:: _ _,_ t' i- ea c f
This ^a M , 1 , ky and betneen the
.____ — :L of Cam:.' C:'
.e. c_.. , . r , re: to as ;; e nc-, , and CCATI,C, - ".. :7; : i a ;ri h : Jim: 3, a co -r. artne-
chii :-r1 L. .'erfur th and Arthur .. . ::.'i., Consuitinc iaet'laries
here.-a: to rr ferred to as .actuaries.
2. Acenc•, herewith enzares and retains the services of Acctuaries for the following
a. To !a : :e as of june 31, i950, :- th reference to nerser.s rho have been
and are ,cW'c:-s of t' State Employees' Retina -•e:.t S, with credit
for se • _e ren as em71r7ees, the invest r•a:,ion and valuation
pre :c_ in - -ct :.(r. 20::4; of the State Employees' Teti -elegit Lav,
t. C
7''.•r1:T5 Or r--i_.-I 2st. ^iticn !Ind valuation to be the 'oasis cf
dete'.'•. :':'.' .c: cf Atin -n if a .7• a d '
rent in — co t u. _nc rr_auiree of a-ency ' n er the cos :rrct Le-
t-een its legislative body and said Board.
b. To na' :e as of ':'n^ 31, 1950, such valuation of assets and liabilities
as -a; be necevra:-' to fete - m.ine 2`.3 con'ribit: cn r.:ii _h world be re-
" ri o: ;. -er If _ :t , :: cd itself L nd it: e p ;lees to the a'lend-
re 's to the w inem Lai R9 on "line: :n pa - •are o.
i J 55 rich 1 _o at- o'lei to "+i- „on:.if a•. :.Ade, a Hart hereof. The
Ac'.::Rrien' rC^ ^.'t; •• _ , resi ect t: sai 3 .and len s shall he as follows:
C ne : e::•ort re: ?ara -r :. :1 __ lr F 55).
~le rcpt re: f ars ^ 2': __ n
Cale re^ort re: P9r3 ,^'3ph w a a
F 4214 - 1 10-50 2000
,
•
•
c. Actuaries are to prepare additional reports, or information supple -
cntary to the reports mentioned above, with respect to the contribu-
tirns ^=r.`_ cn would be reluired of hgenc -, on the basis of the fore-
- r-r a stions and in ornetion which will be furnished by the
F,- -e -ant S;stem, if it elects to be subject to amendments as
cat_ 7a.d in sub - paragraphs ____ of paragraph D of For 559.
3. It is assumed that the employees of the Agency are of two member_classifications
an' t ,at there will be included in the valuation 127 persons who are Ambers or
r.':0 arc receiving retirement allowances because of service rendered to Agency.
L. Sh -.:id Actuaries encounter in the valuation any unusual situation or should
Actuaries be requested by Agency to make further valuations of different com-
binations of benefits and contributions, which might require an additional ex-
penditure of time, said situation and request shall be brought to the attention
cf the poard of Administration, State Employees' Retirement System for further
consideration. It is understood that the time expended in connection with said
uru ua1 situation and further valuation, is not included within the fee stated
herein.
5. Aeer.c;' and Actuaries understand that said Board of Administration will furnish
to . Actuaries, the data relative to persons who are members of said Retirement
System with credit for service rendered as employees of Agency, necessary for
performance of the work described in paragraph 2. Both parties also understand
that said ?card of Ad.-inistration will make available to Actuaries, various
tables and cc:,cdules of rates based on the experience under said Retirement
Sastea a rn -:: ±e: s thereof, as determined in current and previcus investigations
and valuations. Both parties understand, further, that in accordance with said
Retirealent Law, the vror:c to be performed by Actuaries shall be performed under
the direction of the Actuary of the Retirement S; step, and that all data in
connection rith said world, including cork sheets, final results, and reports
from '.ct;:aries, shall be the property of the Board of Administration and shall be
delivered to said Fcard at the conclusion of said work.
6. For the full ierfonance and completion of said services, Actuaries shall receive
from Agency, the follawing amounts:
_ For work provided in sub - paragraph a. of paragraph 2 hereof $ 121.20
It n n n n n b. n n n n $ --- ---
n n n n If n c. a n n n $ - - - ---
_. Total $ 121.20
subject to adjustment on account of variation in the number of employees for
rheas data are submitted as provided in paragraph 5 hereof, from the number of
such e-alayers stated in rara?rapl 3, and subject to any adjustment made on
account of any unusual situation, or on account of further valuations of differ-
ent c- .-.binat:cnz o: benefits ani contributions requested Agency, as hereinbe-
fore -: cvidec;. Agency agrees , ;,hat the sum fixed in this paragraph as cornpensa-
tian far the s - Irvices to be performed by Actuaries, shall cover only the calcula-
tions and cc' f rrences bet een tt.a officers and employees o:' the roard of
Adainistratian and Actuaries, necessary in the performance of the work, excluding
co:iferrnces } e. - Agency and '.ctuaries. it is understood and agree that Agency
shall deal may through said Bard of Administration.
4 '
_te
F !124 - 2 10-50 2000
' e
0
7. Actuaries hereby agree to render the services herein provided for and to complete
the same in a satisfactory and expeditious manner. Actuaries shall furnish to
the Beard of Administration, in addition to data provided herein to be furnished,
. ' a' reitt771 5� _ .nary- in dupl -icate on the Retirement System's form, of the results of
the calcu1atens *made under this agreement and the compensation provided for here-
in shall be i.�;-sble by Agency when such summary is delivered to the Board of
Administration.
8. This contract is made and entered into in accordance with the provisions of
Chai.ter 4 of the State Employees' Retirement Iaw, and is subject to the provisions
of said Law.
WITNESS OUR HAND$ the day and year first above written.
PTTHST: ,
- z , . CITY OF ARCADIA
•
/� (. 1 ne of Agency)
____4_,e47(___
-
C ty 7,11e7.'1!
Approved by the Board of Administra By , ✓L r -n � ,
tion, STATE EMPLOYEES' RETIREE ENT
SYSTEI, at the meeting held
(Title)
Date MAR 1 81951 COATES, HERFLRTH OD ENGLAND, a co-
partnership composed of:
/ice
C Carl E. Herfuith
By 1 Arthur W. England
Executive Officer
-�...--
•
F 424 - 3 10 -50 2000
i/tt d 31 .... ilk. .i.r , _ , .
1 � •
• IS 0 (?
BOARD Of AD11INtSYSATIOR ' ItIt5 EAEL W. CNAMIAN
.SECutiv( OI►t!O
JOHN R. CORNWELL. •IIE.IDINT *IS"
H. H. BENEDICT Y �I RALFl. R. NELSON
RALPH H. COWING 1 195 0
ACTUARY
JAMES DEAN DEG . ` A
DONALD GALLAGHER ; �, et `.r. E1MARD K. Comm
THEODORE H. JENNER `f ^n �" A SSISTANT dOCUTIK OI►ICY
WALTER C. KENNEDY ZZIITT���"'' * `
HAROLD H. ROBINSON rr‘' {��4 V��
1 LAUREN C. HAISNT
STATE OF CALIFORNIA ASSISTANT ACTUARY
• _ = BOARD OF ADMINISTRATION
Ahztc gmplogeus' ?Retirement A
1320 K STREET r j '
SACRAMENTO 14 — , b
PLEASE DIRER YOUR REVLT TO SECTION
REFER TO MEMEER ACCOUNT Nunes.
CONTRACT CT OF
(Name of Public Agency)
with the +,
Firm of COATES, HERFURTH and ENGLAND, CONSULTING ACTUARIES, for
making an investigation and valuation as stated herein.
1. This AGRET7 �11T made this day of , 19 , by and between the
of A
�erF sin ftor referred to as Agency, and C07' TF S, rr0M:H and ENGLAFD, a co— partner-
] ship composed of Carl E. Herfurth and Arthur W. England, Consulting Actuaries,
hereinafter referred to as Actuaries.
WITNESSETH :
2. Agency herewith engages and retains the services of Actuaries for the following
work: •
a. To make as of June 30, 1950, with reference to persons who have been
and are members of the State Employees' Retirnneht System with credit
- - - for serve Q rendered as employees, the investigation and valuation
provided for in ,ect_on 20127 of the State Employees' Retirement Law,
the results of said investigation and valuation. t., basis of
determination b;- the Fard cf Administration of any necessary adjust—
ment in the con'ribuc'.ons required of acency ender the contract be—
tween its legislative body and said Board.
b. To make as of Jame 30, 1950, such valuation of assets and liabilities
as nay be necessary to dete-,rine the contribut;cn which would be re—
a': :red of 4j en - if it sut;,�: ted itself end it; emp1.7yees to the amend—
.
ments to the Ra'.irem•! Larr as ou +lined in ��a '�s --- of
Pa' =6- p
Form 559 ;:'.Lich is att<: zhed to this contract an.t :jade a part hereof. The
Actuaries' reports with respect to said amendments shall he as follows:
Cne report re: Paragraph - of Fora K59.
Cne report re: Paragraph, "'-"`• " "
One report re: Paragraph "'""m " " R
F 424 — 1 10 -50 2C1)0
b 4
•
1 :2
NCIVXCMT TO CC M ' EV7tilx.al TH
NAM ' F ADEEHLSTRaTIGM
:Try LNPLOYLFYI w LL FICTD
ANJ ita: CITZ GOU4C1L OF THE
+ - --_ _ — . _ — •.- CITT CF ARCADIA
The 7Y of Itdn".r"atrat icl :Mate Retirement ' Retirent yatsm, and they City
Connc 1 of the City of Ac hereinafter referred to ea Agener hnring entered
into a cmntract ondcr date of September 2 4, 19145 effective October i 3 5e
writc."r provides fcr tte pl!...1 of ooi.d At tc7 in 'Mg Rs teme
seed said Contract bcin b on the Hatimment Lima exclusive of uneregiestli
thorsto which chi ed ate of retir+smont add Board of Adainletratireet ad
said Ci v Council beret/ twee as follower
1. Park:mph 9 of said Centres% shall be and is hereby stricken Ina odd
Contract.
29 The following paragraphs shall be added to said Contracts
9. The Ir vteimas of teatime 21 7.51 of the State Employees' ihddlammuma
Lets providing a 0400 death benefit after retirement SHALL •PPLT to
{ person who aro nesters besawao of employment Or Public Agway.
13. The provide= of Section 20952.5 of the tats Lmplarrese 8stiremeotti
Law which provide as 50 as the einimma voluntary redrawn% age for
Local Yircion and Local Polieemtea SHALL APPLY to ee,ptoyoes of Asbll+a
Agency ubo become members of the Retirement System as Lanai 71X.
or Leea1 Policemen.
3. he amt *WW1 in paragraph lla shall read 614,147.49
4. The percent stated in paragraph lib shall be amended to read 8.198.
5. This trier tent shall be attached to said Contract and shall be effective
as of January 3.. 1957 •
vitn•s our harm this 20th - 4!y of Noyembor. 1C146_
- - I- :IT.A?i. 1 CITY CCU/MIL OF—THE
TA F.}{PLt:YL: a R }tip' ? SYSTEM CITY OF ARCADIA
4 Provident Presiding (Meer. Mayor protempor
".ttecta Attest,
,�rcrru v+o Coili.ner City Cleric
Approved by tho rd o tn atra i.on Mate EmPlayeess Hettmesset Systems
at the mooting held •