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HomeMy WebLinkAbout370X76 ORDINANCE NO. 370 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF IRWINDALE AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM THE CITY COUNCIL OF THE CITY OF IRWINDALE DOES ORDAIN AS FOLLOWS: SECTION 1. That an amendment to the Contract between the City Council of the City of Irwindale and the Board of Administration, California 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 in full. SECTION 2. The City Manager of the City of Irwindale is hereby authorized, empowered, and directed to execute said amendment for and on behalf of the Agency. SECTION 3. That the City Clerk shall certify to the adoption of this ordinance and shall cause the same to be processed in the manner prescribed by law. APPROVED and ADOPTED this 25th day of January, 1984. — 6- - May�Jose S. Ca-st—enanos ATTEST: Marga r t S. Barbosa, CMC City Jerk/Treasurer I, Margaret S. Barbosa, City Clerk of the City of Irwindale, hereby certify that the foregoing Ordinance, was introduced at a regular meeting on December 15, 1983 and was duly adopted at a special meeting of the City Council of the City of Irwindale, held on the 25th day of January, 1984, by the following vote of the Council. AYES NOES ABSENT: COUNCILMEN: COUNCILMEN: COUNCILMEN: Breceda, Pat Miranda, Michael Miranda, Tapia and Mayor Castellanos None None AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF IRWINDALE The Board of Administration, Public Employees' Retirement System, herein- after referred to as Board, and the governing body of above public agency, here- inafter referred to as Public Agency, having entered into a contract effective November 22, 1964, and witnessed October 20, 1964, and as amended effective July 1, 1974 and December 21, 1980, 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 December 21, 1980, 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 Employ- ees' 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 55 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after November 22, 1964 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 mem- bers 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 member's of said Retirement System: a. ELECTED OFFICIALS. r V %9 /YID x ry %�v 3 5. The fraction of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member shall be that provided in Section 21251.13, of said Retirement Law with all service prior to Social Security termination March 31, 1977, subject to the reduction provided by said section (2% @ 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 21252.6 of said Retirement Law (2% at age 55 Full). 7. The following additional provisions of the Public Employees' Retire- ment Law, which apply only upon election of a contracting agency, shall apply to the Public Agency and its employees: a. Section 20024.2 (One-year final compensation). b. Sections 21380-21387 (1959 Survivors Program) excluding Section 21382.2 (Increased 1959 Survivors benefits). C. Section 21298 (Increased non -industrial disability allowance for those members who retired on non -industrial disability after June 14, 1975). d. Sections 21263/21263.1 (Post-retirement survivor allowance). 8. Public Agency, in accordance with Section 20740, Government Code, ceased to be an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law effective on December 21, 1980. Accumulated contributions of Public Agency as of the aforementioned date shall be fixed and determined as provided in Section 20759, Government Code, and accumulated contributions as of the aforementioned date and contributions thereafter made shall be held by the Board as provided in Section 20759, Government Code. 9. Public Agency shall contribute to said Retirement System as follows: a. With respect to local miscellaneous members, the agency shall contribute the following percentages of monthly salaries earned as local miscellaneous members of said Retirement System: (1) 0.979 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 16.523 percent until June 30, 2000 on account of the liability for current service benefits. b. With respect to local safety members, the agency shall contribute the following percentages of monthly salaries earned as local safety members of said Retirement System: (1) 0.463 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 26.949 percent until June 30, 2000 on account of the liability for current service benefits. c. A reasonable amount, as fixed by the Board, payable in one in— stallment 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 in— stallment 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. 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 cor— rect amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances, or adjust— ments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. B. This amendment shall be attached to said contract and shall be effective on the 11th day of March 1984. Witness our hands the 10th day of February 1984. BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF IRWINDALE BY SIDNEY C. McCAUSLAND, EXECUTIVE OFFICER Approved as to form: Roland K. owns, Legal Office, Date BY Pres ding Officer Jose S. Castellanos Attest: Clerk Margaret S. Barbosa PERS CON -702