HomeMy WebLinkAbout514ORDINANCE NO. 514
AN ORDINANCE OF THE CITY COUNCIL OF
• THE CITY OF IRWINDALE AUTHORIZING AN
AMENDMENT TO THE CONTRACT BETWEEN
THE CITY COUNCIL OF THE CITY OF
IRWINDALE AND THE BOARD OF
ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
THE CITY COUNCIL OF THE CITY OF IRWINDALE DOES HEREBY 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, and by such reference made a part hereof as though
herein set out in full.
SECTION 2. The Mayor of the City of Irwindale is hereby
authorized, empowered, and directed to execute said amendment for
and on behalf of said Agency.
SECTION 3. This Ordinance shall take effect thirty (30)
days after the date of its adoption, and prior to the expiration of
fifteen (15) days from the passage thereof shall be published at
least once in the San Gabriel Valley Tribune, a newspaper of
general circulation, published and circulated in Los Angeles County
and thenceforth and thereafter the same shall be in full force and
effect.
PASSED, APPROVED AND ADOPTED on the /21st day of July, 1997.
11-0
Patricio S. Miranda, Mayor
ATTEST:
Camille Diaz, Deputy
ty Clerk
/"�, Ordinance No. 514
268/048193-0001/3086681.1 a07/01/97 Page 1
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF IRWINDALE )
I, Camille Diaz, Deputy City Clerk of the City of Irwindale,
California do hereby certify that the foregoing Ordinance No. 514,
was duly introduced at a regular meeting of the City Council held
on the 10th day of July, 1997, and was duly approved and adopted by
the City Council at a special meeting of said Council held on the
21st day of July, 1997, by the following roll call vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
Almazan, Castellanos, Chavez, Tapia,
Mayor Miranda
None
None
ABSTAIN: COUNCILMEMBERS: None
Camille Diaz, Depu City Clerk
Ordinance No. 514
268/048193-0001/3086681.1 a07/01/97 Page 2
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EXHIBIT
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, hereinafter referred to as
Board, and the governing body of above public agency, hereinafter 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, December 21, 1980, March 11, 1984, June 1, 1986, June
13, 1986 and June 30, 1993 which provides for participation of Public Agency in said System,
Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 14 are hereby stricken from said contract as executed effective June
30, 1993, 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, age 55 for local fire members and age 50 for local police
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 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:
a. ELECTED OFFICIALS.
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 fire member shall be determined in accordance
with Section 21369 of said Retirement Law (2% at age 55 Full).
7. The percentage of final compensation to be provided for each year of credited
prior and current service as a local police member shall be determined in
accordance with Section 21362 of said Retirement Law (2% at age 50 Full).
8. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 20042 (One -Year Final Compensation).
b. Section 21574 (Fourth Level of 1959 Survivor Benefits).
C. Section 21427 (Improved Non -Industrial Disability Allowance) for those
members who retired on non -industrial disability after June 14, 1975.
d. Sections 21624 and 21626 (Post -Retirement Survivor Allowance).
e. Section 20903 (Two Years Additional Service Credit) for local
miscellaneous members only.
N
9. Public Agency, in accordance with Government Code Section 20790, ceased to be
an "employer" for purposes of Section 20834 effective on December 21, 1980.
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. Per covered member, $3.50 per month on account of the liability for 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,
(00,11 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.
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 24 th day of August 1997
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
KENNETH W. MARZION, CHIEF
ACTUARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AMENDMENT
PERS-CON-702A (Rev. 8\96)
OF THE
CITY OF IRWINDALE
B�
P SIDING OFFICER
&Ina
Witness Date
Attest:
Clerk
PC
AGREEMENT
TO POOL
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF IRWINDALE
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 Irwindale and its
covered employees shall be pooled pursuant to the provisions of Government Code
Section 21574.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BYZei-e,.. f�Ll' �A&g
KENN W. MARZION, CHIEF
ACTUARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
PERS-CON-59 (Rev. 7/96)
CITY COUNCIL
OF THE
CITY OF IRWINDALE
BYi�ili/�r
J
PRLSIDING OFFICER
Date June 26, 1997