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Home My WebLink AboutOrdinances_2422 ORDINANCE NO 2422 An Ordinance of the City Council of the City of Redlands authorizing an amendment to the contract between the City Council of the City of Redlands and the Board of Administration of the California Public Employees' Retirement System The City Council of the City of Redlands does ordain as follows- .Section 1 That an amendment to the contract between the City Council of the City of Redlands 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 Council is hereby authorized, empowered and directed to execute said amendment for and on behalf of said Agency Section 3. The Mayor shall sign this ordinance and the City Clerk shall certify to the adoption of this ordinance and shall cause it, or a summary of it, to be published once in the Redlands Daily Facts, a newspaper of general circulation within the City of Redlands, and therefore, this ordinance shall take effect in accordance with the law Adopted and approved this 19th day of Oct , 1999 Mayo of the f Re I nds Attest. qCityerk I, Lorrie Poyzer, City Clerk of the City of Redlands, hereby certify that the foregoing ordinance was duly adopted by the City Council at a regular meeting thereof held on the 19th day of October, 1999, by the following vote AYES Councilmembers Banda, Gilbreath, George, Freedman, Mayor Cunningham NOES None ABSENT None ABSTAIN None Lorne oyzer,V ark Cit f Redlan CERTIFICATION 1,Lorrie Poyzer,City Clerk of the City of Redlands,California,do hereby certify that thi�ss , is a true and correct copy of Ordinance No�2 which has been publis ; irl th'W'Iocal newspaper pursuant to lame 42,A A I/ City Clerk 70 City of Redlands,California I, CaIPERS California Public Employees' Retirement System AMENDMENT TO CONTRACT Between the Board of Administration Ca.ffornia Public Employees' Retirement System and the City Council City of Redlands 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 July 1, 1945, and witnessed June 1, 1945, and as amended effective January 1, 1953, August 1, 1956, March 1, 1957, January 1, 1960, August 1, 1961, January 1, 1969, August 16, 1969, May 16, 1973, April 25, 1974, September 22, 1975, July 12, 1976, February 18, 1980, April 11, 1983, October 24, 1983 and June 29, 1987 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows. A Paragraphs 1 through 11 are hereby stricken from said contract as executed effective June 29, 1987, 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 60 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 July 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- a. PERSONS COMPENSATED ON AN HOURLY BASIS HIRED ON OR AFTER JANUARY 1, 1969. 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 21353 of said Retirement Law, subject to the reduction provided therein for service on and after January 1, 1956, the effective date of Social Security coverage, for members whose service has been included in Federal Social Security (2% at age 60 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 21222 1 (Special 5% Increase-1970) Legislation repealed said Section effective January 1, 1980 b. Section 212222 (Special 5% Increase-1971) Legislation repealed said Section effective January 1, 1980 �`".r_t , .� .�. i�i--. _ a _ as r .., - ' •'' a l�__ , e r--a• r— c Sections 21624 and 21626 (Post-Retirement Survivor Allowance) d Section 20614, Statutes of 1978, (Reduction of Formal Member Contribution Rate) From February 18, 1980 and until April 11, 1983, the normal local miscellaneous member contribution rate shall be 0% From February 18, 1980 and until October 24, 1983, the normal member contribution rate shall be 7% for local fire members and 6 1% for local police members Legislation repealed said Section effective September 29, 1980 e Section 20690, Statutes of 1980, (To Prospectively Revoke Section 20614, Statutes of 1978) f Section 20042 (One-Year Final Compensation). g. Section 21024 (Military Service Credit as Public Service), Statutes of 1976. 8. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on February 18, 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 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 and local safety members of said Retirement System 10 Public Agency shall also contribute to said Retirement System as follows a 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 b. 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 5 r,4P V I 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 19th day of November ' 1999 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF REDLANDS BY BY KE MARZI N, CHIEF PRES91N6 OFFICER- AC ARIA & EMPL YER SERVICE (VISION PUBLIC E LOYEES' RETIREMENT SYSTEM November 17, 1999 Witness Date Attest Cler AMENDMENT PERS CON-702A(Rev 8196)