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HomeMy WebLinkAboutOrdinances_1582_CCv0001.pdf ORDINANCE NO. 1582 AN ORDINANCE OF THE CITY COUNCIL of the (Name of Governing Body) CITY OF REDLUMS authorizing an (Name of Public Agency) AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL (Governing Body) AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM, The CITY COUNCIL of the __ - _ CITY OF -REDLANDS -_-_ Name of Governing Body) (Name of Public Agency) does ordain as follows: SECTION 1 . That an amendment to the Contract between the CI'T'Y COUNCIL (Name of of the CITY OF REDLANDS and the Board of Governing Body) (Name of Public Agency) Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A", and by such refer- ence made a part hereof as though herein set out in full . SECTION 2. The MAYOR of the (Title of Presiding Officer) CITY OF REDLANDS is hereby authorized, empowered, and directed to (Name of Governing Body) execute said amendment for and on behalf of said Agency. SECTION 1. This Ordinance shall take effect 30 days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof shall be published at least once in the Red'ands Daily Facts , (Name of Newspaper) a newspaper of general circulation, published and circulated in the (Name of Cit of Redlands and thenceforth and thereafter the same Public Agency) shall be in full force and effect. Adopted and approved this 1str day_of Junes f , Attest: gjs(arng OffIcer) tOR f' Clerk. PERS-ACT-11 (Amendment) (9/71) EXHIBIT A AMENDh1ENa T TO CONTRACT BET= THE BOARD OF AD.=ISTRATION, P[1IC E LOYEES' REE-T='ENT SYSMd ' AND M CITY COUNCIL ' OF THE CITY OF REDI,AN-DS The Board. of Administration, Public Employees' Retirement System, hereinafter referred to as Board and the CITY COU31CIL of the CITY OF REDI TIDS, hereinafter referred to as Public Agency, having entered into a contract under date of June 1, 1945, effective July 1, 1945, as amended effective January 1, 1953, August 1, 1956, March 1, 1957, January 1, 1960, AuTist 1, 1961, January 1, 1969, August 16, 1959, May 16, 1973, April 259 1974, and September 22, 1975, and as provided by Chapters 170 and 316, Statutes of 1971, which provide for participation of public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraph 1 shall be stricken from said contract and the following Paragraph 1 shall be substituted therefor: '1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the . earing as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 60 for miscellaneous members and age 50 for local safety members. 1i. Sub-paragraphs 5 (a) and 5 (b) shall be stricken from said contract and the following sub-paragraph 5 (a) shall be substituted therefor: 5. (a) The fraction of final compensation to be provided for each year of credited prior and current service for local safety members shall be that provided in Section 21252.01 of the Government Code. C. Paragraph 6 (b) shall be stricken from said contract and the following Paragraph 6 (b) shall be substituted therefor: Rat. Form 702-1 6: (b) With respect to local safety members, the public agency shall contribute the following percentages of monthly salaries earned as local safety members of said System: (1) 0.048 percent until July 1, 1976 on account of liability for prior service benefits. (2) 27.329 percent on account of the liability for current service benefits. (3) 0.430 percent until May 31, 1983 to provide the benefits under Section 21222.1 of the Government Code. D. This amendment shall be attached to said contract and shall become effective on the day of Witness our hands this day of BOARD OF ADMINISTRATION CITY COUNCIL PUEDIC EMLOYEESRETIRE EENT SYSTEM OF THE CITY OF REDLU DS a BY BY Carl J. Blechi.nger, Executive Officer Presiding Officer :.._4 ' Attest: 51s. .; - •s,y Cld k Approved as to form: Ret. Form 702-2 CERTIFICATION OF FINAL, ACTION OF GOVERNING BODY DATE: June 2, 1976 Board of Administration Public Employees' Retirement System P.O. Box 1953 Sacramento, California 95809 I hereby certify: That the CTTY COUNCIL of the CITY OF REDLANDS adopted on June 1, 1976 by an affirmative vote of a majority of the members of said governing body, Ordinance No. 1582 approving the attached Contract Amendment between the governing body of said Agency and the Board of Administration of the Public Employees' Retirement System, a certified copy of said ordinance in the form furnished by said Board of Administration being attached hereto. City C l e rk omcf� �s CITY OF REDLANDS Name of Agency PERS-ACT-5 (117 +)