The URL can be used to link to this page

Home My WebLink AboutOrdinances_2594_CCv0001.pdf ORDINAN(A." NO. 2594 AN ORDINANCE OF 'THE CITY OF REDLANDS AMENDING THE CONTRACT BETWEEN THE CITY COUNCIL CSE[ THE CITY OF REI LANDS AND THE BOARD OF ADMINis,rRATION OF THE CALIFORNIA PL-11BLIC EMPLOYEES' RETIREMENT S Y S'I'E.'vl The City COLIVICil of the City of'Redlands does ordain as t'ollows: SECTION 1. That an amendment to the contract between the City Council of the City of Redlands and the Board of Adi-ninistration, 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 fl-101-1h herein Set Out In full. SECTION' 2. 'The Mayor of the City Council is hereby authorized, empowered and directed to execute said"amendment [or and oil behall'ofsold Agcilcy SECTION The Mayor shall sig this ordinance and the City Clerk Shall certify to the adoption of this ordinance and shall cause it, or a surnmary, 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 laws. versa- � Peppler, Mayor ATTEST: Lor-rie Poyzer, C& j4rk u,y 1-1 1, Lon-W Poy/er. 0ty Clurk ol' the City ot' Ri2djands. hereby ct�rtlfy that the foregoing ordinance was duly adopted by the City Council at a regular meeting thereot'held on the Ist day of`March,, 2005, by the following vote: AYES: Councilaiembers Gil, Gilbreath, George, Harrison.; vlayor Peppier NOES: Noric ABSENT: None A B S E,3 I\N: None Lo 4`e Po. zer, C t 4 CaIPERS ; HIB ` California Public Employees Retirement System AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the City Council Clay. of Redlands 14* NOWNWOM The Beard 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, Agust 1£, 1969, May 16, 1973, April-25, 1974, September 22, 1975, July 12, 1976, February 18, 1968, April 11, 1983, October 24, 1983, June 29, 1987, November 19 1999, January 10, 2000, ,April 5, 2001and January 3, 2005 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree ars follows: A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective January 3; 2005, 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 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 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 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 55 Full and Modified). 6The percentage of final compensation to be provided for each year of credited prior and current service as a local saftey 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 21222.1 (One-Time 5% Increase - 1970). Legislation repealed said Section effective January 1, 1980. b, Section 21222.2 (One-Time % Increase - 1971 . Legislation repealed said Section effective January 1, 1980. C,- Sections 21624 and 21626 (Post-Retirement Survivor Allowance). d'. Section 21614, Statutes of 1978, (Reduction of Normal Member` Contribution late). From February 18, 1980 and until April 11 1983, the normal local miscellaneous member contribution rate shall be 0%. Legislation repealed said Section effective September 29, 1980. From February 18, 1980 and Until October 24, 1983 the normal member contribution rate shall be 7% for local fire members and 6% 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 200342 (trine-Year Final Compensation). ge Section 21024 (Military Service Credit as Public Service). h. Section 203965 (Credit for Unused Sick Leave) for local miscellaneous members and local fire members only. 8; Public Agency, in accordance with Government Code Section 20790, ceased to be an "employee' for purposes of Section 20834 effective on February 18, 1989. Accumulated contributions of Public Agency shill be fixed and determined as provided in Government Code Section 21834 and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 201834. 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: ollows:a: A reasonable amount, as fixed' by the Board; payable in one installment within 80 days of date of contract to cover the casts 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 lavw, 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 cots 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 rewired by said Retirement Law. 1 : Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen clays 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 day of BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' R&flkEMENT SYSTEM CITE' OF REDLANDS BY BY .x KENNETH W. M¢*IIION, CHIEF PRESIDING OFFICER; ACTUARIAL 8,EMPLOYER SERVICES DIVISION PUBLIC E1'� f� LPYEES' RETIREMENT SYSTEM Witness Date 17, Attest,- Clerk ttest:Cleric AMENDMENT ER##007 PERS-CON-702A(Rev.M02) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Division Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (888) CalPERS (225-7377) CERTIFICATION OF GOVERNING BODY'S ACTION I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the CITY COUNCIL of the (governing body) CITY OF REDLANDS (public agency) on February 1, 2005 (date) C I e�r IV=—N—ret a r-y Lorrie Poyzer City Clerk, City of Redlands Title PET S- (rev, 1/96) CALIFORNIA PUBLIC EMPLOYEES" RETIREMENT SYSTEM Actuarial and Employer Services division Public Agency Contract Services P.O. Pox 942709 Sacramento, CA 94229-2709 (888) CalPERS (225-7377) CERTIFICATION OF COMPLIANCE WITH GOVERNMENT CODE SECTION 7507 1 hereby certify that in accordance with Section 75017 of the Government Code the future annual costs as determined by the System ,Actuary and/or the increase in retirement benefit(s) have been made public at a public meeting of the CITY COUNCIL of the (governing body) CITY OF REDLANDS (public agency) on February 1, 2005, which is at least two weeks prior to the adoption of the (date) Resolution /Ordinance. Clerkl ecrtar � . Lorrie Pyzer City Clerk, City of Redlands Title Cate February , 2005 PERS-CON-12A(retic, 1/96)