HomeMy WebLinkAbout3870_CCv0001.pdf RESOLUTION NO. 3870
A RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN
THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES ' RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE CITY OF REDLANDS
WHEREAS , the Public Employees ' Retirement Law permits the partici-
pation of public agencies and their employees in the Public Employees '
Retirement System by the execution of a contract, and sets forth the
procedure by which said public agencies may elect to subject themselves
and their employees to amendments to said Law; and
WHEREAS, one of the steps in the procedure to amend this contract
is the adoption by the legislative body of the public agency of a reso-
lution giving notice of its intention to approve an amendment to said
contract, which resolution shall contain a summary of the change pro-
posed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 20614 , Statutes of 1980 (to
prospectively revoke Section 20614 , Statutes of
1978) for local miscellaneous members .
NOW, THEREFORE, BE IT RESOLVED, that the governing body of the
above agency gives , and it does hereby give notice of intention to
approve an amendment to the contract between the said governing body
and the Board of Administration of the Public Employees ' Retirement
System, a copy of said amendment being attached hereto, as an "Exhibit"
and by this reference made a part hereof.
ADOPTED, SIGNED AND APPROVED this lst day of February, 1983 .
ATTEST: Mayos of the City of Redlands
a
y Clerk
f
I , Lorrie Poyzer, City Clerk of the City of Redlands, hereby certify
that the foregoing is a true and correct copy of a resolution adopted
by the City Council of the City of Redlands on February 1, 1983 , as
appears of record in my office .
Ci y Clerk '
EXHIBIT
AMENDMENT TO CONTRACT BETWEEN THE
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETSREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF REDLANDS
s.�
The Board of Administra'`tPublic Employees` Retirement System, herein-
after referred to as Board, an I ,governing body of above public agency,
hereinafter referred'. to as Public 1g having entered into a contract under
date of June 1 , 1945, effective July� 4t , and as amended effective
January 1 , 1953, August 1 , 1956, March 1 , 1 January 1 , 1960, August 1 ,
1961 , January 1 , 1969, August 16, 1969, May 1 ,B/�iG , April 25, 1974,
September 22, 1975, July 12, 1976 and February 18,�NT14
' which provides for
participation of Public Agency in said System, BoaPublic Agency hereby
agree as follows:
A. Paragraphs 1 through 10 are hereby stricken from said contract as executed
effective February 18, 1980, and hereby replaced by the following para-
graphs numbered 1 through 10 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 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 such as by express
provisions thereof apply only on the election of contracting agencies.
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 Firemen (herein referred to as local safety members) ;
b. Local Policemen (herein referred to as local safety members) ;
C. Employees other than local safety members (herein referred to as
local miscellaneous members) .
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In addition t71 �+ classes of employees excluded from membership by
said Retirement 9 e following classes of employees shall not
become members of sai ]� irement System:
VV6VI
PERSONS COMPENSATED ON URLY BASIS HIRED ON OR AFTER
JANUARY 1 , 1969. YY
4. The fraction of final compensation pyided,
for local miscel-
laneous members for each year of credited and current service
shall be that provided in Section 21251 .13 subject to the reduction
provided therein for service on and after January 1 , 1956 of members
whose service has been included in Federal Social Security.
5• The fraction of final compensati6n to be provided for each year of
credited prior and current service as a local safety member shall be
determined in accordance with Section 21252.01 of said Retirement Law
(2% at age 50 Full) .
6. 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 21222.1 (Special 5`$ increase - 1970) .
b. Section 21222.2 (Special 5% increase - 1971 ) .
C. Sections 21263/21263.1 (Post-retirement survivor allowance) .
d. Section 20614 (Statutes of 1978, reduction of normal member
contribution rate). From and after February 18, 1980, the normal
member contribution rate shall be 0% for local miscellaneous
members, 7% for local fire members and 6.1% for local police
members.
e. Section 20614, Statutes of 1980 (to prospectively revoke Section
20614, Statutes of 1978) (miscellaneous members only)
7• 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 February 18, 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.
S. Public Agency shall contribute to said Retirement System as follows:
a. With respect to miscellaneous members, the agency shall contri-
bute the following percentages of monthly salaries earned as
miscellaneous members of said Retirement System: - -
(1 ) 0.649 percent until June 30, 1984 on account of the .
liability for prior service benefits.
(2) 13N
ASee cent until June 30, 2000 on account of the
liab lit�,D¤t service benefits.
(3) 0.270 percent lu�n14' ne 30, 1983 on account of the liabil-
ity for the benefitsgFj ded under Section 21222.1 of said
Retirement Law. /f�
b. With respect to local safety members, lk&, agency shall contribute
the following percentages of monthly salaries earned as local
safety members of said Retirement System:
(1 ) 0.013 percent until June 30, 2000 on account of the
. liability for prior service benefits.
(2) 30.498 percent until June 30, 2000 on account of the
liability for current service benefits.
C3) 0.430 percent until June 30, 1983 on account of the liabil-
ity for the benefits provided under Section 21222.1 of said
Retirement Law.
C. 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.
d. 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.
9. 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.
10. 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
correct amount of contributions is paid for any period, proper
adjustment shall be made in connection with subsequent remittances, or
adjustments 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.
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B. This amendment shall be attached to said contract and shall be effective on
the day of , 19
Witness our hands the day of 19—.
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF REDLAkS
BY �. frt BY
CARL J. BLECHINGER, EXECUTIVE OFF-LMA( fel f tPresiding Officer
Approved as to form: Attest:
Cy is G. B seiner Legal Office, Date 'Clerk
PERS CON--702