HomeMy WebLinkAboutResolution - 3179 STATE OF CALIFORNIA ) RESOLUTION NO. 3179
COUNTY OF RIVERSIDE )ss
CITY OF SAN JACINTO )
RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO
CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA
PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL
OF THE CITY OF SAN JACINTO
WHEREAS, the Public Employees' Retirement Law permits the participation
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 amendment to
said Law; and
WHEREAS, one of the steps in the procedure to amend this contract is the
adoption by the governing body of the public agency of a resolution giving notice of
its intention to approve an amendment to said contract, which resolution shall
contain a summary of the change proposed in said contract; and
WHEREAS, the following is a statement of to proposed change:
To provide Section 21354.5(2.7% @ 55 Full and Modified
formula) for local miscellaneous members
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of San Jacinto does hereby give notice of intention to approve an amendment to
the contract between said public agency and the Board of Administration of the
Public Employees' Retirement System, a copy of said amendment being
attached hereto, as "Exhibit" and by this reference made a part hereof.
City of San Jacinto
Jim+Ays, ayor
ATTEST:
AC
D rothy L. C ouinard, City Clerk
Ca1PERS
EXHIBIT
California
Public Employees' Retirement System
AMENDMENT To CONTRACT
Between the
Board of Administration
California Public Employees ' Retirement System
and the
City Council
City of San Jacinto
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
December 31, 1970, and witnessed November 17, 1970, and as amended effective
September 28, 1973, October 7, 1976, January 13, 1983, January 21, 1988, May 2,
1999, October 21, 2001 , June 24, 2002 and June 23, 2003 which provides for
participation of Public Agency in said System, Board and Public Agency hereby agree
as follows:
A. Paragraphs 1 through 13 are hereby stricken from said contract as executed
effective June 23, 2003, and hereby replaced by the following paragraphs
numbered 1 through 14 inclusive:
1."5 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 December 31, 1970 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.
PLL �v . L✓,L f'.
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:
NO ADDITIONAL EXCLUSIONS
5. The percentage of final compensation to be provided for each year of
credited prior and current service for local miscellaneous members in
employment before and not on or after the effective date of this
amendment to contract shall be determined in accordance with Section
21354 of said Retirement Law, subject to the reduction provided therein
for service prior to December 31, 1982, 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 for local miscellaneous members in
employment on or after the effective date of this amendment to contract
shall be determined in accordance with Section 21354.5 of said
Retirement Law, subject to the reduction provided therein for service prior
to December 31, 1982, termination of Social Security, for members whose
service has been included in Federal Social Security (2.7% at age 55 Full
and Modified).
7. 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).
8. 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).
LEASLE Do
9. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 21024 (Military Service Credit as Public Service) for local
miscellaneous members and local police members only.
b. Section 20425 ("Local Police Officer' shall include employees of a
police department who were employed to perform identification or
communication duties on August 4, 1972 and who elected to be
local safety members).
C. Section 21574 (Fourth Level of 1959 Survivor Benefits).
d. Section 20042 (One-Year Final Compensation).
10. Public Agency, in accordance with Government Code Section 20790,
ceased to be an "employer" for purposes of Section 20834 effective on
October 7, 1976. 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.
11. 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.
12. Public Agency shall also contribute to said Retirement System as follows:
a. Contributions required per covered member on account of 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, 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.
G. 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.
13. 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.
14. 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 day of
BOARD OF ADMINISTRATION } CITY COUNCIL
PUBLIC EMPLOYEES RETIREMENT SYSTEM CITY OF SAN JACINTO
BY d' BY
LORI MCGARTLANDtCHIEF PRESIDING OFFICER
EMPLOYER SERVI:C S DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Witness Date
Attest:
Clerk
..r
AMENDMENT ER#0839
PERS-CON-702A(Rev. 10105)