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Home My WebLink AboutOrdinance 1693 N.C.S. 09/21/1987EFFEC71VE DATE F TY"16�7% CE OCT ORDINANCE NO. 1693 N.C.S. INTRODUCED BY COUNCILMAN Larry Tencer SECONDED BY Jack Cavanagh AN ORDINANCE OF THE PETALUMA CITY COUNCIL OF THE CITY OF PETALUMA AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE PETALUMA CITY COUNCIL OF THE CITY OF PETALUMA AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM The Petaluma City Council of the City of Petaluma does ordain as follows: Seddon 1. That an amendment to the Contract between the Petaluma City Council of the City of Petaluma and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A", and by such reference made a part hereof as though herein set out in full. Section 2. The Mayor of the Petaluma City Council is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. Section 3. This Ordinance shall take effect on January 1, 1988, and prior to that date shall be published in the manner required by the City Charter in the Petaluma Argus Courier, a newspaper of general circulation, published and circulated in the City of Petaluma and thenceforth and thereafter the same shall be in full force and effect. ORDERED POSTED this 3rd day of August, 1987 September ADOPTED THIS 21st day of jN#A K, 1987 by the following vote: AYES: Balshaw, Cavanagh, Tencer, Vice Mayor Woolsey, Mayor Hilligoss NOES: None A B S E N T: Sobel, Davis Approved: Ci Attorney RECORD. 00P Ord. 1693 NCS + Exhibits 'K AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC. EMPLOYEES' RETIREMENT SYSTEM C?` AND THE CITY"COU NCIL OF THE CITY OF PETALUMA The Board of Administration, Public Employees' Retirement System, hereinafter referred to as Board,• a'nd the.governing body of above public agency, herein- after referred to as -Public Agency, having entered into a contract effective January 1, 1950, and witnessed October 18, 1.949, and as amended effective August 1, 1959, November;1,1959, March 1, 1965, June 1, 1965, April 1, 1969, January 1, 1974, November 1:,.1980, November 1, 1981, July 1, 1982, and January 1, 1987, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 1'2 are hereby stricken from said contract as executed effective January 1, 1987, and hereby replaced by the followingparagraphs numbered 1 throu,gh',11 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 January 1, 1950 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 contract- ing 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). x t. AP,Lt.EASE DO NOT 51ON11.EXH RIT ONWI 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: ADDITIONAL EXCLUSIONS 5. The fraction of final compensation to be provided for each year of credited .prior and current service as a local miscellaneous member shall be determined. in accordance with Section 21251.13 of said Retirement Law (2% at age 60 Full). 6. The fraction 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 21252.-01 of said Retirement Law (2% at age 50 Full). 7. The following additional provisions of the Public. Employeest Retirement Law, which apply only upon election of a contracting agency, shall apply to the Public Agency and its employees: a. Sections 2138;0 - 21387 (1959 Survivor Benefits) excluding Section 21382.2 (Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959 Survivor Benefits). b. Section 21222.1 (Special 5% Increase - 1970). Legislation repealed said Section effective'January 1, 1980. C. Section 20024.2 (One -Year Final Compensation). d. Section 20862.8 (Unused Sick Leave Credit). e. Section 21223 (Spe,cal Increase) for or on behalf of those local miscellaneous members who retired or died prior to January 1, 1975. f. Sections 21263, 21263.1 and 21263.3 (Post -Retirement Survivor Allowance) for local fire members only. 8. Public Agency., in accordance with Government Code Section 20740, ceased to be an "employer' for purposes of Section 20759 effective on November 1, 1980.. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20759, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20759• PLEASE DO NOT SIGN' "EXHIBIT ONLY 9. Public Agency shall contribute to said Retirement System as follows: a. With respect to local miscellaneous members, the agency shall contribute the following percentages of salaries earned as members of said Retirement :System: (1) 0.002 percent until June 30, 2000 on account of the liability for prior service benefits. (Subject to annual change.) (2) 7.969 percent until June 30, 2000 on account of the liability for current service benefits. (Subject to annual change.) (3) 0.087 percent until June 30„ 2000 on account of the liability for the 1959 Survivor Program. b. With respect to local safety members-, the agency shall contribute the following percentages of salaries earned as members of said Retirement System: (1) 0.133 Percent until June 30, 1.989 on. account of the liability for prior service benefits.. (Subject to annual change.) (2) 14.543 percent until June 30, 20.00 on account of the liability for current service benefits. (Subject to annual change.) (3) 0.10.5 percent until June 30; 2000 on account of the liability for the 1959 Survivor Program. (Subject to annual change.) C. A reasonable amount., as fixed by the Board, payable in one in- stallment 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 in- stallment 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. 10. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employee`s' 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. 11. 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 b,y 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 19 BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM BY SANDRA C. LUND ASSISTANT EXEVE OFFICER BENEFIT SERVI 0 PER `ON_702 (AMENDMENT) (Re .' 9%86) CITY COUNCIL OF THE CITY OF PETALUMA BY Presiding OffiRerr i I tness Date,41 .Attest.: � Clerk +� day of