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Home My WebLink AboutOrdinance 1664 N.C.S. 09/02/1986.., ~~~~~~~~~l~ ®~~ Q CT 2 1986 Introduced by John Balshaw ORD. 1664 NCS Seconded by Lynn Woolsey AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PETALUMA AMENDING THE CONTRACT BETWEEN THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY OF PETALUMA BE IT ORDAINED AS FOLLOWS: Section 1. That an amendment to the Contract between the City Council of the City of Petaluma and the Board of Administration, California Public Employees' Retirement System is hereby authorized. Said amendment relates to post-retirment survivor allowance for local fire personnel only. A copy of said amended contract is attached thereto, marked "Exhibit A", and by such reference is made a part hereof as though it were set out in full. Section 2. The Mayor of the City of Petaluma is hereby authorized, empowered, and directed to execute said amendment for and on behalf of the City. Section 3. This ordinance shall take effect on January 1, 1987, and shall be published one time in the Argus Courier. Introduced and ordered published this 15 day of August, 1986.. Adopted this 2nd day of September, 1986, by the following vote: AYES: Davis, Sobel, Woolsey, Balshaw, Cavanagh, Vice Mayor Tencer, Mayor Mattei NOES : None ABSENT: None ATTEST r City Clerk Patricia E. Bernard Ord2/ORD.PERS ORD , 1664 Mayor Fred V. Mattei Approved i Attorney NCS 1 ~~~ ~~ ` ~`~~ .~~~"` ~~~~ ~~ti ~~~'~ ~ PUBLIC ~~~ AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE. CITY OF PETALUMA The Board of Administration, Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of above public agency, herein- after referred to as Public Agency, having entered`nto a contract effective January 1, 1950, and witnessed October 18, 19+9, and as amended effective August 1, 1959,_November 1, 1959, March 1, 1965, June 1, 1965, April 1, 1969, January 1, 197U, November 1, 1980, November 1, 1981 and July 1, 1982, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 11 are hereby st;rieken from. said contract as executed effective July ,1, 1982;,. and hereby replaced by the fo11 owing 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 60 for local miscellaneous members and age 55 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 contracting agency. 3. Employees of Public Agency in the following classes shall become :members of said Retirement System except sweh 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). ~~~~~~ ~'~ ~~~ SfCi~ "~~HtBRY bNIY'- 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 fraction of .final compensation to be prod ded 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 Fu11), 6. The fraction of final compensatioh to be provided for each year of credited prior and current service for those local fire members who did not elect within 90 days of November 1, 1981 and police members who did not elect within 90 days of July 1, 1982 to continue under the provisions of Section 21252.1 shall be determined in accordance with Section 21252.6 of said Retirement Law (2% at age 55 Full). ' 7. The. fractioh of final compensation to be provided for each year of credited prior and current service for local fire members who elect within 90 da s of November 1, 1'981 and local police members who elect wihin 90 days of July 1,. 1982 to continue under the provisions of Section 21252.1 shall be determined in accordance with Section 21252,1 of said Retirement Law (One-half .pay at age 55 Full). 8. The following additional provisions of the Public Employees' Retirement Law,.wh:ch apply only ;upon election of a contracting agency, shall: .apply to the Public Agency and its employees: a. Sections 21380 - 21387 (1959-Survivor Program) excluding Section 21382.2 (Increased 1959 Survivor Benefit ) and Section 21382,4 (Third Level of 1959 Survivor Benefits). b. Section 21222.1 (Specia`1.,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 (Special .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. ~?i~~,SE f~~ I<dt~$ SI("~~~ ~'`I~XH1B1T ON[Yr7 9. 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. 10. 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) 0.006 .percent until June 30, 2000 on account of the liability for prior service benefits. (Subject to annual change.) (2) 10.385 percent until June 30, 2000 on account of the liability for current service benefits. (Subject to annual change.) (3) 0.118 percent until June 30, 2000 on account of the liability for the 1959 Survivor Program. (Subject to annual change.) (4) 0.424 percent until June 30, 1995 on account of the liability for the benefits provided under Section 21223 of said .Retirement Law. (Subject to annual change.) b. With respect to local safety members, the agency shall contribute the following percentages of salaries earned as members of said Retirement System: (1') 0,318' percent until June 30, 1989 on account of the liability for prior service benefits. (Subject to annual change.) _ (2) 16.702 percent until June 30, 2000 on account of the liability for current service benefits. (Subject to annual change.) (3) 0.120 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 ar-s e, 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. 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 Retiremen"t System as determined~by the .periodic investigation and valuation required by said Retirement Law. 12. Contributions required of Public Agency and its employees shall be paid 6y 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 Eby Board regulation. If~mor.e 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 paymenbs between the employee and the Board. B. This amendment shall be effective on the 19 BOARD OF ADMINISTRATION PUBLIC EMPLOYEES'`R EMENT SYSTEM ~~~ ~~ BY ~ KENNETHt THOMASON, ACTINC~~CECUTIVE OFFICER ~~ c., Q~~~ w Approved as to form: Legal Office, Date CITY COUNCIL OF THE CITY OF PETALUMA day of ~~ .. ~. BY ~ Presiding Offic~t ~~ Witness D , Gay. .. ~.. Attest~~.,~ ~~. ~~ ~~ erk Date PERS-CON-702 (AMENDMENT) (Rev. 9/85)