HomeMy Public PortalAboutOrdinance 74-385ORDINANCE NO, 74 -385
AN ORDINANCE OF THE CITY OF TEMPLE CITY
AUTHORIZING AN AMENDMENT TO THE CONTRACT
BETWEEN THE CITY OF TEMPLE CITY AND THE
BOARD OF ADMINISTRATION OF THE CALIFOR-
NIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
THE CITY COUNCIL OF THE CITY OF TEMPLE CITY DOES ORDAIN AS
FOLLOWS:
SECTION 1. That an amendment to the Contract between the City
Council of the City. of Temple City 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 City Council is hereby authorized,
empowered, and directed to execute said amendment for and on behalf
of said Agency.
SECTION 3. The City Clerk shall certify to the adoption of
this Ordinance and to its approval by the Mayor and shall cause the
same to be published in the Temple City Times, a newspaper of gen-
eral circulation, printed, published and circulated in the City of
Temple City.
APPROVED and ADOPTED this 4th day of June , 1974.
ATTEST:
Ch of Deputy City Clerk
I HEREBY CERTIFY that the foregoing Ordinance, being Ordinance
No. 74 -385, was introduced at a regular meeting of the City Council
of the City of Temple City held on the 21st day of May and
was duly passed, approved and adopted by said Council, approved and
signed by the Mayor and attested by the City Clerk at a regular
meeting of the said City Council held on the 4th day of June , 1974
by the following vote:
AYES: Councilmen- Gilbertson, Greenberg,Merritt,Tyrell,Dennis
NOES: Councilmen -None
ABSENT: Councilmen -None
Chief Deputy City Clerk
EXHIBIT A
AMENDMENT TO CONTRACT BETWEEN THE
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF TEMPLE CITY
The Board of Administration, Public Employees' Retirement System,
hereinafter referred to as Board and the CITY COUNCIL of the CITY OF
TEMPLE CITY, hereinafter referred to as Public Agency having entered
into a contract under date of September 20, 1965, effective October 1,
1965, and as provided by Chapter 170, Statutes of 1971, which provides
for participation of Public Agency in said System, Board and Public
Agency hereby agree as follows:
A. Paragraphs 1 through 12 are hereby stricken from said contract
as executed effective October 1, 1965, and are hereby replaced
by the following paragraphs numbered 1 through 8 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 pro-
vided. "Normal retirement age" shall mean age 60 for
miscellaneous members.
2. Public Agency shall participate in the Public Employees'
Retirement System from and after October 1, 1965, 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 provision 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. Employees other than local safety members (herein
referred to as miscellaneous members).
The following employees shall be excluded from member-
ship in said Retirement System:
FIREMEN AND POLICEMEN.
ELECTIVE OFFICIALS.
APPOINTIVE BOARDS, COMMISSIONS AND COMMITTEES.
PERSONS COMPENSATED ON AN HOURLY BASIS.
CITY TREASURER AND CITY ATTORNEY.
4 The fraction of final compensation to be provided for each
year of credited prior and current service as a miscella-
neous member upon retirement at normal retirement age
shall be that provided in Section 21251.13 of said Re-
tirement Law and reduced for members covered under Federal
Social Security for all service prior to the termination
of Social Security coverage for all service subject to
the modification as set forth in said section.
5. The following additional provisions of the Public Employees'
Retirement Law which apply only upon election of a contract-
ing agency shall apply to the Public Agency and its employees:
a. Section 21380 -7 (providing for allowances for survi-
vors of members covered under the program upon death
before retirement).
6. Public Agency shall contribute to said Retirement System
as follows:
a. With respect to miscellaneous members, the agency shall
contribute the following percentages of monthly salaries
earned as miscellaneous members of said System:
(1) 0.19 percent until June
the liability for prior
(2) 7.67 percent on account
rent service benefits.
30, 2000 on account of
service benefits.
of the liability for cur-
(3) 1.00 percent on account of the liability for the
1959 Survivor program.
b. A reasonable amount per annum, as fixed by Board to
cover the costs of administering said System as it
affects the employees of Public Agency, not including
the costs of special valuations or the periodical in-
vestigations and valuation required by law.
c. A reasonable amount as fixed by the Board, payable in
one installment as the occasions arise, to cover costs
of special valuations on account of employees of Pub-
lic Agency, and costs of the periodical investigation
and valuation required by law.
7. Contributions required of Public Agency and its employees
shall be subject to adjustment by Board on account of amend-
ments to the Public Employees' Retirement Law, and on account
-2-
of the experience under the Retirement System as determined
by the periodical investigation and valuation required by
said Retirement Law.
8. 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
regulations. 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 re-
quired of any employee may be made by direct cash payments
between the employee and 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.
B. This amendment shall be effective on the day of
Witness our hands this day of
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF TEMPLE CITY
BY BY WILLIAM I. DENNIS
William E. Payne, Executive Officer MAYOR
Attest:
NORMA W. CASE
City Clerk