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Home My Public Portal AboutOrdinance 00-8471 1 1 ORDINANCE NO. 00 -847 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TEMPLE CITY AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF TEMPLE CITY AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA 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 of the Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked Exhibit, and by such reference made a part hereof as though herein set out in full. SECTION 2. The Mayor of the City of Temple City is hereby authorized, empowered, and directed to execute this amendment for and on behalf of said agency. SECTION 3. The City Clerk shall certify to the passage and adoption of' this Ordinance, and to its approval by the Mayor, and shall cause the same to be published in the San Gabriel Valley Weekly, a newspaper of general circulation, printed, published and circulated in the City of Temple City. PASSED, APPROVED AND ADOPTED this 18th day of July, 2000. ATTEST: jrn R. 9'e0.- v,d-IL-�-c�v City Clerk I, City Clerk of the City of Temple City, do hereby certify that the foregoing ordinance, Ordinance No. 00 -847, was introduced as an Ordinance at an adjourned regular meeting of the City Council of the City of Temple City held on the 26th day of June, 2000, and was duly passed, approved and adopted by said Council, approved and signed by the Mayor and attested to by the City Clerk at a regular meeting held on the 18th day of July, 2000, by the following vote: AYES: Councilman- Breazeal, Brook, Wilson and Souder NOES: Councilman -None ABSENT: Councilman - Gillanders Ca1PERS California Public Employees' Retirement System EXHIBIT AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the City Council City of Temple City ,,0• 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 October 1, 1965, and witnessed September 20, 1965, and as amended effective July 1, 1974, October 1, 1981, January 1, 1984, April 11, 1990 and November 1, 1990 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 stricken from said contract as executed effective November 1, 1990, and hereby replaced by the following paragraphs numbered 1 through 11 inclusive: 1. All words and terms used herein which are defined in the Public ee Em to s' p Y Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local 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 those, which by express provisions thereof, apply only on the election of a contracting agency. 1 1 ;.1 caec r,r-1 NOT SIGN "EXHIBIT ONLY" • 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 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: a. APPOINTIVE COMMISSIONS, BOARD AND COMMITTEES; b. PERSONS COMPENSATED ON AN HOURLY BASIS; c. CITY ATTORNEY; AND d. ALL SAFETY EMPLOYEES. 5. The percentage of final compensation to be provided for local miscellaneous members for each year of credited prior and current service shall be determined in accordance with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to June 30, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2% at age 55 Full and Modified). 6. Public Agency elected and elects to be subject to the following optional provisions: a. Section 21573 (Third Level of 1959 Survivor Benefits). b. Section 20042 (One -Year Final Compensation). c. Section 20965 (Credit for Unused Sick Leave). d. Section 21024 (Military Service Credit as Public Service), Statutes of 1976. e. Sections 21624 and 21626 (Post- Retirement Survivor Allowance). 7. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on October 1, 1981. Accumulated contributions of Public Agency shall be fixed and determined as provided in Govemment Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Govemment Code Section 20834. 8. 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 of said Retirement System. 9. 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 21573 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. 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. c. 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. 10. 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. 11. 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 Tess 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 effe NT SYSTEM BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETI BY P'�'' KENNETH W. MARZIO HIEF on the day of CITY COUNCIL A� CITY OF TEMPLE CITY; BY ;ACT PRESIDING OFF R ACTUARIAL & EMP R SERVICES DIVISION PUBLIC EMPLOYV''RETIREMENT SYSTEM 4� Amendment PERS- CON -702A (Rev. 8/96) Witness Date Attest: Clerk 1 1