HomeMy Public PortalAboutCity Council_Ordinance No. 00-851_Amendment to City's contract with California Public Employees' Retirement System to provide level 4 of 1959 survivor benefits for employees_10/3/2000_Regular1
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ORDINANCE NO. 00 -851
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 TO PROVIDE
FOURTH LEVEL OF 1959 SURVIVOR BENEFITS FOR LOCAL
MISCELLANEOUS MEMBERS.
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 3rd day of October, 2000.
ATTEST:
GAP /RPTS/24266.1
Ordinance No. 00 -851
Page 2
I, City Clerk of the City of Temple City, do hereby certify that the foregoing ordinance, Ordinance
No. 00 -851, was introduced as an Ordinance at an adjourned regular meeting of the City Council of the
City of Temple City held on the 5th day of September, 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 3rd day of October, 2000, by the following vote:
AYES: Councilman - Breazeal, Gillanders, Wilson, Souder
NOES: Councilman -None
ABSENT: Councilman -Brook
Lu,z.k
City Clerk 0
GAP /RPTS/24266.1
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EXHIBIT TO
ORDINANCE NO.00 -851
California
Public Employees' Retirement System
-Ow*
AMENDMENT TD CONTRACT
Between the
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of Temple City
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, November 1, 1990, and July 1, 2000 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 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.
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.
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 21574 (Fourth 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 Government 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.
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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 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.
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 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 TEMPLE CITY
BY BY
KENNETH W. MARZION, CHIEF PRESIDING OFFICER
ACTUARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AMENDMENT
PERS - CON -702A (Rev. 8196)
try • . _..
Witness Date
Attest:
Clerk