HomeMy Public PortalAboutOrdinance 02-8681
ORDINANCE NO. 02 -868
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 City Manager 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 on this 16th day of July, 2002.
AYOR
ATTEST:
f aJi i K3
City Clerk 6
1, City Clerk of the City of Temple City, do hereby certify that the foregoing Ordinance,
Ordinance No. 02 -868 was introduced as at a regular meeting of the City Council of the City of
Temple City held on the 18th day of June, 2002, 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 held on the 16th day of July, 2002 by the following vote:
AYES: Councilman - Souder, Wilson, Zovak, Vizcarra, Gillanders
NOES: Councilman -None
ABSENT: Councilman -None
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City Clerk
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h e r e i n a f t e r r e f e r r e d t o a s P u b l i c A g e n c y , h a v i n g e n t e r e d i n t o a c o n t r a c t e f f e c t i v e
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2 0 0 0 a n d N o v e m b e r 3 , 2 0 0 0 w h i c h p r o v i d e s f o r p a r t i c i p a t i o n o f P u b l i c A g e n c y i n s a i d
S y s t e m , B o a r d a n d P u b l i c A g e n c y h e r e b y a g r e e a s f o l l o w s :
A . P a r a g r a p h s 1 t h r o u g h 1 1 a r e h e r e b y s t r i c k e n f r o m s a i d c o n t r a c t a s e x e c u t e d
e f f e c t i v e N o v e m b e r 3 , 2 0 0 0 , a n d h e r e b y r e p l a c e d b y t h e f o l l o w i n g p a r a g r a p h s
n u m b e r e d 1 t h r o u g h 1 1 i n c l u s i v e :
1 . A l l w o r d s a n d t e r m s u s e d h e r e i n w h i c h a r e d e f i n e d i n t h e P u b l i c
E m p l o y e e s ' R e t i r e m e n t L a w s h a l l h a v e t h e m e a n i n g a s d e f i n e d t h e r e i n
u n l e s s o t h e r w i s e s p e c i f i c a l l y p r o v i d e d . " N o r m a l r e t i r e m e n t a g e " s h a l l
m e a n a g e 5 5 f o r l o c a l m i s c e l l a n e o u s m e m b e r s .
2 . P u b l i c A g e n c y s h a l l p a r t i c i p a t e i n t h e P u b l i c E m p l o y e e s ' R e t i r e m e n t
S y s t e m f r o m a n d a f t e r O c t o b e r 1 , 1 9 6 5 m a k i n g i t s e m p l o y e e s a s
h e r e i n a f t e r p r o v i d e d , m e m b e r s o f s a i d S y s t e m s u b j e c t t o a l l p r o v i s i o n s o f
t h e P u b l i c E m p l o y e e s ' R e t i r e m e n t L a w e x c e p t s u c h a s a p p l y o n l y o n
e l e c t i o n o f a c o n t r a c t i n g a g e n c y a n d a r e n o t p r o v i d e d f o r h e r e i n a n d t o a l l
a m e n d m e n t s t o s a i d L a w h e r e a f t e r e n a c t e d e x c e p t t h o s e , w h i c h b y
e x p r e s s p r o v i s i o n s t h e r e o f , a p p l y o n l y o n t h e e l e c t i o n o f a c o n t r a c t i n g
a g e n c y .
PLEASE DO 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. SAFETY EMPLOYEES.
5. The percentage of final compensation to be provided for each year of
credited prior and current service for local miscellaneous members shall
be determined in accordance with Section 21354.4 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 (2.5% at age 55 Full and Modified).
[Note that a future legislative proposal is being considered which
could amend Government Code. Section 21354.4 to make the 2.5% at
55 benefit formula applicable to both active members and inactive
members who have not yet retired. If enacted, this amendment could
have an effect on your agency's actuarial valuation and employer
contribution rates in future years.]
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).
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PLEASE DO NOT SIGN "EXHIBIT ONLY"
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 Government 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 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 bylaw.
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.
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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 effective on the
BOARD OF ADMINISTRATION°'
PUBLIC EMPLOYEES' RETIR9/IENT SYSTEM
q
BY ti
KENNETH W. MARZIOf:HIEF
ACTUARIAL & EMPLOER SERVICES DIVISION
E
PUBLIC EMPLOYEE ETIREMENT SYSTEM
CID
AMENDMENT
PERS- CON -702A (Rev. 8 \96)
day of
CITY COUNCIL
CITY OF TEMPLE CITY
r-:
BY
PRESIDING OFFR
Witness
Attester
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