HomeMy Public PortalAboutResolution 00-3954 California Employee's Retirement System (CalPers) Survivor Benefits1
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RESOLUTION NO. 00 -3954
A RESOLUTION OF INTENTION OF THE CITY COUNCIL OF THE
CITY OF TEMPLE CITY TO APPROVE AN AMENDMENT TO THE
CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND
THE CITY COUNCIL OF THE CITY OF TEMPLE CITY TO PROVIDE
FOURTH LEVEL OF 1959 SURVIVOR BENEFITS TO LOCAL
MISCELLANEOUS MEMBERS.
WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies
and their employees in the Public Employees' Retirement System by the execution of a contract, and sets
forth the procedure by which said public agencies may elect to subject themselves and their employees to
amendments to said law; and
WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the
governing body of the public agency of a resolution giving notice of its intention to approve an amendment
to said contract, which resolution shall contain a summary of the change proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 21574 (Fourth Level of 1959 Survivor Benefits) for local miscellaneous members ; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Temple City does
hereby give notice of intention to approve an amendment to the contract between said public agency and
the Board of Administration of the Public Employees' Retirement System, a copy of said amendment being
attached hereto, as an "Exhibit" and by this reference made a part hereof.
PASSED, APPROVED, AND ADOPTED on this 5th day of September, 2000.
A'rrEST:
City Cler
Attachment: (Exhibit) Amendment to Contract between the Board of Administration California Public
Employees' Retirement System and the City Council of the City of Temple City
Resolution No. 00 -3954
Page 2
I, City Clerk of the City of Temple City, hereby certify that the foregoing resolution, Resolution
No. 00 -3954, was adopted by the City Council of the City of Temple City at a regular meeting held on the
5th day of September 2000, by the following vote:
AYES: Councilman- Breazeal, Brook, Gillanders, Wilson, and Souder
NOES: Councilman -None
ABSENT: Councilman -None
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Ca1PERS
California
Public Employees' Retirement System
EXHIBIT
a
AMENDMENT TO 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 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.
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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
BOARD OF ADMINISTRATIO �r
PUBLIC EMPLOYEES' RETLMENT SYSTEM
BY
KENNETH W. MARZI CHIEF
ACTUARIAL & EMPL,S.ER SERVICES DIVISION
PUBLIC EMPLOY' RETIREMENT SYSTEM
day of
.(C)y
CITY COUNCIL
CITY OF TEMPLEY
BY 1\c\
PRESIDING Q FICER
AMENDMENT
PERS - CON -702A (Rev. 8196)
Witness Date
Attest:
Clerk