HomeMy Public PortalAbout76-071 (08-17-76),•,; Resolution No. 76-71
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RgB~tJ'!'IOIt Or IlT'~iTIQi i0 APP~t09~ An
Al~~'P '~4 OA'!Mt'i~' ~R'lNS~ '!~
BOABD A? A]11[IMIaS'~3IOr 0! '!~
AtHLIt! 1~Q'!A~ ~ $~'!.'I~i' dl"e'BU
~YD i'B6
CI?Y Ot~i1f6II+
t1? T~
t3I'1? 0! bS~00D
~,8, t~ Yublio ~aploy~r' Be~ir~at ?+~-w perad.tr t~ par~laipstion
o! ~l~lio rge~ale~ a~d ttuir a~lo~~ in th~ 8ublio ~lo}m~'
~4~t Sy~t~a by t~u ~zraution oi a c~nf~raat w~d stt~ lorth
tt~ pro8~dur~ Dy whioh s~1d publla ~g~lncsi~~ sy trl~of W Nb~~et
tbe~lw~ end tluir ~splors• to aa~daimts 1x- niA Lwi snd
~AR, aut o= 13se sttps in tbe prooe~ure io awad thi~ ooatr~at is f~s
adopi~on b~ tlu ltgiilstlw bod~ o! t1w puDlio a~r~rac~ o! s reao-
lution ~,tvi»g rw4i.o~ o! ita intsaLion to a~prov~ ~ a~tndm~nt to
sald oor~'I~ao~~ whioh rewluLioa shull o~tai~a s ia~rsry ot t~
o~age proPcad ia r~id oontrwet~ aag
~AS, t2~ tollawing is a rtat~amt of tiu propoud ah~ng~~
Ys~i~ final ~a~ptlon csa i~r bNti~ o! Cau ~-r
(inai~ad o! i~e rars) tor ai~ll.aetwtu aa~Nr~.
HAt~ ~~ S I! ~~ID, tt~st t~e p2li CO~QIL ot tl~ CIT! 0? L~A~OD
giY~~~ sa~! 1t elc»s h~ss~by giv~ nolSae ot iata-tioa to ~gproTS an
~t ta th~ ooatssot bet~ ~a CZ'!'~ Ct~lIL asd, th~ Baard
of Ad~dni~tration oI the Pnblio ~plor~~~ 8~tiraamt $yi'F~~ s
~py ot ~i,d awsnda~nt b~ing ~tL~ah~d btr~~o~ assk~d "B~chiMt l"
aad b~- thlr rat~ra-o~ e~d~ a ysrt 2~s~oi.
ai~r ouo~rcu
aar ~
August 17, 1976
t~sa pt~re a~pro..a )
oi~r ou- L~rooD
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Mayor, City of Lynwood
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R~t. rom 222
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EXFIIBI2 A
i1~D1~iT TO CONTRACT BET9PEEN '~
B4ABD OF AD~QNISTRATIaN
P(JB~IC EMPLOYEES ~ RETIRE~NT SYSTEi[
AND Tf~ .
CITY CGQNCIZ
OF T~
CITY OF I,~Y/OOD
The Board oI Administrati.on, Public Employees~ Eetirement System~ hereinafter
referred ta as Board and the CIT7C COUBCZL of the CITY OF LY~IPOOD, hereinaYter re-
fer~~ t~sv,,,ae Pu~3e~A8ene~ hte*'~n8 eatered into a contract under date oY Dfety 7~ T946,
efiective July l, 1946, se emended efYec#ive November l~ 1966~ Jauuary l, 1975~
Jnly 13~ 1975~ sud September 7, 1975, which provide for perticipation of Publia
•geacyt hereb~* a~ee ae iollows:
l. Subparagraph 5(e~ eball he etricken Yro~ said contract~ and the following
~bparagraph 5(e sba].l be substituted there2or:
5(e) 3ection 20024.2 (defining "final compen~tionTM oa the basia oP
a~erage compensation earnable during the year immediately pre-
ceding retirement or any other one year period elected by the
aember). .
B• Paragragh 5•5 a~tall be added to said cantract:
5.5 P+~b7.ic ABency~ in aceordanee with Section 20740~ (iovernment Code,
sball cease to be an "employer" ior purposes o! Chepter 6 oY the
Publie Tmployeea' 8etirement I~aw effective aa o~ the efteatice
datas ot this amendment to thie contract. Accu~lated contribu-
tione oY the Public Agency as oi the date oY auch ameadment shs7.1
be tized and determiaed ae previded ia Secti~ 20T59, Gov'ernmeat
Code, and such accu~ulated contributione and contributions here-
atter made shal.l be held by the Board aa provided in Sectioa
20759, Government Gode.
C. Para~aph 6(s} shall be etx•icken from said contract sad the Iollowing
paragraph 6 (a) snbatitu-ted therefon
6(a) ~ith reapect to local miscellsaeaus memherst the publlc agency
ebs.Zl contribute the Yollo~ring percentages oY monthly salaMea
earned as local miacellsneous members of said System:
8et. Forn 702-1
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(1) 0.489 percent uatil dune 30~ 1980 ~ account oY the liability
tor prior servlae beneYita.
(2) 8.784 percent on account oP the liabili Yor `
~~,~, tY aurrent aervice
(3) 0.173 percent on account oY the lisbili,ty for the 1959
euivivors program~
(4) 0.190 percent until December 31~ 1984 on account oP the
beaefit~s providEd under 3ectioa.21222.1 oP the Government
C2~'de.
D. 2hia amend~nt ehall be attached to eaid contract snd shatl be effective
on the day oY
'ii~eas our haada this •
da~ oY
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~QAED OF' A~QNISTRATI~T
~~C ~ES ~ 1~TI$Bi~TT SY5'~!S
CITY C~CIb
OF Tfi~+
CITY OF b7~lfppD
B7C -
Csrl d. Blechinger~ Bce~~ve 0lPicer
LPP~~ se to Form:
BY , ~
Preaidit-g O,t`Pi,cer ,
> &
~~
wttest: y~~. ~, ~ .~ ~
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o,~'%;~ .~.. ~~ ~ ~
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Clerk
8et. Form 702-2
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CERTIFICATION OF GOVERNING BODY'S ACTION
i hereby certify that the foregoing is a true and correct copy
of a Resolution adopted by the BI'1? CANCII+
,
(Governing Body)
o f t he OI'1'Y 0? I~~00~
,
(Name o~ Public Agency)
on August 17, 1976 , appearing at Page 141
(Date) ~
Volume 20 of the (Minutes) (Official Records) of the
CIS? Qti1~CIL
(Governing Body)
~
, CITY CLERK or
Secretary of the Board
PERS-ACT-12 (il/71)