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HomeMy Public PortalAbout75-068 (07-01-75)__ ~~~ ,~ ~ r t ~ ' RESOLUTION No. 75-68 RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF' THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF LYNWOOD n~~~ 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 iaw; and WHEREAS, one of the steps in the procedure to amend tYiis contract is the adoption by the legislative 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: PROVIDE FINAL COMPENSATION ON THE BASIS OF 1 YEAR (INSTEAD OF 3) FOR LOCAL FIREMEN NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Lynwood, gives, and it does hereby give notice of intention to approve an amendment to the contract between the City Council and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment being attached hereto, marked "Exhibit A" and by this reference made a part hereof. _, APPROVED and ADOPTED this l~~~f July,/,~,~5. ATTFrST: Mayor of t e City of Lynwo ,City Clerk, Citify of L nwood .. r EXHIBIT A AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION ,. PIIBLIC EMPLOYEES' RETIREMENT SYSTEM `.- AND THE CITY COIINCIL OF THE CITY OF LYNWOOD ~ .-..•, The Board of Administration, Fublic Employees' Retirement Syatem, herein- after referred to as Board and the CITY COIINCIL of the CITY OF LYNWOOD, here=',, inafter referred to as Public Agency, having entered into a contract under date of May 7, 1946, effective July 1, 1946, as amended effective November 1, 1966, January 1, 1975, and July 13, 1975, and as provided by Chapters 170 and 316, Statutes of 1971, which provide for participation of Public Agency, hereby agree as follows: A. Subparagraph 5 (e) shall be stricken from said contract, and the following subparagraph 5 (e) shall be substituted therefor: 5 (e) Section 20024.2 (defining "final compensation" for local safety members on the basis of average compensation earnable during the year immediately preceding retirement or any other one year pe- riod elected by the member). B. Paragraph 6 (b) shall be stricken from said contract and the following paragraph substituted therefor: 6 (b) With respect to local safety members, the public agency shall contribute the following percentages of monthly salaries earned ae local safety members of said System: (1) percent on account of the liability for current service benefits. (2) percent on account of the liability for the 1959 survivors program. (3) ~_ percent until December 31, 1984 on account of the benefits provided under Section 21222.1 of the Government Code. C. This amendment shall be attached to said contract and shall be effective on the day of Witness our hands this day of BOARD OF ADMINISTRATION PIIBLIC EMPLOYEES' RETIREMENT SYSTEM $Y , Carl J. Blechinger, Executive Officer Approved as to Form: Lloyd C. Graybill, Administrative Adviser CITY COIINCIL OF THE CITY OF LYNWOOD BY Presidi ;~,{Jfficer -"".;, Attest: ~', yl~ ~,- Clerk 1 ,. _ STATE OF CALIFORNIA ) ss. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the above and foregoing resolution was duly adopted by the City Council of said city at a regular meeting thereof held in the City Hall of said City on the 1st day of July 19 75 and passed by the following vote: AYES: COUNCILMEN Byork, Green, Morris, Rowe NOES: COUNCILMEN None ABSENT: COUNCILMEN Liewer EiITY G~'LERK, CITY OF LYNW©OD STATE OF CALIFORNIA ) ss. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the above and foregoing resolution was duly adopted by the City Council of said city at a regular meeting thereof held in the City Hall of said city on the 1st day of July 1975 and passed by the fo]~lowing vote: AYES: COUNCILMEN Byorlt, Green, Torris, Rowe NOES: COUNCILMEN Pv'one ABSENT: COUNCILMEN Liewer s/ Josephine L. Shepherd (SEAL) CITY CLERK, CITY OF LYNWOOD STATE OF CALIFORNIA ) . ss. COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, and clerk of the City Council of said city, do hereby certify that the above and foregoing is a full, true and correct copy of Resolution No. 75-63 on file in my office and that said Resolution was adopted on the date and by the vote therein stated. Dated this 3rd day of July 1975. ~ ~/ / C Y~~C TY F LYN OOD