HomeMy WebLinkAbout1994 082 CC RESO1994 082 CC RESO (Ìì ´ e RESOLUTION NO. 94-82
A 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
BALDWIN PARK
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 ins aid contract; and
WHEREAS, the following is a statement of the proposed change:
To provide 2% 50 Full formula for local safety
members.
NOW, THEREFORE, BE IT RESOLVED that the governing body of the
above agency does hereby give notice of intention to approve an
amendment to the contract between the said governing body 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 part hereof.
APPROVED and adopted this 20th day of July, 1994
MAYOR
ATTEST
CITY CLERK
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF BALDWIN PARK
I, LINDA L GAIR, City Clerk of the City of Baldwin Park,
do hereby certify that the foregoing Resolution was duly and
regularly approved and adopted by the City Council of the City of
Baldwin Park at its regular meeting of the City Council on the 20th
day of July, 1994 by the following vote:
AYES. GALLEGOS. MARTINEZ, MUSE, MAYOR VARGAS
NOES: LOWES
ABSENT: NONE
ABSTAIN: NONE
CITY CLERK
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1994 082 CC RESO (Ìì ´ e EXHIBIT
AMENDMENT TO CONTRACT BETWEEN THE
BOARD OF ADMINISTRATION OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE CITY OF
BALDWIN PARK
The Board of Administration, Public Employees' Retirement System,
hereinafter referred to as Board, and the governing body of above
public agency, hereinafter referred to as Public Agency, having
entered into a contract effective September 1, 1965 and witnessed
July 7, 1965, and as amended effective January 1, 1972 and July 1,
1977, which provides for participation of Public Agency in said
System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 10 are hereby stricken from said contract
as executed July 1, 1977, and hereby replaced by the following
paragraphs numbered 1 through 12 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 60 for
local miscellaneous members and age 50 for local safety
members.
2. Public Agency shall participate in the Public Employees'
Retirement System from and after September 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
class as are excluded by law or this agreement:
a. Local Police Officers herein referred to as local
safety members);
b. 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. Fire fighters; and
b. All hourly rated or hourly basis 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 21251.13 of said Retirement Law,
subject to the reduction provided therein for service
prior to December 31, 1971, termination of Social
Security, for members whose service has been included in
Federal Social Security 2% at age 60 Full and Modified)
6. The percentage of final compensation to be provided for
each year of credited prior and current service as a
local safety member shall be determined in accordance
with Section 21252.01 of said Retirement Law 2% at
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1994 082 CC RESO (Ìì ´ e EXHIBIT
Page 2
age 50 Full)
7. Public Agency elected and elects to be subject to the
following optional provisions:
a. Section 20024.2 One-Year Final Compensation)
b. Section 21382 Basic Level of 1959 Survivor
Benefits), pursuant to Article 6, commencing with
Section 21380)
8. Public Agency, in accordance with Government Code Section
20740, cased to be an employer" for purposes of Section
20759 effective on July 1, 1977. Accumulated
contribution of Public Agency shall be fixed and
determined as provided in Government Code Section 20759,
and accumulated contributions thereafter shall be held by
the Board as provided in Government Code Section 20759.
9. 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 and local safety members of said
Retirement System.
10. Public Agency shall also contribute to said Retirement
System as follows:
a. 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,
riot including the costs of special valuations or the
periodic investigation and valuations required by
law.
b. 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.
11. Contributions required of Public Agency and its employees
shall be subject to adjustment by Board on account of
amendments to the Pubic 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.
12. Contributions requires 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.
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1994-U02
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FO1461-U03
DO1527-U03
C6-U03
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10/10/2001-U04
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1994 082 CC RESO (Ìì ´ e EXHIBIT
Page 3
B. This amendment shall be effective on the day of JULY,20,1994.
BOARD OF ADMINISTRATION CITY COUNCIL OF THE CITY OF
PUBLIC EMPLOYEES' RETIREMENT BALDWIN PARK
SYSTEM
CHIEF, CONTRACT SERVICES DIVISION FID L A. VARGAS MAYOR
P(PUBLIC EMPLOYEES' RETIREMENT
SYSTEM
FIDEL A VARGAS
Witness Date
Attest:
CITY CLERK
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37650-U01
1994-U02
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FO1126-U03
FO1461-U03
DO1527-U03
C6-U03
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10/10/2001-U04
ADMIN-U04
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94-82-U05
JUL-U05
20-U05
1994-U05