HomeMy WebLinkAbout1995 063 CC RESO1995 063 CC RESO (Ìì · t RESOLUTION NO. 95-63
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 agendas 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 20818 Two Years Additional Service Credit) and Section 20930.3 Military
Service Credit as Public Service) for local miscellaneous members and 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 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.
APPROVED AND ADOPTED THIS 2Oth day of September, 1995
MAYOR Z
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 2Oth day of September, 1995, by the following vote:
AYES: MARTINEZ. LOZANO. MUSE. MAYOR VARGAS
NOES: NONE
ABSENT: LOWES
ABSTAIN: NONE?
BIB]
37650-U01
1995-U02
063-U02
CC-U02
RESO-U02
LI3-U03
FO1126-U03
FO1366-U03
DO1391-U03
C6-U03
RESO-U03
10/10/2001-U04
ADMIN-U04
RESO-U05
95-63-U05
SEP-U05
20-U05
1995-U05
1995 063 CC RESO (Ìì · t 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, July 1, 1977 and October 9, 1994, which provides for participation of Public Agency in said
System, Board and Public Agency hereby agree as follows:
A. Paragraphs I through 12 are hereby stricken from said contract as executed effective October 9,
1994, 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 in each 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
rniscellaneous 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.
BIB]
37650-U01
1995-U02
063-U02
CC-U02
RESO-U02
LI3-U03
FO1126-U03
FO1366-U03
DO1391-U03
C6-U03
RESO-U03
10/10/2001-U04
ADMIN-U04
RESO-U05
95-63-U05
SEP-U05
20-U05
1995-U05
1995 063 CC RESO (Ìì · t PLEASE DO NOT SIGN EXHIBIT ONLY
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 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).
c. Section 20818 Two Years Additional Service Credit).
d. Section 20930.3 Military Service Credit as Public Service), Statutes of 1976.
8. Public Agency, in accordance with Government Code Section 20740, ceased to be an
employer" for purposes of Section 20759 effective on July 1, 1977. Accumulated
contributions 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, not including the costs of special
valuations or of 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 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.
BIB]
37650-U01
1995-U02
063-U02
CC-U02
RESO-U02
LI3-U03
FO1126-U03
FO1366-U03
DO1391-U03
C6-U03
RESO-U03
10/10/2001-U04
ADMIN-U04
RESO-U05
95-63-U05
SEP-U05
20-U05
1995-U05
1995 063 CC RESO (Ìì · t a
BIB]
37650-U01
1995-U02
063-U02
CC-U02
RESO-U02
LI3-U03
FO1126-U03
FO1366-U03
DO1391-U03
C6-U03
RESO-U03
10/10/2001-U04
ADMIN-U04
RESO-U05
95-63-U05
SEP-U05
20-U05
1995-U05