HomeMy WebLinkAbout2005 031 CC RESO2005 031 CC RESO ö˜Ðw`òÕw¢ V å RESOLUTION NO. 2005-031
A RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO THE CONTRACT BETWEEN THE BOARD
OF ADMINISTRATION CALIFORNIA 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 in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 21354.5 2.7% 55 Full & Modified formula); and
Section 20516 4.598% Employees Shanng Cost of Additional Benefits)
for local miscellaneous 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.
PASSED, APPROVED and ADOPTED this
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2005 031 CC RESO ö˜Ðw`òÕw¢ V å Resolution No. 2005-031
Page 2
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF BALDWIN PARK
ss.
I, LAURA M. NIETO, Deputy 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 regular meeting of the City Council held on April
6, 2005, by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
Marlen Garcia, David J. Olivas and Mayor
ManuelLozano
NONE
Bill Van Cleave and Mayor Pro Tern Ricardo
Pacheco
NONE
M Vh^
URA M. NIETO
DEPUTY CITY CLERK
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2005 031 CC RESO ö˜Ðw`òÕw¢ V å
CalPERS
EXHIBIT
California
Public Employees' Retirement System
AMENDMENT TO CONTRACT
Between the
Board of Administration
California Public Employees^ Retirement System
and the
City Council
City of Baldwin Park
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
September 1, 1965, and witnessed July 7, 1965. and as amended effective January 1.
1972, July 1, 1977. October 9. 1994, December 2. 1995, November 15. 1998.
December 3, 1999 and July 4, 2004 which provides for participation of Public Agency in
said System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 12 are hereby stricken from said contract as executed
effective July 4, 2004, and hereby replaced by the following paragraphs
numbered 1 through 13 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 and age 50 for local safety
members.
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2005 031 CC RESO ö˜Ðw`òÕw¢ V å PLEASE DO.
h»nT r^pM
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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 orjthis 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.
5. The percentage of final compensation to be provided for each year of
credited prior and current service for local miscellaneous members in
employment before and not on or after the effective date of the
amendment to contract shall be determined in accordance with Section
21354 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 55 Full and1 Modified).
6. The percentage of final compensation to be provided for each year of
credited prior and current service for local miscellaneous members in
employment on or after the effective date of the amendment to contract
shall be determined in accordance with Section 21354.5 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 2.7% at age 55 Full
and Modified).
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i i»L.h^L u^' S
7. The percentage of filial 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 21362.2 of said Retirement Law
3% at age 50 Full).
8. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 20042 One-Year Final Compensation).
b. Section 21571 Basic L^vel of 1959 Survivor Benefits).
c. Section 20903 Two Years Additional Service Credit).
d. Section 21024 Military Service Credit as Public Service).
e. Section 20503 To Remove the Exclusion of All Hourly Rated or
Hourly Basis Employees. Prospectively from December 3, 1999).
f. Section 20516 Employees Sharing Cost of Additional Benefits):
Section 21354.5 2.7% 55 Full and Modified formula)
From and after the effective date of the amendment to contract the
miscellaneous employees of Public Agency shall be assessed an
additional 4.598% of their compensation for a total contribution rate
of 12.598% pursuant to Government Code Section 20516.
9. Public Agency, in accordance with Government Code Section 20790,
ceased to be an employer" for purposes of Section 20834 effective on
July 1, 1977. 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.
10. 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.
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2005 031 CC RESO ö˜Ðw`òÕw¢ V å 11. 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 fhe 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.
12. 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.
13. 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 day of
f.
f"
f
BOARD OF ADMINISTRATION^' CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF BALDWIN PARK.
LORI MCGARTLAND,WTING CHIEFPRESIDING OFFJC^'
ACTUARIAL & EM^OYER SERVICES DIVISION
PUBLIC EMPLOYEES'RETIREMENT SYSTEM
Witness Date
Attest:
Clerk
AMENDMENT ER#595
PERS-CON-702A Rev. 8\02)
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2005 031 CC RESO ö˜Ðw`òÕw¢ V å CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento. CA 94229-2709
888) CalPERS 225-7377)
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 20516
I hereby certify that in accordance with Section 20516 of the Government Code. City of
Baldwin Park and its miscellaneous employees have agreed in writing to share the
costs of the following benefit:
Section 21354.5 2.7% 55 Full & Modified formula)
fe^ZZ-TA____
I^pg-hj Cfe^C
Title
joA^cnnS^
Witness
n)o5
Date
PERS-CON-500 Rev. 1/96)
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2005 031 CC RESO ö˜Ðw`òÕw¢ V å CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
888) CalPERS 225-7377)
CERTIFICATION OF GOVERNING BODY'S ACTION
hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
CITY COUNCIL ofthe
governing body)
CITY OF BALDWIN PARK
public agency)
on April 6> 2005
date)
77.7^fa
rk/Secretary
Cfuin Cch) /gr^
ttie
PERS-CON-12(rev. 1/96)
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2005 031 CC RESO ö˜Ðw`òÕw¢ V å CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
888) CalPERS 225-7377)
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
I hereby certify that in accordance with Section 7507 of the Government Code
the future annual costs as determined by the System Actuary and/or the increase
in retirement benefit(s) have been made public at a public meeting of the
CITY COUNCIL
of the
governing body)
CITY OF BALDWIN PARK
on APRIL 6, 2005
public agency)
which is at least two weeks prior to the adoption of the
date)
Resolution / Ordinance.
/^VTl.jTi}^
rk/Secretary
Dwn-^ 0^ Cterf.
Titi?
Date H/1//OS'
PERS-CON-12A rev. 1/96)
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