HomeMy WebLinkAboutORD 1262ORD 1262 ö˜Ðw`òÕw¢ V ² ORDINANCE NO. 1262
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
BALDWIN PARK AUTHORIZING AN AMENDMENT TO THE
CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY
OF BALDWIN PARK AND THE BOARD OF
ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM
NOW. THEREFORE. THE CITY COUNCIL OF THE CITY OF BALDWIN PARK
DOES ORDAIN AS FOLLOWS:
SECTION 1. That an amendment to the contract between the City Council of
the City of Baldwin Park and the Board of Administration, California Public Employees'
Retirement System is hereby authorized, a copy of said amendment being attached hereto,
marked Exhibit, and by such reference made a part hereof as though herein set out in full.
SECTION 2. The Mayor is hereby authorized, empowered, and directed to
execute said amendment for and on behalf of said Agency.
SECTION 3. This Ordinance shall take effect 30 days after the date of its
adoption, and prior to the expiration of 7 days from the passage thereof shall be published
at least twice in the San Gabriel Valley Tribune, a newspaper of general circulation.
published and circulated in the City of Baldwin Park and thenceforth and thereafter the
same shall be in full force and effect.
SECTION 4. The City Clerk shall attest and certify the passage and adoption
of this ordinance, which shall take full force and effect thirty 30) days after the date of its
adoption.
Passed and approved this 4th day of May
BIB]
38630-U01
ORD-U02
1262-U02
LI2-U03
FO8535-U03
FO62476-U03
DO73353-U03
C5-U03
ORDINANCES-U03
09/21/2005-U04
ADMIN-U04
ORD 1262 ö˜Ðw`òÕw¢ V ² Ordinance No. 1262
Page 2
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES f~ ss:
CITY OF BALDWIN PARK J
I, ROSEMARY M. RAMIREZ, Chief Deputy City Clerk of the City of Baldwin Park, do
hereby certify that the foregoing Ordinance was introduced at a regular meeting of the City
Council on April 6, 2005 and thereafter was duly adopted by the City Council at a regular
meeting on May 4, 2005 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
Marlen Garcia, David J. Olivas, Bill Van
Cleave, Mayor Pro Tern Ricardo
Pacheco, and Mayor Manuel Lozano
NONE
NONE
NONE
ROSEMARY IvTRAWEZ, CMC
CHIEF DEPUTY CITY CLERK
BIB]
38630-U01
ORD-U02
1262-U02
LI2-U03
FO8535-U03
FO62476-U03
DO73353-U03
C5-U03
ORDINANCES-U03
09/21/2005-U04
ADMIN-U04
ORD 1262 ö˜Ðw`òÕw¢ V ²
CalPERS
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.
BIB]
38630-U01
ORD-U02
1262-U02
LI2-U03
FO8535-U03
FO62476-U03
DO73353-U03
C5-U03
ORDINANCES-U03
09/21/2005-U04
ADMIN-U04
ORD 1262 ö˜Ðw`òÕw¢ V ² 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 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 and 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).
BIB]
38630-U01
ORD-U02
1262-U02
LI2-U03
FO8535-U03
FO62476-U03
DO73353-U03
C5-U03
ORDINANCES-U03
09/21/2005-U04
ADMIN-U04
ORD 1262 ö˜Ðw`òÕw¢ V ² 7. 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 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 Level 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.
BIB]
38630-U01
ORD-U02
1262-U02
LI2-U03
FO8535-U03
FO62476-U03
DO73353-U03
C5-U03
ORDINANCES-U03
09/21/2005-U04
ADMIN-U04
ORD 1262 ö˜Ðw`òÕw¢ V ² 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 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.
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 n day of UUttC._____, 00^
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY ORB^WfN,
A^Z^^
BY__________________________ BY_^X.^^
LORI MCGARTLAND. ACTING CHIEF PRtSIDI%^^^^^
ACTUARIAL & EMPLOYER SERVICES DIVISION /
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
MflM 10)200^______
Witness Date
AMENDMENT ER# 595
PERS-CON-702A Rev. 8\02)
uAaVn,yhjip
BIB]
38630-U01
ORD-U02
1262-U02
LI2-U03
FO8535-U03
FO62476-U03
DO73353-U03
C5-U03
ORDINANCES-U03
09/21/2005-U04
ADMIN-U04