HomeMy WebLinkAboutOrdinance No. 502:.lb
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ORDINANCE NO. 502
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AN ORDINANCE of the CITY COUNCIL
Name of Governing Body
AUTHORIZING AN ATENDDENT TO THE CONTRACT PROVIDING FOR THE
PARTICIPATION of the CITY OF AZUSA
Name of Public Agency
in the CALIFORNIA STATE EMPLOYEESI RETIREMENT SYSTEM, 14AKING
ITS EMPLOYEES MEMBERS OF SAID SYSTEM.
The CITY COUNCIL of the CITY OF AZUSA
Name of Governing Body Name of Public Agency
does ordain as follows:
SECTION 1. That an amendment to the Contract providing for the participation
of CITY :OF AZUSA in the State Employeest Retirement System,
Name of Public Agency
is hereby authorized between the CITY COUNCIL of
Name of Governing Body
CITY OF AZUSA and the Board of Administration, Califor-
Name of Public Agency
nia State Employeest Retirement System, a copy of said amendment being attached here-
to, marked "Exhibit Aft, and by such reference made a part hereof as though herein
set out in full.
SECTION 2. The Mayor of the CITY OF AZUSA
Title or Presiding 0 f:zcer) Name of Public
_ is hereby authorized, empowered, and directed to execute said amend -
Agency
ment for and on behalf of said Agency.
SECTION 3. This Ordinance shall take effect 3o a„ys after the date
of its adoption, and prior to the expiration of days from the passage
thereof shall be published at least once in the Azusa Herald & Pomotrppie
Name of Newspaper
a newspaper of general circulation, published and circulated in the CITY OF
Name of
AZUSA , and thenceforth and thereafter the same shall be in full
:Pub is Agency
' J: VL'l:C�tiaallrC;lCl: W
r AdopteNatd approved this
23st day of -May 19 56
(Presiding Officer
F 128d (Guar. % & Comp.) 4-50
STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES ) ss
CITY OF AZUSA )
I, James Miller City Clerk of the City of Azusa, Los
Angeles County, California, do hereby certify that the fore-
going ordinance was duly introduced, at a regular meeting of
the City Council of the City'of Azusa on the day of
,195-6— and was duly and regularly passed and
adopted by the City Council, signed and approved by the
Mayor, attested by the City Clerk, at a regular meeting held
on the 21st day of Mav 195 6 that the same was
Passed and adopted by the following vote of the Council:
AYES: COUNCILMEN: Fawcett, Ortuno, Johnson, Romero,
Memmesheimer
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
I do further certify that I caused said Ordinance to be
Published prior to the expiration of fifteen days from the
passage thereof in the Azusa Herald and Pomotropic, a newspaper
of general circulation, printed, published and circulated�in
the City of Azusa, on the 31st day of May 195-6-
and
95 6
and that the same was published in accordance with law.
�° City Clerk, City of Azusa
i
AI:iENDMIT TO CONTRACT BETAEEN IY4E
BOARD OF ABI,IINISTRATION
STATE EMPLOYEES' RETIREMENT SYSM-I
AND CITY COUNCIL
Governing Body
OF THE CITY OF AZUSA
Name of Public Agency
The Board of Administration, State Employees' Retirement System, and the
CITY COUNCIL of the CITY OF AZUSA ,
Governing Body Name of Public Agency
hereinafter referred to as Agency, having entered into a contract under date of
December 20 19 48 , effective January 1 191,
which provides for the participation of'said Agency in said Retirement System,
and said Contract being based on the Retirement Law exclusive of amendments
thereto which changed benefits and ages of retirement, said Board of Administration
and said CITY COUNCIL hereby agree as follows:
'',,-- kk__ Governin. Body
1.. Fara'0 4'
#7*829010*11and 12 shall be and are hereby stricken from said
Contract.
2. The following paragraphs shall be and are hereby added to said Contract:
la. Age 60 shall be the normal age for retirement for service, of persons
who are miscellaneous members because of employment by Public Agency,
that is, members other than Local Firemen, Local Policemen or County
Peace Officers, and one -sixtieth shall be the fraction of final compensa-
tion, as defined in said Retirement Law, to be provided for each year
of service as a member upon retirement at age 60, and the provisions of
Section 21251.1 of said Retirement; Lala, I_rovidan:^ for a guaranteed percent-
age of said final compensation, shall apply.
5. Prior service benefits to miscellaneous members employed by Public Agency,
that is, members other than Local Firemen, Local Policemen, or County
Peace Officers, upon retirement for service, shall be allowed only as a
percentage of the average salary specified in Section 21253 of said
Retirement Law, for each year of such service, and said percentage shall
be 100 per cent of the percentage determined under said Section for the
age at retirement.
normal
6. Age 55 shall be the minimum age for retirement for service, of persons
who are members because of employment by Public Agency as Local Firemen,
Local Policemen or County Peace Officers and the provisions of .Section
21252.1{ of the State Employees' Retirement Lair, providing for a guaran-
teed percentage of final compensation for each year of current service
as a member, shall apply to such members.
7. Den,�fits on account of prior service, that is, service credited hereunder
as rendered to PuL1ic Agency prior to the effective date of participation,
to respective persons who are members because of employment by Public
.Agency as Local Firemen, Local Policemen or County Peace Officers, shall
be allo:•red only as a percentage of the average salary specified in said
retirement Lar:, for each year of such service, and said percentage shall
be 100 per cent of the fraction of final compensation, as defined in the
F703-1 (47-49 sm) 6/51 450
State Employees' Retirement Law, for each year of service rendered after
said date, as determined for said respective members under said lavr, for
retirement for service at age 55, or upon qualification for service
retirement at a higher age. If a member retires for service before
attaining age 55, his prior service pension shall be reduced to that
amount --hick the value of the pension as deferred to age 55 rill purchase
at the actual age of retirement.
8. The nrovisions of Section 21258b of the State Dmployees' Retirement law,
guaranteein a minimum retirement allovrance under certain conditions
shall apply to persons who are members because of employment by
Public A,;ency.
9• The provision
Section 2136. of the State Employees' Retirement Law,
providinga � death benefit after retirement shall apply to
persons who are members because of employment by Public Agency.
10. The provisions of Section 20025 of the State Employees' Retirement Lavr,
providing that there shall be no maximum limitation in the compensation
which shall be included in computations under the Retirement Late,
shall apply to employees of Public Agency who become members of
said Retirement :System.
11. The provisions of Section 20021.01 of the State Employees' Retirement
Law,, which provide that "final compensation" shall mean the highest
average annual compensation earnable by a member during any period of
three consecutive years during his membership in the Systems SHALL
APPLY to employees of Public Agency who become members of said
Retirement system.
ygLPublic Agency shall contribute to said Retirement System as follows:
a. The sum of *,14,593.22' per annum, or more frequent installments as
Board shall require, for the period of years stated in said Contract,
less the time elapsed from the date of participation to the effective
date hereof.
b. 6.208 Per cent of total salaries paid by Public Agency each month
to its employees who are members of said Retirement System, provided
that only salary earned as members of said System shall be included in
said total salaries, and the employees vrho are members of said System
shall include employees who are members upon the effective date hereof
and employees .::ho become members thereafter.
c. A reasonable amount per annum, as fixed by Board, 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 peri-
odical investigation and valuation required by law, provided that
said amount shall be determined on the basis of the number of employees
of Public Agency urho aremembers on July 1st of the respective fiscal '
*;ears.
d. A reasonable amount as fixed by the Board, payable in one installment
from time to time as the occasions arise, to cover the costs of
special valuations on account of employe=.s of Public Agency, and the
F703-2 (47-49 SSI) 6/51 h50
0•
costs of the periodical investigation into the experience under said
Retirement System, as it affects said employees, and the valuation of
the assets anc? liabilities of said System on account of said employees.
Contributions required of Public Agency and its employees shall be subject
to adjustment by the Poard of Administration on account of amendments to
the State Employees, Retirement Law, and on account of experience under the
Retirement Systeia, as determined by the periodical investigation, valuation
and determination provided for by said Retirement Law.
33• Contributions recttired of Public Agency under the paragraph immediately
preceding, and contributions required of Public Agency's employees who are
members of said System, shall be paid by Public Agency to the State
Employees' Retirement System within thirty days after the end of the month
or longer period to which said contributions refer. If more or less than
the correct amount of contributions required of Public Agency or its
employees is paid for any period, proper adjustment shall be made in connec-
tion tirith subsequent remittances of Public Agency to the Board, to rectify
the errors; or such adjustments on account of errors made in contributions
required of employees, may be made by direct cash payments between the
employee in connection frith whom the error was made, and Board. Payments
of Public Agency to Board may be made in the form of warrants, bank checks,
bank drafts, certified checks, money orders, or cash.
3. Benefits, including retirement allowances, prior to the effective date of this
amendment, shall not be affected by this amendment, unless otherwise provided
herein.
4. This amendment shall be attached to said Contract and shall be effective as
of .i a k e 4 , 19 -S -G.
Witness our hand this 2 / I -P— day of '/Y1 , 19,5-6.
Attest:
Attest:
Executive Officer
Cler
CITY COUN IL of
Name of Legislative Body
CITY OF AZUSA
Mame of Public Agency
Dy
Presiding Of 'cer
DOARD OF ADMINISTR'1TION
STATE EMPLOYEES' RETIREMENT SYSTEM
By
President, Board of Administration
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