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HomeMy WebLinkAboutOrdinance No. 1098 ORDINANCE NO. 1098 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AZUSA AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL AND THE BOARD OF ADMINIS- TRATION OF THE CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM. The City Council of the City of Azusa does ordain as follows : SECTION 1. That an amendment to the contract between the City Council of the City of Azusa and the Board of Administra- tion of the California Public Employees Retirement System is hereby authorized a copy of said amendment being attached hereto marked "Exhibit A" and, by this reference, made a part hereof as though set forth herein in full. SECTION 2. The Mayor of the City of Azusa is hereby authorized, empowered and directed to execute said amendment for and on behalf of said agency. SECTION 3 . The City Clerk shall certify to the passage of this Ordinance and shall cause the same to be published as requred by law. Passed and approved this 17th day of March , 1975. Mayor STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss. CITY OF AZUSA I, Adolph A. Solis, City Clerk of the City of Azusa, do hereby certify that the foregoing Ordinance No. 1098 was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the Mrd day of March , 1975. That, thereafter, said Ordinance was duly adopted and passed at a regular meeting of the City Council on the 17th day of March , 1975, by the following vote, to wit: AYES : Councilmen: Rubio, Solem, Cruz, Arkison, Decker NOES : Councilmen: None ABSENT: Councilmen: None � t J ,. �/ City Clerk 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, a newspaper of general circula- tion, printed, published and circulated in the City of Azusa, on the 27th day of March , 1975, and that the same was publi th ed in accordance with law. . ../f) / eJ L . MI 4 1 - City Clerk Publish Azusa Herald, March 27, 1975 ftre• AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF AZUSA The Board of Administration, Public Employees' Retirement System, hereinafter referred to as Board and the CITY COUNCIL of the CITY OF AZUSA, hereinafter referred to as Public Agency, having entered into a contract under date of December 20, 1948, effective January 1, 1949, as amended effective July 1, 1956, September 1, 1958, March 2, 1959, May 1, 1960, September 3, 1967, December 22, 1968, and July 15, 1973, and as provided by Chapters 170 and 316, Statutes of 1971, which provide for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 8 are hereby stricken from said contract as executed effective January 1, 1949, and are hereby replaced by the following paragraphs numbered 1 through 8 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 miscellaneous members and age 55 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1949, 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 such as by express provision thereof apply only on the election of contracting agencies. 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 firemen (herein referred to as local safety members); b. Local policemen (herein referred to as local safety members); c. Employees other than local safety members (herein referred to as miscellaneous members) . The following employees shall be excluded from membership in said Retirement System: NO ADDITIONAL EXCLUSIONS 4. The fraction of final compensation to be provided for each year of credited prior and current service as a miscellaneous member shall be that provided in Section 21251. 13 of said Retirement Law subject to the reduction provided therein for service on and after January 1, 1956 of members whose service has been included in the federal service. 5. The following additional provisions of the Public Employees' Retirement Law which apply only upon election of a contracting agency shall apply to the Public Agency and its employees; a. The fraction of final compensation to be provided for each year of credited prior and current service as a local safety member shall be that provided in Section 21252. 1 of said Retirement Law. b. Section 21363 and 21363. 1 (providing upon death of a miscellaneous or local safety member who has retired for service or disability for the continuation of the post- retirement survivor allowance to certain survivors). c. Section 21380-7 (providing for allowances to survivors of miscellaneous members covered under the program upon death before retirement). 6. Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the public agency shall contribute the following percentages of monthly salaries earned as miscellaneous members of said System: (1) 0. 33 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 9. 87 percent on account of the liability for current service benefits. (3) 1. 00 percent on account of the liability for the 1959 Survivors program. b. With respect to local safety members, the public agency shall contribute the following percentages of monthly salaries earned as local safety mem- bers of said System: (1) 4. 092 percent until June 30, 1978 on account of the liability for prior service benefits. (2) 9. 245 percent on account of the liability for current service benefits. 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 the periodical investigation and valuation required by law. d. A reasonable amount as fixed by the Board, payable in one installment as the occasions arise, to cover costs of special valuations on account of employees of Public Agency, and costs of the periodical investi- gation and valuation required by law. 7. 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 experience under the Retirement System, as determined by the periodical investigation and valuation required by said Retirement Law. 8. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty days after the end of the period to which said contributions refer. If more or less than the correct amount of contribution is paid for any period, proper adjustment shall be made in connection with subsequent remittances, or adjustment on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders, or cash. B. This amendment shall be attached to said contract and shall be effective on the day of Witness our hands this day of BOARD OF ADMINISTRATION CITY COUNCIL OF THE PUBLIC EMPLOYEES' CITY OF AZUSA RETIREMENT SYSTEM BY BY Carl J. Blechinger, Executive Officer Presiding Officer Attest: Clerk CERTIFICATION OF FINAL ACTION OF GOVERNING BODY DATE: March 17, 1Q79 Board of Administration Public Employees' Retirement System P. 0. Box 1953 Sacramento, California 95809 I hereby certify: That the City Council of the City of Azusa adopted on March 17, 1975 by an affirmative vote of a majority of the members of said governing body, Ordinance No, 1098 approving the attached Amendment to Agreement between the governing body of said Agency and the Board of Administration of the Public Employees' Retirement System, a certified copy of said Ordinanr:e in the form furnished by said Board of Administration being attached hereto. c L-/`• � Clerk or Secretary City of Azusa Name-of-Agency _ PERS-ACT-5 (1/74)'