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HomeMy WebLinkAboutOrdinance No. 1057 ORDINANCE NO. 1057 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 ADMINISTRATION 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 Administration, California Public Employees ' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A?, and by such reference made a part hereof as though herein set out 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 required by law. Passed and approved this 18th day of June , 1973. May ✓✓,/ STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS. CITY OF AZUSA I, DEAN KLARR, City Clerk of the City of Azusa, do do hereby certify that the foregoing Ordinance No.105T was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the 4th day of June , 1973. That, thereafter, said ordinance was duly adopted and passed at a regular meeting of the City Council on the 18th day of June 1973, by the following vote, to wit: AYES: Councilmen: Rubio, Decker, Snyder, Clark, Solem NOES : Councilmen: None ABSENT: Councilmen: None 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 circulation, printed, published and circulated in the City of Azusa, on the 28th day of June , 1973, and that the same was published in accordance with law. City Clerk Publish Azusa Herald, June 28, 1973 EXHIBIT A AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION P.UBLIC 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, and as amended effective July 1, 1956, September 1, 1958, March 2, 1959, May 1, 1960, September 3, 1967 and December 22, 1968, 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 9 are hereby stricken from said contract as executed effective January 1, 1949, and are hereby replaced by the following para- graphs 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 Group A members, age 60 for miscellaneous Group B 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 herein- after 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 provisions thereof apply only on the election of contracting agencies. • 3. Employees of Public Agency in the following classes and groups shall become members of said Retirement System except such in each such class and group 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 whose positions are not subject to Federal Social Security coverage (herein referred to as miscellaneous Group A members) . d. Employees other than local safety members whose positions are sub- ject to Federal Social Security coverage (herein referred to as miscellaneous Group B members) . • Form 702-1 In addition the employees excluded from mmtership by said Retire- ment Law, the following employees shall ,not become members of the Retirement System: • EXCLUDE PERSONS HIRED ON OR AFTER JULY 15, 1973 WHO ARE EMPLOYED ON A TEMPORARY AND/OR SEASONAL BASIS IF IT IS A • CONDITION OF EMPLOYMENT AT THE OF HIRE THAT SAID EMPLOY- MENT NOT EXCEED SIX MONTHS. 4. , The following provisions shall apply to miscellaneous Group A members and local safety members. a. The fraction of final compensation to be provided for each year of credited prior and current service as a miscellaneous Group A .member upon retirement at normal retirement age shall be 1/50 • and shall be applied as provided in Section 21251.13 of said Retirement Law. b. The fraction 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 21252.1 of said . .Retirement Law. c. Contribution rates of miscellaneous Group A members and local • safety members shall be subject to Sections 20603 and 20602, respectively. • d. The following provisions of the Public Employees' Retirement Law which apply only upon election of a contracting agency shall apply: • • (1) Section 21263 (providing upon death of a local safety member who had retired for service or industrial disability for the continuation of one-half the retirement allowance to certain • • survivors). • • 5. The following provisions shall apply to miscellaneous 'Group B members .only: a. . The effectivity of membership in Group B shall be January 1, 1956 or later entry into employment as a miscellaneous member. b.' The fraction of final compensation to be provided for each year of credited prior and current service upon retirement at normal retirement age shall be 1/50 and shall be applied as provided in Section 21351.13 of said Retirement Law subject to the modifi- • • cation set forth in subparagraph 5 (c) below. . c. The fraction of final compensation specified in subparagraph (b) above shall be reduced by one-third for application to the first • $400 per month of final compensation as to service in any period after January 1, 1956. d. The retirement benefits payable upon retirement for ordinary dis- ability shall not be affected by Paragraph 5 (c) of this contract and for the purposes of the limit on any such allowance imposed under Section 21297, Government Code, allowances for retirement for service shall be computed according to the formula set out in Para- graph 5 (b) without modification of the contract as amended both as to service before and after the effectivity of membership in the Group B classification. All other provisions of this amendment 1'nrm 707-7 shall be fully applicable to the computation of allowances upon retirement for disability. e. Contribution rates of miscellaneous Group B members shall be sub- ject to Section 20603 providing for a reduction in rates of contri- bution as such rates relate to the first $400 of monthly compensation and 100% of such rates as they apply to the remainder of monthly compensation. f. The following additional provisions of the Public Employees' Re- tirement Law which apply only upon election of a contracting agency shall apply to Group B members: (1) That portion of Section 21251.13 which provides for reduction in the percentage of final compensation for members covered under Social Security. 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) 0.40 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 7.18 percent on account of the liability for current service benefits. b. With respect to local safety members, the public agency shall con- • tribute the following percentages of monthly salaries earned as local safety members of said System: (1) 0.502 percent until June 30, 1978 on account of the liability for prior service benefits. (2) 11.863 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 of the periodical investigation and valuation required by law. d. A reasonable amount as fixed by the Board, payable in one install- ment as the occasions arise, to cover costs of special valuations on account of employees of Public Agency, and costs of the period- . ical investigation and valuation required by law. City of Azusa Form 702-3 L 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 System, as determined by the periodical investi- gation 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 adjustments on account of errors in payments between the employee and 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 become effective on the day, of Witness our hands this day of BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM - OF ': C0 F . 4. 7 BY BY William E. Payne, Executive Officer Presiding Officer • Attest: • Clerk • • • Form 702-4