Resolution - 6699RESOLUTION NO. 6699
RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN THE
• BOARD OF ADMINISTRATION OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF WEST COVINA
WHEREAS, the Public Employees' Retirement Law permits the participation of pub-
lic 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 procedure to amend this contract is the adop-
tion by the legislative body of the public agency of a resolution giv-
ing 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 Sections 21263/21263.1 (Post -retirement
survivor benefit) for local police members.
• NOW, THEREFORE, BE IT RESOLVED, that the governing body of the above agency
gives, and it does hereby give notice of intention to approve an amend -
went to the contract between the said governing body 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 re-
ference made a part hereof.
ATTEST:
City Clerk
April 11, 1983
Date adopted and approved
NAME
Mayor
TITLE
Ret. Form 122
•I HEREBY CERTIFY that the foregoing Resolution No. 6699
was duly adopted by the City Council of the City of West Covina at
a regular meeting thereof held on the 25th day of April, 1983 by
the following vote of the Council:
AYES: Councilmen: Bacon, Tennant; Shearer, Chappell, Tice
NOES: Councilmen: None
ABSENT: Councilmen: None
•
•
4 AL - Ar-
City Clerk
•
AMENDMENT TO CONTRACT BETWF: ;N T_HZ
BOARD OF ADMIN1STRITION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND Tf" ";
CITY COUNf,' 11,
OF THE
CITY OF WEST COVINA
r0
The N
Board of Admi.ni.stratio����lic Employees Retirement System, heiein-
afi;r referred to as Board, and th, j*vHrning body of above public agency, here--
inafter referred to as Public Agency, h entered into a contract effective
July 1, 1966, and witnessed May 26, 1966, Jai ntended effective November 1,
1968, October 1, 1970, September 16, 1977, Dec4j� 11, 1978, and January 1,
1979, which provides for participation of Public ,ency in said System, Board
and Public Agency hereby agree as follows:
A. Paragraphs 1 through 11 are hereby stricken frott-i:;:id contract as executed
effective Janury 1, 1979, and hereby replaced by the following paragraphs
numbered 1 through 11 inclusive:
1. All words and terms used herein which are defined in the Public Employ-
ees' Retirement Law shall have the meaning as defined therein unless
• otherwise specifically provided. "Normal retirement age" shall mean
age 60 for local miscellaneous and age 55 for local safety members.
2. Public Agency shall participate in the Public Employees' Retirement
System from and after July 1, 1966 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
provisions thereof apply only on the election of contracting agencies.
3. Employees of Public Agency in the following classes shall become mem-
bers 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
local miscellaneous members).
0
In addition to the classes of employees excluded from m�,!ab=:r3hip by
• said RetAEBA n�.t Ln.w, the following cl,..;;as of employees shall not
become mi:mbaid Retirement Syst(,m:
PER: )iJS COt:IAai. AN HOURLY BASIS;
EM�'iOYE;ES AND FUR t�Q� 'r. RETATNING RIG:+''''! OR RECEIVING
Bl'"dF.F'.[TS ON ACCOUNT OF RE'I�J�) IC FC R. SERVTMi' liN.DER THE LOCA.I,
SYSTEM AS OF CONTRACT DATE. "') a
Nay,,
4. Benefits being received under the loc-Al system oi, uuttract date by
persons retired for disability shall be continued by the Public
Employeeo' Reti_remant System at the rate provided in the local system
in accordan=:,-- with Section 20520 of the said R=;tirement Law, said rate
being constituted as follows:
a. A monthly lifetime allowance in the amoun?: of one-half of the
retired person's basic salary at the date of disability retire-
ment reduced by the workmen's compensation payment in each month
during the retired person's entitlement to such payment.
b. A $500 death benefit payable upon death of the retired person
described above.
5. The fraction of final compensation to be provided for each year of cre-
dited prior and current service as a local miscellaneous member shall
be determined in accordance with Section 21251.13 of,said Retirement
Law (2% at age 60 Full).
6. The fraction of final compensation to be provided for each year of cre-
dited prior and current service as a local safety member shall be de-
termined in accordance with Section 21252.1 of said Retirement Law
(One-half pay at age 55 Full).
7. The following additional provisions of the Public Employees' Retire-
ment Law which apply only upon election of a contracting agency shall
apply to the Public Agency and its employees:
a. Sections 21380-21387 (1959 Survivors Program) excluding Section
21382.2 (Increased 1959 Survivors benefits).
b. Section 20952.5 (Age 50 voluntary retirement) for local safety
members only.
C. Section 20605.5 (providing that the normal rate of contribution
for those employees who were members of the Local Retirement
System.shall be based on age of entry into said local system.
d. Section 21361.5 (Local System Service Credit), for local miscel-
laneous members only.
0
e. Sectiop ') 818 (Additi.onal service credit), Sifjtut;s of 1976.
�q�f�
f. Section21`SJkA)&cond opportunity to elect (!overage), for
local miscellan(U> bl ers,onl.y.
IG�
g. Sections 21263/21263.1 (Poi rement survivor allowance), for
local safety members only. �1 B/
T �N ,
S. Public Agency, in accordance with Section 20140, Gu,:rnment Code,
ceased to be an "employer" for purposes of Chapter 6 of the Public
Employ-ees' Retirement Law effective on September 16, 19'(T. Accumu.-
lated contributions of Public Agency as of the aforementioned date
shall be fixed and determined as provided in Section.2C;" ), Government
Code, and accumulated contributions as of the aforemention,�ri date and
contributions thereafter made shall be held by the Board a:; provided
in Section 20759, Government Code.
9. Public Agency shall contribute to said Retirement System as follows:
a. With respect to miscellaneous members, the agency shall contri-
bute the following percentages of monthly salaries earned as mis-
cellaneous members of said Retirement System:
(1) '1.714 percent until June 30, 2000 on account of the
liability for prior service benefits.
• (2) 11.842 percent until June 30., 2000 on account of the
liability for current service benefits.
b. With respect to local safety members, the agency shall contribute
the following percentages of monthly salaries earned as local
safety members of said Retirement System:
(1) 2.784 percent until June 30, 1996 on account of the
liability for prior service benefits.
(2) 18.219 percent until June 30, 2000 on account of the
liability for current service lo--nefits.
C. A reasonable amount, as fixed by the Board, payable in one instal-
lment Within 60 days of date of contract to cover the costs of.ad-
ministering said System as it affects the employees of Public Ag-
ency, not including the costs of special valuations or of the per-
iodic investigation and valuations required by law.
d. A reasonable amount as fixed by the Board, payable in one instal-
lment as the occasions arise, to cover the costs of special valua-
tions on account of employees of Public Agency, and costs of the
periodic investigation and valuations required by law.
•
10. Contributions required of Public A r y and its employees shall be sub
• ject to adjust -men!, by Board on acco_u,t of amendments to the Public Em-
ployees' Ret.ir,-m erit L<<w, and on account of the experience under the Re-
tirement System as determined by the periodic investigation and valua-
tion required by said Retirem-.,nt Law.
•
0
11. Contributions required of Public Agency and its employees shall be
paid by Public Agency to the Retirement System within thirty days af-
ter 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, or adjust-
ments on account of errors in contributions required of any emplu�:
may be made by direct cash payments between the employee and the
Board. Payments by Public Agency to Bo_crd 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 _—, 19
Witness our hands the
day of , 19 .
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF WEST COVINA
r``A
BY � BY
CARL J. BLECHINGER, EXECUTIVE OFFICER/B// �esiding Officer
Ni y,,
Approved as to form:
Attest:
Margaret J. Apehn, 7gal Office, Die Clerk
PERS CON-702