Ordinance - 1755ORDINANCE NO. 1755
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE
CONTRACT BETWEEN COUNCIL AND THE BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM.
The City Council of the City of West Covina does ordain as follows:
Of -TL^,
• SECTION 1. That an Amendment to the Contract tween the City Council of
the City of West Covina 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 Council 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 15 days from the passage thereof shall
be published in the San Gabriel Valley Tribune, a newspaper of general circulation,
published and circulated in the City of West Covina and thence for and thereafter
the same shall be in full force and effect.
APPROVED AND ADOPTED THIS 26th
ATTEST:
" ;��
CiClerk
day of October , 1987
I HEREBY CERTIFY that the foregoing Ordinance was duly adopted by the
City Council on the 26th day of October 1987.
AYES:
Councilmembers:Tennant,
NOES:
Councilmembers:None
ABSENT:
Councilmembers:Chappell
ABSTAIN:
Councilmembers:None
APPROVED AS TO FORM:
City Attorney
•
Bacon, Shearer, Manners
C O P Y
AMENDMENT TO CONTRACT
r ry� BETWEEN THE
�\ BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' IREMENT SYSTEM
ANDTHE
��► t"` CITY COUNCIL
OF THE
CITY OF WEST COVINA
• The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board, and the governing body of above public agency, herein-
after referred to as Public Agency, having entered into a contract effective
July 1, 1966, and witnessed May 26, 1966, and as amended effective November 1,
1968, October 1, 1970, September 16, 1977, December 11, 1978, January 1, 1979,
June 1, 1983, December 16, 1983 and December 16, 1984, which provides for
participation of Public Agency in said System, Board and Public Agency hereby
agree as follows:
A. Paragraphs 1 through 15 are hereby stricken from said contract as executed
effective December 16, 1984, and hereby replaced by the following
paragraphs numbered 1 through 14 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 local miscellaneous members and age 50 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 those, which by
express provisions thereof, apply only on the election of a contract-
ing 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 Fire Fighters (herein referred to as local safety members);
b. Local Police Officers (herein referred to as local safety
members);
C. 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. PERSONS COMPENSATED ON AN HOURLY BASIS; AND
b. EMPLOYEES AND FORMER EMPLOYEES RETAINING RIGHTS,
OR RECEIVING BENEFITS ON ACCOUNT OF RETIREMENT FOR
SERVICE, UNDER THE LOCAL SYSTEM AS OF CONTRACT DATE.
5. Benefits being received under the local system on contract date by
persons retired for disability shall be continued by the Public
Employees' Retirement System at the rate provided in the local system
in accordance with Section 20520 of the said Retirement Law, said rate
being constituted as follows:
a. A monthly lifetime allowance in the amount of one-half of the
retired person's basic salary at the date of disability retire-
ment reduced by the worker's compensation payments, each month
during the retired person's entitlement to such payement.
b. A $500 death benefit payable upon death of the retired person
described above.
6. Public Agency, in accordance with Section 20605.5 of the Government
Code, shall provide that the normal rate of contribution for those
employees who were members of the Local Retirement System be based on
age at entry into said local system.
7. Assets heretofore accumulated with respect to members in the local
retirement system have been transferred to the Public Employees'
Retirement System and applied against the liability for prior service
incurred thereunder. That portion of the assets so transferred
representing the accumulated contributions (plus interest thereof)
required of the employees under said local system has been credited to
the individual membership account of each such employee under the
Public Employees' Retirement System.
8. The fraction of final compensation to be provided for each year of
credited prior and current service as a local miscellaneous member
shall be determined in accordance with Section 21251.13 of said
Retirement Law with all service prior to Federal Social Security
termination March 31, 1970, subject to the reduction provided by said
section (2% at age 60 Full and Modified).
9. 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 21252.01 of said Retirement Law
(2% at age 50 Full).
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10. 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:
3P a. Sections 21380 - 21387 (1959 Survivor Benefits) excluding Section
21382.2 (Increased 1959 Survivor Benefits) and Section 21382.4
(Third Level of 1959 Survivor Benefits).
b. Section 21389 (Second Opportunity to Elect 1959 Survivor
Coverage). Legislation repealed said Section effective
• ? September 27, 1979.
-5
C. Section 21361.5 (Local System Service Credit).
d. Section 20818 (Two -Years Additional Service Credit), as defined
in Chapter 1324, Statutes of 1976. Legislation repealed said
Section effective January 1, 1979.
e. Sections 21263/21263.1 (Post -Retirement Survivor Allowance) for
local safety members only.
f. Section 20024.2 (One -Year Final Compensation).
11. Public Agency, in accordance with Government Code Section 20740,
ceased to be an "employer" for purposes of Section 20759 effective on
September 16, 1977. Accumulated contributions of Public Agency shall
be fixed and determined as provided in Government Code Section 20759,
and accumulated contributions thereafter shall be held by the Board as
provided in Government Code Section 20759.
12. Public Agency shall contribute to said Retirement System as follows:
a. With respect to local miscellaneous members, the agency shall
contribute the following percentages of salaries earned as
members of said Retirement System:
(1) 1.192 percent until June 30, 2000 on account of the
liability for prior service benefits. (Subject to annual
change.)
(2) 7.544 percent until June 30, 2000 on account of the
liability for current service benefits. (Subject to annual
change.)
b. With respect to local safety members, the agency shall contribute
the following percentages of salaries earned as members of said
Retirement System:
(1) 7.352 percent until June 30, 1996 on account of the
liability for prior service benefits. (Subject to annual
change.)
(2) 29.721 percent until June 30, 2000 on account of the
liability for current service benefits. (Subject to annual
change.)
C. A reasonable amount, as fixed by the Board, payable in one in-
stallment 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.
d. A reasonable amount, as fixed by the Board, payable in one in-
stallment 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.
13. 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.
14. 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 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
19
BOARD OF ADMINISTRATION a
PUBLIC EMPLOYEES' RETIREMENT TEM
3
BY..�'`��a
SANDRA __C�('�%Utgb
ASS IS%A'P" XECUTIVE OFFICER
yyVSERVICES
Q \�
PERS-CON-702 (AMENDMENT)
(Rev. 9/86)
day of
CITY COUNCIL
OF THE
a�
CITY OF WEST COVINA
BY
Presiding q icer
Y �x
Witness Date
Attest:
Clerk
CERTIFICATION
I, JANET BERRY, Deputy City Clerk of the City of West Covina, State
of California, do hereby certify that a true and accurate copy of
Ordinance No. / 7 �S was published, pursuant to law, in the San
Gabriel Valley Tribune, a newspaper of general circulation published
and circulated in the City of West Covina.
Janet Berry, City Clerk
City of West Covina, Cal6rornia
DATED: •T •f