Loading...
Ordinance - 2211ORDINANCE NO. 2211 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, AUTHORIZI G AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY CO NCIL OF THE CITY OF WEST COVINA, CALIFORNIA, AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHEREAS, the City of West Covina has ' ade a determination regarding the issue of providing PERS Benefit of 2% @ 60 for miscellaneous employees entering membership for the first time in the miscellaneous groups; and WHEREAS, the Public Employees' Retiretnt Law permits the participation of public agencies and their employees in the Public Employees' Retirement System by the execution of a contract, and sets forth the procedure by which said p blic agencies may elect to subject themselves and their employees to amendments to said Law; NOW, THEREFORE, THE CITY COUN CALIFORNIA, DOES ORDAIN- AS FOLLOWS: SECTION 1. That an amendment to the cc West Covina and the Board of Administration, Calii hereby authorized, a copy of said amendment being reference made a part hereof as though herein set out SECTION 2. The Mayor of the City of W and directed to execute said amendment for and on be OF THE CITY OF WEST COVINA, act between the City Council of the City of ua Public Employees' Retirement System is tched hereto, marked "Exhibit", and by such full. Covina is hereby authorized, empowered, F of said Agency. SECTION 3. The City Clerk shall certify to Ithe adoption of this Ordinance and shall cause the same to be posted or published in the manner as r quired by law. SECTION 4: This Ordinance shall take after the date of its passage. APPROVED AND ADOPTED AT T: City Clerk L 'urie:Carrico I, LAURIE CARRICO, CITY CLERK of the City that the foregoing Ordinance was regularly intro( regular meeting of the City Council on the 19th Ordinance was duly adopted and passed at a regular December, 2010, by the following vote: AYES: Herfert, 1ane,;Touhey, Sanderson NOES: None ABSENT: None ABSTAIN: None APPROVED AS TO FORM: City Attorney Arnold lvarez-Glasman and be in force thirty (30) days from and this 71h day of December, 2010.. Mayor Shelley Sanderson f West Covina, California, do hereby certify uced and placed upon its first reading at a Jay of October, 2010. That thereafter said meeting of the City Council on the 7`h day of City Clerk Latkie. Carrico _v . Lnem�scenaneoussc1as51rlGail(Jfl fl 'U(} EJf:IUff lU IIICliec,ueUate Ullfllb . v amendment to`"contract, 60 f r local miscellaneous membersenterin ., : 9 9 membership for the first` time in t e miscellaneous classification after he e effective date of° -this amendment to `contract, 'and ag;e 50xfor local< safet members. J{ 9 FY,1 changes;sponsored b, Public; Age '^ti9 a3F 3 1 i0.^ 5erefits; provisioner, formulas amendments, additions .or deletions. he California Constitution. IQC.IG QJ Q..;; California si or to k � �•ry- .�§ �� �: \•'� �Y � a`4"`�'R y 'w�, 'd �� i�e4 (t Jr y� S�a .: �k ;. ._. §.•.'vFn� �- .: t _ ��� kF�3+ M1S 2.- ..� � „d � Sda x ��4 .x> r. �3n.. ...,.a employees who were members of he Local`�RetirementSystembe�basedI'll� €. „. �n r s- n k r T f€ 1 .a:t `. 'fi 44x t q t '.4 Y a 3 i',i k Ye tN on age otrentry,into said local cyst mp _ �ry Y 8- A�ssetsgheretofore accurpulated ith ,respectto members=gym the local . t retirement system `have been t arnsferred to kthe Pubhck Employees'i Retirement System and applied against the liability for pnosr service b" r .. , incurred thereunder That ` porno of the assets so'transferred which represent theaccumulated contnb bons (plus interest thereof) required of the employee's under said local sy tern has.been credited to the Indivitl'uaI ` membership account ofeachsuch employee under the Public Employee`s' 'Retirement System. rm Ft `P' 4pL,r :,, �� d Sections2162'4 and2162 (Post,Retirement Survivor, Allowance) w- :.0 '� for local safety members; o ly e. Section 20042 (One=Year inal Compensation). vaivauons on account ore io ees or rupnc ,H enc. ,;,ana costs or the' periodic, rives igation an valuations required by Iaw. _ ;: R F S z'.70 � mat i;' AMENDMENT ER# 630 S 4 tf #' �x..�. PERS=CON=702A� CERTIFICATION I, Susan Rush, Assistant City Clerk of the City of West Covina, State of California, do hereby. certify that a true and accurate copy of Ordinance No. 2211 was duly enacted and passed by the West Covina City Council, and caused to be posted pursuant to law (G.C. 36933), at the following locations: West Covina City Cler 's Office (3rd floor) Los Angeles County Public Lib ary (West Covina Branch) West Covina Police Dep ment (front lobby) Susan Rush, A�sistant City Clerk Posted: December 8, 2010