Resolution - 9597T\Y
D p^
RESOLUTION N0. 9597
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 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 public agencies may elect
to subject themselves and their employees to amendments to said Law; and
WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the
governing body of the public agency of a resolution giving 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 Section 21024 (Military Service Credit as Public
Service) for local police members.
NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency does
hereby give notice of intention to approve an amendment to the contract between
said public agency and the Board of Administration of the Public Employees'
Retirement System, a copy of said amendment b#g attached hereto, s an
"Exhibit" and by this reference made a part hereof.
Presiding
Mayor
Title
July 7, 1998
Date adopted and approved
(Amendment)
CON-302 (Rev. 4/96)
EXHIBIT
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
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, hereinafter 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, December 16, 1984, December 16,
1987, February 16, 1989, July 1, 1989, June 17, 1992, January 6, 1994, June 24, 1997 and
September 24, 1997 which provides for participation of Public Agency in said System, Board
and Public Agency hereby agree as follows:
A. Paragraphs 1 through 16 are hereby stricken from said contract as executed effective
September 24, 1997, and hereby replaced by the following paragraphs numbered 1
through 16 inclusive:
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 55 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 contracting
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 JULY 1, 1966.
5. Benefits being received under the local system on July 1, 1966 by persons retired
for disability shall be continued by the Public Employee's Retirement System at
the rate provided in the local system in accordance with Section 20481 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 retirement reduced by the
worker's compensation payments, each month during the retired person's
entitlement to such payments.
b. A $500 death benefit payable upon death of the retired person described
above.
6.. Public Agency, in accordance with Section 20685 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 which represent 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. This contract shall be a continuation of the contract of the San Gabriel Valley Fire
Authority.. A portion of the function of the San Gabriel Valley Fire Authority has
been transferred to the City of West Covina. The accumulated contributions,
assets and liability for prior and current service shall be merged pursuant to
Section 20508 of the Government Code. Such merger occurred February 1, 1989.
9. The percentage 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 21354 of said Retirement Law (2% at age 55 Full).
10. The percentage 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 21362 of said Retirement Law (2% at age 50 Full).
11. Public Agency elected and elects to be subject to the following optional
provisions:
• a. Section 21571 (Basic Level of 1959 Survivor Benefits) for local
miscellaneous members and local police members only.
b. Section 21583 (Second Opportunity to Elect 1959 Survivor Benefits).
Legislation repealed said Section effective September 27, 1979.
C. Section 21536 (Local System Service Credit Included in Basic Death
Benefit).
d. Section 20903 (Two -Years Additional Service Credit), Statutes of 1976.
Legislation repealed said Section effective January 1, 1979.
e. Sections 21624 and 21626 (Post -Retirement Survivor Allowance) for local
safety members only.
f. Section 20042 (One -Year Final Compensation).
g. Section 21572 (Increased Level of 1959 Survivor Benefits) for local fire
members only.
h. Section 20965 (Credit for Unused Sick Leave).
i. Section 21622 ($600 Retired Death Benefit) for local fire members only..
j. Section 21024 (Military Service Credit as Public Service), Statutes of
1976 for local safety members only.
k. Section 20903 (Two Years Additional Service Credit) for local
miscellaneous members only.
12. Public Agency, in accordance with Government Code Section 20790, ceased to be
an "employer" for purposes of Section 20834 effective on September 16, 1977.
Accumulated contributions of Public Agency shall be fixed and determined as
provided in Government Code Section 20834, and accumulated contributions
thereafter shall be held by the Board as provided in Government Code Section
20834.
13. Public Agency shall contribute to said Retirement System the contributions
determined by actuarial valuations of prior and future service liability with respect
to local miscellaneous members and local safety members of said Retirement
System.
14. Public Agency shall also contribute to said Retirement System as follows:
a. A reasonable amount, as fixed by the Board, payable in one installment
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.
b. A reasonable amount, as fixed by the Board, payable in one installment 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.
15. 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.
16. Contributions required of Public Agency and its employees shall be paid by
Public Agency to the Retirement System within fifteen 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 day of , 19
Q.
BOARD OF ADMINISTRATICtI CITY COUNCIL
PUBLIC EMPLOYEES' REI�MENT SYSTEM OF THE
�a ' CITY OF WEST COVINA
BY
KENNETH W
ACTUARIAL
PUBLIC EMP]
DN, CHIEF
OYER SERVICES DIVISION
'RETIREMENT SYSTEM
1_.:Vi
PRESIDING OFFICER
Witness Date
�4
Attest: by
wn
AMENDMENT
PERS-CON-702A (Rev. 8V96)
Clerk ';`f
•
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
on i/4,/o 7 /1 u
date)
City Council ofthe
(governing body)
City of West Covina
(public agency)
Clerk/Secretary
City Clerk
Title
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916)326-3420
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
I hereby certify that in accordance with Section 7507 of the Government Code the future annual
costs as determined by the System Actuary and/or the increase in retirement benefit(s) have been
made public at a public meeting of the City Council
. (governing body)
of the
City of West Covina
(public agency)
on �/ which is at least two weeks prior to the adoption of the
(date
Resolution/Ordinance.
Clerk/Secretary
City Clerk
Title
Date �f kI