HomeMy WebLinkAbout87-19 Authorizing Amendment to Contract between City of Costa Mesa and Board of Admin of CALPERSORDINANCE NO. rl
PN ORDINANCE CF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AUTHORIZING AN AMENDMENT
TO THE CONTRACT BETIVEEN THE CITY OF COSTA MESA
AND THE BOARD CF ADMINISTRATION CF THE CALIFORNIA
PUBLIC EMPLOYEES' RETIREMENT SYSTEM.
THE CITY COUNCIL CP THE CITY CF COSTA MESA DOES HEREBY ORDAIN AS
EOLLO►AB :
SECTION 1. That an anendment to the contract between the City Council
of the City of Costa Mesa and the Board of Administration, California
Public Employees' Retirement System is hereby authorized, a copy of said
amendment being attached hereto marked Exhibit 'W', and by such reference
made a part hereof as though herein set out in full.
SECTION 2. The City Clerk cf the City Council of the City of Costa
Mesa is hereby authorized, empowered, and directed to execute said amend -
trent for and on behalf of said Agency.
SECTION 3. This Ordinance shall take effect and be in full force
thirty (30) days from and after the passage thereof, and prior to the
expiration of fifteen (15) days from its passage shall be published once in
the ORANGE CCIAST DAILY PILOT, a newspaper of general circulation, printed
and published in the City of Costa Mesa or, in the alternative, the City
Clerk may cause to be published a summary of this Ordinance and a certified
copy of the text of this Ordinance shall be posted in the office of the
City Clerk five (5) days prior to the date of adoption of this Ordinance,
and within fifteen (15) days after adoption, the City Clerk shall cause to
be published the aforementioned summary and shall post in the office of
the City Clerk a certified copy of this Ordinance together with the names
of the members of the City Council voting for and against the sam.
PASSED AND ADOPTED this *24day o
ATTEST:
ity Clerk of the City of C 06
Mesa
STATE CF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF CJSTA MESA )
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and fore-
going Ordinance No. was introduced and considered section by
sect' ntar ular meting of said City Council held on the ff.64 day
of & , 1987, and thereafter passed and adopted as a whole
at u r meting -of said City Council held on the c3/4t day of
1987, by the following roll call vote:
AYES: COUNCIL MEMBERS: X"
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
IN WITNESS WHEREOF, I have hereunto set my and a d ff' ed the Seal
of the City of Costa.Mesa this day of 1987.
CITy Clerk and ex -officio Clerk of t
_ = City Council of the City of Costa M a
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF TH E
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF 'THE
CITY OF COSTA MESA
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
August 13, 1978, and witnessed August 7, 1978, and as amended effective July
15, 1979, which provides 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 July 15, 1979, and hereby replaced by the following paragraphs
numbered 1 through 10 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.
2. Public Agency shall participate in the Public Employees' Retirement
System from and after August 13, 1978 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. 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. ALL SAFETY EMPLOYEES.
5. 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 (2% at age 60 Full).
6. 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:
a. Section 20024.2 (One -Year Final Compensation).
b. Section 20862.8 (Unused Sick Leave Credit).
C. Sections 21263 and 21263.1 (Post -Retirement Survivor Allowance).
d. Sections 21380 - 21387 (1959 Survivor Program) including Section
21382.2 (Increased 1959 Survivor Benefits) and Section 21382.4
(Third Level of 1959 Survivor Benefits).
7. Public Agency, in accordance with Government Code Section 20759, shall
not be considered an "employer" for purposes of the Public Employees'
Retirement Law. Contributions of the Public Agency shall be fixed and
determined as provided in Government Code Section 20759, and such
contributions hereafter made shall be held by the Board as provided in
Government Code Section 20759•
8. 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) 7.060 percent until June 30, 2000 on account of the
liability for current service benefits. (Subject to annual
change.)
b. Public Agency shall contribute $3.50 per employee on account of
the liability for the 1959 Survivor Program provided under
Section 21382.4 of said Retirement Law. (Subject to annual
change.) In addition, all assets and liabilities of Public
Agency and its employees shall be pooled in a single account,
based on term insurance rates, for beneficiaries of all local
miscellaneous members.
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.
9. 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.
10. 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 11th day of
Qe,*Q eY . 19_ $Z_.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
SANDRA C. LUND
ASSISTANT EXECUTIVE OFFICER
BENEFIT SERVICES
PERS-CON-702 (AMENDMENT)
(Rev. 9/86)
CITY COUNCIL
OF
C Y OF COSTA M SA
BY f �-
Presiding Officer
�9F 7
Witn s Date
Attest:
Clerk