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ORDINANCE NO. 648 (1975 Series)
AN ORDINANCE OF THE CITY OF SAN LUIS OBISPO
AUTHORIZING AN AMENDMENT TO THE CONTRACT
BETWEEN THE CITY OF SAN LUIS OBISPO AND THE
BOARD OF ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOYEES' RETIREMENT SYSTEM.
BE IT ORDAINED by the Council of the City of San Luis
Obispo as follows:
SECTION 1. That an amendment to the Contract between
the City Council of the City of San Luis Obispo and the.
Board of Administration, California Public Employees' 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 of San Luis Obispo is
hereby authorized, empowered, and directed to execute said
amendment for and on behalf of said Agency.
SECTION 3. This Ordinance, together with the ayes and
noes, shall be published once in full, at least three days
prior to its final passage, in the Telegram- Tribune, a news-
paper published and circulated in said City; and the same
shall go into effect at the expiration of thirty days after
its said final passage.
INTRODUCED AND PASSED TO PRINT by the Council of the City
of San Luis Obispo at a Regular Meeting thereof held on the
15th day of September, 1975, on motion of Councilman Gurnee,
seconded by Councilman Petterson, and on�the following roll
call vote:
Ordinance No. 648 2 (1975 Series)
AYES: Councilmen Graham, Gurnee, Norris and Petterson
NOES: None
ABSENT: Mayor Schwartz
s/ Myron Graham
Mayor Pro -Tem
ATTEST:
H, FjrZ?ATRICK
City Clerk
P
EXHIBIT A
AMENDMENT TO CONTRACT BEBVEEN THE
BOARD OF ADI4INISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF SAN LUIS OBISPO
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board and the:CITY COUNCIL...of'..the CITY OF SAN LUIS OBISPO, herein-,
after referred to as Public Agency having entered into. a contract under date of
June 9, 1952, effective July 1, 1952, as- amended effective July.l, 1952, October
11 1962, October 3, 1963, and October 1, 1974, and,as provided by Chapters 170
and 316, statutes of 1971, which provide for participation of Public Agency in-,
said System, Board and Public Agency .hereby..agree_as.follows:
A. The following subparagraph shall--be added---to-Paragraph 6-of said contract:
6 (c) Section 20862.8 (providing service..credit_at retirement for unused
sick leave ) for-miscellaneous members.
B. Paragraph 6.5 shall be added to-said-contract:
6.5 Public Agency, in accordance.with Section 20740.,.Government Code,_..
shall cease to be an "employer"--for-purposes-of Chapter 6 of the
Public Employees' Retirement Law.. effective as of the effective date
of this amendment to-this contract.- Accumulated contributions of
the Public Agency as of the date -of such amendment shall be fixed
and determined as provided in- .Section 20759, Government Code, and
such accumulated contributions-and contributions hereafter made
shall be held by the Board as= _provided in Section 20759, Government
Code. -
C. Paragraph 7 (a) shall be'stricken from said contract and the following
paragraph 7 (a) shall be substituted-therefor::--.-
7. Public Agency shall contribute.to. said Retirement System as follows:
a. With respect to miscellaneous members, the public agency shall
contribute the following percentages of monthly salaries earned
as miscellaneous members of said System:--.
Ret. Form 702 -1
(1) 2.40 percent until June 30, 1980 on account of the
liability for prior service benefits.
(2) 6.73 percent on account of the liability for current
service benefits.
(3) 0.34 percent on account of the liability for the 1959
survivor program.
D. This amendment shall be attached to said contract and shall become effec-
tive on the day of
Witness our hands this day. of
BOARD OF ADMINISTRATION =_- CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM __.._ _:.OF THE
CITY OF SAN LUIS OBISPO ,
t, N
BY BY
Carl J. Blechinger, Executive Officer Presiding Officer'
Attest4' f;
Clerk
Approved as to form:
Lloyd C. Graybill, Administrative Adviser
Ret. Form 702 -2
0
FINALLY PASSED this lsr day of October , 1976 ,
by the following roll, call vote:
AYES: Councilmen Graham, Gurnee and Petterson
NOES: None
ABSENT: Councilman Norris and Mayor Schwartz
s/ Myron Graham
MAYOR PRO TEM MYRON GRMVkM
ATTEST:
s/ J.H. Fitzpatrick
CITY CLERK J.H. FITZPATRICK