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Home My WebLink About0981ORDINANCE NO. 981 (1983 Series) AN ORDINANCE OF THE CITY OF SAN LUIS OBSIPO APPROVING AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO 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' 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 of San Luis Obispo is hereby author- ized, empowered, and directed to execute said amendment for and on behalf of said Agency. Section 3. A summary of this Ordinance, approved by the City Attorney, together with the ayes and noes, shall be published at least three (3) days prior to its final passage in the Telegram- Tribune, a newspaper published and circulated in said City, and the same shall go into effect at the expiration of thirty (30) days after its said final passage. A copy of the full text of this ordinance shall be on file in the Office of the City Clerk on and after the date following introduction and passage to print and shall be available to any interested member of the public. INTRODUCED AND PASSED TO PRINT by the Council of the City of San Luis Obispo at a meeting held on the 3rd. day of May , 1983, on motion of Councilman Settle , seconded by Councilman Dunin , and on the following roll call vote: AYES: Councilmembers Settle, Dunin, Dovey, Griffin and Mayor Billig NOES: None ABSENT: None 0 981 Ordinance No. 981 ATTEST: CIT CLE K PA-ME-LAaOGEY APPROVED: Cit Administrative Of cer City Attorney Finance Director (1983 Series) ax,ou a600JJ4 Rcilgl� Personnel Directo Public Employees' Retirement System Post Office Box 1953 Sacramento, CA 95809 (916) 445 -6570 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 have been made public at a public meeting by the City Council of governing body City of San Luis Obispo _ at least two weeks prior to the adoption of public agency the public retirement plan benefits. PERS- CON -12A (Rev. 12/81) Cit Clerk Official Title EXHIBIT "A" AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMIFTSTRATION PUBLIC EMPLOYEES' RETIREIwiENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO The Board of Administration, Public Employees' Retirement System, herein - after referred to as Board, and the governing body of above public agency, here- inafter referred -to as Public Agency, having entered into a contract effective July 1, 1952, and witnessed June 9, 1952, and as amended effective July 1, 1952, October 1, 1362, October 3, 1963, October 1, 1974, June 1, 1976, December 1, 1976, December 20, 1978, January 16, 1980, May 1, 1980 and July 1, 1980, which provides for participation of Public !Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 10 are hereby stricken from said contract as executed effective July 1, 1980, 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 Employ- ees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 60 for local miscellaneous and age 55 for local safety members. 2. Public Agency shall participate in the Public. Employees' Retirement System from and after July 1, 1952 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 sa.id Law hQreafter enacted except such as by express provisions thereof apply only on the election of contracting agencies. ?. Employees of Public Agency in the following classes shall become mem- bers of said Retirement Systera except such in each such class as are excluded by law or this agreement: a. Local Firemen (herein referred to as local s,,afety members); b. Local Policemen (herein referred to as local safety members); C. 'rmployees other than local safety members (herein referred to as local miscellaneous members). Tri 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: CROSSING GUARDS 4. The fraction of final compensation to be provided for each year of cre- dited prior and current service as a local- miscellaneous member shall be determined in accordance with Section 21251.13 of said Retirement I„aw (2,% at age. 60 Full) . 5. The fraction of final compensation to be provided for each year of cra -- dited prior and current service as a local safety member shall be do-- termined in accordance with Section 21252.6 of said Retirement Law (2' at age 55 Full). a. Paragraph 5 shall not apply to those local safety members who elect to continue under the provisions of Section 21252.1 within 90 days of this amendment to contract. 6. The following additional provisions of the Public Employees' Retire- ment Lew which apply only upon election of a contracting agency shall apply to the Public Agency and its employees: a. Oections 21,..80 -21767 (1959 Survivors Program) excluding Section 21:82.2 (increased 1959 Survivors benefits). b. Sections 212.63!21263.1 (Post - retirement survivor allowance) for local safety members only. C. Section 20862.8 (Unused sick leave credit). d. Section 20?52.5 (Age SO voluntary retirement) for local safety members only. e. Section 20024.2 (One -year final compensation). 7. Public Agency, in accordance with Section 20"40, Government Code, ceas- ;e,l to be -,in "employer" for purposes of Chapter 6 of the Public Employ- ees' Retirement Lnw effective on June 1, 1976. Accumulated contribu- tions of Public Agency as of the aforementioned date shall. be fixed =:.nd determined as provided in Section 2 0' 759, Government Code, -end ac- cumulated contributions as of the aforementioned date and contribu- tions thereafter made: shall be held by the Board as provided in Sec- tion 20'59 . Government Code. o. Public Agency Chalj. contribute to said Retirement System as follows: With respect to miscellaneous members, thc: :agency sh, ^11 contri- buto the following percentages of monthly salaries earned as mis- ce:ll_,neous members of said Retirement Sygtcm: (1) 11.057 percent until June '0, 2000 on account of the liability for current servic(: ben( ,-fits. (2) 0.06)7 percent, on account of the liability for tiie 1�5� Survivor Program. b. With i tpect to local safety members, ti,e agency shall contribute the following percentages of monthly salaries earned as local safety members of said. Retirement System: I j 21 .203 percent until June `;U, 2000 on account of the liability for current service benefits. C. A reasonable amount, as fixed by the Board, payable in one instal- lment within 60 days of date of contract to cover the costs of ad- ministering said System as it affects the employees of Public Ag- ency, not including the costs of special valuations or of the per- iodic investigation and valuations required by law. d. A reasonable amount as fixed by the Board, payable in one instal- lment as the occasions arise, to cover the costs of special valua- tions on account of employees of Public Agency, and costs of the periodic investigation tind valuations required by law. 9. Contrilutions required of Public Agency and its employees shall be sub- ject to adjustment, by Board on account of amendments to the Public Em- ployees' Retirement Law, and on account of the experience under the Re- tirement System as determined by the periodic investigation and valua- tion 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 af- ter 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, or adjust - mants on account, of errors in contributions required of any employee may be made by direct cash payments between the omployee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bunk drafts, certified checks, money orders or cash. P. Thus :.Liendment shall be attached to said contract and shall be effective on the first day of July r Igaa. Witness our hands the - `" day of BOARD OF ADMTNTSTRATION PIJBL 7C MKPLOYE?±S' RS- IREr.ENT �MTEE BY CARL J. CHItdGER, EX , TIVL OFFICER ir Approved as to form: Margaret J(- iio(rhn, e' al Office, 'Date CITY C0U"1CI U OF The CITY OF SAN LTT:i ()E.!.Pi S BY Pr es ' ing Officer at`.rsC: i L: Cl rk PERS CON -702 ORDINANCE NO. 981 (1983 Series) FINALLY PASSED this 17th day of May , 1983, on motion of Councilman Settle seconded by Councilman Griffin and on the following roll call vote: AYES: Councilmembers Settle, Griffin, Dovey and Vice -Mayor Dunin NOES: None ABSENT: Mayor Billig Vie ayoroRon(,Du iin. j_ig ATTEST: /2� �A Ci y Clerk Pamela 601rzs