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HomeMy WebLinkAbout02/29/2000, C8 - RESOLUTION TO CORRECT AN ERROR/OMISSION IN THE CONTRACT WITH THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM °� council . j a►cjcnoa uEpont C8� C I T Y OF SAN LU I S OBISPO FROM: Ann Slate, Director of Human Resourcesi Prepared By: Karen Jenny,Risk Managerk/4/ SUBJECT: RESOLUTION TO CORRECT AN ERROR/OMISSION IN THE CONTRACT WITH THE PUBLIC EMPLOYEES'RETIREMENT SYSTEM CAO RECOMMENDATION Adopt a resolution authorizing an amendment to correct an error/omission in the contract with the Public Employees' Retirement System(PERS). DISCUSSION On October 5, 1999, the Council granted final passage to Ordinance No. 1356 (1999 Series) amending the contract with PERS to provide Level 4 of the 1959 Survivor Benefit and Military Service Credit as Public Service for Police safety members, effective November 5, 1999. It was recently discovered that PERS inadvertently omitted the Military Service Credit as Public Service provision from the contract documents prepared by PERS. A resolution is required to correct the error. ATTACHMENTS Resolution CS-1 RESOLUTION N0. (2000 Series) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO AUTHORIZING AN AMENDMENT TO CORRECT AN ERROR IN THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO WHEREAS, the City Council of the City of San Luis Obispo, hereinafter referred to as "Public Agency", and the Board of Administration of the Public Employees' Retirement System entered into a contract effective July 5, 1952, providing for the participation of Public Agency in the Public Employees' Retirement System; and WHEREAS, said contract was amended effective November 5, 1999. Due to an inadvertent error/omission, "Paragraph 7h" should have been included to read "Section 21024 (Military Service Credit as Public Service)for local police members only"; and WHEREAS, Section 20472 of the Government Code provides that errors in any contract may be corrected through amendments approved by adoption of suitable resolutions by the contracting parties. NOW, THEREFORE, BE IT RESOLVED that said governing body of Public Agency authorizes, and it does hereby authorize, a contract error amendment to said contracts effective November 5, 1999, and January 7,2000,as follows: A. Paragraph 7h of said contract shall be added as follows: Section 21024 (Military Service Credit as Public Service) for local police members only. BE IT FURTHER RESOLVED, that the presiding officer of the governing body of Public Agency is hereby authorized, empowered, and directed to execute said amendment for and on behalf of Public Agency. Upon motion of ,seconded by and on the following roll call vote: AYES: NOES: ABSENT: the foregoing resolution was adopted this day of .2000. C8-2 Resolution No. (2000 Series) Page 2 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF SAN LUIS OBISPO BY BY KENNETH W. MARZION, CHIEF MAYOR ALLEN SETTLE ACTUARIAL&EMPLOYER SERVICES DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM ATTEST: Lee Price,City Clerk APPROVED AS TO FORM: Pop. J gens C' Attorney CS-3