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Home My WebLink AboutOrd 102 AMEP.; BY OM Ft5,1;,L3.5, ORDINANCE NO. 102 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. The city council of the City of Cathedral City does ordain as follows: SECTION 1. That an amendment to the Contract between the City Council of the City of Cathedral City and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said Contract 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 Cathedral City is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. SECTION 3. EFFECTIVE DATE. This ordinance shall be in full force and effect thirty (30) days after passage. SECTION 4. POSTING. The City Clerk shall within 15 days after the passage of this ordinance, cause it to be posted in at least the 3 public places designated by resolution of the City Council; shall certify to the adoption and posting of this ordinance; and shall cause this ordinance and its certification, together with proof of posting, to be entered in the book of ordinances of this City. The foregoing ordinance was approved and adopted at a meeting of the City Council held on February 6 , 1985 by the following vote: Ayes: Councilmembers Martin, Murphy, Paquette, Krings, and Mayor Smith Noes: None Absent: None �(- MAYOR ATTEST CI Y CLERK APPROVED AS TO FORM: A140 ED • S TO CONTENT: CI Y TORNEY _ I ' MANAGER 000651 • Exhibit "A" AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY 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 October 10, 1982, and witnessed September 1, 1982, which provides for partici- pation 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 October 10, 1982, and hereby replaced by the following paragraphs numbered 1 through 11 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 members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after October 10, 1982 making its employees as herein- after 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 mem- bers 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). 000652 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: NO ADDITIONAL EXCLUSIONS 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 fraction 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 21252.01 of said Retirement Law (2% at age 50 Full). 7. The following additional provisions of the Public Employees' Retire- ment Law, which apply only upon election of a contracting agency, shall apply to the Public Agency and its employees: a. Section 20835.1 (Limits prior service to members employed on con- tract date), for local safety members only. 8. Public Agency, in accordance with Section 20759.1 Government Code, shall not be considered an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law. Contributions of the Public Agency shall be fixed and determined as provided in Section 20759, Government Code, and such contributions hereafter made shall be held by the Board as provided in Section 20759, Government Code. 9. 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 monthly salaries earned as local miscellaneous members of said Retirement System: ( 1 ) 0.049 percent until June 30, 2003 on account of the lia- bility for prior service benefits. (2) 7.573 percent until June 30, 2000 on account of the lia- bility for current service benefits. b. With respect to local safety members, the agency shall contribute the following percentages of monthly salaries earned as local safety members of said Retirement System: (1) 0.37.9 percent until June 30, 2002 on account of the lia- bility for prior service benefits. (Subject to annual change. ) 000653 (2) 20.476 percent until June 30, 2011 on account of the lia- bility for current service benefits. (Subject to annual change. ) 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. 10. 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. 11. 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 cor- rect 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 6th day of 19 85 • Y February Witness our hands the 6th day of February 1985 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF CATHEDRAL CITY BY BY SIDNEY C. McCAUSLAND, Presiding Officer EXECUTIVE OFFICER Approved as to form: Attest: � (")i1 �� • ■ Margaret .4-Hoehn, gal Office, Dat� , � kg al PERS CON-702 000654 I HPE CERTIFY THAT THE FOREGOING ORDINANCE NO. WAS DULY ADOPTED BY THE CITY COUNCIL OF `> " C1 U/TILED t!L CITY, CALIFORNIA, IN A I,E_gI iG TIIEPFOF rj D ON THE low`" DAY G 1GS�2, A"ID i A Sitfa WAS POSTED IN AT LEAST THE THREE PUBLIC PLACES SPE'C;F;E FOR SUCH POSTINGS, BY THE SAID CITY COUNCIL CITY CLERK 000655