The URL can be used to link to this page

Home My WebLink AboutCC Ord 872 1972-06-12 I I l .' '. . . ORDINANCE NUMBER ~ AN ORDINANCE OF THE CITY OF SEAL BEACH AMENDING THE CODE OF THE CITY OF SEAL BEACH AUTHORIZING AN AMENDMENT TO THE CONTRAC:r BE'lWEEN THE CITY COUNCIL AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. The City Council of the City of Seal Beach does ordain as follows: Section 1. That an amendment to the Contract between the City Council of the City of Seal Beach 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 Seal Beach is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. Section 3. This Ordinance shall take effect thirty (30) days after the date of its adoption, and prior to the expiration of thirty (30) days from the passage thereof shall be posted in accordance with Code of the City of Seal Beach, Section 2-7.1, and thenceforth and thereafter the same shall be in full force and effect. PASSED, APPROVED, AND ADOPTED by the City Council of theFY of Seal Beach at a meeting thereof held on the ~~ day 0 1972, by the following vote: AYES: councilme~/J<~ &1JP'P~'dA.}d/..h""~ J~~.//A .I ..J ' NOES: Councilmen '?7 d71..l-/ ATTEST: Councilmen 7J.A-Yl.t../ /VJ~~~ Mayor I, JERDYS W:::I;"l, r.rrv !'.1 """( "" ._, '''- ~~" ...~ !'..-.' REAr.~-I, DO HEf'-",,! . -'0-'_( r ':- -,,' ... ---.-. : "D..,A".....,. '<' n, '_00 '.00..' r'.... -." fi1;J. Oi~ II.r..'..... ,..' . . .~_. AND'''ASr....~... "" ".._-" """~E " ~- I , -. .." I.. r;" ,. ~J - ,-= z. '," ::.... ~r... NO... _..m.ON 11;,,~.!~_:..D.., 0 t ,_ . ,~.~~...._m... CITY CLERK "\ I' ~. 1 I Ordinance Number AMENDMENT TO CONTBACT BmlEEN THE BOARD OF ADlIINISTRATION PUBLIC EMPLOYEES' RETIRI!24EN'l' SYSTEM AND THE crn COUHCn. OF THE CITY OF SEAL BEACH .' The Board ot Adm1n1st.rat.ion, Publlc Fmp).oJeee' RBt.1rement. S:PBtBIII, here1Datter reterrecl to as Board and t.he CITY COUNCIL ot the CITY OF SEAL BEACH, here1Datter referred t.o as Publio !genC7 haY1ng entered blt.o a cont.ract UIlller date ot Aprll 28, 1958, eftective June 1, 1958, and as amended August 1, 1968, and as prov1d.ecl by Chapter 170, Stat.ut.ee ot 1971 and Chapter 316, stat.ut.ee ot 1971, which provid.ee tor part,ioipat.ion ot Publlc !gImC7 bl ea1d S18t.BIII, Board and PubUc Asf.enc7 hereby agree as to11on: A. Paragraphs 1 through 10 are hereby et.r1cken. from said cont.ract. as 8XBCIUt.ed ettect.ive June 1, 1958 and are hereby replaced. by t.he tolJ.o1d.ng paragraphs numbered 1 through 9 inclusive: 1. All wrde and t.81'1118 used herein 1lbioh are det1nBd in the PubUo ~- eee' RBt.irement law Bhall have t.he meaning ae det1ned t.herebl unleee otherw1Be epec1t1c~ prov1ded. "Normal retirement ege" ehall IIIll8I1 ege 60 tor m1Bcellaneous lIIBIIIbere and ege 55 tor local eatet.7 members. 2. Public AgenC7 Bhall part.icipate bl the Public &apl.oJ'eee' RBt.1rement SJ'Bt.BIII from and atter June 1, 1958, "",'rillg it.e 8IIIpl.oJeee as herein- attar prov1ded, l11811bers ot ea1d BJ8tBIII subject. to all provis1oDB ot t.he Public ~, RBt.1rBIIIent law except euch ae appq ~ on election ot a oont.ract.lng asenC7 &11I1 are not. provid.ed. tor herein and t.o all a~te t.o ea1d law hereafter enacted except euch as by .....Y" eee provision t.hereot aPJil7 onq on t.he election of cont.ractlng agenc1ee. 3. ElDpl.oyeee ot PubUc Asena7 in the tollo1f1ng claseee Bhall become mem- bere ot ea1cl RBt.1r-.......d. s,etBIII except such in each euch clase as are excluded by law or this agreement: a. local t1I'emeD (herein referrecl to QB local eatet7 m_1ters); b. local pollcemen (herebl reterrecl to as local eatet.7 IIIBIIIbereh c. ~e other t.han local t1remen and local poUcemen (herebl reterrecl to as m1Bcellaneous 1IIBIIIbere). The tollo1f1ng emploJ'eoe ehall be excluded trom lIIBIIIberBh1p bl eaid RBt.1rement S18tBIII: EXCLUDE PERSONS Cl>>IPENSATED ON AN HOURLY BASIS HIRED AUGUSl 1, 1968, OR APTER. RBt.. Form 702-1 ,I'. . - Ordinance Number' . ," 4. The fraction of final compensat.ion to be provided for each 7e&1" of cred1t.ed prior and cUJ'l'8l1t. service as a m1scellaneous DlBlllber upon ret1rement at nol'lllal ret1relllent age shall be 1/50 and shall be appUsd as J8'OV1ded :In Section 21251.13 of said Retiremlla.t Law with service pr10r to the t8l'lll1Dat.ion of Social Secur1t)" coverage subject to t.he maditication set forth :In said section. 5. The fraction of final cCllllJl8DSation to be provided tor each 7e&1" of credited pr10r and CU1"l'ent service as a local eatet)" member shall be determ1ned :In accordance with Section 2l2S2.5 of said Retirement. Law. 6. Contributions tor m1scellaneous and loaal eatet)" IIlIlIIIbers shall be subject to Sect10ns 20603 and 20601respectiveq of said RetiremBnt Law. 7. Public Agenay shall ccmtribute to said Retirement System as follows I I a. With 1'88pect to m1scellaneous memNqos. the publlc agenClJ' shall contribute the fo1low1Jlg percentages of monthq salaries earned as m1scellaneous I11811bere of said Syst8lll: (1) 0.68 percent until June 30, 2000 on account 01 the llabUit)" fcr prior serv1ce benefits. (2) 7.65 percent on account of the llabUit)" for CUI'l'ent semes benefits, said percentage being fixed by Section 20'750.1 of the Ret1rem8nt Law. b. With respect to local eatet)" members. the publio agency shall ccmtribute the fol1ow1ng percentages of monthq salaries earned as local eatet)" I118111bers of said S;VSt.8III: (1) 10.429 percent. on acoount of the l1ab1l1t)" fol' cUl'l'Bllt service benefUs. c. A reasonable amount. per annum, as t1xed by Boa1'll to cover the costs of .."mift4ster1ng said 8;vstem as it affects the IlIIIp10Jees of Publlc AgenCJ7. not including the coet.s of special valuations or the periodical :Investigation and valuation required by law. d. A reaeonable amount. as fixed by the Board, pa;yable :In one install- DI8Jlt as t.he occasions 8I'i8e. to COWl' coats of special valuat.ions 1 on account of empl.oJees of Publio AgenCJ". and costs of the period- ical :In'V88tigation and valuation required by law. 8. Contributions required of Publlc AgenCJ' and its employees shall be subject to adjust.ment by Board on account of amendments to the Public EIII.pl.oyees I Retb'ement. Law, and on account of expez1ence under the Retirement 8;vstem, as determ1ned by the periodical :In'V88tigation and valuation required by said Retirement Law. Ret. Fom 702-2 ,I. .. I 1 Ordinance Number 9. Contribut1ons requirel1 of Pllblic AgeDOJ' and its emJllo7ees shall be paid by PIIblic Agency to the Betirement S78tem within th1rt7 clqB after the end of the per10d to which sa1d contribut1ons reter. It IIID1'8 or less than the correct 8111Dunt of contribut1on is paid for SfrI per1cx1. proper adjUlltment shall be made in conneot1on with subsequent rem1ttances or ad,1ustment on account of errors in contribut1.oDs requirel1 of SfrI emplo;ree mq be made by direct cash PQlD8Dts bet_en the emp1.oJ8es and Board. PQlll8Dts by' PIIblic AgenOJ' to Board mq be made in the form of warrants. bank checks. bank drafts. cert1f'iecl chec1cs. DJon81 orders. or cash. ...:I~ dqot B. ~~t. shall be effective on the ~ 1'17"" . Wltnees our hands th1s due- dq of ~'~-t'e.-;~u ~ 197~-. BOAm> OF ADMnJISTRATION PUBLIC I!HPIDlEES' llErIREMENT SYSTEM: CITY COUNCIL OF THE CITY OF SEAL BEACH 4ff~~ 1 E. Plqne. 1 Officer B!~A'_/ -'~ _a-- s1d1Dg Officer Attest: - Bet. Form 702-3