HomeMy WebLinkAboutReso 67-1993RESOLUTION NO. 67-93
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN THE BOARD
OF ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF
THE CITY OF SOUTH SAN FRANCISCO
WHEREAS, the Public Employees' Retirement Law permits the
participation of public agencies and their employees in the Public
Employees' Retirement System by the execution of a contract, and
sets forth the procedure by which said public agencies may elect to
subject ~hemselves and their employees to amendments to said Law;
and
WHEREAS, one of the steps in the procedureS to amend this
contract is the adoption by the governing body of the public agency
of a resolution giving notice of its intention to approve an
amendmen~ to said contract, which resolution shall contain a
summary of the change proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 20930.3
Credit as Public Service)
members only.
(Military Service
for local police
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of South San Francisco does hereby give notice of intention to
approve an amendment to the contract between the city Council of
the City of South San Francisco and the Board of Administration of
the Public Employees' Retirement System, a copy of said amendment
being attached hereto, as Exhibit "A" and by this reference made a
part hereof.
I hereby certify that the foregoing Resolution was regularly
introduced and adopted by the City Council of the City of South San
Francisco at a regular meeting held on the 23rd day of
June , 1993 by the following vote.
AYES:
Councilmembers Jack Draao, Joseph A. Fernekes, John R. Penna,
Robert Yee, and Mayor Roberta Cerri Teqlia
NOES: None
ABSTAIN: None
ABSENT: None
PERS.Amd
,"I. DO NOT SIGN "EXJtlBIT ONLI*'
EXHIBIT A TO RESOLUTION NO. 67-93
AIVIFAN'DlVlENT TO CONTRACT
BETWEEN ~
BOARD OF ADMINISTRATION
OF THE
CITY COUNCIL
OF THE
CITY OF SOUTH SAN FRANCISCO
COPY
The Board of AdminLqration, Public Employees' Retirement System, hereinafmr referred to as Board,
and the governing body of above public agency, hereinafter referred to as Public Agency, having entered
into a contract effective September 1, 1945, and witne~ed September 12, 1945, and as amended effective
September 1, 1949, December 1, 1953, January 1, 1960, January 1, 1963, February 1, 1967, January
1, 1968, January 1, 1969, November 1, 1973, April 19, 1974, January 21, 1977, November 11, 1977,
December '_9, 1980, August 23, 1985, January 23, 1987, December 22, 1989 and January 1, 1992,
which prov'des for participation of Public Agency in said System, Board and Public Agency hereby agree
as follows:
Paragraphs 1 through 12 are hereby stricken from said contract as executed effective January 1,
1992, and hereby replaced by the following paragraphs numbered I through 12 inclusive:
All words and terms used herein which are defined in the Public Employees' 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.
Public Agency shall participate in the Public Employees' Retirement System from and
after September. 1, 1945 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 said Law hereafter enacted except those, which by express provisions
thereof, apply only on the election of a contracting agency.
Employees of Public Agency in the following classes shall become members of said
Retirement System except such in each such class as are excluded by law or this
agreement:
a. Local Fire Fighters (herein refen'ed to as local safety members);
b. Local Police Officers (herein referred to as local safety members);
Employee~ other than local safety members (herein referred to as local
miscellaneous members).
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:
PERSONS WHO ARE COMPENSATED ON AN HOURLY BASIS
WHO ARE EMPLOYED JANUARY 1, 1963 OR AFFER.
EXHIBIT 'A' - Page 1 of 3 pages
10.
IX) NO1' SIGN
The percentage of final compensation to be provided for local mi._~:ellaneous members for
each year of credited prior and current service shall be determined in accordance with
Section 21251.13, subject to the reduction provided therein for service on and after
August 18, 1959 for members whose service has been included in Federal Social Security
(2% at age 60 Full and Modified).
The percentage 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).
Public Agency elected to be subject to the following optional provisions:
Sections 21380 - 21387 (1959 Survivor Benefits) excluding Section 21382.2
(Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959
Survivor Benefits) for local miscellaneous members only.
Section 21222.1 (Special 5% Increase - 1970). Legislation repealed said Section
effective January 1, 1980.
c. Sections 21263 and 21263.1 (Post-Retirement Survivor Allowance).
d. Section 20930.3 (Military Service Credit). Statutes of 1976 for local
miscellaneous members and local police members only.
e. Section 20024.2 (One-Year Final Compensation) for local safety members only.
f.
Sections 21380 - 21387 (1959 Survivor Benefits) including Section 21382.4
(Third Level of 1959 Survivor Benefits) for local safety members only.
g. Section 20862.8 (Credit for Unused Sick Leave) for local fire members only.
Public Agency, in accordance with Government Code Section 20740, ceased to be an
'employer" for puq~oses of Section 20759 effective on November 11, 1977.
Accumulated contributions of Public Agency shall be fixed and determined as provided
in Government Code Section 20759, and accumulated contributions thereaf~'r shall be
held by the Board as provided in Government Code Section 20759.
Public Agency shall contribute to said Retirement System the contributions determined
by actuarial valuations of prior and future service liability with respect to local
miscellaneous members and local safety members of said Retirement System.
Public Agency shall also contribute to said Retirement System as follows:
Public Agency shall contribute $2.50 per employee, per month on account of the
liability for the 1959 Survivor Program provided under Section 21382.4 of said
Retirement Law. (Subject to annual change.) In addition, all assets and
liabilities of Public Agency and its employees shall be pooled in a single account,
based on term insurance rates, for beneficiaries of all local safety members.
EXHIBIT "A' - Page 2 of 3 pages
bo
A reasonable amount, as fixed by the Board, payable in one installment within
60 days of da~e 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 re~luired by law.
A reasonable amount, as fixed by the Board, payable in one installment 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.
11.
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.
12.
Contributions required of Public Agency and its employees shall be paid by Public
Agency to the Retirement System within fifteen 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 correct 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. TLis amendment shall be effective on the
day of ,19
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
cnv
OF THE~_
CITY OF~YFH
BY
SAN FRANCISCO
Presiding O~r
Witness Date
Attest:
Clerk
PERS-CON-702 (AMENDMENT)
(Rev. 10/92)
EXHIBIT "A" - Page 3 of 3 pages