HomeMy WebLinkAboutReso 83-1996RESOLUTION NO. 83-96
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 themselves 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
amendment 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 2% @ 55 Full and Modified formula for
local miscellaneous members.
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 South San Francisco
and the Board of Administration of the Public Employees' Retirement
System, a copy of said amendment being attached hereto, as an
"Exhibit" 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 r~gu]ar meeting held on the 22nd day of
M~y , 1996 by the following vote:
AYES:
Councilmembers Joseph A. Fernekes, Eugene R. Mullin, John R.
Penna, Robert Yee and Mayor Jack Drago
NOES: N0ne
ABSTAIN: N0ne
ABSENT: None
PERS .2 %
City Clerk
RESOLUTION NO. 83-96
EXHIBIT
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF SOUTH SAN FRANCISCO
The Board of Administration, Public Employees' Retirement System, hereinafter 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 witnessed 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 19, 1980, August 23, 1985, January 23, 1987, December 22, 1989, January 1, 1992, October
9, 1993 and April 23, 1994, which provides 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 April 23,
1994, and hereby replaced by the following paragraphs numbered 1 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 55 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 referred to as local safety members);
b. Local Police Officers (herein referred to as local safety members);
Employees 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 AFTER.
PLEASE DO
"EXHIBIT ONLY"
10.
The percentage 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 21354 of said Retirement Law subject to the reduction provided therein for
Federal Social Security (2% at age 55 Modified and Full).
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
21362 of said Retirement Law (2% at age 50 Full).
Public Agency elected and elects to be subject to the following optional provisions:
ao
Section 21571 (Basic 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 21624 and 21626 (Post-Retirement Survivor Allowance).
d. Section 21024 (Military Service Credit as Public Service), Statutes of 1976.
e. Section 20042 (One-Year Final Compensation) for local safety members only.
fo
Section 21573 (Third Level of 1959 Survivor Benefits) for local safety members
only.
g. Section 20965 (Credit for Unused Sick Leave) for local fire members only.
Public Agency, in accordance with Government Code Section 20790, ceased to be an
"employer" for purposes of Section 20834 effective on November 11, 1977.
Accumulated contributions of Public Agency shall be fixed and determined as provided
in Government Code Section 20834, and accumulated contributions thereafter shall be
held by the Board as provided in Government Code Section 20834.
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 $2.00 per member, per month on account of the
liability for the 1959 Survivor Benefits provided under Section 21573 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 survivors of all local safety members.
A reasonable amount, as fixed by the Board, payable in one installment 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.
c. 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 contiibutions 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. This amendment shall be effective on the
BOARD OF ADMINIS,T, RATION
PUBLIC EMPLOYEES RETIREM~,x~YSTEM
BY
CHIEF ACTUARY~
ACTUARIAL O.E~FI.@E
PUBLIC EM~f~EES' RETIREMENT SYSTEM
day of ,19
CITY COUNCIL
OF THE
CITY OF SOUTH SAN FRANCISC~
Presiding Officer
Witness Date ~k.~&..
Attest: .~.~.
Clerk
AMENDMENT
PERS-CON-702A (Rev. 1/96)
Ill ¸i