HomeMy WebLinkAbout2002/06/20 - Agenda Packet - Budg Adopt AGENDA
RANCHO CUCAMONGA
CITY COUNCIL
Special Meeting
June 20, 2002 - 5:30 p.m.
Council Chambers
10500 Civic Center Drive
Rancho Cucamonga, California
A, CALLTO ORDER
1. Roll Call:
Alexander , Biane , Curatalo , Dutton , Williams __
B, CONSENT CALENDAR
The following Consent Calendar item(s) are expected to be routine and non-controversial.
They will be acted upon by the Council at one time without discussion. Any item may be
removed by a Councilmember or member of the audience for discussion.
1. APPROVAL OF A RESOLUTION RESCINDING RESOLUTION NO. 01-129 AND
IMPLEMENTING SALARY AND BENEFITS ADJUSTMENTS FOR FISCAL YEAR 2002/2003
Page f
RESOLUTION NO. 02-197
Page 2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, RESCINDING RESOLUTION NO. 01-129 AND
IMPLEMENTING SALARY AND BENEFITS FOR FISCAL YEAR 2002/2003
C. PUBLIC HEARINGS
The following items have no legal publication or posting requirements. The Chair will open
the meeting to receive public testimony.
1. ADOPTION OF FISCAL YEAR 2002/2003 BUDGET AND ARTICLE XlII-B APPROPRIATIONS
LIMIT Page 40
RESOLUTION NO. 02-198
Page 42
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, ADOPTING THE CITY'S FISCAL YEAR
2002/2003 BUDGET
City Council Agenda
June 20, 2002
Page 2
RESOLUTION NO. 02-199
Page 44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, ESTABLISHING AN APPROPRIATIONS LIMIT
PURSUANT TO ARTICLE XIII-S OF THE CALIFORNIA STATE CONSTITUTION
FOR FISCAL YEAR 2002/2003
2. CONSIDERATION OF RESOLUTION OF INTENTION TO AMEND CONTRACT WITH
CALPERS TO PROVIDE SECTION 21354.4 (2.5% FULL FORMULA) AND CONSIDER THE
ESTABLISHMENT OF THE PARS RETIREMENT SYSTEM PLAN TO BE ADMINISTERED BY
PHASE SYSTEMS, PARS TRUST ADMINISTRATOR Page 46
RESOLUTION NO. 02-200
Page 47
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, ADOPTING A RESOLUTION OF INTENTION TO
APPROVE AN AMENDMENT TO CINTRACT BETWEEN THE BOARD OF
ADMINISTRATION, CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT
SYSTEM AND THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA
ORDINANCE NO. 683 (first reading)
Page '109
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA AUTHORIZING AN AMENDMENT TO THE
CONTRACT BETWWEEN THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOUEES' RETIREMENT SYSTEM TO PROVIDE SECTION
21354.4 (2.5% @ 55 FULL FORMULA) FOR LOCAL MISCELLANEOUS
MEMBERS
D. ITEM OF DISCUSSION
1. APPROVAL OF ANNUAL LOAN TRANSACTION BETWEEN THE CITY OF RANCHO
CUCAMONGA AND THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY Page111
E. COMMUNICATIONS FROM THE PUBLIC
This is the time and place for the general public to address the City Council. State law
prohibits the Council from addressing any issue not previously included on the agenda. The
Council may receive testimony and set the matter for a subsequent meeting. Comments are
to be limited to five minutes per individual.
F. ADJOURNMENT
I, Debra J. Adams, City Clerk of the City of Rancho Cucamonga, hereby certify that a true,
accurate copy of the foregoing agenda was posted on June 18, 2002 per Government Code
54954.2 at '10500 Civic Center Drive, Rancho Cucamonga, California.
TH E C I T Y 0 F
Staff Report
TO: Mayor and Members of the City Council
Jack Lam, City Manager
FROM: Lawrence I. Temple, Administrative Services Director
DATE: June 20, 2002
SUBJECT: Approval to Adopt a Resolution of the City Council of the City of
Rancho Cucamonqa, California, Rescindin.q Resolution No. 01-129
and Implementing Third Year Provisions of the Memorandum of
Understandinq fMOU) for Fiscal Year 2002-2003
RECOMMENDATION
It is recommended that the City Council approve the attached resolution rescinding
resolution No. 01-129 and implementing the third year provisions of the Memorandum of
Understanding (MOU) for fiscal year 2002-2003.
BACKGROUND
Annually the City approves adjustments to the Personnel Salary Resolution.
On July 5, 2000 the City Council approved a three-year labor contract with employee
associations, which calls for salary and benefits adjustments during the term of the
contract. The attached Salary and Benefits Resolution implements the contract
provisions for fiscal year 2002-2003. These have been budgeted and will take effect
July 1,2002.
Respectfully Submitted,
Lawrence I. Temple
Administrative Services Director
Attachment
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, RESCINDING RESOLUTION 01-'129
AND IMPLEMENTING THIRD YEAR PROVISIONS OF THE
MEMORANDUM OF UNDERSTANDING (MOU) FOR FISCAL YEAR
2002/2003
WHEREAS, the City Council of the City of Rancho Cucamonga has determined that it is
necessary for the efficient operation and management of the City that policies be established
prescribing salary ranges, benefits, and holidays and other policies for employees of the City of Rancho
Cucamonga; and
WHEREAS, the City Council of the City of Rancho Cucamonga recognizes that it
competes in a marketplace to obtain qualified personnel to perform and provide municipal services,
and that compensation and conditions of employment must be sufficiently attractive to recruit and retain
qualified employees,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rancho
Cucamonga, California, as follows:
Please Continue to the Next Page
Resolution No.
Page 2 of 13
SECTION 1: Salary Ranges
ASSIGNMENTS OF CLASSIFICATIONS TO PAY RANGES
Effective July 1, 2002
Minimum Control Point Maximum
Class Title Step Amount Step Amount Step Amount
Account Clerk 4369 2,386 4409 2,912 4419 3,061
Account Technician 4410 2,927 4450 3,573 4460 3,756
Accountan~ 3456 3,681 3496 4,493 3506 4,723
, Accounting Manager* 2516 4,964 2556 6,060 2566 6,370
Accounts Payable Supervisor~ 3446 3,502 3486 4,275 3496 4,493
Accounts Services Supervisor# 3485 4,254 3525 5,193 3535 5,458
Administrative Secretary~ 4412 2,956 4452 3,609 4462 3,793
Administrative Services Director+ 1604 7,775 1644 9,491 1674 11,023
Administrative Services Manager* 2544 5,708 2584 6,969 2614 8,093
Assistant City Manager+ 1637 9,166 1677 11,189 1707 12,995
Assistant Engineed¢ 3478 4,108 3518 5,014 3528 5,271
Assistant Planne~ 3466 3,869 3506 4,723 3516 4,965
Assistant RDAAnalyst~ 3445 3,484 3485 4,254 3495 4,471
Assistant to the City Manager* 2534 5,431 2574 6,630 2584 6,969
Associate Engineer# 3508 4,771 3548 5,824 3558 6,122
Associate Park Planner~ 3478 4,108 3518 5,014 3528 5,271
Associate Planner~ 3485 4,254 3525 5,193 3535 5,458
Benefits Technician 4385 2,584 4425 3,154 4435 3,316
BudgetAnalyst~ 3485 4,254 3525 5,193 3535 5,458
Building Inspection Supervisor~ 3491 4,383 3531 5,350 3541 5,624
Building Inspector~ 4451 3,591 4491 4,384 4501 4,608
Building & SafetyOfficial+Y 1573 6,661 1613 8,132 1643 9,444
Business License Clerk 4372 2,422 4412 2,956 4422 3,107
Business License Program Coordinatod¢ 3416 3,015 3456 3,681 3466 3,869
Business License Technician 4402 2,812 4442 3,433 4452 3,609
Buyer~ 3433 3,282 3473 4,006 3483 4,211
City Engineer+ 1594 7,397 1634 9,030 1664 10,487
City Manager+ 1663 10,435 1703 12,739 1733 14,795
CityPlanner+Y 1572 6,628 1612 8,091 1642 9,397
Code Enforcement Officer 4436 3,332 4476 4,068 4486 4,276
Code EnforcementSupervisor¢~ 3466 3,869 3506 4,723 3516 4,965
Community Development Director+Y 1612 8,091 1652 9,878 1682 11,472
Community Services Director+ 1590 7,250 1630 8,851 1660 10,280
Community Svc Marketing Manager* 2529 5,297 2569 6,466 2579 6,797
Community Services Officer 4409 2,912 4449 3,555 4459 3,737
Community Services Technician 4424 3,139 4464 3,832 4474 4,027
Deputy City Clerk# 3432 3,265 3472 3,986 3482 4,190
Deputy City Engineer* 2563 6,276 2603 7,661 2613 8,053
Deputy City Manager+ 1597 7,508 1637 9,166 1667 10,645
Emergency Preparedness Coordinator~ 3483 4,211 3523 5,141 3533 5,404
Emergency Preparedness Specialist 4426 3,170 4466 3,870 4476 4,068
Engineering Aide 4418 3,046 4458 3,719 4468 3,909
Engineering Technician 4438 3,366 4478 4,109 4488 4,319
Environmental Program Analyst~ 3493 4,427 3533 5,404 3543 5,680
Equipment Operatorz 5411 2,941 5451 3,590 5461 3,773
Resolution No.
Page 3 of 13
Class Title Step Amount Step Amount Step Amount
Equipment Services Supervisor~ 3441 3,415 3481 4,169 3491 4,383
Executive Assistant* 2448 3,536 2488 4,317 2498 4,538
Facilities Superintendent* 2530 5,323 2570 6,499 2580 i 6,831
Facilities Supervisod¢ 3474 4,026 3514 4,915 3524 5,167
Finance Officer+ 1577 6,795 1617 8,296 1647 9,634
Finance Specialist 4402 2,812 4442 3,433 4452 3,609
FleetSupervisor~ 3474 4,026 3514 4,915 3524 5,167
GISAnalyst-# 4450 3,573 4490 4,362 4500 4,585
GIS/Special District Superviso~ 3510 4,818 3550 5,882 3560 6,183
GIS Technician 4430 3,234 4470 3,946 4480 4,150
information Systems Analyst-# 3499 4,561 3539 5,568 3549 5,853
Information Systems Manager* 2548 5,823 2588 7,109 2598 7,473
Information Systems Specialist 4450 3,573 4490 4,362 4500 4,585
integrated Waste Coordinator* 2533 5,404 2573 6,597 2583 6,934
Inventory Specialist EquipmentJMat2 5381 2,532 5421 3,091 5431 3,249
Junior Buyer 4411 2,942 4451 3,591 4461 3,775
Junior Engineer 4448 3,538 4488 4,319 4498 4,540
Junior Engineering Aide 4398 2,757 4438 3,366 4448 3,538
Landscape Designer~ 3463 3,811 3503 4,653 3513 4,891
Lead Maintenance Worke? 5421 3,091 5461 3,773 5471 3,966
Librarian I# 3433 3,282 3473 4,006 3483 4,211
Librarian Il# 3455 3,662 3495 4,471 3505 4,700
Library Assistant I# 3363 2,315 3403 2,826 3413 2,970
Library Assistant Il# 3404 2,840 3444 3,467 3454 3,644
Library Clerk 4346 2,127 4386 2,597 4396 2,729
Library Director+ 1578 6,829 1618 8,337 1648 9,683
Library Page 4231 1,199 4271 1,463 4281 1,538
Library Page II 4280 1,530 4320 1,868 4330 1,964
Library Services Manager* 2504 4,676 2544 5,708 2554 6,000
Maintenance Coordinator 5438 3,364 5478 4,107 5488 4,317
Maintenance Supervisor~ 3474 4,026 3514 4,915 3524 5,167
Maintenance Workerz 5383 2,557 5423 3,122 5433 3,282
Management Aide 4426 3,170 4466 3,870 4476 4,068
Management Analyst I# 3456 3,681 3496 4,493 3506 4,723
Management Analyst I1# 3485 4,254 3525 5,193 3535 5,458
Management Analyst II1# 3502 4,630 3542 5,652 3552 5,941
Mechanicz 5424 3,138 5464 3,830 5474 4,026
Mechanic's Assistantz 5377 2,482 5417 3,030 5427 3,185
Office Services Clerk 4355 2,225 4395 2,716 4405 2,855
Office Specialist I 4335 2,013 4375 2,458 4385 2,584
Office Specialist II 4355 2,225 4395 2,716 4405 2,855
Park/Landscape Maintenance Supt.2 2530 5,323 2570 6,499 2580 6,831
Personnel Services Coordinator# 3457 3,699 3497 4,516 3507 4,747
Personnel Clerk 4375 2,458 4415 3,001 4425 3,154
Plan Check Manager Building* 2516 4,964 2556 6,060 2566 6,370
Plan Check Manager Fire* 2516 4,964 2556 6,060 2566 6,370
Planning Commission Secratary#$ 3432 3,265 3472 3,986 3482 4,190
Planning Specialist 4443 3,451 4483 4,212 4493 4,428
Planning Technician 4423 3,123 4463 3,812 4473 4,007
Resolution No.
Page 4 of 13
Class Title Step Amount Step Amount Step Amount
Plans Examinen~ 3475 4,047 3515 4,940 3525 5,193
PoLice Clerk** 4350 2,170 4390 2,649 4400 2,784
Principal Planner* 2535 5,458 2575 6,663 2585 7,003
Public Services Technician I 4399 2,771 4439 3,382 4449 3,555
Public Services Technician II 4409 2,912 4449 3,555 4459 3,737
Public Works Engineer*z 2533 5,404 2573 6,597 2583 6,934
Public Works Inspector Iz 4430 3,234 4470 3,948 4480 4,150
Public Works Inspectorllz 4450 3,573 4490 4,362 4500 4,585
Public Works Inspector II NPDESz 4450 3,573 4490 4,362 4500 4,585
Public Works Maintenance Manager* 2560 6,182 2600 7,547 2610 7,933
Public Works Safety& InventoryCoord~ 3466 3,869 3506 4,723 3516 4,965
Pumhasing Clerk 4368 2,374 4408 2,898 4418 3,046
Pumhasing Manager* 2530 5,323 2570 6,499 2580 6,831
Receptionist 4345 2,116 4385 2,584 4395 2,716
Records Clerk 4344 2,106 4384 2,571 4394 2,702
Records Coordinator 4372 2,422 4412 2,956 4422 3,107
Records Manager/City Clerk+ 1545 5,793 1585 7,072 1615 8,213
Recreation Coordinator 4443 3,451 4483 4,212 4493 4,428
Recreation Superintendent* 2529 5,297 2569 6,466 2579 6,797
Recreation Supervisor~ 3473 4,006 3513 4,891 3523 5,141
RedevelopmentAnalys~ 3475 4,047 3515 4,940 3525 5,193
Redevelopment Technician 4413 2,971 4453 3,627 4463 3,812
Redevelopment Director+ 1585 7,072 1625 8,633 1655 10,027
Revenue Clerk 4359 2,270 4399 2,771 4409 2,912
Risk Management Coordinator~ 3456 3,681 3496 4,493 3506 4,723
Secretary~ 4382 2,545 4422 3,107 4432 3,266
Senior Account Technician 4433 3,283 4473 4,007 4483 4,212
SeniorAccountant~ 3485 4,254 3525 5,193 3535 5,458
Senior Administrative Secretary~ 4432 3,266 4472 3,987 4482 4,191
Senior Building Inspector'~ 3471 3,967 3511 4,842 3521 5,090
Senior Civil Engineer* 2543 5,680 2583 6,934 2593 7,289
Senior Information Systems Analyst-# 3529 5,297 3569 6,467 3579 6,798
Senior Information Systems Specialist 4487 4,297 4527 5,246 4537 5,514
Senior Librarian# 3466 3,869 3506 4,723 3516 4,965
Senior Maintenance Worker~ 5393 2,688 5433 3,282 5443 3,449
Senior Park Planner~ 3490 4,361 3530 5,324 3540 5,596
Senior Planner* 2515 4,940 2555 6,030 2565 6,339
Senior Plans Examiner~ 3490 4,361 3530 5,324 3540 5,596
Senior Redevelopment Analyst* 2505 4,699 2545 5,737 2555 6,030
Senior Special Districts Technician 4430 3,234 4470 3,948 4480 4,150
Signal & Lighting Coordinator~ 5465 3,849 5505 4,699 5515 4,940
Special DistrictsAnalys~ 3485 4,254 3525 5,193 3535 5,458
Special Districts Technician 4424 3,139 4464 3,832 4474 4,027
Stadium Events Manager* 2541 5,623 2581 6,865 ,2591 7,216
Street/Storm Drain Maintenance Supt*z 2530 5,323 2570 6,499 2580 6,831
Supervising Public Works Inspectorfl7 3480 4,149 3520 5,065 3530 5,324
Traffic Engineer* 2555 6,030 2595 7,362 2605 7,738
Resolution No.
Page 5 of 13
Part Time Positions Step Amount Step Amount Step Amount
Account Clerk 6368 13.69 6408 16.71 6418 17.56
Crossing Guard 6240 7.23 : 6280 8,83 6290 9.28
Instructor/Guard I 6240 7.23 6280 8.83 6290 9.28
Instructor/Guard II 6280 8.83 6320 10.78 6330 11.33
Library Aide 6231 6.91 6271 8.44 6281 8.87
Librarian I 6433 18.93 6473 23.11 6483 24.29
Library Assistant I 6362 13.29 6402 16,22 6412 17.05
Library Assistant II 6404 16.38 6444 20.00 6454 21.02
Admin. Intem 6320 10.78 6360 13.15 6370 13.83
Assistant Pool Manager 6305 9.10 6345 12.21 6355 12.83
Library Clerk 6346 12.27 6386 14.98 6396 15.74
Library Page 6231 6.91 6271 8.44 6281 8.87
Library Page II 6280 8.83 6320 10.78 6330 11.33
Maintenance Technician2 6280 8.83 6320 10.78 6330 11.33
Office Specialist I 6332 11.44 6372 13,97 6382 14.68
Planning Aide 6320 10.78 6360 13.15 6370 13.83
Pool Manager 6329 11.27 6369 13.76 6379 14.46
Program Specialist 6311 10.30 6351 12.58 6361 13.22
Receptionist 6342 12,03 6382 14.68 6392 15.43
Records Clerk 6344 12,15 6384 14.83 6394 15.59
Records Coordinator 6372 13,97 6412 17.05 6422 17,92
Recreation Attendant 6237 7.12 6277 8.70 6287 9.14
Recreation Assistant 6266 8.23 6306 10.05 6316 10.56
Recreation Leader 6290 9,28 6330 11.33 6340 11.91
** This classification when assigned to shifts other than day shift shall have additional pay of 40 cents
per hour.
1. When acting as Clerk to Commissions $50 paid per night or weekend day meeting. Compensatory
time off can be substituted in lieu of $50 at the option of the employee.
2. Up to $150 provided annually toward purchase of approved safety footwear from a city designated
vendor,
$ Denotes the $50 paid per night or weekend day meeting discontinues when this position is vacated
as long as this position is classified supervisory/professional.
Y Denotes positions subject to a modified salary based on market survey and the internal application
of compensation factors. Y-rates will only be applied in the second and third years ofthe new three
year labor contract.
# Denotes Supervisory/Professional Class
* Denotes Management Class
+ Denotes Executive Class
Resolution No.
Page 6 of 13
SECTION 2: SAI-ARY STRUCTURE
Executive Management employees wilt be assigned to salary ranges which are no
less than 20% (40 salary code steps) below the control point and no more than 15%
(30 salary code steps) above the control point. All other employees will be assigned
to salary ranges which are no less than 20% (40 salary code steps) below the control
point and no moro than 5% (10 salary code steps) above the control point. Actual
salary within the range is determined by performance, achievement of goals and
objectives, or for recent appointments, growth within the position.
SECTION 3: THREE TIERED MANAGEMENT PROGRAM
Employees designated as either Professional/Supervisory, Management, or
Executive Management are not eligible for overtime pay, or compensatory
time for working hours over and above the normal daily work schedule.
Employees so designated shall be entitled to all benefits provided to general
employees and the following:
Supervisory/Professional
A. Administrative leave to a maximum of 50 hours per fiscal
year. Days off must be approved by appropriate
supervisor, after successful completion of six months
service within this classification.
B. Life insurance policy of an additional $20,000.®.
C. Deferred compensation program of 2% of salary.
Manaqement
A. Administrative leave to a maximum of 75 hours per fiscal
year. Days off must be approved by appropriate
supervisor, after successful completion of six months
service within this classification.
B. Life insurance policy of an additional $20,000.®.
C. Deferrod compensation program of 4% of salary.
Executive Mana.qement
A. Administrative leave to a maximum of 100 hours per fiscal
year. Days off must be approved by appropriate
supervisor, after successful completion of six months
service within this classification.
B. Life insurance policy of an additional $45,000.®.
C. Deferrod compensation program of 6% of salary.
D. Automobile allowance of $400.® per month if a City
vehicle is not provided.
Resolution No.
Page 7 of 13
SECTION 4: LIFE INSURANCE
The City provides $30,000.® base coverage of life insurance for all
employees. Employees who want to purchase additional life insurance
coverage with personal funds may do so at the City's group rate.
SECTION 5: HEALTH INSURANCE
The City provides health insurance plans available to all full time continuous
salaried employees and elected officials. The City agrees to average the
cost of medical insurance for all current employees as one group, providing
for no additional payment by employees for coverage through June 30, 2003.
The City will provide the following amounts for premium payments for all.full
time employees hired after July 1, 1994.
A. Up to $372.® per month effective 7/1/00
B. Up to $407.® per month effective 7/1/01
C. Up to $457.® per month effective 7/1/02
For Executive Management employees hired after July 1,1994, the City shall
pay up to $337.® a month for medical insurance.
SECTION 6: RETIREE MEDICAL
Employees who retire at the age of 55 or above with ten years of service with
the City of Rancho Cucamonga can pay for medical insurance at a group
rate through the City until 18 months prior to the age of 65 at which time they
can convert to Cobra.
SECTION 7: DENTAL INSURANCE
The City shall provide a dental insurance plan for all full-time continuous
salaried employees and elected officials. The City agrees to average the
cost of dental insurance for all full time continuous salaried employees and
elected officials through June 30, 2003.
SECTION 8: OPTICAL INSURANCE
The City shall provide an optical insurance plan for all full-time continuous
salaried employees and elected officials. The City agrees to average the
cost of optical insurance for all full time continuous salaried employees and
elected officials through June 30, 2003.
Resolution No.
Page 8 of 13
SECTION 9: BEREAVEMENT LEAVE
When a death occurs in the family of a full time employee, the employee
shall be granted up to five (5) bereavement leave days with pay. A death
certificate or other acceptable evidence may be required by the department
head before ~eave is allowed. Family members are defined as follows:
employee's spouse, employee's parents, employee's grandparents,
employee's children, employee's siblings, or employee's grandchildren,
employee's spouse's parents, employee's spouse's grandparents,
employee's spouse's siblings, employee's spouse's children, employee's
spouses grandchildren, or a blood relative residing with employee. The
department head and the City Manager shall approve such bereavement
leave.
SECTION 10: PERSONAL LEAVE
Employees can use up to 20 hours of accrued sick leave, vacation,
administrative leave or holiday time as personal leave. This 20 hours can be
used incrementally (i.e., 1 hour, 1/2 hour) throughout the fiscal year. Llse of
this time is for situations requiring the employee's attention and needs to be
cleared with their supervisor when using this time. Personal leave can be
taken after six months service.
SECTION 11: VACATION
All full-time emp[oyees shall, with continuous service, accrue working hours
of vacation monthly according to the following schedule. Vacation can be
taken after six months service.
Length of Service Hours Accrued Annual Hours
in Years Per Pay Period Accrued
1 3.077 80
2 3.461 90
3 3.846 100
4 4.230 110
5 4.615 120
6-8 5.000 130
9 5.384 140
10 5.769 150
11-13 6.153 160
14 6.538 170
15+ 6.923 180
Resolution No.
Page 9 of 13
SECTION 12: VACATION BUYBACK
City to provide the cash value of 40 hours of vacation leave annually in
November. Employees must maintain a minimum of 80 hours of accrued
vacation subsequent to any payment of vacation buy back time. Employees
who wish to buy back vacation must request payment of not more than or
less than 40 hours.
SECTION 13: SICK LEAVE
All full-time employees shall, with continuous service, accrue 120 hours of
sick leave annually. Sick leave can be taken after six months service.
SECTION 14: SICK LEAVE BUYBACK
Employees who terminate their city employment after 5 years of continuous
service and have at least 50% of five years' sick leave accrued on the books
upon termination can sell 120 hours back to the City.
SECTION 15: HOLIDAYS
The City Offices shall observe the following 14 holidays. All full time
continuous salaried employees shall be compensated at their regular rate for
these days.
¢) July4 Independence Day
(2) First Monday of September Labor Day
(3) November 11 Veteran's Day
(4) Last Thursday of November Thanksgiving Day
(si Day following Thanksgiving (Floater)
(6) December 24 Day preceding Christmas (Floater)
(?) December25 Christmas Day
(8) January 1 New Years Day
(8) Third Monday of January Martin Luther King's Birthday
¢0) Third Monday of February President's Day
(~) Last Monday of May Memorial Day
02I Three discretionary days may be taken by an employee at
his/her convenience after six months service subject Io
approval of the department head. Days may not be
carried over from one fiscal year to the next.
Whenever a holiday falls on a Sunday, the following Monday shall be
observed as a holiday. Whenever a holiday falls on a Friday or Saturday,
the preceding Thursday shall be observed as the holiday. When a
holiday combination occurs (Thanksgiving, Christmas, etc) where two
consecutive days are holidays and it would result in the City Hall being
open to serve the public only 2 days during the week, only one of the
holidays will be observed and the other holiday will become a floating
Resolution No.
Page 10 of 13
holiday. For example, for Thanksgiving, Thursday will be observed as
the regular holiday, however Friday will become a floating holiday to be
used at a later date. For Christmas, Wednesday will be observed as the
regular holiday, however Tuesday (the day preceding Christmas) will
become a floating holiday to be used at a later date. In the instance of
Thanksgiving, Christmas, or New Years, employees will have until June
30 to use those floating holidays accrued between Thanksgiving and
New Years. Also, those days will not accrue as floating holidays until the
actual holiday has occurred. Each year the City will designate which
days will be observed and which are floating holidays.
Employees who are eligible to bank a holiday have until June 30 (end of
fiscal year) to use the banked holiday earned from July 1 through April
30. Any holiday banked in May and June, employees have until
September 30 to use the banked holiday.
SECTION 16: HOLIDAY TIME
The City agrees that employees who are assigned to work on a holiday,
whether or not their regular shift assignment requires they work that day, are
eligible for pay at time and one-half for working that day. This time and one-
half may be taken as compensation or put in a compensatory time off bank,
(in effect, compensating at double time and one-half). That rate of
compensation is tallied as follows: The ten hours compensation for the
holiday, plus compensation at time and one-half for the hours actually
worked. This payment at time and one-half abrogates the employees right to
that holiday.
SECTION 17: PREMIUM HOLIDAY COMPENSATION
Maintenance employees required as part of the regular work assignment to
work on Christmas Day, New Years Day, Independence Day or Thanksgiving
Day, are allowed to observe the holiday on another day. Additionally, these
employees who work on the aforementioned designated holidays may select
to receive compensation on that holiday at time and one-half for the ten hour
shift, or take a second holiday as time off at a later date.
SECTION 18: NATAL AND ADOPTION LEAVE WITHOUT PAY
Employees are granted up to four months natal and adoption leave for the
birth or adoption of a child. Employees on this leave of absence without pay
will be responsible for the payment of medical, dental and optical premiums
to keep the coverage in force during the leave of absence.
SECTION 19: NATAL AND ADOPTION LEAVE WITH PAY
Employees are granted up to 2 days natal and adoption leave with pay for
the birth or adoption of a child. Any paid time required beyond this initial 2
days must be charged to sick leave, vacation, compensatory or floating
holiday time.
Resolution No.
Page 11 of 13
SECTION 20: MILITARY LEAVE
Employees required to serve military leave will be compensated pursuant to
the Military and Veterans'Code. To qualify for compensation the military
orders must be submitted to the supervisor prior to their tour of duty and
must be attached to the timecard for that pay period.
SECTION 21: MILITARY SERVICE BUY BACK
Employees have the option for military service buy back at the employee's
expense.
SECTION 22: OVERTIME - MAINTENANCE
The City agrees that employees who are sent home to rest and to be
available to work additional hours as a result of a storm or impending
emergency situation and are not subsequently recalled to work, will be
compensated for the hours not worked in that shift, due to them having been
sent home, to bring the total hours to 10 worked in that shift.
Employees who are subsequently recalled to work the storm or emergency
situation will work no more than 12 consecutive hours. Any hours worked in
excess of 10 in that 12 hour shift will be paid at time and one-half, regardless
of the total numbers of compensated hours for that work week.
SECTION 23: STANDBY PAY
Employees required td be on standby shall be compensated at the rate of
$150.® per week.
SECTION 24: SAFETY FOOTWEAR
The City will provide up to $150.00 annually toward the purchase of safety
footwear at a city designated vendor for employees required to wear safety
footwear as part of their job responsibilities.
SECTION 25: Retirement Benefit
City to provide the employees' contribution for CalPERS 2.5% @ 55
retirement formula and supplemental benefit through PARS Phase II
Retirement System. The new retirement formula and the supplemental plan
shall become effective December 1, 2002.
SECTION 26: TUITION REIMBURSEMENT
A. City shall provide all regular full time employees for tuition
reimbursement who meet cdteria outlined in tuition
reimbursement policy up to a maximum of $750.® per
person per fiscal year.
B. The amount of tuition reimbursement for Executive
Management employees shall be $250.® per person per
fiscal year, provided they meet the criteria outlined in
tuition reimbursement policy.
Resolution No.
Page 12 of 13
SECTION 27:4/10 WORKWEEK
The City will operate on a 4/10 work week, hours 7 am to 6 pm, Monday
through Thursday.
SECTION 28: CARPOOL BANKED HOURS
Employees who are eligible to bank 1/2 hour carpool time have until June 30
(end of fiscal year) to use the banked hours earned from July 1 through April
30. Any carpool hours banked in May and June, employees have until
September 30 to use the banked time.
SECTION 28: BI-L~NGUAL PAY
Employees who qualify for bi-lingual pay will be provided at $50.® per month.
SECTION 29: CITY MANAGER'S CONTRACT
The City Manager's contract #89-037 is renewed for fiscal year 2002 - 2003.
SECTION 30: CITY COUNCIL o CalPERS
City Councilmembers have the option to join CalPERS; City Councilmembers
are eligible for a $400.® per month car allowance; the Mayor for $550.® per
month.
SECTION 31: CONFIDENTIAL EMPLOYEES
Confidential employees are designated as such when an employee in the
course of his or her duties, has access to information relating to the City's
administration of employer-employee relations. Employees designated as
confidential employees may not act as representatives of employee
organizations which represent other employees of the City. The employees
designated as confidential employees are as follows:
Personnel Services Coordinator Administrative Secretary
Personnel Clerk Senior Administrative Secretary
Benefits Technician Risk Management Coordinator
Account Technician - Payroll Deputy City Clerk
Office Specialist II - Admin Svc Records Clerk
Secretary Records Coordinator
Planning Commission Secretary Executive Assistant
SECTION 32: EFFECTIVE DATE
The provisions of this resolution are effective July 1,2002.
Please See the Following Page for Adoption and Signatures
Resolution No.
Page 13 of 13
PASSED, APPROVED, AND ADOPTED this 20th day of June 2002.
AYES: Alexander, Biane, Curatalo, Dutton, Williams
NOES: None
ABSENT: None
ABSTAINED: None
William J. Alexander, Mayor
A'rrEST:
Debra J. Adams, CMC, City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution was duly passed, approved and
adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular
Meeting of said City Council held on the 20th day of June 2002.
Executed this 20th day of June 2002, at Rancho Cucamonga, California.
Debra J. Adams, CMC, City Clerk
EXECUTIVE MANAGEMENT
SALARY TABLE
July 1, 2OO2
Hourly Bi-Week~ Monthly Rate Adjustment
Range # Rate Rate
1541 32.7628 2621.0233 5,678
1542 32.9266 2634.1285 5,707
1543 33.0913 2647.2991 5,735
1544 33.2567 2660.5356 5,764
1545 33.4230 2673.8383 5,793
1546 33.5901 2687.2075 5,822
1547 33.7581 2700.6435 5,851
1548 33.9269 2714.1467 5,880
1549 34.0965 2727.7174 5,910
1550 34.2670 2741.3560 5,939
1551 34.4383 2755.0628 5,969
1552 34.6105 2768.8381 5,999
1553 34.7836 2782.6823 6,029
1554 34.9575 2796.5957 6,059
1555 35.1323 2810.5787 6,089
1556 35.3079 2824.6316 6,120
1557 35.4845 2838.7548 6,150
1558 35.6619 2852.9485 6,181
1559 35.8402 2867.2133 6,212
1560 36.0194 2881.5493 6,243
1561 36.1995 2895.9571 6,274
1562 36.3805 2910.4369 6,305
1563 36.5624 2924.9891 6,337
1564 36.7452 2939.6140 6,369
1565 36.9289 2954.3121 6,400
1566 37.1136 2969.0836 6,432
1567 37.2992 2983.9291 6,465
1568 37.4857 2998.8487 6,497
1569 37.6731 3013.8429 6,529
1570 37.8615 3028.9122 6,562
1571 38.0508 3044.0567 6,595
1572 38.2410 3059.2770 6,628
1573 38.4322 3074.5734 6,661
1574 38.6244 3089.9463 6,694
1575 38.8175 3105.3960 6,728
1576 39.0116 3120.9230 6,761
1577 39.2086 3136.5276 6,795
1578 39.4027 3152.2102 6,829
1579 39.5997 3167.9713 6,863
1580 39.7977 3183.8111 6,898
1581 39.9967 3199.7302 6,932
1582 40.1967 3215.7288 6,967
1583 40.3976 3231.8075 7,002
1584 40.5996 3247.9665 7,037
1585 40.8026 3264.2063 7,072
1586 41.0066 3280.5274 7,107
1587 41.2117 3296.9300 7,143
1588 41.4177 3313.4147 7,178
5/28/2002 Page 1
/3
EXECUTIVE MANAGEMENT
SALARY TABLE
Julv I 2002
Hourly Bi-;t~eek~ Monthly
Range # Rate Rate Rate Adjustment
1589 41.6248 3329.9817 7,214
1590 41.8330 3346.6316 7,250
1591 42.0421 3363.3648 7,287
1592 42.2523 3380.1816 7,323
1593 42.4636 3397.0825 7,360
1594 42.6759 3414.0679 7,397
1595 42.8893 3431.1383 7,433
1596 43.1037 3448.2940 7,471
1597 43.3193 3465.5355 7,508
1598 43.5358 3482.8631 7,546
1599 43.7535 3500.2774 7,583
1600 43.9723 3517.7788 7,621
1601 44.1922 3535.3677 7,659
1602 44.4131 3553.0446 7,698
1603 44.6352 3570.8098 7,736
1604 44.8584 3588.6638 7,775
1605 45.0826 3606.6072 7,814
1606 45.3081 3624.6402 7,853
1607 45.5346 3642.7634 7,892
1608 45.7623 3660.9772 7,931
1609 45.9911 3679.2821 7,971
1610 46.2210 3697.6785 8,011
1611 46.4521 3716.1669 8,051
1612 46.6844 3734.7477 8,091
1613 46.9178 3753.4215 8,132
1614 47.1524 3772.1886 8,172
1615 47.3882 3791.0495 8,213
1616 47.6251 3810.0048 8,254
1617 47.8632 3829.0548 8,296
1618 48.1026 3848.2001 8,337
1619 48.3431 3867.4411 8,379
1620 48.5848 3886.7783 8,421
1621 48.8277 3906.2122 8,463
1622 49.0719 3925.7432 8,505
1623 49.3172 3945.3719 8,548
1624 49.5638 3965.0988 8,590
1625 49.8116 3984.9243 8,633
1626 50.0607 4004.8489 8,676
1627 50.3110 4024.8732 8,720
1628 50.5625 4044.9975 8,763
1629 50.8153 4065.2225 8,807
1630 51.0694 4085.5486 8,851
1631 51.3248 4105.9764 8,896
1632 51.5814 4126.5063 8,940
1633 51.8393 4147.1388 8,985
1634 52.0985 4167.8745 9,030
1635 52.3590 4188.7138 9,075
1636 52.6208 4209.6574 9,120
5/28/2002 P)g~2
EXECUTIVE MANAGEMENT
SALARY TABLE
July 1, 2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
1637 52.8839 4230.7057 9,166
1638 53.1483 4251.8592 9,212
1639 53.4141 4273.1185 9,258
1640 53.6811 4294.4841 9,304
1641 53.9495 4315.9565 9,350
1642 54.2193 4337.5363 9,397
1643 54.4904 4359.2240 9,444
1644 54.7628 4381.0201 9,491
1645 55.0366 4402.9252 9,539
1646 55.3118 4424.9399 9,587
1647 55.5884 4447.0646 9,634
1648 55.8663 4469.2999 9,683
1649 56.1457 4491.6464 9,731
1650 56.4264 4514.1046 9,780
1651 56.7085 4536.6751 9,829
1652 56.9921 4559.3585 9,878
1653 57.2770 4582.1553 9,927
1654 57.5634 4605.0661 9,977
1655 57.8512 4628.0914 10,027
1656 58.1405 4651.2319 10,077
1657 58.4312 4674.4880 10,127
1658 58.7233 4697.8605 10,178
1659 59.0170 4721.3498 10,229
1660 59.3120 4744.9565 10,280
1661 59.6086 4768.6813 10,331
1662 59.9066 4792.5247 10,383
1663 60.2062 4816.4873 10,435
1664 60.5072 4840.5698 10,487
1665 60.8097 4864.7726 10,539
1666 61.1138 4889.0965 10,592
1667 61.4194 4913.5420 10,645
1668 61.7265 4938.1097 10,698
1669 62.0351 4962.8002 10,752
1670 62.3453 4987.6142 10,806
1671 62.6570 5012.5523 10,860
1672 62.9703 5037.6150 10,914
1673 63.2851 5062.8031 10,968
1674 63.6015 5088.1171 11,023
1675 63.9196 5113.5577 11,078
1676 64.2392 5139~1255 11,134
1677 64.5603 5164.8211 11,189
1678 64.8832 5190.6452 11,245
1679 65.2076 5216.5985 11,302
1680 65.5336 5242.6815 11,358
1681 65.8613 5268.8949 11,415
1682 66.1906 5295.2393 11,472
1683 66.5215 5321.7155 11,529
1684 66.8541 5348.3241 11,587
5/28/2002 Page 3
EXECUTIVE MANAGEMENT
SALARY TABLE
Julv 1,2002
Hourly Bi-Weekly Monthly
Range # Rate Rate Rate Adjustment
1685 67.1884 5375.0657 11,645
1686 67.5244 5401.9411 11,703
1687 67.8620 5428.9508 11,762
1688 68.2013 5456.0955 11,821
1689 68.5423 5483.3760 11,880
1690 68.8850 5510.7929 11,939
1691 69.2294 5538.3469 11,999
1692 69.5756 5566.0386 12,059
1693 69.9235 5593.8688 12,119
1694 70.2731 5621.8381 12,180
1695 70.6244 5649.9473 12,241
1696 70.9776 5678.1971 12,302
1697 71.3324 5708.5880 12,363
1698 71.6891 5735.1210 12,425
1699 72.0476 5763.7966 12,487
1700 72.4078 5792.6156 12,550
1701 72.7698 5821.5786 12,612
1702 73.1337 5850.6865 12,675
1703 73.4993 5879.9400 12,739
1704 73.8668 5909.3397 12,802
1705 74.2362 5938.8864 12,866
1706 74.6074 5968.5808 12,931
1707 74.9804 5998.4237 12,995
1708 75.3553 6028.4158 13,060
1709 75.7321 6058.5579 13,126
1710 76.1107 6088.8507 13,191
1711 76.4913 6119.2949 13,257
1712 76.8737 6149.8914 13,324
1713 77.2581 6180.6409 13,390
1714 77.6444 6211.5441 13,457
1715 78.0326 6242.6018 13,524
1716 78.4228 6273.8148 13,592
1717 78.8149 6305.1839 13,660
1718 79.2090 6336.7098 13,728
1719 79.6050 6368.3933 13,797
1720 80.0030 6400.2353 13,866
1721 80.4031 6432.2365 13,935
1722 80.8051 6464.3977 14,005
1723 81.2091 6496.7197 14,075
1724 81.6151 6529.2033 14,145
1725 82.0232 6561.8493 14,216
1726 82.4333 6594.6585 14,287
1727 82.8455 6627.6318 14,359
1728 83.2597 6660.7700 14,430
1729 83.6760 6694.0738 14,503
1730 84.0944 6727.5442 14,575
1731 84.5149 6761.1819 14,648
1732 84.9375 6794.9878 14,721
5t28/2002 Page 4
EXECUTIVE MANAGEMENT
SALARY TABLE
July 1, 2002
Hourly Bi-Weekly Monthly
Range # Rate Rate Rate Adjustment
1733 85.3621 6828.9628 14,795
1734 85.7890 6863.1076 14,869
1735 86.2179 6897.4231 14,943
1736 86.6490 6931.9102 15,018
1737 87.0822 6966.5698 15,093
1738 87.5176 7001.4026 15,168
1739 87.9552 7036.4096 15,244
1740 88.3950 7071.5917 15,320
[File] 5/28/2002 Page 5
MANAGEMENT EMPLOYEES
SALARY TABLE
July1,2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
2441 19.7031 1576.2520 3,415
2442 19.8016 1584.1332 3,432
2443 19.9006 1592.0539 3,449
2444 20.0001 1600.0142 3,467
2445 20.1001 1608.0142 3,484
2446 20.2006 1616.0543 3,501
2447 20.3016 1624.1346 3,519
2448 20.4031 1632.2553 3,536
2449 20.5051 1640.4165 3,554
2450 20.6076 1648.6186 3,572
2451 20.7107 1658.8617 3,590
2452 20.8142 1665.1460 3,608
2453 20.9183 1673.4718 3,626
2454 21.0229 1681.8391 3,644
2455 21.1280 1690.2483 3,662
2456 21.2336 1698.6995 3,680
2457 21.3398 1707.1930 3,699
2458 21.4465 1715.7290 3,717
2459 21.5537 1724.3077 3,736
2460 21.6615 1732.9292 3,755
2461 21.7698 1741.5938 3,773
2462 21.8787 1750.3018 3,792
2463 21.9881 1759.0533 3,811
2464 22.0980 1767.8486 3,830
2465 22.2085 1776.6878 3,849
2466 22.3195 1785.5713 3,869
2467 22.4311 1794.4991 3,888
2468 22.5433 1803.4716 3,907
2469 22.6560 1812.4890 3,927
2470 22.7693 1821.5514 3,947
2471 22.8831 1830.6592 3,966
2472 22.9975 1839.8125 3,986
2473 23.1125 1849.0115 4,006
2474 23.2281 1858.2566 4,026
2475 23.3442 1867.5479 4,046
2476 23.4610 1876.8856 4,066
2477 23.5783 1886.2700 4,087
2478 23.6962 1895.7014 4,107
2479 23.8146 1905.1799 4,128
2480 23.9337 1914.7058 4,148
2481 24.0534 1924.2793 4,169
2482 24.1736 1933.9007 4,190
2483 24.2945 1943.5702 4,211
2484 24.4160 1953.2881 4,232
2485 24.5381 1963.0545 4,253
2486 24.6608 1972.8698 4,274
2487 24.7841 1982.7341 4,296
2488 24.9080 1992.6478 4,317
Management Employees Salary Table 7-1-02.xls 5/28/2002 Page I
MANAGEMENT EMPLOYEES
SALARY TABLE
July 1,2002
HourlyBi-Week~Monthly
Range# Rate Rate Rate Adjustment
2489 25.0325 2002.6111 4,339
2490 25.1577 2012.6241 4,360
2491 25.2835 2022.6872 4,382
2492 25.4099 2032.8007 4,404
2493 25.5369 2042.9647 4,426
2494 25.6646 2053.1795 4,448
2495 25.7929 2063.4454 4,471
2496 25.9219 2073.7626 4,493
2497 26.0515 2084.1314 4,515
2498 26.1818 2094.5521 4,538
2499 26.3127 2105.0248 4,561
2500 26.4443 2115.5500 4,583
2501 26.5765 2126.1277 4,606
2502 26.7094 2136.7584 4,629
2503 26.8429 2147.4422 4,653
2504 26.9771 2158.1794 4,676
2505 27.1120 2168.9703 4,699
2506 27.2476 2179.8151 4,723
2507 27.3838 2190.7142 4,746
2508 27.5207 2201.6678 4,770
2509 27.6583 2212.6761 4,794
2510 27.7966 2223.7395 4,818
2511 27.9356 2234.8582 4,842
2512 28.0753 2246.0325 4,866
2513 28.2157 2257.2626 4,891
2514 28.3567 2268.5489 4,915
2515 28.4985 2279.8917 4,940
2516 28.6410 2291.2911 4,964
2517 28.7842 2302.7476 4,989
2518 28.9281 2314.2613 5,014
2519 29.0728 2325.8326 5,039
2520 29.2181 2337.4618 5,064
2521 29.3642 2349.1491 5,090
2522 29.5110 2360.8949 5,115
2523 29.6586 2372.6993 5,141
2524 29.8069 2384.5628 5,166
2525 29.9559 2396.4856 5,192
2526 30.1057 2408.4681 5,218
2527 30.2562 2420.5104 5,244
2528 30.4075 2432.6130 5,270
2529 30.5596 2444.7760 5,297
2530 30.7124 2456.9999 5,323
2531 30.8659 2469.2849 5,350
2532 31.0202 2481.6313 5,377
2533 31.1753 2494.0395 5,404
2534 31.3312 2506.5097 5,431
2535 31.4879 2519.0422 5,458
2536 31.6453 2531.6375 5,485
Management Employees Salary Table 7-1-02.xls 5/28/2002 Pag~:~f
MANAGEMENT EMPLOYEES
SALARY TABLE
Julv I 2002
Hourly Bi-~eek~ Monthly
Range # Rate Rate Rate Adjustment
2537 31.8035 2544.2956 5,512
2538 31.9626 2557.0171 5,540
2539 32.1224 2569.8022 5,568
2540 32.2830 2582.6512 5,595
2541 32.4444 2595.5645 5,623
2542 32.6066 2608.5423 5,652
2543 32.7697 2621.5850 5,680
2544 32.9335 2634.6929 5,708
2545 33.0982 2647.8664 5,737
2546 33.2637 2661.1057 5,765
2547 33.4300 2674.4113 5,794
2548 33.5971 2687.7833 5,823
2549 33.7651 2701.2222 5,852
2550 33.9339 2714.7283 5,882
2551 34.1036 2728.3020 5,911
2552 34.2741 2741.9435 5,941
2553 34.4455 2755.6532 5,970
2554 34.6177 2769.4315 6,000
2555 34.7908 2783.2786 6,030
2556 34.9648 2797.1950 6,060
2557 35.1396 2811.1810 6,091
2558 35.3153 2825.2369 6,121
2559 35.4919 2839.3631 6,152
2560 35.6693 2853.5599 6,182
2561 35.8477 2867.8277 6,213
2562 36.0269 2882.1668 6,244
2563 36.2071 2896.5777 6,276
2564 36.3881 2911.0606 6,307
2565 36.5700 2925.6159 6,339
2566 36.7529 2940.2439 6,370
2567 36.9366 2954.9452 6,402
2568 37.1213 2969.7199 6,434
2569 37.3069 2984.5685 6,466
2570 37.4935 2999.4913 6,499
2571 37.6809 3014.4888 6,531
2572 37.8693 3029.5612 6,564
2573 38.0587 3044.7090 6,597
2574 38.2490 3059.9326 6,630
2575 38.4402 3075.2322 6,663
2576 38.6324 3090.6084 6,696
2577 38.8256 3106.0615 6,729
2578 39.0197 3121.5918 6,763
2579 39.2148 3137.1997 6,797
2580 39.4109 3152.8857 6,831
2581 39.6079 3168.6501 6,865
2582 39.8060 3184.4934 6,899
2583 40.0050 3200.4159 6,934
2584 40.2050 3216.4179 6,969
Management Employees Salary Table 7-1-02.xls 5/28/2002 Page 3
MANAGEMENT EMPLOYEES
SALARY TABLE
July1,2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
2585 40.4061 3232.5000 7,003
2586 40.6081 3248.6625 7,038
2587 40.8111 3264.9058 7,074
2588 41.0152 3281.2304 7,109
2589 41.2203 3297.6365 7,145
2590 41.4264 3314.1247 7,180
2591 41.6335 3330.6953 7,216
2592 41.8417 3347.3488 7,252
2593 42.0509 3364.0856 7,289
2594 42.2611 3380.9060 7,325
2595 42.4724 3397.8105 7,362
2596 42.6848 3414.7996 7,398
2597 42.8982 3431.8736 7,435
2598 43.1127 3449.0329 7,473
2599 43.3283 3466.2781 7,510
2600 43.5449 3483.6095 7,547
2601 43.7626 3501.0275 7,585
2602 43.9815 3518.5327 7,623
2603 44.2014 3536.1253 7,661
2604 44.4224 3553.8060 7,700
2605 44.6445 3571.5750 7,738
2606 44.8677 3589.4329 7,777
2607 45.0920 3607.3800 7,816
2608 45.3175 3625.4169 7,855
2609 45.5441 3643.5440 7,894
2610 45.7718 3661.7617 7,933
2611 46.0007 3680.0705 7,973
2612 46.2307 3698.4709 8,013
2613 46.4618 3716.9632 8,053
2614 46.6941 3735.5481 8,093
2615 46.9276 3754.2258 8,134
2616 47.1622 3772.9969 8,174
2617 47.3981 3791.8619 8,215
2618 47.6350 3810.8212 8,256
2619 47.8732 3829.8753 8,298
2620 48.1126 3849.0247 8,339
Management Employees Salary Table 7-1-02.xls 5/28/2002 Pa~4,~
SUPERVISORY/PROFESSIONAL EMPLOYEES
SALARY TABLE
Ju1¥1,2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
3361 13.2205 1057.6469 2,292
3362 13.2866 1062.9351 2,303
3363 13.3530 1068.2498 2,315
3364 13.4198 1073.5911 2,326
3365 13.4859 1078.9590 2,338
3366 13.5543 1084.3538 2,350
3367 13.6221 1089.7756 2,361
3368 13.6902 1095.2245 2,373
3369 13.7587 1100.7006 2,385
3370 13.8275 1106.2041 2,397
3371 13.8966 1111.7351 2,409
3372 13.9661 1117.2938 2,421
3373 14.0359 1122.8803 2,433
3374 14.1061 1128.4947 2,445
3375 14.1766 1134.1371 2,457
3376 14.2475 1139.8078 2,470
3377 14.3187 1145.5068 2,482
3378 14.3903 1151.2344 2,494
3379 14.4623 1156.9906 2,507
3380 14.5346 1162.7755 2,519
3381 14.6073 1168.5894 2,532
3382 14.8803 1174.4323 2,545
3383 14.7537 1180.3045 2,557
3384 14.8275 1186.2060 2,570
3385 14.9016 1192.1370 2,583
3386 14.9761 1198.0977 2,596
3387 15.0510 1204.0882 2,609
3388 15.1263 1210.1087 2,622
3389 15.2019 1216.1592 2,635
3390 15.2779 1222.2400 2,648
3391 15.3543 1228.3512 2,662
3392 15.4311 1234.4930 2,675
3393 15.5082 1240.6654 2,688
3394 15.5858 1246.8687 2,702
3395 15.6637 1253.1031 2,715
3396 15.7420 1259.3686 2,729
3397 15.8207 1265.6655 2,742
3398 15.8998 1271.9938 2,756
3399 15.9793 1278.3537 2,770
3400 16.0592 1284.7455 2,784
3401 16.1395 1291.1692 2,798
3402 16.2202 1297.6251 2,812
3403 16.3013 1304.1132 2,826
3404 16.3828 1310.6338 2,840
3405 16.4647 1317.1870 2,854
3406 16.5471 1323.7729 2,868
3407 16.6298 1330.3917 2,883
3408 16.7129 1337.0437 2,897
Professional Employees Salary Table 7-1-62~1'~002 Page 1
SUPERVISORY/PROFESSIONAL EMPLOYEES
SALARY TABLE
July 1, 2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
3409 16.7965 1343.7289 2,912
3410 16.8805 1350.4476 2,926
3411 16.9649 1357.1998 2,941
3412 17.0497 1363.9858 2,955
3413 17.1350 1370.8057 2,970
3414 17.2206 1377.6598 2,985
3415 17.3067 1384.5481 3,000
3416 17.3933 1391.4708 3,015
3417 17.4802 1398.4282 3,030
3418 17.5676 1405.4203 3,045
3419 17.6555 1412.4474 3,060
3420 17.7438 1419.5096 3,076
3421 17.8325 1426.6072 3,091
3422 17.9216 1433.7402 3,107
3423 18.0112 1440.9089 3,122
3424 18.1013 1448.1135 3,138
3425 18.1918 1455.3540 3,153
3426 18.2828 1462.6308 3,169
3427 18.3742 1469.9440 3,185
3428 18.4661 1477.2937 3,201
3429 18.5584 1484.6801 3,217
3430 18.6512 1492.1035 3,233
3431 18.7444 1499.5641 3,249
3432 18.8382 1507.0619 3,265
3433 18.9323 1514.5972 3,282
3434 19.0270 1522.1702 3,298
3435 19.1221 1529.7810 3,315
3436 19.2178 1537.4299 3,331
3437 19.3138 1545.1171 3,348
3438 19.4104 1552.8427 3,365
3439 19.5075 1560.6069 3,381
3440 19.6050 1568.4099 3,398
3441 19.7030 1576.2520 3,415
3442 19.8015 1584.1332 3,432
3443 19.9005 1592.0539 3,450
3444 20.0001 1600.0142 3,467
3445 20.1001 1608.0142 3,484
3446 20.2006 1616.0543 3,502
3447 20.3016 1624.1346 3,519
3448 20.4031 1632.2553 3,537
3449 20.5051 1640.4165 3,554
3450 20.6076 1648.6186 3,572
3451 20.7106 1656.8617 3,590
3452 20.8142 1665.1460 3,608
3453 20.9183 1673.4717 3,626
3454 21.0229 1681.8391 3,644
3455 21.1280 1690.2483 3,662
3456 21.2336 1698.6995 3,681
Professional Employees Salary Table 7-1-622~Y~002 Paged
SUPERVISORY/PROFESSIONAL EMPLOYEES
SALARY TABLE
Julv 1, 2002
Hourly ai-Week~ Monthly
Range # Rate Rate Rate Adjustment
3457 21.3398 1707.1930 3,699
3458 21.4465 1715.7290 3,718
3459 21.5537 1724.3076 3,736
3460 21.6615 1732.9292 3,755
3461 21.7698 1741.5938 3,774
3462 21.8786 1750.3018 3,793
3463 21.9880 1759.0533 3,811
3464 22.0980 1767.8486 3,831
3465 22.2085 1776.6878 3,850
3466 22.3195 1785.5713 3,869
3467 22.4311 1794.4991 3,886
3468 22.5433 1803.4716 3,908
3469 22.6560 1812.4890 3,927
3470 22.7693 1821.5514 3,947
3471 22.8831 1830.6592 3,967
3472 22.9975 1839.8125 3,986
3473 23.1125 1849.0115 4,006
3474 23.2281 1858.2566 4,026
3475 23.3442 1867.5479 4,047
3476 23.4609 1876.8856 4,067
3477 23.5782 1886.2700 4,087
3478 23.6961 1895.7014 4,108
3479 23.8146 1905.1799 4,128
3480 23.9337 1914.7058 4,149
3481 24.0533 1924.2793 4,169
3482 24.1736 1933.9007 4,190
3483 24.2946 1943.5702 4,211
3484 24.4159 1953.2881 4,232
3485 24.5380 1963.0545 4,254
3486 24.6607 1972.8698 4,275
3487 24.7840 1982.7341 4,296
3488 24.9079 1992.6478 4,318
3489 25.0325 2002.6110 4,339
3490 25.1576 2012.6241 4,361
3491 25.2834 2022.6872 4,383
3492 25.4099 2032.8007 4,405
3493 25.5369 2042.9647 4,427
3494 25.6646 2053.1795 4,449
3495 25.7929 2063.4454 4,471
3496 25.9219 2073.7626 4,493
3497 26.0515 2084.1314 4,516
3498 26.1817 2094.5521 4,538
3499 26.3126 2105.0248 4,561
3500 26.4442 2115.5500 4,584
3501 26.5764 2126.1277 4,607
3502 26.7093 2136.7584 4,630
3503 26.8429 2147.4421 4,653
3504 26.9771 2158.1794 4,676
Professional Employees Salary Table 7-1-62~¢~002 Pa~3.~
SUPERVISORY/PROFESSIONAL EMPLOYEES;
SALARY TABLE
July1,2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
3505 27.1120 2168.9702 4,700
3506 27.2475 2179.8151 4,723
3507 27.3838 2190.7142 4,747
3508 27.5207 2201.6677 4,771
3509 27.6583 2212.6761 4,794
3510 27.7966 2223.7395 4,818
3511 27.9356 2234.8582 4,842
3512 28.0752 2248.0325 4,867
3513 28.2158 2257.2826 4,891
3514 28.3567 2268.5489 4,915
3515 28.4985 2279.8917 4,940
3516 28.6410 2291.2911 4,965
3517 28.7842 2302.7476 4,990
3518 28.9281 2314.2613 5,014
3519 29.0727 2325.8326 5,040
3520 29.2181 2337.4618 5,065
3521 29.3642 2349.1491 5,090
3522 29.5110 2360.8949 5,116
3523 29.6586 2372.6993 5,141
3524 29.8068 2384.5628 5,167
3525 29.9559 2396.4856 5,193
3526 30.1057 2408.4681 5,219
3527 30.2562 2420.5104 5,245
3528 30.4075 2432.6130 5,271
3529 30.5595 2444.7760 5,297
3530 30.7123 2456.9999 5,324
3531 30.8659 2469.2849 5,350
3532 31.0202 2481.6313 5,377
3533 31.1753 2494.0395 5,404
3534 31.3312 2506.5097 5,431
3535 31.4878 2519.0422 5,458
3536 31.6453 2531.6374 5,485
3537 31.8035 2544.2956 5,513
3538 31.9625 2557.0171 5,540
3539 32.1223 2569.8022 5,568
3540 32.2829 2582.6512 5,596
3541 32.4444 2595.5645 5,624
3542 32.6066 2608.5423 5,652
3543 32.7696 2621.5850 5,680
3544 32.9335 2634.6929 5,709
3545 33.0981 2647.8664 5,737
3546 33.2636 2661.1057 5,766
3547 33.4299 2674.4112 5,795
3548 33.5971 2687.7833 5,824
3549 33.7651 2701.2222 5,853
3550 33.9339 2714.7283 5,882
3551 34.1036 2728.3020 5,912
3552 34.2741 2741.9435 5,941
Professional Employees Salary Table 7-1-622~1'E002 Page~,~. ~
SUPERVISORY/PROFESSIONAL EMPLOYEES
SALARY TABLE
Ju1¥1,2002
Hourly Bi-Week~ Monthly Adjustment
Range # Rate Rate Rate
3553 34.4455 2755.6532 5,971
3554 34.6177 2769.4315 6,001
3555 34.7908 2783.2786 6,031
3556 34.9647 2797.1950 6,061
3557 35.1395 2811.1810 6,091
3558 35.3152 2825.2369 6,122
3559 35.4918 2839.3631 6,152
3560 35.6693 2853.5599 6,183
3561 35.8476 2867.8277 6,214
3562 36.0269 2882.1668 6,245
3563 36.2070 2896.5777 6,276
3564 36.3880 2911.0605 6,308
3565 36.5700 2925.6159 6,339
3566 36.7528 2940.2439 6,371
3567 36.9366 2954.9452 6,403
3568 37.1213 2969.7199 6,435
3569 37.3069 2984.5685 6,467
3570 37.4934 2999.4913 6,499
3571 37.6809 3014.4888 6,532
3572 37.8693 3029.5612 6,564
3573 38.0586 3044.7090 6,597
3574 38.2489 3059.9326 6,630
3575 38.4402 3075.2322 6,663
3576 38.6324 3090.6084 6,697
3577 38.8255 3106.0614 6,730
3578 39.0197 3121.5917 6,764
3579 39.2148 3137.1997 6,798
3580 39.4108 3152.8857 6,832
3581 39.6079 3168.6501 6,866
3582 39.8059 3184.4934 6,900
3583 .40.0049 3200.4158 6,935
3584 40.2050 3216.4179 6,969
3585 40.4060 3232.5000 7,004
3586 40.6080 3248.6625 7,039
3587 40.8111 3264.9058 7,074
3588 41.0151 3281.2304 7,110
3589 41.2202 3297.6365 7,145
3590 41.4263 3314.1247 7,181
Professional Employees Salary Table 7-1-62~1'a002 Page~:;,~/
GENERAL EMPLOYEES
SALARY TABLE
Julv 1 2002
Hourly Bi-~¥'eek'y Monthly
Range # Rate Rate Rate Adjustment
4231 6.9130 553.0351 1,199
4232 6.9476 555.8003 1,205
4233 6.9823 558.5793 1,211
4234 7.0172 561.3722 1,217
4235 7.0523 664.1790 1,223
4236 7.0876 566.9999 1,229
4237 7.1230 569.8349 1,235
4238 7.1586 572.6841 1,241
4239 7.1944 575.5475 1,247
4240 7.2304 578.4253 1,254
4241 7.2665 581.3174 1,260
4242 7.3029 584.2240 1,266
4243 7.3394 587.1451 1,273
4244 7.3761 590.0808 1,279
4245 7.4129 593.0312 1,285
4246 7.4500 595.9964 1,292
4247 7.4873 598.9764 1,298
4248 7.5247 601.9713 1,305
4249 7.5623 604.9811 1,311
4250 7.6001 600.0050 1,318
4251 7.6381 611.0460 1,324
4252 7.6763 614.1013 1,331
4253 7.7147 617.1718 1,338
4254 7.7533 620.2576 1,344
4255 7.7920 623.3589 1,351
4256 7.8310 626.4757 1,356
4257 7.8702 629.6081 1,365
4258 7.9095 6,32.7561 1,371
4259 7.9491 635.9199 1,378
4260 7.9080 639.0995 1,385
4261 8.0287 642.2950 1,392
4262 8.0689 645.5065 1,399
4263 8.1092 648.7340 1,406
4264 8.1498 651.9777 1,413
4265 8.1905 655.2376 1,420
4266 8.2315 658.5138 1,427
4267 8.2726 661.8063 1,434
4268 8.3140 665.1154 1,442
4269 8.3556 668.4410 1,449
4270 8.3973 671.7832 1,456
4271 8.4393 675.1421 1,463
4272 8.4815 678.5178 1,471
4273 8.5239 681.9104 1,478
4274 8.5666 685.3199 1,485
4275 8.6094 688.7465 1,493
4276 8.6524 692.1903 1,500
4277 8.6957 695.6512 1,508
4278 8.7392 699.1295 1,515
4279 8.7829 702.6251 1,523
4280 8.8288 706.1382 1,530
4281 8.8709 709.6689 1,538
Salary Table 7-01-02.xls 5/28/2002 Pag~)~
GENERAL EMPLOYEES
SALARY TABLE
July 1, 2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
4282 8.9153 713.2173 1,546
4283 8.9599 716.7834 1,554
4284 9.0047 720.3673 1,561
4285 9.0497 723.9691 1,569
4286 9.0949 727.5890 1,577
4287 9.1404 731.2269 1,585
4288 9.1861 734.8830 1,593
4289 9.2320 738.5575 1,601
4290 9.2752 742.2502 1,609
4291 9.3246 745.9615 1,617
4292 9.3712 749.6913 1,625
4293 9.4181 753.4398 1,633
4294 9.4652 757.2070 1,641
4295 9.5125 760.9930 1,649
4296 9.5600 764.7980 1,658
4297 9.6078 768.6219 1,666
4298 9.6559 772.4651 1,674
4299 9.7042 776.3274 1,683
4300 9.7527 780.2090 1,591
4301 9.8014 784.1101 1,699
4302 9.8505 788.0306 1,708
4303 9.8997 791.9708 1,716
4304 9.9492 795.9306 1,725
4305 9.9990 799.9103 1,734
4306 10.0489 803.9096 1,742
4307 10.0992 807.9294 1,751
4308 10.1497 811.9690 1,760
4309 10.2004 816.0289 1,769
4310 10.2514 520.1090 1,777
4311 10.3027 824.2096 1,786
4312 10.3542 828.3306 1,795
4313 10.4060 832.4723 1,804
4314 10.4580 836.6346 1,813
4315 10.5103 840.8178 1,822
4316 10.5628 845.0219 1,831
4317 10.6157 849.2470 1,841
4318 10.6687 853.4932 1,850
4319 10.7221 857.7607 1,859
4320 10.7757 662.0495 1,~66
4321 10.8296 866.3597 1,878
4322 10.8837 870.6915 1,887
4323 10.9381 875.0450 1,897
4324 10.9928 879.4202 1,906
4325 11.0478 883.8173 1,916
4326 11.1030 888.2364 1,925
4327 11.1585 892.6776 1,935
4328 11.2143 897.1410 1,944
4329 11.2704 901.6267 1,954
4330 11.3268 906.1348 1,964
4331 11.3834 910.6655 1,974
4332 11.4403 915.2188 1,984
Emp Salary Table 7-01-02.xls 5/28/2002 Page
GENERAL EMPLOYEES
SALARY TABLE
July 1, 2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
4333 11.4975 919.7949 1,994
4334 11.5550 924.3939 2,003
4335 11.6128 929.0159 2,013
4336 11.6708 933.6609 2,024
4337 11.7292 938.3292 2,034
4338 11.7878 943.0209 2,044
4339 11.8468 947.7360 2,054
4340 11.9060 952.4747 2,064
4341 11.9655 957.2370 2,075
4342 12.0254 962.0232 2,085
4343 12.0855 966.8333 2,095
4344 12.1459 971.6675 2,106
4345 12.2067 976.5258 2,116
4346 12.2677 981.4085 2,127
4347 12.3290 986.3155 2,138
4348 12.3907 991.2471 2,148
4349 12.4526 996.2033 2,159
4350 12.5149 1001.1843 2,170
4351 12.5775 1006.1903 2,181
4352 12.6404 1011.2212 2,192
4353 12.7036 1016.2773 2,203
4354 12.7671 1021.3587 2,214
4355 12.8309 1026.4655 2,225
4356 12.8951 1031.5978 2,236
4357 12.9595 1036.7558 2,247
4358 13.0243 1041.9396 2,258
4359 13.0895 1047.1493 2,270
4360 13.1549 1052.3850 2,281
4361 13.2207 1057.6470 2,292
4362 13.2868 1062.9352 2,304
4363 13.3532 1068.2499 2,315
4364 13.4200 1073.5911 2,327
4365 13.4871 1078.9591 2,338
4366 13.5545 1084.3539 2,350
4367 13.6223 1089.7757 2,362
4368 13.6904 1095.2245 2,374
4369 13.7589 1100.7007 2,386
4370 13.8277 1106.2042 2,398
4371 13.8968 1111.7352 2,410
4372 13.9663 1117.2939 2,422
4373 14.0361 1122.8603 2,434
4374 14.1063 1128.4947 2,446
4375 14.1768 1134.1372 2,458
4376 14.2477 1139.8079 2,470
4377 14.3189 1145.5069 2,483
4378 14.3905 1151.2345 2,495
4379 14.4625 1156.9906 2,508
4380 14.5348 1162.7756 2,520
Salary Table 7-01-02.xls 5/28/2002 Pag(~_.f
GENERAL EMPLOYEES
SALARY TABLE
Julv 1, 2002
Hourly Bi-~t'eek~ Monthly
Range # Rate Rate Rate Adjustment
4381 14.6075 1168.5895 2,533
4382 14.6805 1174.4324 2,545
4383 14.7539 1180.3046 2,558
4384 14.8277 1186.2061 2,571
4385 14.9018 1192.1371 2,584
4386 14.9763 1198.0978 2,597
4387 15.0512 1204.0883 2,610
4388 15.1265 1210.1087 2,623
4389 15.2021 1216.1593 2,636
4390 15.2781 1222.2401 2,649
4391 15.3545 1228.3513 2,662
4392 15.4313 1234.4930 2,676
4393 15.5084 1240.6655 2,689
4394 15.5860 1246.8688 2,702
4395 15.6639 1253.1032 2,716
4396 15.7422 1259.3687 2,729
4397 15.8209 1265.6655 2,743
4398 15.9000 1271.9939 2,757
4399 15.9795 1278.3538 2,771
4400 16.0594 1284.7456 2,784
4401 16.1397 1291.1693 2,798
4402 16.2204 1297.6252 2,812
4403 16.3015 1304.1133 2,826
4404 16.3830 1310.6339 2,841
4405 16.4650 1317.1870 2,855
4406 16.5473 1323.7730 2,869
4407 16.6300 13~0.3918 2,883
4408 16.7132 1337.0438 2,898
4409 16.7967 1343.7290 2,912
4410 16.8807 1350.4477 2,927
4411 16.9651 1357.1999 2,942
4412 17.0499 1363.9859 2,956
4413 17.1352 1370.8058 2,971
4414 17.2209 1377.6599 2,986
4415 17.3070 1384.5482 3,001
4416 17.3935 1391.4709 3,016
4417 17.4805 1398.4283 3,031
4418 17.5679 1405.4204 3,046
4419 17.6557 1412.4475 3,061
4420 17.7440 1419.5097 3,077
4421 17.8327 1426.6073 3,092
4422 17.9219 1433.7403 3,107
4423 18.0115 1440.9090 3,123
4424 18.1015 1448.1136 3,139
4425 18.1921 1455.3541 3,154
4426 18.2830 1462.6309 3,170
4427 18.3744 1469.9441 3,186
4428 18.4663 1477.2938 3,202
Salary Table 7-01-02.xls 5/28/2002 Pa,~:_:~
GENERAL EMPLOYEES
SALARY TABLE
Julv 1 2002
Hourly Bi-~¥'eek~ Monthly
Range # Rate Rate Rate Adjustment
4429 18.5586 1484.6802 3,218
4430 18.6514 1492.1036 3,234
4431 18.7447 1499.5642 3,260
4432 18.8384 1507.0620 3,266
4433 18.9326 1514.5973 3,283
4434 19.0273 1522.1703 3,299
4435 19.1224 1529.7811 3,316
4436 19.2180 1537.4300 3,332
4437 19.3141 1545.1172 3,349
4438 19.4107 1552.8428 3,366
4439 19.5077 1560.6070 3,382
4440 19.6053 1568.4100 3,399
4441 19.7033 1576.2521 3,416
4442 19.8018 1584.1333 3,433
4443 19.9008 1592.0540 3,451
4444 20.0003 1600.0143 3,468
4445 20.1003 1608.0143 3,486
4446 20.2008 1616.0544 3,503
4447 20.3018 1624.1347 3,520
4448 20.4033 1632.2554 3,538
4449 20.5054 1640.4166 3,555
4450 20.6079 1648.6187 3,573
4451 20.7109 1656.8618 3,591
4452 20.8145 1665.1461 3,609
4453 20.9185 1673.4719 3,627
4454 21.0231 1681.8392 3,646
4455 21.1283 1690.2484 3,663
4456 21.2339 1698.6997 3,682
4457 21.3401 1707.1932 3,700
4458 21.4468 1715.7291 3,719
4459 21.5540 1724.3078 3,737
4460 21.6618 1732.9293 3,756
4461 21.7701 1741.5939 3,775
4462 21.8789 1750.3019 3,793
4463 21.9883 1759.0534 3,812
4464 22.0983 1767.8487 3,832
4465 22.2088 1776.6879 3,851
4466 22.3198 1785.5714 3,870
4467 22.4314 1794.4992 3,889
4468 22.5436 1803.4717 3,909
4469 22.6563 1812.4891 3,928
4470 22.7696 1821.5515 3,948
4471 22.8834 1830.6593 3,968
4472 22.9978 1839.8126 3,987
4473 23.1128 1849.0117 4,007
4474 23.2284 1858.2567 4,027
4475 23.3445 1867.5480 4,048
4476 23.4612 1876.8857 4,068
Salary Table 7-01-02.xls 5/28/2002 Pa~5._~
GENERAL EMPLOYEES
SALARY TABLE
Julv 1 2002
HourlyBi-~/'eek~Monthly
Range# Rate Rate Rate Adjustment
4477 23.5785 1886.2702 4,088
4478 23,6964 1895.7015 4,109
4479 23.8149 1905.1800 4,129
4480 23.9340 1914.7059 4,150
4481 24.0537 1924.2795 4,171
4482 24.1739 1933.9008 4,191
4483 24.2948 1943.5704 4,212
4484 24.4163 1953.2882 4,233
4485 24.5384 1963.0546 4,255
4486 24.6611 1972.8699 4,276
4487 24.7844 1982.7343 4,297
4488 24.9083 1992.6479 4,319
4489 25.0328 2002.6112 4,340
4490 25.1580 2012.6242 4,362
4491 25.2838 2022.6874 4,384
4492 25.4102 2032.8008 4,406
4493 25.5372 2042.9648 4,428
4494 25.6649 2053.1796 4,450
4495 25.7933 2063.4455 4,472
4496 25.9222 2073.7627 4,495
4497 26.0518 2084.1316 4,517
4498 26.1821 2094.5522 4,540
4499 26.3130 2105.0250 4,562
4500 26.4446 2115.5501 4,585
4501 26.5768 2126.1279 4,608
4502 26.7097 2136.7585 4,631
4503 26.8432 2147.4423 4,654
4504 26.9774 2158.1795 4,678
4505 27.1123 2168.9704 4,701
4506 27.2479 2179.8152 4,724
4507 27.3841 2190.7143 4,748
4508 27.5210 2201.6679 4,772
4509 27.6587 2212.6762 4,796
4510 27.7969 2223.7396 4,820
4511 27.9359 2234.8583 4,844
4512 28.0756 2246.0326 4,868
4513 28.2160 2257.2628 4,892
4514 28.3571 2268.5491 4,917
4515 28.4989 2279.8918 4,941
4516 28.6413 2291.2913 4,966
4517 28.7846 2302.7477 4,991
4518 28.9285 2314.2615 5,016
4519 29.0731 2325.8328 5,041
4520 29.2185 2337.4620 5,066
4521 29.3646 2349.1493 5,091
4522 29.5114 2360.8950 5,117
4523 29.6590 2372.6995 5,142
4524 29.8073 2384.5630 5,168
Salary Table 7-01~02.xls 5/28/2002 Page
GENERAL EMPLOYEES
SALARY TABLE
July 1, 2002
HourlyBi-Week~Monthly
Range# Rate Rate Rate Adjustment
4525 29.9563 2396.4858 5,194
4526 30.1061 2408.4682 5,220
4527 30.2566 2420.5106 5,246
4528 30.4079 2432.6131 5,272
4529 30.5599 2444.7762 5,299
4530 30.7127 2457.0001 5,325
4531 30.8663 2469.2851 5,352
4532 31.0206 2481.6315 5,379
4533 31.1757 2494.0396 5,405
4534 31.3316 2506.5098 5,432
4535 31.4883 2519.0424 5,460
4536 31.6457 2531.6376 5,487
4537 31.8039 2544.2958 5,514
4538 31.9629 2557.0173 5,542
4539 32.1228 2569.8024 5,570
4540 32.2834 2582.6514 5,597
4541 32.4448 2595.5646 5,625
4542 32.6070 2608.5425 5,654
4543 32.7700 2621.5852 5,682
4544 32.9339 2634.6931 5,710
4545 33.0986 2647.8666 5,739
4546 33.2641 2661.1059 5,768
4547 33.4304 2674.4114 5,796
4548 33.5975 2687.7835 5,825
4549 33.7655 2701.2224 5,854
4550 33.9343 2714.7285 5,884
Salary Table 7-01-02.xls 5/28/2002 Pa~7~
MAINTENANCE EMPLOYEES
SALARY TABLE
Julv 1, 2002
Hourly Bi-~/~eek~ Monthly
Range# Rate Rate Rate Adjustment I I,
5371 13.8966 1111.7352 2,409
5372 13.9661 1117.2938 2,421
5373 14.0359 1122.8803 2,433
5374 14.1061 1128.4947 2,445
5375 14.1766 1134.1372 2,457
5376 14.2475 1139.8079 2,470
5377 14.3188 1145.5069 2,482
5378 14.3904 1151.2344 2,494
5379 14.4623 1156.9906 2,507
5380 14.5346 1162.7756 2,519
5381 14.6073 1168.5894 2,532
5382 14.6803 1174.4324 2,545
5383 14.7537 1180.3046 2,557
5384 14.8275 1186.2061 2,570
5385 14.9016 1192.1371 2,583
5386 14.9761 1198.0978 2,596
5387 15.0510 1204.0883 2,609
5388 15.1263 1210.1087 2,622
5389 15.2019 1216.1593 2,635
5390 15.2779 1222.2401 2,648
5391 15.3543 1228.3513 2,661
5392 15.4311 1234.4930 2,675
5393 15.5082 1240.6655 . 2,688
5394 15.5858 1246.8688 2,702
5395 15.6637 1253.1032 2,715
5396 15.7420 1259.3687 2,729
5397 15.8207 1265.6655 2,742
5398 15.8998 1271.9938 2,756
5399 15.9793 1278.3538 2,770
5400 16.0592 1284.7456 2,784
5401 16.1395 1291.1693 2,797
5402 16.2202 1297.6252 2,811
5403 16.3013 1304.1133 2,826
5404 16.3828 1310.6338 2,840
5405 16.4648 1317.1870 2,854
5406 16.5471 1323.7730 2,868
5407 16.6298 1330.3918 2,882
5408 16.7130 1337.0438 2,897
5409 16.7965 1343.7290 2,911
5410 16.8805 1350.4476 2,926
5411 16.9649 1357.1999 2,941
5412 17.0497 1363.9859 2,955
5413 17.1350 1370.8058 2,970
5414 17.2207 1377.6598 2,985
5415 17.3068 1384.5481 3,000
5416 17.3933 1391.4709 3,015
5417 17.4803 1398.4282 3,030
5418 17.5677 1405.4204 3,045
Maintenance Emp Salary Table 7-01-02.xls 5/28/2002 Pa~l~
MAINTENANCE EMPLOYEES
SALARY TABLE
Julv 1 2002
Hourly Bi'~V~eek~ Monthly
Range # Rate Rate Rate Adjustment
5419 17.6555 1412.4475 3,060
5420 17.7438 1419.5097 3,076
5421 17.8325 1426.6073 3,091
5422 17.9217 1433.7403 3,106
5423 18.0113 1440.9090 3,122
5424 18.1013 1448.1135 3,138
5425 18.1918 1455.3541 3,153
5426 18.2828 1462.6309 3,169
5427 18.3742 1469.9440 3,185
5428 18.4661 1477.2938 3,201
5429 18.5584 1484.6802 3,217
5430 18.6512 1492.1036 3,233
5431 18.7445 1499.5641 3,249
5432 18.8382 1507.0620 3,265
5433 18.9324 1514.5973 3,282
5434 19.0270 1522.1703 3,298
5435 19.1222 1529.7811 3,314
5436 19.2178 1537.4300 3,331
5437 19.3139 1545.1172 3,348
5438 19.4104 1552.8428 3,364
5439 19.5075 1560.6070 3,381
5440 19.6050 1568.4100 3,398
5441 19.7031 1576.2521 3,415
5442 19.8016 1584.1333 3,432
5443 19.9006 1592.0540 3,449
5444 20.0001 1600.0142 3,467
5445 20.1001 1808.0143 3,484
5446 20.2006 1616.0544 3,501
5447 20.3016 1624.1347 3,519
5448 20.4031 1632.2553 3,537
5449 20.5051 1640.4166 3,554
5450 20.6076 1648.6187 3,572
5451 20.7107 1656.8618 3,590
5452 20.8142 1665.1461 3,608
5453 20.9183 1673.4718 3,626
5454 21.0229 1681.8392 3,644
5455 21.1280 1690.2484 3,662
5456 21.2336 1698.6996 3,680
5457 21.3398 1707.1931 3,699
5458 21.4465 1715.7291 3,717
5459 21.5537 1724.3077 3,736
5460 21.6615 1732.9293 3,755
5461 21.7698 1741.5939 3,773
5462 21.8787 1750.3019 3,792
5463 21.9881 1759.0534 3,811
5464 22.0980 1767.8487 3,830
5465 22.2085 1776.6879 3,849
5466 22.3195 1785.5714 3,869
Maintenance Emp Salary Table 7-01-02.xls 5/28/2002 Page2 7
MAINTENANCE EMPLOYEES
SALARY TABLE
Julv 1, 2002
Hourly Bi-Week~ Monthly
Range # Rate Rate Rate Adjustment
5467 22.4311 1794.4992 3,888
5468 22.5433 1803.4717 3,907
5469 22.6560 1812.4891 3,927
5470 22.7693 1821.5515 3,947
5471 22.8831 1830.6593 3,966
5472 22.9975 1839.8126 3,986
5473 23.1125 1849.0116 4,006
5474 23.2281 1858.2567 4,026
5475 23.3442 1867.5480 4,046
5476 23.4610 1876.8857 4,067
5477 23.5783 1886.2701 4,087
5478 23.6961 1895.7015 4,107
5479 23.8146 1905.1800 4,128
5480 23.9337 1914.7059 4,148
5481 24.0534 1924.2794 4,169
5482 24.1736 1933.9008 4,190
5483 24.2945 1943.5703 4,211
5484 24.4160 1953.2882 4,232
5485 24.5381 1963.0546 4,253
5486 24.6607 1972.8699 4,274
5487 24.7841 1982.7342 4,296
5488 24.9080 1992.6479 4,317
5489 25.0325 2002.6111 4,339
5490 25.1577 2012:6242 4,361
5491 25.2835 2022.6873 4,382
5492 25.4099 2032.8008 4,404
5493 25.5369 2042.9648 4,426
5494 25.6646 2053.1796 4,448
5495 25.7929 2063.4455 4,471
5496 25.9219 2073.7627 4,493
5497 26.0515 2084.1315 4,516
5498 26.1818 2094.5522 4,538
5499 26.3127 2105.0249 4,561
5500 26.4442 2115.5501 4,584
5501 26.5765 2126.1278 4,607
5502 26.7093 2136.7585 4,630
5503 26.8429 2147.4423 4,653
5504 26.9771 2158.1795 4,676
5505 27.1120 2168.9704 4,699
5506 27.2476 2179.8152 4,723
5507 27.3838 2190.7143 4,746
5508 27.5207 2201.6679 4,770
5509 27.6583 2212.6762 4,794
5510 27.7966 2223.7396 4,818
5511 27.9356 2234.8583 4,842
5512 28.0753 2246.0326 4,866
5513 28.2156 2257.2627 4,891
5514 28.3567 2268.5490 4,915
Maintenance Emp Salary Table 7-01-02.xls 5/28/2002 P~)e~,/
MAINTENANCE EMPLOYEES
SALARY TABLE
July 1, 2O02
Hourly ' Bi-W'eekry Monthly ]
Range # Rate Rate Rate Adjustment J .
5515 28.4985 2279.8918 4,940
5516 28.641 o 2291.2913 4,964
5517 28.7842 2302.7477 4,989
5518 28.9281 2314.2614 5,Ol 4
5519 29.o728 2325.8328 5,039
5520 29.2181 2337.4619 5,064
Maintenance Emp Salary Table 7-01-02.xls 5/28/2002 Page~
TH E CITY OF
I~ANCHO CIJCAHONGA
StnffRepo
DATE: June 20, 2002
TO: Mayor and Members of the City Council
Jack Lam, City Manager
FROM: Tamara L Layne, Finance Officer
SUBJECT: ADOPTION OF FISCAL YEAR 2002/03 BUDGET AND ARTICLE XIIIB
APPROPRIATIONS LIMIT
RECOMMENDATION
1. Council approve the attached resolution authorizing the fiscal year 2002/03
budget.
2. Council approve the attached resolution adopting the Article XIIIB Appropriations
Limit for fiscal year 2002/03.
BACKGROUND
1. The City of Rancho Cucamonga has proposed a one year program of service
with the 2002/03 fiscal year budget. The attached resolution adopts that one
year budget and reflects any changes recommended and approved by Council at
the publicly held budget study session.
FISCAL YEAR 2002/03 BUDGET
General Fund $ 43,957,590
Library Services $ 1,891,680
Capital Improvement Program $ 66,446,450
Special Funds $ 28,271,140
Total $140.566.860
2. The State of California Constitution, Article XIIIB, requires that an appropriations
limit be established annually by the City Council. The factor used to develop the
appropriations limit is the C.P.I. change and the change in the City's population.
The additional attached resolution adopts the annual appropriations limit as
required by Article XIIIB of the State Constitution.
Based on the factors of the Gann Limit (a C.P.I. change of-1.27% and a
population change of 4.8%), the City's fiscal year 2002/03 appropriations limit is
$37,103,648. The City's fiscal year 2002/03 appropriations subject to this limit
total $29,653,660. It is anticipated that the City will be at 79.92% of its Gann
Limit at June 30, 2003.
Respectfully submitted,
Tamara L. Layne
Finance Officer
Attachments
hlfinance~budget2OO3~City Council staff reportslCity budget adoption 2002-03. doc
.o.
RESOLUTION Of THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA,
CALIFORNIA ADOPTING THE CITY'S FISCAL YEAR 2002103 BUDGET
WHEREAS, the Rancho Cucamonga City Council held a workshop to
review the appropriation requests for the fiscal year 2002/03 on June 6, 2002, and;
WHEREAS, the Rancho Cucamonga City Council held a public hearing on
the General City Budget, and;
WHEREAS, this public hearing was published in a newspaper of general
circulation and held on June 20, 2002;
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga,
California does hereby resolve on this 20th day of June 2002, as follows:
SECTION l: ADOPTION OF FISCAL YEAR 2002~03 BUDGET. The City
of Rancho Cucamonga budget for the fiscal year 2002/03, on file in the
office of the Finance Officer, is hereby adopted in the amount of
$140,566,860. This budget total includes appropriations for both the
general and other special purpose funds.
SECTION 2: TRANSFERS OF FUNDS BETWEEN AND / OR WITHIN
APPROPRIATIONS. The City Council of the City of Rancho Cucamonga
may transfer funds between funds or activities set forth in the budget. The
City Manager may transfers funds between appropriations within any fund
as set forth in the budget and may transfer appropriations between
activities within any cost center in the same fund.
SECTION 3: TRANSFERS OF FUNDS BETWEEN FUND-% 'r'ransfers of
funds between funds as shown throughout the fund transfer sections of
the budget shall be made as expenditures warrant such transfers.
SECTION 4: DISBURSEMENTS. The City Manager and the Finance
Officer, or the duly designated representative, are hereby empowered and
authorized to disburse funds pursuant to appropriations provided for in the
fiscal year 2002/03 budget, and have the responsibility to establish
procedures and to administratively implement and control the budget on
all matters, except direct expenditures by Councilmembers which require
Council approval.
Resolution No. 02-
Page 2
SECTION 5: ADDITIONAL APPROPRIATIONR, The City Council may
amend this temporary budget to add or delete appropriations.
PASSED, APPROVED, AND ADOPTED this 20th day of June 2002.
AYES:
NOES:
ABSENT:
ABSTAINED:
William J. Alexander, Mayor
ATTEST:
Debra J. Adams, City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California,
do hereby certify that the foregoing Resolution was duly passed, approved and adopted
by the City Council of the City of Rancho Cucamonga, California, at an adjourned
meeting of said City Council held on the 20th day of June 2002.
Executed this __ day of June 2002, at Rancho Cucamonga, California.
Debra J. Adams, City Clerk
i:Vinancetbudget2OO3~City Council staff repo/lsVeaolution-City budget 2002-03.doc
RESOLUTION NO. 02-/~.
RESOLUTION OF THE CITY COUNCIL Of THE CITY Of RANCHO CUCAMONGA,
CALIFORNIA ESTABLISHING AN APPROPRIATIONS LIMIT PURSUANT TO
ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION FOR FISCAL YEAR
2002/03
WHEREAS, Article XIIIB of the State of California provides that the total
annual appropriations subject to limitation of the State and of each local government
shall not exceed the appropriations limit of such entity of government for the prior year
adjusted for changes in the cost of living and population except as otherwise provided in
said Article XIIIB, and;
WHEREAS, pursuant to said Article XlIIB of the Constitution of the State
of California, the City Council of the City of Rancho Cucamonga deems it to be in the
best interests of the City of Rancho Cucamonga to establish an appropriations limit for
fiscal year 2002/03, and;
WHEREAS, the Finance Officer of the City of Rancho Cucamonga has
determined that said appropriations limit for the fiscal year 2002~03 be established in the
amount of $37,103,648.
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga,
California does hereby resolve that an appropriations limit for the fiscal year 2002/03
pursuant to Article XIIIB of the Constitution of the State of California be established in
the amount of $37,103,648 and the same is hereby established.
BE IT FURTHER RESOLVED that said appropriations limit herein
established may be changed as deemed necessary by resolution of the City Council.
PASSED, APPROVED, AND ADOPTED this 20th day of June 2002.
AYES:
NOES:
ABSENT:
ABSTAINED:
William J. Alexander, Mayor
Resolution 02-
Page 2
ATTEST:
Debra J. Adams, CMC, City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California,
do hereby certify that the foregoing Resolution was duly passed, approved and adopted
by the City Council of the City of Rancho Cucamonga, California, at an adjourned
meeting of said City Council held on the 20th day of June 2002.
Executed this day of June 2002, at Rancho Cucamonga, California.
Debra J. Adams, CMC, City Clerk
i:Vinancetbudget2OO3[City Council staff reports~Resolution-City Appropriations Limit 2002-03. doc
T H E C I T Y 0 F
DANCIIO C I. JCADI 0 NCA
StaffRepor
DATE: June 20, 2002
TO: Mayor and Members of the City Council
Jack Lam, City Manager
FROM: Lawrence I. Temple, Administrative Services Director
SUBJECT: Approval of (1) Resolution of Intention to Amend Contract with the
California Public Employees Retirement System to Provide Section
21354.4 (2.5%@55 Full Formula) and, (2) Establish the PARS
Retirement System Plan to be Administered by PHASE II Systems,
PARS Trust Administrator for Eligible City employees.
Recommendation
It is recommended the City Council (1) approve the Resolution of Intention to amend our
contract with the California Public Employees Retirement System (CalPERS) to provide
Section 21354.4 (2.5%@55 Full Formula) and, (2) establish the PARS Retirement
System Plan to be administered by PHASE II Systems, PARS Trust Administrator, for
all eligible city employees.
Backqround
The term of the current MOU is July 1, 2000 to June 30, 2003. The City and District
bargaining units have agreed to modify the existing contract after re-opener meet and
confer discussions. Based upon new legislation, the parties agree to a new retirement
formula, not previously available for non-safety members, under CalPERS and a
supplemental PARS retirement. The City contracted the services of an enrolled actuary
to determine the future annual cost of providing this benefit. See attached trust
agreement and actuarials for future annual costs.
Respectfully Submitted,
Lawrence I. Temple, Administrative Services Director
RESOLUTION NO. ~__.~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA ADOPTING A RESOLUTION OF INTENTION TO APPROVE
AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF
ADMINISTRATION, CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT
SYSTEM AND THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA
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 Section 21354.4 (2.5% @ 55 Full Formula) for local
miscellaneous members.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Rancho Cucamonga, California that said City Council does hereby give notice of
intention to approve an amendment to the contract between said public agency
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.
Passed, Approved and Adopted this 20~h day of June, 2002.
AYES:
NOES:
ABSENT:
William J. Alexander
Mayor
Passed, Approved and Adopted this 20~ day of June, 2002.
AYES:
NOES:
ABSENT:
William J. AlexaRder
Mayor
ATTEST:
Debra J. Adams
City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, Califomia
(Jo hereby certify that the foregoing Resolution was duly passed, approved and
adopted by the City Council of the City of Rancho Cucamonga, California at a
special meeting of said City Council held on the 20th day of June 2002.
Executed this 20th day of June, 2002 in Rancho Cucamonga, California
Debra J. Adams
City Clerk
CalPERS
EXHIBIT
California
Public Employees' Retirement System
AMENDMENT TO CONTRACT
Between the
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of Rancho Cucamonga
The Board of Administration, California Public Employees' Retirement System,
hereinafter referred to as Board, and the governing body of the above public agency,
hereinafter referred to as Public Agency, having entered into a contract effective
January 28, 1978, and witnessed January 26, 1978, and as amended effective
September 22, 1980, November 16, 1981, September 26, 1988, April 5, 1996 and
November 2, 2000 which provides for participation of Public Agency in said System,
Board and Public Agency hereby agree as follows:
A. Paragraphs I through 11 are hereby stricken from said contract as executed
effective November 2, 2000, 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
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.
2. Public Agency shall participate in the Public Employees' Retirement
System from and after January 28, 1978 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. 4
PLEASE DO NOT SIGN "EXHIB/i
3. 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. Employees other than local safety members (herein referred to as
local miscellaneous members).
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:
a. SAFETY EMPLOYEES.
5. 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 21354.4 of said Retirement Law
(2.5% at age 55 Full).
[Note that a future legislative proposal is being considered which
could amend Government Code Section 21354.4 to make the 2.5% at
55 benefit formula applicable to both active members and inactive
members who have not yet retired. If enacted, this amendment could
have an effect on your agency's actuarial valuation and employer
contribution rates in future years.]
6. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 20042 (One-Year Final Compensation).
b. Section 21024 (Military Service Credit as Public Service.), Statutes
of 1976.
c. Section 21151 (Industrial Disability Retirement For Local
Miscellaneous Members).
d. Section 21427 (Improved No_nindustrial Disability Allowance).
e. Section 21574 (Fourth Level of 1959 Survivor Benefits).
f. Section 20614, Statutes of 1978, (Reduction of Normal Member
Contribution Rate). From September 22, 1980 and until November
16, 1981, the normal local miscellaneous member contribution rate
shall be 0%. Legislation repealed said Section effective September
29, 1980.
'" PLEASE DO NOT SIGN "EXHIBIT ONLY"
g. Section 20690, Statutes of 1980, (To Prospectively Revoke Section
20614, Statutes of 1978).
7. Public Agency, in accordance with Government Code Section 20834, shall
not be considered an "employer" for purposes of the Public Employees'
Retirement Law. Contributions of the Public Agency shall be fixed and
determined as provided in Government Code Section 20834, and such
contributions hereafter made shall be held by the Board as provided in
Government Code Section 20834.
8. 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 of said Retirement System.
Public Agency shall also contribute to said Retirement System as follows:
a. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21574 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 miscellaneous members.
b. 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.
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 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. This amendment shall be effective on the __ day of
BOARD OF ADMINISTRATION C~I~'i;Y COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM ,..~Y OF RANCHO CUCAMONGA
BY ,..~,~v BY
KENNETH W. MARZION, CHIEF . ·"~· "~-'- PR~CE--~~'~-
ACTUARIAL & EMPLOYER SERVI.(~ DIVISION .~' ~:"~" .~"~:'"
PUBL,C EMPLOYEES' RET,RE, r 'f SYSTEM
Witn
Clerk
AMENDMENT
PERS-CON-702A (Rev. 8\96}
CONTRACT AMENDMENT COST ANALYSIS - VALUATION BASIS: JUNE 30, 2000
MISCELLANEOUS PLAN FOR THE CITY OF RANCHO CUCAMONGA
EMPLOYER NUMBER 1172
Benefit Description: Section 21354.4, 2.5% ~ 55 Full Formula
(Includes All Non-Retired Local Miscellaneous Members)
New CalPERS' Board Resolution Concerning Value of Assets
On June 20, 2001, the CalPERS' Board adopted a new resolution conceming the value of assets to be
used in determining the employer contribution rate due to benefit increases for amendments to public
agency contracts. This new resolution applies to all contract amendments based upon the June 30, 2000
June 30, 2002.
This new resolution provides an increase in the actuarial value of assets in the amount of two times the
increase in the Present Value of Benefits. Under the new resolution, the employer has the option of
taking no increase in thc actuarial value of assets and all owin§ the regular asset smoothing method to
operate as it normally would. In addition, the employer may limit the actuarial value of assets used for
rate setting purposes to 100% of market value if normal application of the resolution would otberwise
exceed this limit. Under no circumstances will an actuarial value of assets in excess of 110% of market
value be utilized. Further, the new r~sohition will apply to agencies whether or not they utilized the 95%
asset value offered in the pre~ious resolution.
The available rate choices are offered under three different Alternatives:
· Alternative 1 - No increase in Actuarial Value of Assets
· Alternative 2 - Actuarial Value of Assets increased by twice the increase in the Present Value of
Benefits due to the amendment, limited to 100% of Market Value of Assets
· Alternative 3 - Actuarial Value of Assets increased by twice the increase in the Present Value of
Benefits due to the amendment, limited to 110% of Market Value of Assets
The employer should carefully consider its choices in choosing its new rate under the options made
available by the new resolution. The recent stock market volatility and the choices created under this
newboard resolution can complicate your plan's future financial position. For many plans at CalPERS,
the financial soundness of the plan will not be jeopardized regardless of the choice made by the employer.
However, it is possible that, for some plans, some choices under the resolution would represent poor
financial decisions. You are strongly encouraged to have in-depth discussions with your CalPERS
actuary about the financial consequences of any amendment.
Present Value of Projected Benefits
The table below shows the change in the total present value of benefits for the proposed plan amendment.
The present value of benefits represents the total dollars needed today to fund all future benefits for
current members of the plan, i.e. without regard to future employees. The difference between this amount
and current plan assets must be paid by future employee and employer contributions. As such, the change
in the present value of benefits due to the plan amendment represents the "cost" of the plan amendment.
However, for plans with excess assets some or all of this "cost" may already be covered by current excess
assets.
In this analysis, the increase in the present value of benefits due to the amendment is $7,263,183. Two
times this increase is $14,526,366, or 26.9% of market value of assets. Therefore, under alternative 2, the
actuarial value of assets will be increased to 100.0% of the market value of assets. Under alternative 3,
the actuarial value of assets will be increased to 110.0% oftbe market value of assets.
January 8, 2002 Page I of 7
3:09 PM
CONTRACT AMENDMENT COST ANALYSIS - VALUATION BASIS: JUNE 30, 2000
MISCELLANEOUS PLAN FOR THE CITY OF RANCHO CUCAMONGA
EMPLOYER NUMBER 1172
Benefit Description: Section 21354.4, 2.5% ~ 55 Full Formula
(Includes Ail Non-Retired Local Miscellaneous Members)
As of June 30, 2000 Current Plan Post-Amendment Post-Amendment Post-Amendment
Alternative 1 Alternative 2 ' Alternative 3
(MVA)
Actuarial Value of Assets (AVA) 51,313,926 51,313,926 53,958,085 59,353,894
increase in AVA 0 2,644,159 8,039,968
AVA / MVA 95.1% 95.1% 100.0% 110.0%
Present Value of Projected $ 54,994,831 $ 62,258,014 $ 62,258,014 $ 62,258,014
Benefits (PVB)
Actuarial Value of Assets (AVA) 51.313.926 51,313,926 53.958.085 59.353.894
Present Value of Future Employer
and Employee Contributions $ 3,680,905 $ 10,944,088 $ 8,299,929 $ 2,904,120
(PVB - AVA)
Change to PVB 7,263,183 7,263,183 7,263,183
Accrued Liability
It is not required, nor necessarily desirable, to have accumulated assets sufficient to cover thc total present
value of benefits until every member has left employment. Instead, the actuarial funding process
calculates a regular contribution schedule of employee contributions and employer contributions (called
normal costs) which are designed to accumulate with interest to equal the total present value of benefits
by the time every member has left employment. As of each June 30, the actuary calculates the
"desirable" level of plan assets as of that point in time by subtracting the present value of scheduled future
employee contributions and future employer normal costs from.the total present.value ofbenefita. The
resulting "desirable" level of assets is called the accrued liability.
A plan with assets exactly equal to the plan's accrued liability is simply "on schedule" in funding that
plan, and only future employee contributions and future employer normal costs are needed. A plan with
assets below the accrued liability is "behind schedule", or is said to have an unfunded liabilio~, and must
t~mporarily increase contributions to get back on schedule. A plan with assets in excess of the plan's
accrued liability is "ahead of schedule", or is said to have excess assets, and can temporarily reduce future
contributions. A plan with assets in excess of the total present value of benefits is called super-funded,
and neither future employer nor employee contributions are required. Of course, events such as plan
amendments and investment or demographic gains or losses ct/n change a plan's condition from year to
year. For example, a plan amendment could cause a plan to move all the way from being super-funded to
being in an unfunded position.
The changes in your plan's accrued liability, unfunded accrued liability, and the funded ratio as of June
30, 2000 due to the plan amendment are shown in the table below.
January 8, 2002 Page 2 of 7
CONTRACT AMENDMENT COST ANALYSIS - VALUATION BASIS: JUNE 30, 2000
MISCELLANEOUS PLAN FOR THE CITY OF RANCHO CUCAMONGA
EMPLOYER NUMBER 1172
Benefit Description: Section 21354.4, 2.5% ~ 55 Full Formula
(Includes All Non-Retired Local Miscellaneous Members)
As of June 30, 2000 Current Plan Post-Amendment Post-Amendment Post-Amendment
Alternative 1 Alternative 2 Alternative 3
Entry Age Normal Accrued $ 34,844,606 $ 39,508,810 $ 39,508,810 $ 39,508,810
Liability (AL)
Actuarial Value of Assets (AVA) 51.313,926 51,313,926 53.958.085 59.353.894
Unfunded Liability/(Excess $ (16,469,320) $ (11,805,116) $ (14,4~9~:75) $ (19,845,084)
Assets) (UAL = AL- AVA)
Funded Ratio (AVA / AL) 147.3% 129.9% 136.6% 150.2%
Change to AL 4,664,204 4,664,204 4,664,204
Change to UAL 4,664,204 2,020,045 (3,375,764)
Total Employer Contribution Rate
While the tables above give the changes in the "cost" and funded status of the plan due to the amendment,
there remains the question of what will happen to the employer contribution rate because of the change in
plan provisions.
CalPERS policy is to implement rate changes due to plan amendments immediately on the effective date
of the change in plan benefits. In general, the policy also provides that the change in unfunded liability
due to the plan amendment will be separately amortized over a period of 20 years from the effective date
of the amendment and all other components of the plan's unfunded liability/excess assets will continue to
be amortized separately.
However, your actuary may choose to apply different roles to plans with a current employer contribution
rate of zero. The pre-amendment excess assets in these plans were sufficient to cover the employers
normal cost for one or more years into the future. A plan amendment will use up some or all of the pre-
amendment excess assets. In order to maintain our goal of providing rates thfit are relatively stable, while
taking into account known or expected future events, your actuary may decide to spread any, remaining
excess assets over a single number of years. This is known as a "fresh start" and will generally be for a
period not less than 10 years. If the amendment uses up all excess assets and creates an unfunded liability
(i.e. fi-om being ahead of schedule to behind schedule), the total post-amendment unfunded liability may
be amortized over 20 years.
In no case may the armual contribution with regard to a positive unfunded liability be less than the amount
which would be required to amorhze that unfunded liability, as a level percent of pay, over 30 years.
One aspect &the Board's June 20, 2001 Resolution is that, generally, if an agency elects an alternative
which increases the actuarial value of assets (alternative 2 or 3), the result will be a lower short-term
conMbution and a higher longer-term contribution. To illustrate this we have estimated wlmt the impact
might be when the June 30, 2001 valuation is prepared. Please be aware this estimate assumes there are
no changes to actuarial assumptions or methods, there are no actuarial gains or losses, and there are no
plan changes such as work force changes and employer paid member contributions converted to pay.
However, we have taken into account CalPERS' June 30, 2001 year-end market value rate of return,
-7.2%. The actual employer rate from July 1, 2003 to June 30, 2004 will be set by the June 30, 2001
annual valuation and will likely deviate from this estimate.
January 8, 2002 Page 3 of 7 ~'~'~
3:09 PM
CONTRACT AMENDMENT COST ANALYSIS - VALUATION BASIS: JUNE 30, 2000
MISCELLANEOUS PLAN FOR THE CITY OF RANCHO CUCAMONGA
EMPLOYER NUMBER 1172
Benefit Description: Section 21354.4, 2.5% ~ 55 Full Formula
(Includes All Non-Retired Local Miscellaneous Members)
The table below shows the change in your plan's employer contribution rate due to the plan amendment.
As of June 30, 2000 Current Plan Post-Amendment Post-Amendment Post-Amendment
Alternative 1 Alternative 2 Alternative 3
-- 2~n~2_2003
Payment for Normal Cost 7.003 % 8.261% 8.261% 8.26 I
Payment on Amortization Bases -7.003% -8.122% -8.261% -8.261
Payment for 1959 Survivor 0.000% 0.000% 0.000% 0.000%
Benefit Program
Total Employer Rate 0.000% 0.139% 0.000% 0.000% .
Change to Normal Cost 1.258% 1.258% 1.258%
Change to Total Employer Rate 0.139% 0.000% 0.000%
Current Amortization Base ~ 23-year
Amendment Amortization Base
- Fresh Start a 10-year 13-year 24-year
- Multiple Base 3 N/A N/A N/A
2003-2004
Estimated Employer Rate 4 0.0% 1.4% 2.3% 6.5%
(recognizing-7.2% investment
return for 2000-2001)
Projection ~Amortization Base 17-year Multiple Base Multiple Base Multiple Base
1 - Details of the current amortization base a~e shown on page 7 of June 30, 2000 annual valuation r~port. If you have adopted any other
subsequent amendments, the current amortization base is thc schedule after these adopted amendments.
2 - If a fixed number of yea~ is shown, it means that the current unfunded actuarial liability is projected and amortized over this fixed number of
year~. This amortization replaces the amortization schedule shown in your June 30, 2000 annual valuation and any other subsequent
amendments you have adopted.
3 - If 20-year is shown, it means that changes in liability due to plan amendments and changes in actuarial value of assets are arnortized
separately over a 20-yoar period. This amortization ~chedulc is in addition to the amortizaton schedule shown in the June 30, 2000 annual
valuation and any other subsequent amendments you have adopted.
4 - Excludes 1959 Survivor Benefit Program rate.
In the above table, the information shown in the 2002-2003 box represents the actual initial cun~bution
rate that will apply during fiscal 2002-2003 if you adopt the amendment by June 30, 2002. However,
these figures do not incorporate the -7.2% investment return in 2000-2001. The estimated employer rates
shown in the 2003-2004 box do take the negative return into consideration and will give you a better
estimate of what to expect in 2003-2004.
Note that the change in normal cost in the table above may be much more indicative of the long term
change in the employer contribution rate due to the plan amendment. The plan's unfunded
liability/excess asset cost shown in the table above is a temporary adjustment to the employer contribution
to "get the plan back on schedule". This temporary adjustment to the employer rate varies in duration
from plan to plan. For example, a plan with initial excess assets being amortized over a short period of
time will typically experience a large rate increase when excess assets are fully amortized. While a plan
amendment for such a plan may produce little or no increase in the employer contribution rate now, the
change in normal cost due to the plan amendment will become fully reflected in the employer
contribution rate as soon as initial excess assets are fully amortized.
January 8, 2002 Pa~,e 4 of 7
CONTRACT AMENDMENT COST ANALYSIS - VALUATION BASIs: JUNE 30, 2000
MISCELLANEOUS PLAN FOR THE CITY OF RANCHO CUCAMONGA
EMPLOYER NUMBER 1172
Benefit Description: Section 21354.4, 2.5% ~ 55 Full Formula
(Includes All Non-Retired Local Miscellaneous Members)
Disclosure
If your agency is requesting cost information for two or more benefit changes, the cost of adopting more
than one of these changes may not be obtained by adding the individual costs. Instead, a separate
valuation must be done to provide a cost analysis for the combination of benefit changes. If the proposed
plan amendment applic~ to only ~umc
amendment still applies to thc entire plan, and is still based on the total plan payroll.
Any mandated benefit improvements not included in the June 30, 2000 annual valuation (such as the
change to thc 90% cap for safety plans) have not been incorporated into this cost analysis.
Please note that the cost analysis provided in this document may not be relied upon once the CalPERS
actuarial staff have completed the next annual valuation, that is, the annual valuation as of June 30, 2001.
If you have not taken action to amend your contract, and we have already mailed the June 30~ 2001
annual valuation report, you must contact our office for an updated cost analysis, based on the new annual
valuation.
Descriptions of thc actuarial methodologies, actuarial assumptions, and plan benefit provisions may be
found in the appendices of thc June 30, 2000 annual report. Please note that the results shown here are
subject to change if any of the data or plan provisions change from what was used in this study.
Certification
This actuarial valuation for the proposed plan amendment is based on the participant, benefits, and asset
data used in the June 30, 2000 annual valuation, with the benefits modified if necessary to reflect what is
currently provided under your contract with CalPERS, and further modified to reflect thc proposed plan
amendment. The valuation has been performed in accordance with standards of practice prescribed by thc
Actuarial Standards Board, and the assumptions and methods are internally consistent and reasonable for
this plan, as prescribed by the CalPERS Board of Administration according to provisions set forth in the
California Public Employees' Retirement Law. The valuation has been preparcd in accordance with
generally accepted actuarial practice except that, under a CalPERS Board resolution, an increased
actuarial value of assets may be substituted for the actuarial value of assets that would have been
produced by the current and generally accepted actuarial asset smoothing method described in the annual
report. If your agency elects not to increase the actuarial value of assets permitted by the Board
resolution, then no exception exists.
Gale D. Patrick, F.S.A., M.A.A.A.
Enrolled Actuary
Senior Pension Actuary, CalPERS
Fin Process Ids: Annual-71597 Base-80866 Altl-80867 Alt2-80868 Alt3-80869 ~'~
January 8, 2002 Page 5 o:[7
3:09 PM
CONTRACT AMENDMENT COST ANALYSIS - VALUATION BASIS: JUNE 30, 2000 ' '
MISCELLANEOUS PLAN FOR THE CITY OF RANCHO CUCAMONGA
EMPLOYER NUMBER 1172
Benefit Description: Section 21354.4, 2.5% 1~ 55 Full Formula
(Includes All Non-Retired Local Miscellaneous Members)
Summary of Plan Amendments Valued
COVERAGE GROUP 70001
Pre-Amendment
· The Service Retirement benefit calculated for service earned by this group of members is
a monthly allowance equ~l to the product of the 2% ~ 55 benefit factor, years of service, '
and final compensation. (Final compensation is reduced by $133.33 per month for
members with a modified formula). The benefit factors for retirement at integral ages are
shown below:
Retirement 2% at' 55 Retirement 2% at 55
Acle Factor Agle Factor
50 1.426% 57 2.104%
51 1.522% 58 2.156%
52 1.628% 59 2.210%
53 1.742% 60 2.262%
54 1.866% 61 2.314%
" 55 2.000% 62 2.366%
56 2.052% 63 and older 2.418%
· This group of members is required to contribute 7% of reportable earnings. 13Members
with a modified formula contribute 7% of reportable earnings in excess of $133.33 per
month).
· Post-Amendment
· The Service Retirement benefit calculated for service earned by this group of members
(including all non-retired members) is a monthly allowance equal to the product of the
2.5% ~ 55 benefit factor, years of service, and final compensation. (Final compensation
is reduced by $133.33 per month for members with a modified formula). The benefit
factors for retirement at integral ages are shown below:
Retirement 2.5% at 55
ACle _Factor
50 2,000%
51 2.100%
52 2.200%
53 2,300%
54 2.400%
55 and older 2.500%
· This group of members is required to contribute 8% of reportable earnings. (Members
with a modified formula contribute 8% of reportable earnings in excess of $133.33 per
month).
January 8, 2002 Page 6 of 7
CONTRACT AMENDMENT COST ANALYSIS - VALUATION BASIS: JUNE 30, 2000
MISCELLANEOUS PLAN FOR THE CITY OF RANCHO CUCAMONGA
EMPLOYER NUMBER 1172
Benefit Description: Section 21354.4, 2.5% ~ 55 Full Formula
(Includes All Non-Retired Local Miscellaneous Members)
Probability of Retirement for New Miscellaneous Benefit Formulas
The introduction of the three new miscellaneous formulas will affect future retirement behavior. As a
result, we developed 3 sets &probability of retirements to reflect the estimated changes in retirement
~,atte~,i. At th~a°ir~t, we car~et4~3~the~-xact impact the new form~!~s will have A~fyp.4i~_-
experience studies in the future, we will modify our retirement assumptions accordingly. The table below
contains the new probability of retirement.
2.5% ~: 55 2.7% ~ ! 55 3% ~ 60
Retirement Age Male Female Male Female Male Female
50 5% 7% 5% 7% 5% 7%
51 2% 5% 2% 5% 2% 5%
52 3% 5% 3% 5% 3% 5%
53 3% 5% 3% 6% 3% 5%
54 4% 5% 4% 6% 4% 5%
55 8% 9% 9% 10% 8% 9%
56 6% 7% 7% 8% 7% 8%
57 7% 6% 8% 7% 8% 7%
58 8% 10% 8% 10% 9% 11%
59 9% 9% 10% 9% 11% 10%
60 16% 12% 17% 13% 19% 15%
61 15% 10% 16% 11% 17% 12%
62 26% 21% 28% 23% 31% . 25%
63 22% 18% 23% 20% 26% 22%
64 15% 13% 16% 14% 18% 16%
65 25% 25% 27% 27% 30% 30%
66 14% 15% 15% 16% 17% 18%
67 12% 14% 13% 16% 14% 17%
68 12% 11% 13% 12% 15% 13%
69 9% 13% 10% 14% 11% 15%
70 100% 100% 100% 100% 100% 100%
January 8, 2002 Page 7 of 7
CITY OF RANCHO CUCAMONGA
SUMMARY OF ACTUARIAL VALUATION
PROVIDED BY
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
JUNE 20, 2002
· Change in Present Value of Benefits $7,263,183
· Increase in Actuarial Value of Assets $ -0-
· Change in Unfunded Accrued Liability $4,664,204
· Change in the Total Employer Rate 0.139%
Summmy of Actuarial Valuation
CITY OF RANCHO CUCAMONGA
MISCELLANEOUS EMPLOYEES SUPPLEMENTAL PLAN
Actuarial Study
JOHN E. BARTEL, Aon Consulting
~v ~0~ 2002
AGENDA
.,Topic Page
Benefit Summary 1
Actuarial Assumptions 3
Actuarial Methods 7
Demographic Information 9
Valuation Results 11
o:kllent~kity of rancho cucamonga~aes\l- 1-02 v'~results m~c 02-05-30 final.doc
BENEFIT SUMMARY
· Eligibility · Miscellaneous employees
· Retire directly from the Ci.ty - Age 56 with 10 years service
· Benefit · Executive Management and City Council - Including car allowance in
pensionable earnings
· 3% @ 60 @ 10 years service, offset by 2.5% @ 55 benefit using same
service
Net Benefits for 3% @ 60
Age 3%@60 2.5%@55 Net
56 2.600 2.500 0.100
57 2.700 2.500 0.200
58 2.800 2.500 0.300
59 2.900 2.500 0.400
60+ 3.000 2.500 0.500
BENEFIT SUMMARY
· Cost of Living Increases · Benefits adjusted same as CalPERS (2% COLA)
· Death Benefit · None
· Disability Benefit · None, unless eligible to service retire
ACTUARIAL ASSUMPTIONS
Assumption Supplemental Plan
· Interest rate: 7.5%
+1.0%
· Salary increases:
Service Ann. Incr.
· Individual 0- 214.20%
3- 76.36
8-294.80
30+ 3.75
· Aggregate payroll 3.75%
· General inflation 3.50%
ACTUARIAL ASSUMPTIONS
Assumption CalPERS Supplemental Plan
· Service retirement (3% @ 60) A__gg Rate Age Rate A_~gg Rate A_gg Rate
50 5% 61 17% 50 0 % 61 17%
51 2 62 3151 0 62 31
52 3 63 2652 0 63 26
53 3 64 1853 0 64 18
54 4 65 3054 0 65 30
55 8 66 1755 0 66 17
56 7 67 1456 32 67 14
57 8 68 1557 8 68 15
58 9 69 1158 9 69 11
59 '11 70 100 59 11 70 100
60 19 60 19
Average retirement age Average retirement age
59.6 60.1
ACTUARIAL ASSUMPTIONS
Assumption CalPERS Supplemental Plan
· Termination (including with and First 5 Year Same
without refund and disability) Svc Rate Svc Rate
0-1 6.4% 3-4 6.3~
1-2 11.5 4-5 5.1
2-3 7.9
After 5 Years
A~ Rate A_~ Rate
20 6.0% 45 0.8°~
25 3.9 50 0.7
30 2.5 55 0.6
35 1.6 60 0.6
40 1.1
· Mortality rates CalPERS' 1988-1992 Same
Experience Study
PRESENT VALUE OF BENEFITS
(ACTUARIAL LIABILITY)
Future
Costs
Current
Not'mM Cost
ACTUARIAL METHODS
· PVB - Projected Value of all Benefits:
· Discounted value, at measurement (valuation date - 1/1/02), of all future expected
benefit payments
· Expected benefit payments based on various (actuarial) assumptions
· AL - Actuarial Liability:
· Discounted value, at measurement (valuation date - 1/1/02), of benefits earned
through measurement
~ Service @ measurement
~ Salary, inflation, etc. projected same as PVB calculation
· Portion of PVB "earned" at measurement
· Normal Cost:
· Discounted value, at measurement (valuation date - 1/1/02), of benefits earned
during coming year
~ Service during year
~ Salary, inflation, etc. projected same as PVPB calculation
· Portion of PVPB "earned" during year
ACTUARIAL METHODS
Method Comments
· Cost Method · Entry Age Normal
· Acceptable under GASB 27
· Same as CalPERS ~
· Annual Required · 20 & 30 year amortization of unfunded actuarial liability
Contribution · Level percentage of pay
· Acceptable under GASB 27
· Same as CalPERS
,non
DEMOGRAPHIC INFORMATION
MISC CCL FPD Total
· Actives 320 5 14 339
· Average:
· Age 42.7 55.6 42.5 42.9
· Service 8.9 7.1 7.1 8.8
· Pay 49,982 15,798 49,000 49,437
· Aggregate Payroll 15,994,00079,000 686,00016,759,000
DEMOGRAPHIC INFORMATION
Service
Age 0-4 5-9 10-14 15-19 20-?A 25-29 30-34 Total
15-24 Coum 13 13
Average Salar] 33,632 33,632
25-29 Coun~ 28 28
Average Salar~ 37,362 37,68( 37,384
30-34 Coun~ 24 4 34
Average 5alar3 42,72~ 39,00~ 42,792 '42,078
35-39 Coun~ 24 19 .2 54
Average Salaq 47,94~ 43,477 48,21G 61,464 47,796
40-44 Countl 1~ 9 26 9 1 63
Average Salary 44,034 38,027 52,407 63,805 32,772 ' 49,277
45-49 Count lC~ 11 17 7 4 5~
Average Salary 50,59.~ 48,622 48,72~ 71,710 53,568 59,32~ 52,543
50-54 Count ], 3 1~ 10 11 47
Ave~-age .galary 37.346 93,444 53.271 62.639 71.905 59,81~
55-59 Count 4 4 1'~ 5 2 3~
Average Salary 72,678 57,765 52,692 56,71~3 69,624 57,51(
60-64 Count 4 2 1 *~
Average Salar~ 38,413 46.464 92.496 48.440
65-69 Count 1 1 2
Average Salar~ 15,438 52,896 34,167
70+ Counl
Average ~lar)
Total Counl 136 44 104 3~ 19 1 339
A~,~e SalaO 43.429 47.481 50.315 62.91~ 66.829 59.328 49.437
VALUATION RESULTS
· Present Value of Benefits $7,737,000
· Actuarial Liability 4,663,000
· $ Contribution
(20-year amortization)
· Normal Cost $ 315,000
· Amortization 320,000.
· Total 635,000
· Contribution Rate
(20-year amortization)
· Normal Cost 1.9%
· Amortization 1.9
· Total 3.8
VALUATION RESULTS
· $ Contribution
(30-year amortization)
· Normal Cost $ 315,000
'· Amortization 248,000
· Total 563,000
· Contribution Rate
(30-year amortization)'
· Normal Cost 1.9%
· Amortization 1.5
· Total 3.4
· Interest Rate Sensitivity
(20-year amortization)
· +1.0% (0.5)%
· - 1.0% O.7
ACTUARIAL CERTIFICATION
We prepared a June 30, 2002 actuarial study for the City of Rancho Cucamonga PARS
Retirement Enhancement Plan. The employee data and financial information used in this
study were not audited by us. On the basis of our review of the data, we believe that the
information is sufficiently complete and reliable, and that it is appropriate for the purposes
intended.
In my opinion, each assumption used in this valuation is reasonable taking into account the
Plan's experience. The methods employed in this valuation are consistent with generally
accepted actuarial principles and practices.
Therefore, the information as presented in this Study fully and fairly discloses the actuarial
position of the Plan.
John E. Bartel, ASA, MAAA, EA
Vice President
PUBLIC AGENCY
R~=TiREIVIENT 'SYSTEM (PARS)
TRUST AGREEMENT
PREAMBLE
The Huntington Beach City School District and State Center Community College District.
formed and adopted the Public Agency Retirement System Trust ("PARS Trust") on
July 1,1991 ("Effective Date"). Subsequent to the Effective Date other California public
agencies adopted the PARS Trust as the funding vehicle for tax qualified retirement
plans for employees. Subsequent to the Effective Date the PARS Trust was amended.
Effective as of July 1, 1999 ("Amended Effective Date") the PARS Trust was amended
and restated in its entirety as contained herein. This amended and restated Trust shall
supersede all prior versions of the PARS Trust as of the Amended Effective Date.
TABLE OF CONTENTS
ARTICLE PAGE
ARTICLE I DEFINITIONS 3
ARTICLE II THE PARS TRUST PROGRAM 4
ARTICLE III ADMINISTRATIVE MATTERS 7
ARTICLE IV THE TRUSTEE t2
ARTICLE V INVESTMENTS 18
ARTICLE VI FIDUCIARY RESPONSIBILITIES 25 ·
ARTICLE VII AMENDMENT, TERMINATION AND MERGER 28
ARTICLE VIII MISCELLANEOUS PROVISIONS 30
ARTICLE IX ACKNOWLEDGMENT AND ACCEPTANCE 32
2567_12 PEL
Article I
DEFINITIONS
1.1 "Acf' shall mean California Government Code Sections 53215 - 5~224, or their
successor sections.
1.2 UAgreement for Administrative Services" shall mean the agreement executed
between the Member Agency and the Trust Administrator which authorizes the
Trust Administrator to perform specific duties of administering the Member
Agency Plan and related Agency Trust.
"Amended Effective Date" shall mean July 1, 1999, the date the PARS Trust
Agreement was amended and restated in its entirety.
1.4 "Assets" shall mean all contributions and transfers of assets received by an
Agency Trust on behalf of a Member Agency's Plan, together with the income
and earnings from such contributions and transfers and any increments accruing
to them.
1.5 'Agency Trust" shall mean the legally separate and individual trust, whose
provisions are identical to those of the PARS Trust Agreement, that is
established by a Member Agency when it adopts the, PARS Trust by executing
an Adoption Agreement.
1.6 ~Altemate Trustee" shall mean a trustee, other than the Trustee of the PARS
Trust' Program, appointed by a Member Agency to serve as a trustee of a portion.
of such 'Agency Trust's assets as to which the Trustee serves as custodian.
1.7 "Code"shall mean the Internal Revenue Code of 1986 as amendedfromtime to
time.
1.8 "Custodian" shall mean Union Bank of California, NJ~. whose duties are limited
to those specified in Section 4.3.
1.9 "Delegatee" shall mean an individual or entity, appointed by' the Plan
Administrator or Member Agency to act in such matters as are specified in the
appointment.
1.10 "Effective Date" shall mean July 1, 1991, the date the PARS Trust Program was
established.
1.11 "Investment Fiduciary" shall mean the fiduciary with the authority and duty to
direct the investment and management (including the power to direct the
3
2567_12 PEL ?9
acquisition and disposition) of some or all of the Assets of the Agency Trust
appointed by a Member Agency for its Agency Trust.
1.12 "Omnibus Account" shall mean an account, established for record keeping
purposes only, to commingle the Assets of the Agency Trust.
1.13 "Member Agency" shall mean a California Publi~: agency that adopts the
provisions of the PARS Trust Agreement.
1.14 "Plan" shall mean the tax qualified plan whose assets the Agency Trust holds.
1.15 "Plan Administrator" shall mean the individual designated by position of
employment at the Member Agency to act on its behalf, in all' matters relating to
the Member Agency's participation in the PARS Trust 'Program and Agency
Trust.
1.16 '"PARS Trust Agreement" or 'q-rust Agreement" shall mean the pro forma Public
Agency Retirement .System trust document adopted by each Member Agency
upon execution o[an Adoption Agreement, as amended from time ,to time..
1.17 "PARS Trust Program" shall mean the Public Agency Retirement Sys{em trust
arrangement.
1.18 "Participant" shall mean individual participating in a Member Agency Plan or that
individual's beneficiary. ,,
1.19 'q-rust Administrator" shall mean Phase II Systems.
1.20 'q'rUstee" shall mean the entity appointed astrustee of the PARS Trust.{hatshall ..
also serve as trustee of .each Agency Trust established' pursuant to the
provisions of this trust agreement-except.where an Altemate,T. rustee has been
appointed.
Article II
THE PARS TRUST'PROGRAM "
2.1 Multiple Employer Trust
The PARS Trust Program is a multiple employer trust arrangement established to
provide economies of scale and efficiency of administration to public agencies
' that adopt it to hold the assets of their Member Agency Plans maintained for the
benefit of their employees. The PARS Trust Program consists of the Agency
Trusts adopted and not terminated by Member Agencies.
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2.2 Qualified Governmental Retirement Trust
The PARS Trust Program is established pursuant to the provisions of Section
501 of the Internal Revenue Code of 1986, as amended (the "Code"), and
California 'Government Code Sections 53215 through 53224 providing for
pension trusts established by public agencies.
2.3 Date of Adoption
The date as of which each Member Agency adopts the PARS Trust Program
shall be the "Effective Date" of the PARS Trust Agreement and the Agency Trust,
as defined in Section 2.5, as to that Member Agency.
2.4 Member Agencies
Any California public agency may, by action of its governing body in a writing
accepted by the Trustee, adopt the provisions of the PARS Trust Agreement as
the trust portion of a qualified governmental retirement plan establish'ed for the
benefit of its employees. Executing an adoption instrument for the PARS Trust
Program ("Adoption Agreement"), attached hereto as Exhibit "A", shall constitute
such adoption, unless the Trustee requires additional evidence of adoption, in
order for such adoption to be effective, the public agency must also execute an
Agreement for Administrative Services with Phase II Systems, the Trust
Administrator, pursuant to section 3.6 of this PARS Trust Agreement. Such
adopting employer shall then become a Member Agency of the PARS Trust
Program.
·. Each such Member Agency shall, at a minimum, furnish the Trust Administrator
with the following-dOCuments to 'support its adoption of the PARS Trust Program:
(a) a certified copy of the-Member Agency governing, body resolution
authorizing the adoption of the PARS Trust Agreement and the
· appointment of an individual designated by: positionof..employment at the
Member Agency to act on its behalf in all matters relating to the Member
Agency's participation in the PARS Trust Program and Agency Trust
("Plan Administrator");
(b) an original of the Adoption Agreement executed by the Plan Administrator
or other duly authorized Member Agency employee;
(c) an original of the Agreement for Administrative Services with Phase II
Systems executed by the Plan Administrator or other duly authorized
Member Agency employee and Phase II Systems;
(d) an address notice; and
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(e) such other documents as the Trustee may reasonably request.
2.5 Agency Trust
By adopting the PARS Trust Agreement, as provided in Section 2.4, a Member
Agency shall be deemed to have adopted a egally separate and individual
Agency Trust whose provisions are identical to those of the PARS Trust
Agreement. The Assets of an Agency Trust shall be available only to pay
benefits pursuant to the provisions of the Plan to participants and beneficiaries of
the Member Agency entitled to receive benefits under the provisions of the Plan.
The Agency Trust is created for the purpose of receiving contributions made to
fund the Member Agency's Plan; accumulating, managing and investing those
contributions; and providing benefits to active or retired participants of the Plan,
their joint annuitants, or their beneficiaries. Each Agency Trust shall be used to
fund only a single Plan maintained by the Member Agency. A Member Agency
may establish additional AgenCy Trusts to fund the assets of additional Plans by
executing oneor more additional Adoption Agreement(s).
2.6 Assets of Agency Trust
The assets of the Agency Trust shall consist of all contributions and transfers
received by the AgenCY Trust on behalf of the Member Agency's Plan, together
with the income and earnings from such contributions and transfers, and any
increments accruing to them ("Assets"). All contdbut~ons or transfers shall be
received by the Trustee in cash or in other property acceptable to the Trustee.
The Trustee shall' manage and administer the Assets of the Agency Trust without
distinction between principal, and income. The Trustee and the Trust
Administrator shall have no duty to compute any amount to. be transferred.or paid
to the Agency Trust .by the Member Agency and the Trustee and the Trust
Administrator shall not be responsible for the collection of.any contributions or.
transfers to the Agency Trust;
2.7 Commingling for Investment and Administration .
The Assets of more than one Agency Trust may be commingled by the Trustee
or Investment Fiduciary in one or more Omnibus Accounts for investment and
administrative purposes, to provide economies of .scale and efficiency of
administration to the Agency Trusts. The responsibility-for Plan level accounting.
within this Omnibus Account(s) shall be that of the Trust Administrator.
2.8 Trustee Accounting
The Trustee shall be responsible only for maintaining records and maintaining
accounts for the aggregate assets of the PARS Trust Program. The
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responsibility for Plan level accounting for each Agency Trust, based upon the
Omnibus Account(s), shall be that of the Trust Administrator.
2.9 No Diversion of Assets
The Assets in each Agency Trust shall be held in trust for the exclusive purpose
of providing benefits to the Participants of the Plan for which the Agency Trust is
holding assets and defraying the reasonable expenses of such Plan. The Assets
shall not be used for or diverted to, any other purpose.
2.10 Type and Nature of Trust
Neither the full faith and credit nor the taxing power of each Member Agency, the
State of California or any political subdivision thereof other, than each Member
Agency is pledged to the distribution of benefits hereunder. -Except for
contributions and other amounts hereunder, no other amounts are pledged to the
distribution of benefits hereunder. Distributions of benefits are neither general
nor special obligations of any Member Agency, but am payable solely from the
Assets of each Agency Trust, as more fully described herein... No employee of
any Member Agency or beneficiary may compel the exemise of the taxing power
by any Member Agency.
Distributions of Assets under any Agency Trust are not debts of any Member
Agency, the State of California or any of its political subdivisions within the
meaning of any constitutional or statutory limitatien or restriction. Such
distributions are not legal or equitable pledges, charges, liens or encumbrances,
upon any of a Member Agency's property, or upon any of its income, receipts, or
revenues, except amounts in the accounts which are, under the terms of each
" Plan, Agency'Trust and the Act, set aside for distributions. Neither the members
of the legislative body of any Member Agency nor its officers, employees, agents
or volunteers are liable hereunder.
Article III
iADMINISTRATIVE MATTERS
3.1 Appointment of Trustee ........
Two thirds or more of the Member Agencies acting jointly, may by a' two-thirds or
greater vote, act to appoint a bank, trust company, retirement board, insurer,
committee or such other entity as permitted by Califomia law, to serve as the
trustee of the PARS Trust Program ("Trustee"). Such action must be in writing.
Upon the written acceptance of such entity it shall become the Trustee of the
PARS Trust Program and, subject to the provisions of Section 3.10, the trustee of
each Agency Trust. By executing an Adoption Agreement, the adopting Member
2567_12 PEL
Agency hereby appoints the Union Bank of California, N.A. as the Trustee as of
the Amended Effective Date.
3.2 Removal of Trustee
Two thirds or more of the Member Agencies acting jointly, may by a vote of two -
thirds or greater, act to remove the Trustee, Such action must be in ,wdting and
delivered to the Trustee and the Trust Administrator. Upon such removal 'from
the PARS Trust the Trustee shall, also be removed as trustee of each of the
Agency Trusts. The Plan Administrator may remove the Trustee as trustee of an
Agency Trust by giving at least ninety (90) days prior written notice to the Trustee
and the Trust Administrator and withdrawing from the PARS Trust Program.
3.3 Resignation of Trustee
The Trustee may resign as trustee of the PARS Trust Program at any time by
giving at least ninety (90) days prior written notice to the 'Trust Administrator and
to each Plan Administrator of each Member Agency that has adopted the PARS
Trust Agreement and not terminated its participation in the PARS Trust Program.
Such resignation shall also be deemed a resignation as trustee of each'of the
Agency Trusts. The Trustee may resign as trustee' of; an Agency TrUst by giving
at least ninety (90) days written notice to the Plan AdministratOr of such Agency
Trust and to the Trust Administrator. The Member AgenCy's appointment of a
successor trustee to the Agency Trust will vest the successor trustee with title to
the Assets' of its Agency Trust upon the successor tru~tee's.acceptance of such
appointment. ..
3.4 The Plan Administrator .
The governing body of each Member Agency Shall have plenary authority for the
administration and investment of the Agency Trust pursuant to the laws and
Constitution of the State of California and applicable federal laws'and
regulations. Each Member Agency shall by 'resolution designate, a .Plan
Administrator. Unless otherwise specified in the instrument the Plan
Administrator shall be deemed to have authority toact on behalf of the Member
Agency in all matters pertaining to the Member Agency'S participation in the
PARS Trust Program and in regard to the Agency Trust of the Member Agency.
Such appointment of a Plan Administrator shall be effective upon receipt.and.
acknoWledgment 'by the Trustee and the Trust Administr~'tor: and Shall-be'-.
effective until the Trustee and'Trust Administrator are furnished with a resolution
of the Member Agency that the appointment has been modified or terminated.
3.5 Failure to Appoint Plan Administrator
If a Plan Administrator is not appointed, or such appointment lapses, the Member
Agency shall be deemed to be the Plan Administrator. As used in this document
2567_12 PEL
Plan Administrator shall be deemed to mean Member Agency when a Plan
Administrator has not been appointed.
3.6 Delegatee
The Plan Administrator, acting on behalf of the Member Agency, r~ay delegate
certain authority, powers and duties to an entity to act in those matters specified
in the delegation ("Delegatee"). Any such 'delegation must be in a writing that
names and identifies the Delegatee, states the effective date of the delegation,
specifies the. authority and duties delegated, is executed by the Plan
Administrator and is acknowledged in writing by .the Delegatee, the Trust
Administrator (if not the Delegatee) and the Trustee.- Such delegation shall be
effective until the Trustee and the Trust Administrator are directed in wdting by
the Plan Administrator that the delegation has been rescinded or modified.
3.7 Certification to Trustee : '
The governing body of each Member Agency, or. other duly authorized official,
shall certify in writing to. the Trustee and the Trust Administrator the names and
specimen signatures of'the Plan Administrator and Delegatee, if any, and all
others authorized to act on behalf of the Member 'Agency whose names and
specimen signatures shall be kept accurate by the Member Agency acting
through a duly authorized official or governing body of the Member AgencY. The
Trustee and 'the Trust Administrator shall have no liability if it acts upon the
direction of a Plan Administrator or Delegatee that ha§' been duly authorized, as
provided in Section 3.6, 'if' that Plan Administrator or Delegatee is no longer
authorized to act, unless the Member Agency has informed the TrUstee and the
Trust Administrator of such change. -
3.8 Directions to Trustee
Except as provided in section 5;-18 .:of'this ~3'rust-Agreement,~.all~-directi°!!s to the
Trustee from the Plan Administrator or Delegatee must-be in writ!ng and must be
signed by the Plan Administrator or Delegatee, as the case may be..For all
purposes of this Trust Agreement, direction shall include any certification, notice,
authoriZation, ~-application' or instruction of the'PIan· Administrator,. De!egatee or
Trustee appropriately, communicated. The above' notwithstanding direction may
be implied if the'Plan Administrator or Delegatee has knoWledge Of the Trustee's
intentions and fails to file written objection.
The Trustee shall have the power and duty to comply promptly with all proper
.direction of the Plan Administrator, or Delegatee, appointed in accordance with
the provisions of this PARS Trust Agreement. In the case of any direction
deemed by the Trustee to be unclear or ambiguous the Trustee may seek written
instructions from the Plan Administrator, the Agency or the Delegatee on such
2567_12 PEL
matter and await their written instructions without incurring any liability. If at any
time the Plan Administrator or the Delegatee should fail to give directions to the
Trustee, the Trustee may act in the manner that in its discretion seems advisable
under the circumstances for carrying out the purposes of the PARS Trust
Program and/or any Agency Trust which may include not taking any action. The
Trustee may request directions or clarification of directions received and may
delay acting until clarification is received. In the absence, of timely direction or
clarification, or if the Trustee considers any direction to be a violation of the
PARS Trust Agreement or any applicable law, the Trustee shall in its sole
discretion take appropriate action, or refuse to act upon a direction.
3.9 Alternate Trustee
A Member Agency may appoint atrustee,.other than the Trustee,. as to a portion
of the assets in the Agency Trust by designating'such'person or entity as an
Alternate Trustee on the Adoption Agreement and by specifying which assets
shall be subject to the fiduciary management of the Alternate Trustee. Such
appointment shall not be effective unless it is in writing, specifies cleady the
assets 'as. to which the Alternate Trustee is to have trustee powers, .is
acknoWledged 'in wdting 'l~y the Alternate Trustee, is delivered to and
acknowledged by the Trustee and the Trust. Administrator. Only a .bank, :trust
company, retirement board, insurer, the Member Agency or such entity, as
permitted by Califomia law to be a trustee may be appointed an Alternate
Trustee. Such appointment will become effective upon acceptance by the
Alternate Trustee. ,,.
3.10 Powers Of Alternate Trustee
The Alternate Trustee shall be deemed to have all of the powers and duties and.
responsibilities' specified in the PARS Trust Agreement for the PARS Trustee in
Article IV unless otherwise specifiedin~the Adoption Agreement..
3.11 Resp0n~ibility of Trustee Upon Appointment:'of:Altemate.-Trustee ·
Upon me appointment of an Alternate Trustee, the Trustee shall have no liability
or responsibility for any matters relating to the management, investment: or
admini§tration 'Of'those assets as 'to which the . Alternate 'Fruste.e has been
appointed and shall only have the duties set forth in Section 4.3....
3.12 Trust Administrator
The Member Agencies have appointed Phase II Systems as the Trust
Administrator. The Trust Administrator has accepted its appointment subject to
each Member Agency's delegation of authority, to act as such, pursuant to
Section 3.6 of this PARS Trust Agreement. The Trust Administrator's duties
2567_12 PEL
involve the performance of the following services pursuant to the provisions of
this trust agreement and the Agreement for Administrative Services:
(a) Performing pedodic accounting of the Agency Trust;
(b) Directing the Trustee to make distributions from the Agency Trust to
Participants pursuant to the provisions of the Member Agency's Plan and
liquidate assets in order to make such distributions;
(c) Notifying the Investment Fiduciary of the amount of Assets in the Agency
Trust available for further investment and management by the Investment
Fiduciary;
(d) Allocating contributions, earnings and expenses to.each Agency Trust; ·
(e) Directing the Trustee to pay insurance premiums, to pay the fees of the
Trust Administrator and to do such other acts as shall be approPriate to
carry out the intent of the Agency Trusts. ..
(f) Such other services as the' Member Agency and the Trust Administrator ..
may 'agree in .the Agreement for Administrative Services purSuant to
Section 2.4.
3.13 The Trust Administrator shall be entitled to rely on, anc~ shall be under' no.duty to
question, direction and/or data received from the .Plan Administrator, or other
duly authorized entity, in order to perform its authorized duties under this trust.
agreement: The-'i'mst Administrator shall not. have. any duty .to compute. .
contributions 'made to the Agency Trust, determine or inquire whether
contributions made to the Agency. Trust.by the Plan,Administrator or other duly
authorized entity' are adequate'tomeet and'discharge:4iabilities~unde[ the Plan; or
determine or~ inquire whether contributions.~'-made'~,t°-~the~''-/'Ngency~-Trust' are in
compliance with the Plan; The Trust Administrator shall nOt be liable for non
performance of duties if such non performance is directly caused by erroneous,
and/or late delivery of, directions or data from the Plan Administrator, or other
duly authoriZed entity~ ~,, · .'.
3.14 Additional Trust Administrator Services '~
The Plan Administrator may at any time retain the Trust Administrator as its
agent to perform any act, keep any records or accounts and make any
computations which are required of the Member Agency or the Plan
Administrator by this PARS Trust Agreement or by the Member Agency's Plan.
The Trust Administrator shall be separately compensated for such service and
such services shall not be deemed to be contrary to the PARS Trust Agreement.
2567_12 PEL
3.15 Trust Administrator's Compensation
As may be agreed upon from time to time by the Member Agency and Trust,
Administrator, the Trust Administrator will be paid reasonable compensation for
services rendered or reimbursed for expenses properly and actually incurred in
the performance of duties with respect to the Agency Trust and to the PARS
Trust Program in accordance with Section 53217 of the Act.
3.16 Resig nation or Removal of Trust Administrato~
The Trust Administrator may resign .at any time by giving at least one hundred
twenty (120) days wdtten notice to each Member Agency of:the PARS Trust
Program and the Trustee. The Member Agencies, . by a two-thirds or greater
vote, may remove the Trust' Administrator by delivering, at least one hundred
twenty (120) days prior to the effective date of such removal, written notice to the
Trust Administrator and to the Trustee.
· Article IV
THE TRUSTEE
\
4.1 Powers and Duties of the Trustee
Except as otherwise provided in Article V and subject to Article VI, the Trustee
shall have'full power and authority with respect to property held.in the Agency
Trust to do all such acts, take all proceedings, and exemise all such dghts and
privileges, whether specifically referred to or not .in this;document, as could, be
done, taken or exemised by the absOlute ~owner, in¢ uding;;~with.°ut.limitation, the
following: .i
(a) To invest.and reinvest the Assets or any part hereof in any one. or more
kind, type, class, 'item or parcel of property, real, personal or mixed,.
tangible or intangible; or in any one or. more kind, type, class item or issue ~
of investment or security; or in any one or more kind, type, class or item of
obligation, secured or unsecured; or in any combination .of them. To retain
the property for the period of time that the Trustee deems appropriate;
(b) To acquire and sell options to buy securities ("call" options) and to acquire
and sell optiOns to sell securities ("put" options);
(c) To buy, sell, assign, transfer, acquire, loan, lease (for any purpose,
including mineral leases), exchange and in any other manner to acquire,
manage, deal with and dispose of all or any part of the Agency Trust
2567 12 PEL
property, for cash or credit and upon any reasonable terms and
conditions;
(d) To make deposits, with any bank or savings and loan institution, including
any such facility of the Trustee or an affiliate thereof provided that the.
deposit bears a reasonable rate of interest;
(e) To invest and reinvest the Assets, or any part thereof in any one or more
collective investment trust funds, including common and group trust funds
that consist exclusively of assets of exempt pension and profit sharing
trusts and individual retirement accounts qualified and tax exempt under
the Code, that are maintained by the Trustee or.an affiliate thereof. The
declaration of trust or plan. of -" operations for ~any:~:such common or
collective fund is hereby incorporated herein and adopted into this PARS
Trust Agreement by this reference. The combining. ,of money and other
assets of the Agency Trust with money and other assets of other qualified
trusts-in such fund or funds is specifically authorized. Notwithstanding
- anything:to the contrary in this trust agreement, the Trustee shall have full
investment responsibility over assets of the trust invested, in such
commingled funds. If the plan and trust for any reason lose their tax
exempt status, and the Assets have been commingled with assets of other
tax exempt trusts in Trustee's collective investment funds, the Trustee
shall within 30 days of notice of such loss of tax exempt status, liquidate
the Agency Trust's units of the collective investment fund(s) and invest the
proceeds in a money market fund. pending investment or other instructions
from the Plan Administrator. The Trustee shall not be liable for any loss or
gain or taxes, if any, resulting'from said liquidation;
(f) 'To place uninvested cash and cash awaiting distribution in one or more ....
mutual funds and/or commingled investment funds maintained by or made
available by the Trustee, and,tO,r, eceiVe.compensation:--from the sponsor of
such fund(s) for'services rendered,~separateand~apart4rom any Trustee's .
fees hereunder. Trustee or. Trustee's~affiliate.'may¢,also.be compensated
'for providing investment advisory services to any mutual fund. or
commingled investment funds;
(g) To borrow money for the purposes of the Agency Trust from. any source · ·
with or Without giving security; to pay interest; to issue promissOry notes
· ' 'and to Sec~re the. repayment thereof by pledging all or any part' of the
Assets;
(h) To take all of the following actions as directed by the Investment Fiduciary
or other person with investment discretion over the trust assets: to vote
proxies of any stocks, bonds or other securities; to give general or special
proxies or powers of attorney with or without power of substitution; to
exercise any conversion privileges, subscription rights or other options,
2567_~2 PEL
and to make any payments incidental thereto; to consent to or otherwise
participate in corporate reorganizations or other changes affecting
corporate securities and to delegate discretionary powers and to pay any
assessments or charges in connection therewith; and generally to
exercise any of the powers of an owner with respect to stocks, bonds,
securities or other property held in the Agency Trust;
(i) To make, execute, acknowledge and deliver any and all documents of
transfer and conveyance and any and all other instruments that may be
necessary or appropriate to carry out the powers herein granted;
(j) To raze or move existing buildings; to make ordinary or extraordinary
. repairs, alterations or additions'-inandto buildings;~to~construct buildings
and other structures and to ·install fixtures and :equipmeat:.therein; '
(k) To pay or cause to be paid from the Agency Trust any and all real or
personal property taxes, income .taxes or other taxes or assessments of
any or all kinds levied or assessed upon or with respect to the Agency
Trust or the Plan;
(I)'As directed by the' Trust Administrator, to hold term or- ordinary life ·
insurance contracts on the lives of Participants (but in the case of conflict
between any such contract and the Plan, the terms of the Plan shall
prevail); to pay from the Agency Trust the premiums on such contracts; to '
distribute, surrender or otherwise dispose of s{a, ch contracts; to pay the
proceeds, if any, of such contracts to the proper persons in the event of
the death of the insured Participant; to enter· into, modify, renew and
terminate annuity contracts of deposit administration of immediate
· · participation or other-group or individual type with one or :more insurance
· companies and to pay or deposit all or any part of the Agency Trust
Assets thereunder, to provide in any such contract~or-.;~, e :investment of all
Or any part of funds so depOsited:withthe' insurance.~company in securities ·
under separate ac, counts;;';to~.exercise'iand~.:claim;all~'.!fights and benefits
granted to the contractlholder by any such contracts;
(m) To exercise all the further rights, powers, options and privileges granted,
provided for, or vested-in trustees generally under applicable federal .or ..
California laws, as amended from time to time, it being intended that,
-except as herein otherwise provided, the powers conferred, upon.the
Trustee herein shall not be construed as being in limitation of any authority
conferred by law, but shall be construed as consistent or in addition
thereto.
2567_12 PEL
4.2 Additional Trustee Powers
In addition to the other powers enumerated above, and whether or not the
Member Agency has retained investment authority or delegated it to an
Investment Fiduciary or Participants in Participant Directed Accounts, the Trustee
in any and all events is authorized and empowered:
(a) To invest funds Pending required directions in any type of interest-bearing
account including without limitation, time certificates of deposit or interest-
bearing accounts issued by Union Bank of California N.A., or any mutual
fund or short term investment fund ("Fund"), whether sponsored or
advised by Union Bank of California or any affiliate .thereof; Union Bank of
California, N.A. or its affiliate' may be.compensated~for.providing such
investment advice and providing .other-services :to.such :F. und, in addition
to any Trustee's fees received pursuant to this Trust Agreement;
· (b) To cause all er any part of the Agency Trust to be held in the name of the
Trustee (which in such instance need not disclose its fiduciary capacity)
or, as permitted by law, in the name of any nominee, and to acquire for the
Agency Trust any investment in bearer form, but the books and records of
the Agency TruSt shall at all times show that all such investments are a
part of the Agency Trust and the Trustee shall hold evidences of title to all
such investments;
(c).' To serve as sole custodian with respect to the Agency Trust Assets;
(d) To employ suchagents and 'counsel as may be reasonably necessary in
managing and protecting the Assets and to paY them. reasonable
compensation; to employ 'any broker-dealer,, including a broker-dealer.
.- - affiliated with the Trustee,.and pay to such broker-dealer at the expense of
the Agency Trust, its standard :commissions;:~o'.~'settle,' compromise or
abandOn'all claims'and demands' in'favor of-or~against~the Agency Trust; ..:
and 'to charge any premium~om:'bonds~;Purchased';.at'par value to .the
principal of the AgencY Trust withoUt amortiZation from the Agency Trust,
regardless of any law relating thereto; ~
(e) In addition to the powers listed herein, to do all other acts necessary 9r ~
desirable 'for the proper administration of the Agency Trust, as though the
ab~Oldte owner thereof;
(f) To abandon, compromise, contest, arbitrate or settle claims or demands;
to prosecute, compromise and defend lawsuits, but without obligation to
do so, all at the risk and expense of the Agency Trust;
(g) To exercise and perform any and all of the other powers and duties
specified in this Trust Agreement or the Plan;
2567_12 PEL
(h) To permit such inspections of documents at the principal office of the
Trustee as are required by law, subpoena or demand by United States
agency;
(i) To comply with all requirements imposed by applicable provisions of law;
(j) To seek written instructions from the Plan Administrator or other fiduciary
on any matter and await their written instructions without incurring any
liability. If at anytime the Plan Administrator or the fiduciary should fail to
give directions to the Trustee, the Trustee may act in the manner that in its
discretion seems advisable under the circumstances for carrying out the
purposes of this Agency Trust;
(k) As directed by the Plan Administrator or Delegatee if duly authorized, to
cause the benefits provided under the Plan to 'be paid directly to the
· persons entitled thereto under the Plan, and in the amounts and in 'the
manner specified, and to charge such payments against the Agency Trust
with respect to' which such benefits are payable; · ·
(I) To compensate such executive, consultant, 'actuarial, accounting,
investment, appraisal; administrative, clerical, secretarial, medical,
custodial, depository and legal firms,' personnel and other employees or
assistants as are engaged by the Plan Administrator in connection with
the administration of the Plan and to pay from the Agency Trust the
necessary expenses of such firms, personnel and assistants, to the extent
not paid by the Plan Administrator;
(m)' To act' upon proper wdtten directions of the Plan Administrator or
.Delegatee; including directions given by photostatic transmissions using
facsimile signature;.
(n) TO pay from the Agency'.'Trust~?the::expenses~easonably incurred in the .... '.
·administration of the Agency Trust as provided in the Plan;
(o) To maintain insurance for such purposes,'in such' amounts'and with such
companies as 'the' Plan Administrator shall-elect,' including insurance to
cover liabilitY or losses occurring by reason of the acts or omissions of
fiduciaries but only if' such insurance permits recourse by the insurer
against the fiduciary in the case of a breach of a fiduciary obligation by
such fiduciary.
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4.3 Custodial Powers
If an Alternate Trustee has been appointed pursuant to Section 3.9, Union Bank
of California, N.A., ("Bank") as Custodian, shall only have the following
responsibilities:
(a) Keep records of all transactions entered into for the AgenCy Trust and
furnish to Alternate Trustee statements no less frequently than quarterly
showing all principal and income transactions and Agency Trust Assets,
which shall be deemed ratified and approved by Alternate Trustee unless
Custodian is advised to the contrary within ninety (90) days of Custodian's
mailing thereof by first class mail to Alternate Trustee;
(b) ' Receive payments of income and' principal on,-Ageney ...Trust Assets, and
retain or remit in accordance'with Alternate'Trustee~s ~Nfitten instructions;
(c) Hold Agency Trust Assets in Bank's name as Custodian for Alternate
Trustee or in Bank's nominee name, or, as to securities eligible to be held
by the depository trust company or other depository, in its nominee name;
(d) Purchase and Sell securities, attend to the exchange of securities, deposit
or exchange securities of companies in reorganization, and 'tender
securities on redemption or tender offer solely upon direction of Alternate
Trustee;
(e) Sign the name of Alternate. Trustee to stock and bond powers and any
other instruments required for the proper exercise of Bank's duties, and
Bank is appointed Alternate Trustee's attomey-in-fact for these purposes;
(f). Forward all proxies and accompanying .materials to Alternate Trustee to
be voted unless directed in"wfiting' to, the .contrary?~Dis¢lose Alternate
Trustee's name and address"in"-response'~to'~requests'fr°m issuers of
securities .and others to ~faCilitate~direct~..communicati°n .for: proxy and
tender offer response;
(g) Sell all fractional shares of stock received as a result of stock dividends or
Other corporate action; .'
'(h) ' Notify Alternate Trustee of any inability to collect income or principal if the
securities or other property constituting Assets upon which such amount is
payable is in default,' or if payment is refused after due demand. Bank
shall be under no obligation or duty to take any action to effect collection
of defaulted payments, or to file or pursue any bankruptcy or class action
claims with respect to Agency Trust.
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(i) Perform a telephonic verification to Alternate Trustee or Alternate
Trustee's authorized representative or such other secudty procedure
selected by Alternate Trustee prior to wiring funds or following facsimile
directions as Bank may require. Alternate Trustee assumes all dsk of
delay of transfer if Bank is unable to reach Alternate Trustee or Alternate
Trustee's authorized representative, or in the event of delay as a result of
attempts to comply with anY other security procedure selected by
Alternate Trustee.
Article V
INVESTMENTS
5.1 Investment Fiduciary
Except as herein provided, the Plan Administrator shall be the Investment
Fiduciary. ..
5.2 Appointment of Trustee or an Investment Manager as Investment Fiduciary
The Plan Administrator may appoint the Trustee or an investment manager as
the'Investment Fiduciary, with'the authority and duty tc~' direct the investment and
management of all or any portion of the Assets of the Agency Trust.
5.3 Appointment of Investment Fiduciary ... :
No action of the Plan Administrator· pursuant to 5.2 shall be effective until a
certified copy of the revised: Adoption:,Agreement':.and¢.if~.required, any such
resolution of the g0veming body;..of, the._Member..Agency::oc-.Plan Administrator
action-is delivered to the Trustee.· · Upon'~receipt and. acceptance, the Trustee .or
investment manager, as the case may be, shall.assume fiduciary responsibility
with respect to the .investment and management of such aSsets of the Agency
Trust as are specified in the resolution or action. Any transfer of investment
authority to the Trustee or to an investment manager may be revoked by
delivering to the Trustee or.the investment manager a written ~otice from· either. .
the Member Agency governing body or the Plan Administrator, as the case may
be.
5.4 Reliance by Trustee on Investment Fiduciary
The appointment, selection and retention of an Investment Fiduciary shall be
solely the responsibility of the Member Agency acting through its governing body
or the Plan Administrator. The Trustee may rely upon the fact that the
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Investment Fiduciary is authorized to direct the investment and management of
the Assets of the Agency Trust until such time as the Plan Administrator shall
notify the Trustee in writing that another Investment Fiduciary has been
appointed to replace the Investment Fiduciary named, or, in the alternative, that
the Investment Fiduciary named has been removed.
5.5 VVhen Trustee is not Investment Fiduciary
The Trustee shall not be the ·Investment Fiduciary and shall have no
responsibility or authority for the investment and management of assets unless
specifically designated as the Investment Fiduciary as to some or all of the
assets in the Agency Trust and accepts such designation.
(a) Dudng such period or pedods of:time, if any,~as,the.P!an.Administrator or
an Investment Fiduciary' is authorized ','to direct., the investment and
management of the Assets of the Agency Trust, the Trustee shall (subject
to the overriding limitations hereinafter set forth) effect and change
investment of the Assets of the Agency Trust as directed in wdting by the
Plan Administrator, or Investment Fiduciary, as the case may be, and .shall
neither effect nor change any suchinvestments without such direction and
shall have no right, duty or responsibility to recommend investments or
investment changes. The following provisions shall govern the Trustee
dudng such pedod or pededs of time, if any, dudng which the Plan
Administrator or an Investment Fiduciary is authorized, to direct the
investment and management of the Assets of any Agency Trust:
(b) So long as the Plan Administrator retains or reacquires full power and
responsibility to direct the Trustee with respect to the investment and
management of allor any portion of the Assets of the Agency Trust, the
Trustee shall not be liable nor responsible for losses or unfavorable results
adsing from the Trustee'S~compliance:with .propers:directions of the. Plan
· Administrator which.-are-made~in:accordanca with;l.he.~err?s of thi~.T ,re,st
· Agreement and ~which are~h0t.;centrary to,the ~provislons~'or any app,came
[federal or state statute regulating such investment. ' ' · ·
(c) i' In the event an Investment Fiduciary is given authority and responsibility
with reSpect to the 'investment and management of.[he AsSetS .of the ·
Agency Trust, n~ither the Trustee nor the. Plan Administrator. shall, be
'liable or respOnsible in'any way for-any losSes or other Unfavorable results
arising from the Trustee's compliance with investment or management
directions received by the Trustee from the Investment Fiduciary.
5.6 Investment Directions Must be in Wdting
Subject to the previsions of Section 5.18, in order to be valid all directions
concerning investments made by the Plan Administrator, or the investment
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Fiduciary, or PARS Trustee must be signed by the authorized person or persons
acting on behalf of the Plan Administrator, Investment Fiduciary or Trustee, as
the case may be. '
5.7 Trustee Reliance On Directions
(a) The Trustee shall be entitled to rely upon. directions which the Trustee
receives. The Trustee shall be under no duty to question any directions of
the Investment Fiduciary or Plan Administrator nor to review any securities
.or other' property of the PARS Trust .or Agency Trust constituting assets
thereof with respect to which an Investment Fiduciary or the Plan
Administrator has investment, responsibility,, nor-to:make any suggestions
to the Investment Fiduciary-~or:Plan':Administmtor'~n~connection therewith.
The Trustee shall, as promptly 'as posSible;: ?comply ?~with any written
directions given by the Plan Administrator or an ::lmzestment Fiduciary
: hereunder. The Trustee shall notbe liable, in any manner nor for any
reason, for-the making or retention of any investment pursuant to such
directions; nor Shall the Trustee, be liable .for its failure to invest .any or all
of the Assets of-the Agency Trust in the absence o[ such:written ·
directions; "The Trustee shall be under no obligation to seek written
clarification in the event of ambiguity. -
(b) During such period of time, if any, as the Plan Administrator, or an
Investment Fiduciary, is authorized to direct the Trustee, the Trustee shall
have no obligation to determine the existence of any conversion,
redemptionl.exchange, subscription or. other dght relating to any securities ...
purchased of which notice was given prior to the purchase .of such
· secUrities; and "shall have no obligation to exercise any such right unless
the 'Trustee.is informg'd-of the existence of the right and is instructed to
exercise such-right, in writing,-by the Plan Administrator orthe Investment
Fiduciary, as the case maybe,..within'-a reasonab!e:~time prior to the
expiration.o[ such right. .... .
(c) in. any event, neither the Plan Adm n strator nor any Investment F!duciary
referred to above' shall direct the purchase, sale or retention of any Assets ·
of the Agency Trust if such directions are not. in compliance with
applicable law.
5.8 Trustee Fees
As may be agreed upon, in writing, between the Plan Administrator and Trustee,
the Trustee will be paid reasonable compensation for services rendered or
reimbursed for expenses properly and actually incurred in the performance of
duties with respect to the Agency Trust or the PARS Trust.
5.9 Contributions
The Plan Administrator shall make all of its contributions to the Trustee, and shall
also transmit all contributions of Plan participants, as may be required or allowed
by the Plan, to the Trustee. Such contributions shall be in cash unless the.
Trustee agrees to accept a contribution that is not in cash. All contributions shall
be paid to the Trustee for investment and reinvestment pursuant to' the terms of
this Trust Agreement. The Trustee shall not have any duty to determine or
inquire whether any contributions to the Agency Trust made to the Trustee by
any Plan Administrator are in compliance with the Plan; nor shall the Trustee
have any duty or authority to compute any amount to be paid to the Trustee by
any Plan Administrator, nor shall the Trustee be responsible.for the collection or
adequacy'of the contributions to ,meet .and. discharge~'iiabilities :~under the Plan.
The contributions received by the'-Trustee from :each Member:~Agency shall be
held and administered pursuant to the:terms hereof,without~distinction between
income and principal.
5.10 Money Market Fund
Pending any investment directions, such cash in the Agency Trust in an amount.
as is reasonable in the discretion of the Trustee, may be depos!ted in.a.money
market fund selected by the Trustee or the Member Agency.
5.11 Purchase of Contracts ..
The Trustee shall have the authority to purchase individual or group insurance,.
annuity, preliminary term,--group pension, and vadable annuity contracts in
accordance' with the directions of the Plan Administrator. or other insurance ·
contracts at the direction of.the Plan Administrator or Investment Fiduciary if such · ....
. contracts are acceptable to the Trustee. The Trustee shall act as custodian of
such contracts if an Altemate Trustee-.is:appointed as to,such~.contracts...
5.12 Records
'. · (a) The Trustee shall maintain'accurate records and, detailed accounts of all .
investments, receipts, disbursements and other transactions hereunder at
the PARS TrUst level. 'Such records shall be available, at.all .reaSonable
times for inspection by the Trust Administrator. The Trustee shall,, at the
direction of the Trust Administrator, submit such valuations, reports or
other information as the Trust Administrator may reasonably require.
(b) Valuation. The assets of the Agency Trust shall be valued at their fair
market value on the date of valuation, as determined' by the Trustee based
upon such sources of information as it may deem reliable; provided,
however, that the Plan Administrator shall instruct the Trustee as to
valuation of assets which are not readily determinable on an established
2557_12 PEL
market. The Trustee may rely conclusively on such valuations provided
by the Plan Administrator and shall be indemnified and held harmless by
the Plan Administrator with respect to such reliance. If the Plan
Administrator fails to provide such values, the Trustee may take whatever
action it deems reasonable, including employment of attorneys, appraisers
or other professionals, the expense of which will be an expense of
administration of the Agency Trust. Transactions in the account involving
such hard to value assets may be postponed until appropriate valuations
have been received and Trustee shall have no liability therefore.
5.13 Statements
(a) .Periodically as specified, and:within'sixty daysafter June 30, or the. end of
the PARS Trust's fiscal year-if different; :rErusteeshat,,.render to the Trust
'Administrator as. directed, a written " account,, showing in reasonable
summary the investments, receipts, disbursements and other transactions
engaged in by'the Trustee. during'the preceding fiscal year or pealod with
respect to the PARS Trust. Such account shall set forth the assets, and.
liabilities of the PARS Trust valued as of the end of the accounting period,
(b) The Trust Administrator may approve such statements either: by written
notice or by failure to express objections to such statements by written
notice delivered to the Trustee within 90 days from the date the statement
is delivered to the Trust Administrator. Upon approval, the Trustee shall
' be released'and discharged as to all matters and items set forth in such
statement as if such account had been settled and allowed by a decree
from a Court of competent jurisdiction.
5.14 Wire Transfers
The'Trustee shall follow the-:~Plan,~Administrator's;.,;*:Delegatee's, or. Trust
...... 'Administrator's wire:transfer instructions in ~comp iance:..witb ;the .written security-
:procedures provided by the party, providing:.the~wira:transfers:?~TheTruStee shall
perform'a telephonic verification to the Plan Administrator, Trust Administrator,. or .
Delegatee, of such Other secUrity procedure, as selected, by the party providing
wire transfer directi0r~s; prior to widng funds or following facsimile directions as ' ...
Trustee may require. The Plan Administrator assumes the d~k of delay of ·
transfer if Trustee is unable to. reach the Plan Administrator, or in the event of
delay as a result of attempts to comply with any other' seCUdty procedure
selected by the directing party.
5.15 Exclusive Benefit
The Assets of the Agency Trust shall be held in trust for the exclusive purpose of
providing benefits to the participants and their beneficiaries of the Member
Agency Plan, and defraying reasonable expenses of the Plan, and shall not be
2567_12 PEL
used for or diverted to any other purpose. No party shall have authority to use or
divert such Plan's Assets for the payment of benefits or expenses of any other
Member Agency's Plan.
5.16 Delegation of Duties
The Plan' Administrator, Delegatee, or Trust Administrator, may at any time retain
the Trustee as its agent to perform any act, keep any records or accounts and
make any computations that are required of the Plan Administrator, Delegatee or
Trust AdministratOr by this Trust Agreement or. by the Plan. The Trustee may be
compensated for such retention and such retention shall not be deemed to be
contrary to this Trust Agreement.
5.17 Distdbutions
All benefits payable pursuant to the Plan shall be paid out of the Assets of the ....
Agency Trust by the Trustee pursuant to the direction of the Plan Administrator or
Delegatee. The Trustee shall, from time to time, upon the wdtten direction of the ..
Plan Administrator or Delegatee, make distributions from the Assets of the.
Agency Trust to or for the benefit of such persons, in such manner in such.
form(s), in such amounts and for such purposes as may be specified in such
directions. The Trustee at the direction of the Plan Administrator or Delegatee
may make any distribution required to be made by it hereunder by delivering to
the Plan Administrator or Delegatee:
Its check payable'to the person to whom such distribution is to be made,
for delivery to such person; or
Its Check' payable to an insurer for the benefit of such person, for delivery
by such insurer;, or insurance .contracts held on the life of the Participant to
whom or with respect to:.:.'Whom: the~;distdbution:~;is.;;being made, for
redelivery to the"petson to'whom.such:distribution.is {o::be.made; provided.
that'any contract distdbuted~shall';be,endorsed =asmomt~ansferable;::. :.
In directing the-Trustee to make distributions, the Plan Administrator or
Delegatee shall follow the:'Provisions of the Plan and shall not direct that any
distribution be made either during the.existence .or UPon' discontinuance of the-
Plan; which would cause any part of the Assets of the Agency Trust to be used.
for or diverted to purposes other than as provided in the. Plan and this PARS
Trust. In no event shall the Trustee have any responsibility respecting the
application of such distributions, nor for determining or inquiring into whether
such distributions are in accordance with the Plan.
2567_12 PEL
5.18 Participant Directed Accounts
The Member Agency may, by written resolution and execution of the Adoption
Agreement, terminate the Plan Administrator's right to direct the investment and.
management of all or any portion of the Assets of the Agency Trust and allow
Participants to direct their own account balances ("Participant Directed
'Accounts"). Notwithstanding any other provision of this Trust Agreement, for
Participant Directed Accounts, the Trustee shall be entitled to act upon proper
directions Of the Plan Administrator, Trust Administrator, and Participants
including directions in writing, or. oral instructions· which Trustee in its discretion
may follow without receipt of written instructions, instrUction given by photostatic
teletransmission using facsimile signature, or those Jr~structions .which are
digitally recorded on the UBOC Voice'Response Unit (~/RU..".)~or~intemet website.
Trustee is hereby authorized 'to record conversations'and.transmissions.made in
connection'with the Agency Trust. Trustee'srecording or:lack-of recording.of any
such oral, internet or digital instructions, and/or receipt, or lack of receipt of
facsimile transmissions, as reflected in the Trustee's 'records maintained in the.
· ordinary cou..meof business shall constitute conclusive proof of Trustee's receipt
or non-receipt of such instructions.. ..
The Trustee and/or Trust Administrator shall not be liable in any manner for
investment or other losses or other liability attributable to Participant's directions,
or lack thereof, or exercise of control over the investments of their Participant
Directed Accounts. Likewise, the Trustee and/or Trust Administrator shall have
no'.duty'or.'responsibility to review, monitor or make recommendations .regarding
· investments made at the'direction of the Participants or the Plan Administrator.
In order for Member Agency to be relieved of investment fiduciary liability, the
requirements of California law including Section 53213.5 of the California
Government Code must be met..The Plan Administrator shall establish uniform
and .nondiscriminatory .-rules .for the operation of the Participant Directed
Accounts,.including. Whether.the Participant. shall, direct/tbe~ ~T~ustee 'or.-direct the
Plan "Administrator who directs,'~the. Trust:%Administrator-~:,.,who~:..forwards such
directions to the Trustee. Member~Agency~shall~'designate!whether, Parflcipant:.
· Directed Accounts are 'to ~be established pursuant to the provisions of section.=
5.18(a) or 5.18(b). below: · ·
(a) Participant Direction-'in Individually Directed Accounts. If the .Member ·
Agency has so elected,participants may have investment direction power .
over their own segregated account balances ("Individually Directed'.
Account" or "IDA"). Investments may be directed by Participants into
assets administratively acceptable to Trustee, as limited by guidelines
developed by the Plan Administrator (the "Permissible Investment
Guidelines"). Plan Administrator shall notify Participants of the Plan's
Permissible Investment Guidelines as in effect.from time to time. In the
absence of directions from a Participant, the Plan Administrator may direct
the investment of the IDA. The Trustee may refuse to comply with the
directions of the Participant to invest in assets other than those listed in its
Permissible Investments Guidelines or with directions which the Trustee
deems to be improper or contrary to the provisions of the Plan and Agency
Trust or the Internal Revenue Code and shall have no liability for such
refusal.
(b) Participant Directed Account within Plan Administrator Selected
Investment Options ("SelectBENEFIT Accounts"): If the Member Agency
so elects, the-Participant's.Account Balance shall be segregated into a
Participant Directed Account ("SelectBENEFIT Account"), over which the
Participant may direct investment into one or more..investment.altematives
("Investment. Options"). The Plan. Administrator or.:. its appointed
Investment Fiduciary shall' have' full responsibility ;for :-designating the
· Investment options under 'the Plan and-'for 'selecting the underlying
investment vehicle(s) for each designated Investment. Option into which a
· . Participant'may direct investment of his or her SelectBENEFIT Account.
To the extent allowed by law, neither the Member Agency, the Plan.
Administrator,. the Trust Administrator nor the Trustee shall have any
responsibility' for monitoring the directions of the .Participant nor shall the
Member Agency, the Plan Administrator, the Trust Administrator or the
Trustee be liable in any manner for investment Or other losses or other
liability for following directions of a Participant.
(c) ' If SelectBENEFIT Accounts are. established,- notwithstanding any other
provision Of this Trust Agreement, the Member Agency may appoint the
Trustee to; provide ministerial services as recordkeeper for.such accounts
by so indicating in the Member Agency's Adoption Agreement, provided
that an acceptable service agreement has been executed by and between
the Member Agency, the Plan Administrator, the Trustee and the Trust
Administrator.
Article VI
FIDUCIARY RESPONSIBILITIES
6.1 More Than One Fiduciary Capacity
Any one or more of the fiduciaries with respect to the PARS Trust Agreement or
the Agency Trust may, to the extent required thereby or as directed by the Plan
Administrator pursuant to this PARS Trust Agreement and the Plan, serve in
more than one fiduciary capacity with respect to the PARS Trust Agreement, the
Agency Trust and the Plan.
2567_12 PEL
6.2 Fiduciary Discharge of Duties
Except as otherwise provided in the Code and applicable law each fiduciary shall
discharge such fiduciary's duties with respect to the PARS Trust Agreement and
the Plan:
Solely in the interest of the Participants 'and for the exclusive purpose of
providing benefits to Participants, and defraying reasonable expenses of
administering the Plan. With the care, skill, prudence, and diligence under the
circumstances then prevailing that a prudent man acting in a like capacity and
familiar with such matters would use in the conduct of an enterprise of like
character and with like aims. By diversifying the~investments of the Plan and the
Agency Trust so as to,minimize the~risk.ofloss:and:~o .maximize;the rate :of
return, unless· under the circumstances it is'clearly prudent~.not~to:do so. ·
6.3 Limitations on Fiduciary ResponSibility
To the extent permitted by applicable law:
No fiduciary shall be liable with respect to a breach of fiduciary duty. by any other
fiduciary if such breach was committed before suchparty became a fiduciary or
· after such party ceased to be a fiduciary. . .
No fiduciary shall be liable for a breach by another fiduciary unless the non-
breaching 'fiduciary ·knowingly participates in such a breach, knowingly
undertakes to conceal'such'breach, or has actual knowledge of such breach and
fails to take reasonable steps to remedy, such breach. ~
No fiduciary Shall· be liable foi' carrying out a proper' direction.from another'
fiduciary~ including refraining from taking an action in the absence of a proper
direction from the other fiduciary~.p0ss'essingYthe ;authority~ancb.responsibility to
· make such a =direction, which direction'the~flduciary,in.good~aith believes to be
authorized and appropriate.
6.4 Indemnification of Trustee by Member Agency ~
The' ~rustee shall not be liable for, and Member Agency shall.indemnify, defend
(as set out in 6.8 of this Trust Agreement), and hold the Trustee (including its
officers, agents, employees and attorneys) and other Member Agencies and
Alternate Trustees, harmless from and against any claims, demands, loss, costs,
expense or liability imposed on the indemnified party, including reasonable
attorneys' fees and costs incurred by the indemnified party, adsing as a result of
Member Agency's active or passive negligent act or omission or willful
misconduct in the execution or performance .of its duties under this Trust
Agreement.
2567_12 PEL
6.5 Indemnification of Member Agency by Trustee
The Member Agency shall not be liable for, and Trustee shall indemnify, defend
(as set out in 6.8 of this Trust Agreement), and hold the Member Agency
(including its officem, agents, employees and attorneys) and other Member
Agencies and Alternate Trustees, 'harmless from and against any claims,
demands, loss, costs, expense or liability imposed on the indemnified party,
including reasonable attorneys' fees and costs incurred by the indemnified party,
arising as a result of Trustee's active or passive negligent act or omission or
willful misconduct in the execution or performance of its duties under this Trust
Agreement;
6.6 Indemnification of Trustee by Trust Administrator
The Trustee shall not be.liable for, and Trust Administrator shall indemnify and
' hold the Trustee-(including its officers, agents, employees and attorneys)
harmless from and against any claims, demands, loss, costs,: expense or liability
imposed on the indemnified party, including reasonable attorneys' fees and costs
incurred'by the indemnified party, adsing as a result of.Trust Administrator's
active or passive negligent act or omission or willful misconduct in the execution
or performance of its duties under this Trust Agreement.'
6.7 Indemnification of Trust Administrator by Trustee
The' Trust.Administrator shall not be liable for, and Trustee shall indemnify and
hold the Trust Administrator (including its officers, agents, employees and
attorneys) harmless from and against any claims, demands, loss, costs, expense
'.or liability imposed On the indemnified party,-including reasonable attorneys' fees
and costs incurred by.the indemnified party, arising as a result of Trustee's active
or passive negligent act or omisSion..~or:~.willful:.~misconduct:.in:~the ~execution or
performance of its duties under this'Trust Agreement,
6.8 Indemnification Procedures
.Promptly after receipt by an indemnified party of. notice or receipt, of a claim or
"the commencement of any action for which indemnification may be sought, the
indemnified party will notify the indemnifying party in.writing.of the. receipt or
commencement thereof. When the indemnifying party has agreed to provide a
defense as set out above that party shall assume the defense of such action
(including the employment of counsel, who shall be counsel satisfactory to such
indemnitee) and the payment of expenses, insofar as such action shall relate to
any alleged liability in respect of which indemnity may be sought against the
indemnifying party. Any indemnified party shall have the right to employ
separate counsel in any such' action and to participate in the defense thereof, but
the fees and expenses of' such counsel shall not be at the expense of the
2567_12 PEL
indemnifying party unless (i) the employment of such counsel has been
specifically authorized by_ the indemnifying party or (ii) the named parties to any
such action (including any impleaded parties) include both the indemnifying party
and the indemnified party and representation of both parties by the same counsel,
would be inappropriate due to actual or potential differing interest between them.
The indemnifying party shall not be liable to indemnify any person for any
settlement of any such action effected without the indemnifying party's consent.
6.9 No Joint and Several Liability
This document is not intended to and does not create any joint powers
agreement or any joint and several-liability.. No .Member Agency. shall be
· responsible for .any contributions;' costs or distributions..:of:any other Member
Agency.
: ·" Article VII
AMENDMENT, TERMINATION AND MERGER
7.1 No Obligation to Continue Plan and Trust
Continuance of the Agency Trust, participation in the PARS Trust Program and
COntinuation of the Plan are notassumed as a contract, ual obligation of the
Member Agency.
7.2 Amendments
(a) The PARS Trust Agreement 'may only be amended or terminated as
provided herein. A:two-thirds.majority~,or_greate~of_theJVlember. Agencies
· ' shal! have the right, to amendthis':.~Trast~Agreementfrom~time to.time, and
to Similarly amend or cancel:'any:amendments~. -A;copy;of all amendments
shall be delivered to the',~Trustee, the Trust :Administrat°r and Plan.
Administrators promptly as each is made.
(b) Such amendments shall be set forth in an' instrument in'writing executed
by the amending party, the Trust Administrator and 'the Trustee. Any
amendment' may., be · current, retroactive or prospective,'.'.. ;pr°vided,
however, that no amendment shall:
Cause the Assets of any Agency Trust to be used for or diverted to
purposes other than for the exclusive benefit of Participants who
have an interest in such Agency Trust or for the purpose of
defraying the reasonable expenses of administering such Agency
Trust.
2567 12 PEL
· (2) Have any retroactive effect so as to reduce the benefits of any
Participant having an interest in the Agency Trust as of the date the
amendment is adopted, except that such changes may be made as
may be required to permit this PARS Trust Agreement to meet the
requirements of applicable law.
(3)Change or modify the duties, powers or liabilities of the'Trustee or
the Trust Administrator hereunder without its consent.
(4) Permit the Assets of any Agency Trust to be used for the benefit of
any other .Plan of the Member Agency unless the. Member Agency
agrees to such use.
7.3 Termination of Plan
A termination of the Plan 'for which the Agency Trust was established shall not, in
itself, effect a termination.'of an Agency Trust, Upon,any termination of the Plan,
the Assets of'the Agency Trust shall be distributed by the Trustee as and when
directed by the Plan Administrator. From and after the date of such termination
of the Plan and until final 'distribution' of the Assets the Trustee. shall continue to
have all the powers provided herein as are necessary or expedient for the ordedy
liquidation and distribution of such assets and the Agency Trust shall continue
until the interests of all Participants have been completely distributed to or for the
benefit of the Participants in aCCOrdance with the Plan.
7.4 Reversion
In the event a Member Agency's Plan is terminated, the vested interest of any
· ParticiPant. shal/not be diminished or adversely affected; Except as may be
provided n this Trust Agreement or the Plan, such termination shall not vest in
the Member Agency any corpus :or: income ~nder ~the-,~,gen~y¥;l'ruSt, nor. permit
the Plan to' discriminate 'as: to' coverage;::'or:~as .to~.allocafion:;of~:'contributions.or
earnings,' in favor :of employees.WVho~are~fficere~;:-Shareholders, or highly
" .compensated,' .nor cause.the Agency Trust :to.lose: itsYexempfion pursuant t° .
501(a) of the. Code?No modification;.amendmentor termination of~the:Plan shall
be construed to be a terminatiOn of the Agency Trust so :as to require the Trustee
to make a distributiOn of any of the'Assets of the Agency Trust to any Participant.
In order to make such~distribution the Trustee must· receive written instructions
· " fromthe:Plan Administrator°'r'Delegatee in a. form acceptable to the Trustee. ~ .. ' ·
If any Member Agency adopts a Plan whose assets are maintained in an Agency
Trust and makes application to the Internal Revenue Service, within one year
from the date of adoption of such Plan, for a determination that such Plan is a
qualified plan under Section 401 (a) of the Code, and if such Plan is determined
by the Internal Revenue Service not to be a qualified Plan, then all contributions
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and investment income attributable to such Plan shall be returned to the Member
Agency upon application to the Trustee.
7.5 Fund Recovery Based on Mistake of Fact
Except as hereinafter provided, the Assets of the Agency Trust shall never inure
to the benefit of the Member Agency. The Assets shall, be held for the exclusive
purposes of providing benefits to Participants having an interest in the Plan and
defraying reasonable expenses of administering the Agency Trust. The sole
exception to the foregoing is as follows:
Mistake of Fact. In the case of a contribution which is made by the Plan
Administrator because of a mistake~of~fact;;:that: portion~o~the~contdbution_ relating
to.the'mistake of fact (exclusive.,:of~:any.earnings.or~osses~ttdbutable thereto)
may be returned to the Plan Administrator,..provided.:such.:!.[etum occurs within
one (1) year after discovery by the Plan Administrator of the mistake. If any
· 'repayment' is.payable-to the .Plan. Administrator, then; .as a. condition to .such
repayment, and only if-requested by. Trustee, the Plan Administrator shall
execute, acknowledge and deliver to theTrustee its written.undertaking, in a form
satisfactory to the Trustee, .to indemnify, defend and hold the Trustee. harmless
from all claims, actions, demands or liabilities arising.in connection with such
repayment.
7:6 Transfers from Other Qualified Plans
Notwithstanding .any- other 'provision hereof; there may' be transferred to the ..
Trustee, upon direction of the Plan Administrator, all or any of the assets held
(whether by a trustee, .custodian or otherwise) on behalf of any other plan which
· ..satisfies'the.applicable requirements of Section 40tof .the Code, and which is
maintained for thebenefit of any persons who are'or will become.Participants in
the Plan.
7.7 Termination .....
· - · "'The PARS Trust Agreement'may be terminated only by a-unanimous..agreement.
Of all'Member Agencies~ Such"action must bein writing and delivered.to the
Trustee and Trust AdminiStrator. · .: · ...
Article VIII
MISCELLANEOUS PROVISIONS
8.1 Nonalienation
To the maximum extent permitted by law, a Participant's interest in the Agency
Trust shall not in any way be liable to attachment, garnishment, assignment or
3o
2567_12 PEL
other process, or be seized, taken, appropriated or applied by any legal or
equitable process, to pay any debt or liability of the Participant or any other party.
Agency Trust Assets shall not be subject to the claims of the Member Agency or
the claims of its creditors.
8.2 Saving Clause
In the event any provision of this PARS Trust Agreement and each Agency Trust
is held illegal or invalid for any reason, said illegality or invalidity shall not affect
the remaining parts of the PARS Trust and/or Agency Trust, but this instrument
shall-be construed and enforced as if said provision had never been included.
8.3 Applicable Law
This PARS Trust Agreement and each Agency Trust.shall. 'be"construed,
administered and governed under the Code and the applicable provisions of
· " ' ·: Califomia...law...-To the~extent any of the provisions of this .Trust Agreementor the.
· Plan are inconsistent with the Code or applicable California law the previsions of..
the Code or California law shall control. 'In the event, however, that any provision
is susceptible tomore than one interpretation, such interpretation shall be given
thereto as is consistent with'the Trust Agreement and the Plan being a qualified
governmental retirement trust and plan within the meaning of the Code
8.4 Joinder of Parties.
'.'~ In any.action.0r, other judicial proceedings affecting thi~ Trust Agreement, it shall
be necessary to join as parties only the Trustee, the Plan Adm n strator or
Delegatee. No participant or other persons having an interest in any Agency
'Trust shall,' be :entitled 'to :.any notice or service.: of' process, unless otherwise
required by law. Any'judgment entered in such a proceeding or action shall be
binding .on allpersons~.claiming under this Trust:;Agreement;-~provided;~however.
· ' that~nothing'in'this Trust.'Agreement<shal be~construed~as~to.~depdve~.a:participant
· .,of such partlclpant's.~nghtto.seek ~adjudlcat~on"~of~uch-';pa~c~pa0~s:~ghts. under
applicable law.
8.5 Employment of Counsel
The Trustee may consult with legal counsel (who may be counsel for .the Trustee
- or:MemberAgencyPlan Administrator) andcharge the Agency Trust. . . ..
8.6 Gender and Number
Words used in the masculine, feminine or neuter gender shall each be deemed
to refer to the other whenever the context so requires; and words used in the
singular or plural number shall each be deemed to refer to the other whenever
the context so requires.
8.7 Headings
.Headings used in this Trust Agreement are inserted for convenience of reference
only and any conflict between such headings and the text shall be resolved in
favor of the text.
8.8 Counterparts
The Adoption Agreement of this Trust Agreement may be executed in an original
and any number of counterparts by the Plan Administrator (executing an
Adoption Agreement), the Trust Administrator and the Trustee, each of which
shall be deemed to. be :an original.of.the one,and the same instrument.' .
Article IX
· ACKNOWLEDGMENT AND ACCEPTANCE
The provisions of the PARS Trust Agreement as contained herein are hereby amended
and restated as of July 1, 1999 (the "Amended Effective Date") .
IN WITNESS WHEREOF, the Plan Administrator (by executing the Adoption
Agreement) the Trust Administrator:and Trustee have executed this Trust Agreement by
:their duly authorized agents on this19th day of January, 2000.
ACKNOWLEDGED AND ACCEPTED this 19th day of January, 2000.
THE'TRUSTEE THE TRUST ADMINISTRATOR
uNioN BANK OF CALIFORNIA~ N.A. P HA'S E.~ySTE~ .
~ By:
. By: ~'.
Titlo: Son or Vic~ ~residont Titlo: Presidont ·
ORDINANCE NO. 6~~
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA AUTHORIZING AN AMENDMENT TO THE CONTRACT
BETWEEN THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA
AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM TO PROVIDE SECTION 21354.4
(2.5% ~ 55 FULL FORMULA) FOR LOCAL MISCELLANEOUS MEMBERS
A. RECITALS
1. The City of Rancho Cucamonga agreed to provide Section 21354.4 (2.5% ~ 55
Full Formula) for local miscellaneous members.
2. On June 20, 2002, the City adopted a resolution of intention to amend its contract
with the California Public Employees' Retirement System to provide Section
21354.4.
3. The California Public Employees' Retirement System requires the City to amend
its contract whenever it provides new benefits such as Section 21354.4.
B. ORDINANCE
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does
hereby ordain as follows:
SECTION 1: The City Council hereby authorizes an amendment to the contract
between the City Council of the City of Rancho Cucamonga and the Board of
Administration of the California Public Employees Retirement System, a copy of said
amendment being attached hereto, marked Exhibit, and by such reference made a part
hereof as though herein set out in full.
SECTION 2: The City Council hereby authorizes, empowers, and directs the Mayor to
execute said amendment for and on behalf of the City of Rancho Cucamonga.
SECTION 3: This Ordinance shall take effect on December 1, 2002. The ordinance shall
be published in the Inland Valley Daily Bulletin, a newspaper of general circulation in
the City of Rancho Cucamonga, within 15 days of its passage.
PASSED, APPROVED, AND ADOPTED this 17t~ day of July 2002.
AYES:
NOES:
ABSENT:
ABSTAINED:
William J. Alexander, Mayor
ATTEST:
Debra J. Adams, CMC, City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga.
California, do hereby certify that the foregoing Ordinance was duly passed, approved and
adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular
Meeting of said City Council held on the 17t~ day of July 2002.
Executed this 17th day of July 2002, at Rancho Cucamonga, California.
Debra J. Adams, CMC, City Clerk
Ci~Ordinanee Section 21354.4
T H C I T Y 0 F
I~ANCH 0 CUCA~ON CA
Staff Report
DATE: June 20, 2002
TO: Mayor and Members of the City Council
Chairman and Members of the Redevelopment Agency
FROM: Linda Daniels, Redevelopment Director
BY: Mike Nelson, Sr. Redevelopment Analyst
SUBJECT: Approval of Annual Loan Transaction Between the City of Rancho Cucamonga
and the Rancho Cucamonga Redevelopment Agency.
RECOMMENDATION:
Approve the repayment and re-borrowing of the annual loan amount between the City of
Rancho Cucamonga and the Rancho Cucamonga Redevelopment Agency.
BACKGROUND/ANALYSIS:
In order to receive tax increment revenue, the principal source of redevelopment funding, a
Redevelopment Agency must demonstrate existing debt, which will be repaid by the tax
increment received. For this purpose, when the Project Area was established in Fiscal Year
1982/83, the City loaned money to the Redevelopment Agency in order to establish initial
debt, as well as to provide monies for operations. For debt purposes, the City and Agency
have continued to maintain this loan agreement, thus ensuring the Agency's receipt of its full
tax increment revenue.
During fiscal year 2001/02, the Redevelopment Agency will pay to the City $7,200,000
towards the principal and interest on the City/Agency loan. At the same time, it is also
necessary for the Agency to continue its loan agreement with the City, in order to show
sufficient debt and receive the full amount of tax increment revenue. Therefore, it is
necessary for the City to authorize the Agency to re-borrow the amount of $7,200,000.
This item appears on both the Agency and City Council Agendas.
Redevelopment Director