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HomeMy WebLinkAbout155 - Ordinances ORDINANCE NO. 155 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. The City Council of the City of Rancho Cucamonga, California does ordain as follows: SECTION 1: That an amendment to the contract between the City Council of the City of Rancho Cucamonga and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A", and by such reference made a part hereof as though herein set out in full. SECTION 2: The Mayor of the City Council is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said agency. SECTION 3: This Ordinance shall take effect thirty (30) days after the date of its adoption, and prior to the expiration of thirty (30) days from passage thereof, shall be published at least once in The Daily Report, a newspaper of general circulation, circulated in the City of Rancho Cucamonga and thenceforth and thereafter the same shall be in force and effect. PASSED, APPROVED, and ADOPTED this 7th day of October, 1981. AYES: Frost, Mikels, Palombo, Bridge and Schlosser NOES: 0 ABSENT: 0 �Phillip D. Schlosser, Mayor ATTEST: A.W OF uren M. Wasserman, City Clerk EXHIBIT "A" AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA The Board of Administration, Public Employees' Retirement System, herein- after referred to as Board, and the governing body of above public agency, hereinafter referred to as Public Agency, having entered into a contract under date of January 26, 1978, effective January 28, 1978, and as amended effective September 22, 1980, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 9 are hereby stricken from said contract as executed effective September 22, 1980, and hereby replaced by the following para- graphs numbered 1 through 9 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 60 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 such as by express provisions thereof apply only on the election of con.racting agencies. 3. Employees of Public Agency in the following classes shall b c me members of said Retirement System except such in each such c' ss as are excluded by law or this agreement: a. Employees other than local safety members (herein referred to as local miscellaneous members). In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become members of said Retirement System: NO ADDITIONAL EXCLUSIONS 4. The fraction of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member shall be determined in accordance with Section 21251 .13 of said Retirement Law (2$ at age 60 Full). 5. The following additional provisions of the Public Employees' Retire- ment Law which apply only upon election of a contracting agency shall apply to the Public Agency and its employees: a. Section 20024.2 (One-year final compensation). b. Section 20930.3 (Military service credit) as defined in Chapter 830, Statutes of 1976. C. Section 21022.1 (Industrial disability retirement) for local miscellaneous members only. d. Section 21298 (Increased non-industrial disability allowance). e. Sections 21380-21387, (1959 Survivors Program), excluding Section 21382.2 (Increased 1959 Survivors benefits). f. Section 20614 (Statutes of 1978; reduction of normal member contribution rate). From and after September 22, 1980, the normal member contribution rate shall be -04. g. Section 20614 (Statutes of 1980; to prospectively revoke Section 20614, Statutes of 1978). 6. Public Agency, in accordance with Section 20759.1 Government Code, shall not be considered an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law. Contributions of the Public Agency shall be fixed and determined as provided in Section 20759, Government Code, and such contributions hereafter made shall be held by the Board as provided in Section 20759, Government Code. 7. Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the agency shall con- tribute the following percentages of monthly salaries earned as miscellaneous members of said Retirement System: (1) 9.227 percent on account of the liability for current service benefits. (2) 0.136 percent on account of the liability for the 1959 Survivor Program. b. A reasonable amount per annum, as fixed by the Board 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 install- ment as the occasions arise, to cover the costs of special valua- tions on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 8. Contributions required of Public Agency and its employees s:- 11 be subject to adjustment by Board on account of amendments to ``e Public Employees' Retirement Law, and on account of the experience '.nder the Retirement System as determined by the periodic investigaticn and valuation required by said Retirement Law. 9. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty days after the end of the period to which said contributions refer or as may be prescribed by Board regulation. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances, or adjustments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. B. This amendment shall be attached to said contract and shall be effective on the day of 19 Witness our hands the day of 19 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF RANCHO CUCAMONGA BY — Carl J. Blechinger, Executive Officer Presiding Officer Phillip D. Schlosser, .Nfayor Approved as to form: Attest: n is G. Be�q eme , Legal Office, Date v Clerklll Lauren M. Wasserman, City Clerk PERS CON-702