HomeMy WebLinkAbout552 - Ordinances ORDINANCE NO. 552
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, AUTHORIZING AN
AMENDMENT TO THE CITY'S PUBLIC EMPLOYEES'
RETIREMENT SYSTEM (PERS) CONTRACT
An Ordinance of the City Council of the City of Rancho Cucamonga, California, and
the Board of Administration of the California Public Employees' Retirement System.
The City Council of the City of Rancho Cucamonga 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 of Rancho Cucamonga is hereby authorized,
empowered and directed to execute said amendment for and on behalf of said
Agency.
SECTION 3.
This Ordinance shall take effect thirty (30) days after the date of its adoption,
and prior to the expiration of thirty (30) days from the passage thereof shall be
published at least once in the Inland Valley Daily Bulletin, a newspaper of general
circulation published in the City of Ontario. California, and circulated in the City of
Rancho Cucamonga, California.
PASSED, APPROVED, AND ADOPTED this 5th day of March, 1996.
AYES: Alexander, Biane, Curatalo, Gutierrez, Williams
NOES: None
ABSENT: None
William J. Alexa~'~'r, Mayo/rr
Ordinance No. 552
Page 2
ATTEST:
/
bebra 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 introduced at a regular meeting of the Council of the City of
Rancho Cucamonga held on the 21st day of February, 1996, and was finally passed at an
adjourned meeting of the City Council of the City of Rancho Cucamonga held on the 5th day of
March, 1996.
Executed this 6th day of March, 1996, at Rancho Cucamonga, California.
Debra J. Adarns',' CMC, City Clerk
EXHIBIT ltA' Ordinance No. 552
Pa~e 3
AMENDMENT TO CONTACT BETWEEN THE
BOARD OF ADMINISTRATION OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board, and the governing body of above public agency, hereinafter referred to as
Public Agency, having entered into a contract effective January 28, 1978, md witnessed January
26, 1978, and as amended effective September 22, 1980, November 16, 1981 and September 26
1988, which provides for participation for Public Agency in said system, Board and Public Agen~z
hereby agree as follows:
A. Paragraphs 1 through 10 are hereby stricken from said contract as executed
effective September 26, 1988, 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
Employee's Retirement Law shall have the meaning as defined therein
unless othenvise 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 notprovided for herein and to all
amendments to said Law hereafter enacted except ~hose, which by express
provisions thereof, apply only on the election of a contracting agency.
3. Employees of Public Agency in the followingclasses 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 mm3bership by said
Retirement Law, the following classes of employees shall not become
members of said Retirement System:
Page 1
Ordinance No. 552 EXHIBIT
Page 4
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 membershall be
determined in accordance xvith Section 2 1251.132of said Retirement Law
(2% at age 55 Full).
6. Public agency elected and elects to be subject to the following optional
provisions:
a. Section 20024.2 (One-Year Final Compensation).
b. Section 20930.3 (Military Service Credit as Public Service),
Statutes of 1976.
c. Section 21022/2 1022.1 (Industrial Disability Retirement For
Local Miscellaneous Members).
d. Section 21298 (Improved Non-Industrial Disability
Allowance).
e. Section 21382.4 (Third Level of 1959 Survivor Benefits)
pursuant to Article 6 (commencing with Section 21380).
f. Section 20614, Statues of 1978, (Reduction of Normal
Member Contribution Rate). From September 22, 1980 and
until November 15, 1981, the normal local miscellaneous
member contribution rate shall be 0%. Legislation repealed
said Section effective September 29,1980.
g. Section 20614, Statutes of 1980, (To Prospectively Revoke
Section 20614, Statutes of 1978).
7. Public Agency, in accordance with Government Code Section 20759, shal
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 20759, and such
contributions hereafter made shall be held by the Board as provided in
Government Code Section 20759.
8. Public Agency shall contribute to said Retirement System the contributiors
determined by actuarial valuations of prior and future service liability wi~h
respect to local miscellaneous members of said Retirement System.
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EXHIBIT "A" Ordinance No. 552
Page 5
9. Public Agency shall also contribute to said Retirement System as follows:
a. Public Agency shall contribute $2.00 per member, per month
on account of the liability for the 1959 Survivor Benefits
provided under Section 21382.4 of said Retirement Law.
(Subject to annual change.) In addition, all assets and liabilities
of Public Agency and its employees shall be pooled in 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 coss
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 subjea
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 ~vhich said contributions refer or as may be prescrib~
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 xvith subsequent remittances. Adjustments on account of erro=
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 ,
19
Page 3
Ordinance No. 552 EXHIBIT "A"
Page 6
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF RANCHO CUCAMONGA
BY BY
CHIEF ACTUARY Presiding Officer
ACTUARIAL OFFICE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Witness Date
Attest:
Clerk
AMENDMENT
PERS-CON-702A (Rev. 3/95)
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