HomeMy WebLinkAbout1992-07-14 - AGENDA REPORTS - ADOPTION OF ORD 92-14 (2)AGENDA REPORT
City Manager Approva�7
Item to be presented by:
UNFINISHED BUSINESS George Caravalho
DATE: July 14, 1992
SUBJECT: Adoption of Ordinance 92-14
DEPARTMENT: Administrative Services
BACKGROUND
On June 23, 1992, Ordinance 192-14 amending the contract between the City of
Santa Clarita and the Public Employee's Retirement System was introduced and
passed to second reading. Once adopted, this will provide a 2I @'55
retirement benefit for City employees, effective August 13, 1992.
Adopt Ordinance 192-14.
Ordinance 192-14
Adopted:
Agenda Item:
ORDINANCE NO. 92-14
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF SANTA CLARITA AUTHORIZING AN
AMENDMENT TO THE CONTRACT BETWEEN THE
CITY OF SANTA CLARITA AND THE
BOARD OF ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOYEES'S RETIREMENT SYSTEM.
THE CITY COUNCIL OF THE CITY OF SANTA CLARITA DOES ORDAIN AS FOLLOWS:
SECTION 1. That an amendment of the contract between the City Council of
the City of Santa Clarita 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 30 days after the date of
this adoption, and prior to the expiration of 15 days from the passage thereof
shall be published at least once in The Signal and thenceforth and thereafter
the same shall be in full force and effect.
SECTION 4. The City Clerk shall certify to the passage of this ordinance
and shall cause the same to be published as required by law.
PASSED AND APPROVED this day of- , 1992.
MAYOR
ATTEST:
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) as
CITY OF SANTA CLARITA )
I, Donna M. Grindey. City Clerk of the City of Santa Clarita,do hereby
certify that the foregoing Ordinance No. 92-14 was regularly. introduced and
placed. upon its first reading at a regular meeting of the City Council on
the day of 1992. That thereafter, said Ordinance was
duly adopted and passed at a regular meeting of the City Council on the
day of , 1992, by the following vote, to wit:
AYES: COUNCILMEMBERS:
NOES:
ABSENT: COUNCILMEMBERS:
CITY CLERK c
COFIV
1 W.4.
AMENDMENT TO CONTRACT
BETWEEN TBE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND TIIE
CITY COUNCIL
OF THE
CITY OF SANTA CLARITA
ebb,
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 November 14, 1988, and witnessed October 20, 1988,, which provides for
participation of Public Agency in said System, Board and Public Agency hereby agree as follows:
A. Paragraphs I through 10 are hereby stricken from said contract as executed effective November
14, 1988, and hereby replaced by the following paragraphs numbered I through 11 inclusive:
I 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 November 14, 1988 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.
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.
PLEASE DO NOT SIGN " Exi-E rr oNt'YO
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 21251.132 of said Retirement Law (2 % at age 55 Full).
6. Public Agency elected to be subject to the following optional provisions:
a. Section 20835.1 (Limit Prior Service to Members Employed on Contract Date).
b. Section 20930.3 (Military Service Credit as Public Service),
Statutes of 1976.
7. Public Agency, in accordance with Government Code Section 20759, 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 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 contributions determined by
actuarial valuations of prior and future service liability with respect to local miscellaneous
members of said Retirement System.
9. Public Agency shall also contribute to said Retirement System as follows:
a. 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.
b. 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 effectivP%on the
.19.0.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIRE:
BY Q
CHIEF, CONTRACT SE CES DIVISION
PUBLIC EMPLOYEES' TIREMENT SYSTEM
PERS-CON-702 (AMENDMENT)
(Rev. 1/92)
CITY COUNCIL
OF THE
CITY OF SANTA CLARITA
BY
Presiding Officer
�a
Witness Date Q
QO
Attest:
day of