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O 507 C.S. ORDINANCE NO. 507 C.S. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE TO AMEND THE CONTRACT BETWEEN THE CITY AND THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHEREAS, the City of Arroyo Grande, County of San Luis Obispo, State of California ("City") is duly authorized and existing under the laws of said State; and WHEREAS, the City of Arroyo Grande has contracted with the Board of Administration of the California Public Employees' Retirement System to provide retirement benefits to the employees; and WHEREAS,--the City of Arroyo Grande wishes to adopt the provisions of Government Code Section 21027 (Military Service Credit for Retired Persons) for local miscellaneous members and local safety members and the provisions of Government Code Section 21362 (2% @ 50 Supplemental and Modified formula from 1 ~ @ 60 Supplemental and % @ 55 Modified formula) for local fire members only. NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Arroyo Grande, as follows: Section 1: That an amendment to the contract between the City Council of the City of Arroyo Grande and the Board of Administration of the California Public Employees' Retirement System is hereby authorized, 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 Mayor of the City of Arroyo Grande is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said City. Section 3: Within fifteen (15) days after passage of this Ordinance, it shall be published, together with the names of the Council Members voting thereon, in a newspaper of general circulation within the City. Section 4: This Ordinance shall take effect thirty (30) days after its adoption. ORDINANCE NO. 507 C.S. PAGE 2 , . On motion of Council Member Tolley seconded by Council Member Runels, and on the following roll call vote, to wit: AYES: Council Members Tolley, Runels, Dickens, Ferrara, and Mayor Lady NOES: None ABSENT: None the .foregoing Ordinance was passed and adopted this 14th day of September 1999. _._. -- ---_._-~ _._--~--_.._.~~._--- ._----_.~_.~---~-_.~--- -- ._._--- .-- - .._------ -- ---- ORDINANCE NO. 507 C.S. PAGE; 3 .. ". MICHA~~~ ATTEST: E, DIRECTOR OF ADMINISTRATIVE SERVICESI DEPUTY CITY CLERK --- APPROVED AS TO CONTENT: ~bL. ~1 ROBERT L HUNT, CITY MANAGER APPROVED AS TO FORM: . A CalPERS California Public Employees' Retirement System . , AMENDMENT TO CONTRACT Between the --- Board of Administration California Public Employees' Retirement System and the City Council City of Arroyo Grande . The Board of Administration, California Public Employees' Retirement System, her~inafter 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 July 10, 1964, and witnessed June 16, 1964, and as amended effective September 16, 1966, May 24, 1973, July 4, 1980, June 24, 1988 and February 12, 1999 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 13 are hereby stricken from said contract as executed effective February 12, 1999, and hereby replaced by the following paragraphs numbered' 1 through 12 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 and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after July 10, 1964 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. ~ ~ _.. -.- _.- ~---"-~._--_.- --------._----_.~-----,,---_._----~------_._---_._-- -_. -- -.-- u _.___.. _ ., 3. Employees of Public Agency in the following classes shall become members of I said Retirement System except such in each such class as are excluded by law or this agreement: . a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); c. 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. EMPLOYEES COMPENSATED ON AN HOURLY BASIS; AND b. __ ELECTED OFFICERS. 5. The percentage of final compensation to be provided for each year of credited prior and current service asa local miscellaneous member shall.be determined in accordance with Section 21353 of said Retirement Law subject to the reduction provided therein for Federal Social Security (2% at age 60 Modified and Full). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21362 of said Retirement Law subject to the reduction provided therein for Federal Social Security (2% at age 50 Modified). 7. Public Agency elected and elects to be subject to the following optional provisions: a. Section 21222.1 (Special 5% Increase-1970). Legislation repealed said Section effective January 1, 1980. b. Section 20965 (Credit for Unused Sick Leave). c. Section 21024 (Military Service Credit as Public Service)", Statutes of 1976. d. Section 21027 (Military Service Credit for Retired Persons). 8. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on July 4, 1980. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 9. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 10. Public Agency shall also contribute to said Retirement System as follows: I 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. . 11. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public. Employees' Retirement Law, and on account of the experience under the Retirement System as __determined by the periodic investigation and valuation required by said Retirement Law. 12. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen days after the end of the period to which said 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 14th day of September ,19.1.L. BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES'RETIREMENT SYSTEM CITY OF ARROYO GRANDE BY BY KENNETH W. MARZION, CHIEF PRESIDING OFF CE ACTUARIAL & EMPLOYER SERVICES DIVISION MAYOR PUBLIC EMPLOYEES' RETIREMENT SYSTEM q -I ~ - '1'1 Witness Date Attes~lkll~ Clerk AMENDMENT PERS-CON-702A (Rev. 8\96) - .. - ---- ..__...'.- -~- -- _.... - - - -- -------~--_...._---------_._-------~-----------_.__._~+----~--~_.- - -----.- -.-. _.._----~_._----- ----~---~_.- - ----- --_.,._---~--- -"---.----------- - -----_.- --------- - ---- - - ------ OFFICIAL CERTIFICATION I, KELL Y WETMORE, Director of Administrative Services/Deputy City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the attached Ordinance No. 507 C.S. is a true, full, and correct copy of said Ordinance passed and adopted at a regular meeting of the City Council of the City of Arroyo Grande on the 14th day of September, 1999. . WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 16th day of September, 1999. 1;/i OIvL- E, ADMINISTRATIVE SERVICES DIRECTOR DEPUTY CITY CLERK