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O 554 ORDINANCE NO. 554 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE AMENDING 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 Section 20042 (One-Year Final Compensation) 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. On motion of Council Member Runels, seconded by Council Member Dickens, and on the following roll call vote, to wit: AYES: Council Members Runels, Dickens, Lubin, and Mayor Ferrara NOES: None ABSENT: Council Member Costello the foregoing Ordinance was passed and adopted this 24th day of February, 2004. ~--~------- -- ORDINANCE NO. 554 PAGE "2 ATTEST: vUL RE, DIRECTOR OF ADMINISTRATIVE SERVICES! DEPUTY CITY CLERK APPROVED AS TO CONTENT: ~~~lffMANAGER APPROVED AS TO FORM: -- A : 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 Arroyo Grande . 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 July 10. 1964. and witnessed June 16. 1964. and as amended effective September 1.6. 1966. May 24. 1973. July 4.1980. June 24. 1988. February 12. 1999. October 15. 1999. September.28. 2000 and January 4. 2002 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 January 4. 2002. and hereby replaced by the following paragraphs numbered 1 through 13 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; age 50 for local fire members and age 55 for local police members. ""- -- ..,.... PL8\SE DO NO! S\GN "Ex.\""" . 2. Public Agency shall participate in the Public Employees'. Retirement System from and after July 1 0, '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 con'tracting agency. 3. Employees of Public Agency in the' following classes shall become m~mbers of 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 ~afety 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 OFFICIALS. 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 of said Retirement Law subject to the reduction provided therein for Federal Social Security (2% at age 55 Modified and Full). , .6. The percentage of final compensation to be provided for each year of . credited prior and current seryice as a local fire 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. The percentage of final compensation to be provided for each year of credited prior and current service as a local police member shall be determined in accordance with Section 21363.1 of said Retirement Law subject to the reduction provided therein for Federal Social S~curity (3% at age 55 Modified). I PLEASE DO NOlS\GN "E~H\3iTL:~. 8. Public Agency elected and elects to be subject to. the following optional provisions: a. Section 21222.1 (One-Time 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). ". . e. Section 20042 (One-Year Final Compensation). 9. Public Agency, in accordance with Government. Code .Section 20790, ceased to be an "employeI'" 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. . 10. 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. 11. 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 valuatio~s on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 12. 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. ~-- ;: --4 13. 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 shaH be effective on the day of. BOARD OF ADMINISTRATION CITY COUNCIL ... PUBLIC EMPLOYEES' RETIREMENT SY~!=-M CITY OF ARROYO GRANDE #- BY ,~~' BY KENNETH W. MARZION, CHI~ PRESIDING OFFICER ACTUARIAL & EMPLOYE~ ~R'vICES DIVISION PUBLIC EMPLOYEES' R~IREMENT SYSTEM . $0~ {.<\) .....c"v < \....:-... ...., '-,.\ ,,~ . ..c&: :\' - .J,"?ff." ' ,<,. t- ....' \... ,..">-' . , t)\~'''''' -< . ',' Witness Date ~\) ~ <'.....~ . < <\.~.j Attest: .s,.~~... (~\10._..... , . .. Clerk AMENDMENT ER# 0545 PER5-CON-702A (Rev, 8\02) -- I I 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 is a true, full, and correct copy of Ordinance No. 554 which was. introduced at. a regular meeting of the City Council on January 27, 2004; was passed and adopted at a regular meeting of the City Council of the City of Arroyo Grande on the 24th day of February, 2004; and was duly published in accordance with State law (G.C. 40806). WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 27th day of February, 2004. ~I~ KELLY W MO~E,DIRECTOR OF ADMINISTRATIVE SERVICESI DEPUTY CITY CLERK ----------------- ..~ I