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Home My WebLink AboutCC Reso No 1965-1152 RESOLUTION NO. 1152 RESOLUTION OF INTENTION TO APPROVE CONTIiACT PROVIDING FOR PARTICIPATION IN STATE EMPLOYEES I RETIREMENT SYSTEM WHEREAS, the State Employees' Retirement Law permits the participation of Public Agencies in the State Employees' Retirement System, making their em- ployees members of said System, and sets forth the procedure by which participation may be accomplished; and WHEREAS, one step in said procedure is the adoption by the Governing Body of the Public Agency of a resolution giving notice of intention to approve a contract for such participation between said Governing Body and the Retirement System Board of" Administration, which resolution shall contain a summary of the major provisions of the proposed retirement plan; and WHjEREAS, attached is a summary of the major provisions of the proposed plan; NOW, THEREFORE, BE IT RESOLVED, that the CITY COUNCIL of the CITY OF ELSINORE gives, and it does hereby give notice of intention to approve a contract between said CITY COUNCIL and the Board of Administration of the State Employees' Retirement System, providing for participation of said CITY OF ELSINORE in said Retirement System, a copy of the summary of major provisions of the proposed plan and a copy of said contract being at- tached hereto, marked t1Exhibit A, B, and e" respectively, and by this reference made a part hereof. CITY COUNCIL OF THE CITY Oli' ELSINORE BY /' /;i'>y')- -~I!t, \tc:;7~ ;:z/;' /// , ,. I Mayor (Title) February 8 , 1965 (Date adopted and approved) ATTEST: <~/ ~"" ,-' A~7 ../--., ~/ "'fe"/ '7}4i;/...;/' ,/ / ,,/ Clt; Ci~;k: City(of Elsinore Ret. Form 122 EXHIBIT A COHfM(:l . l.'!:Wi ft:A!I'~ ~m!tM ,;"d '.. ICl ...:1~tl.~ .'tll.......,. a.f1tll~,*, b.H~ :eontaiM4 _4 Ol~th... 1\')11.' .t ...Dt~;1jr"!'. ... M k:." .M~f':f'fimMf?~h11e A,"i'D,1Jt$~ 1&_. bfXm7'.I;~. .. r.l1o.. 1. "1 w~nte 1M. '.. .t.lmM.lt.~.1n _1. .H....:t1_ .1a. ..$kte ~l.,..sf I.'~. ~. e-hal1h_. .. ';\ji8JUl1uti\ at\l <S.fi.. .-nia tttlJ... "t.tt.ltil'W1s. ap.'lft...l1, ,""i'_.'~l"'Ul t".tl.~..~t.&il'. .)tal1.~_ lip 60 t. ...U..... ___ ad ... 60. for 1...1 ".'7 ___1M. I.P'tkhlli AG.~ .~1 ,....1;'.'. 1~ the i....~1..pe. t _'~,~'ll' S,ate. tna &td 41\.. '. . "' .' uld,Q. it. _t~l.--- .'~,$m..t~'m'..;_~.n.l,.'.4i'.'';''t~j)3"'t.O . .)'1~ ,,;;i$lIJU till "'_Ita. ",,,,,"."'l1r_. 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'I'f~J.l;.~4tl~r41$ on a_~i!J\l~t ., -.1$'... &t . . . ~.a.,,t &'Me~rit. tbe ~~rioS;i.fJ:.l 11''liv$$t'tlf~\t.a .. ~l~.t;ion ",.',. by l:1:w. 1t. h.tr1bt~'i._."~ft4 ~l hbl1c AI_.' and 1 tit .~l"~.$ '~i.~l .~it'~I"t to al'!.tIl_.l1' by _.~ .l$."e(u..n~nt a_~_,.tl . ~.~t...~~ll.o,... * l_tl"~n' tfW'. .~ ......~._t ., t~~ ~~fj.F'itt~.. '\~"J" tn.. ~Aitti"_.l'l' 3,.... lA,' '.'fi,~"-' tll.t.~*,,1"i.al1~'tf.$':1~i1ti;fJll "tl~ ,,&1~.i.ti.i'~ n~indlt, ..W~.t:t.~. ~v. 1,). Co.atri~~t1.. ~~1"" _I r~\'lUc';'PHl I.lll'.t $, t.._V<1.f<lt1<tt!t$ aR!tall .,.14 \l, r,\l!):u.lifilW, te t.. ~~t.fL"'~' a:;'.. .~~1. \~~;r', (j",.. wr'.r ~). en.d 0'1: .~.,_1.'_ _~:l~tIa .aid e~..u~t:rt1ll'_:til.. Nt~.. It .". _1.. *_ .."."".t~:tJt. fit .~nt.r'1b\l~... .$..~4 t_ .~pen$4,,~.r ~\\,ltta.nt .~.11b$ ..* lIlM~tl.~ 'Wltb. $~~l,\.3t Nfd.'~~lt:~,li1J .. U~tu\t\Mli>>t.$ 1tf} B.<J~o..~' ~ elr:f,)l"S in "E)r.'fj"r:1~lti.~'* "~~d.l"d t1~' 'UII' ~.t. ,~~ 1''''''' _1_,.. ., 'Ct ~. ti..t M.r~ ,.,.ft__t",ftth"1.o~ .fIIt ...ra.?.-.. 4pn~, M 1i1I...., . ... ilt Oe ,t~m tJf ~nt..,_n_ef1~$,"~k "4ft$, ..nUl_ Gt~.~l!l. -~;r ~!CN\l.$, ..~. ~;1t.l. .l'laJ)~. "'1' If u, ~" '.' ~ot (, ,l T' ~,~ :J '- ' v" .1:..,r'rw.WtJ ' 'Jd Ii .\" H ' r _ '_1 .. ~u Of AOOiJISfll\"r.t8 t1An ."aru,s' D'flr{r~Uf$J~t. ,~J .1-m;;'.~.~'J..;~~1~_RJl_ AttIW.t i lIa:rl,lp_,J LI_"'Jiilr,lU ,f',,'r!"'".l ..,.lr,,:~"~ 1."llMr itet.V.b U~ EXHIBIT B sa'1AiY or MAJORl?R$JISIOU 1/'0..1/40 At .6() aet:1.l'_nt. 'JI't)~ Local ..oellan8cu$ I.... ~~, j.."""""". .i M.....R:i.p 18 c..ub~.,. t... all. empl07fHl8, oil~ tJ:1an eleeWd offie1a18. who are. _10'" o.-ha'11' t1me or moQ. 'erson. compo.at. on an hQUI'].y ba$la awe extlIa4e".. SlRtrICE Ii1rlI~ '..'.....u...'.'.... ,-,",- ','" ......-..-........, J The .-r1i.e.' retlnltment ag" i8~JJ the norul ~tJ.~.ltt. age U 60. antittie tJoapu1so17 "tl..nt ..ei.. 7C>. .lrt. _107" .,. Htd.N .l'J;1 .time. bettw..n th..t ap.,. S$ .. .10,. 131J'OV1d.edhe . ~_ tb.minimum re,um_ni$ that h. .1t~.,.M" lItO" than .00". otaoCU$u.1.ated. eontribution$, a at') "D$ of ..1"'1108. an.- attait'ttdtbe eoapu18oq ftUft1lent ... of 10. A.t normal l'etlre1Hntage 60, the anmoditi_ a:U.owuce 1.$ .1/'0 (It thAt porti10n or -tinal eompensatlonft tip to am! ineluding the JIl.OllthlY .equivalent of thellutllllUJn arumal amountinclud_ in qge.uml.r Sooial Securit" IU1Q 'll60 of that PQ:rtionof fftinal c.,.asat10.- a. 18 in. .-c... of that. ....11\. lor each If1Jaf! of c:r~ted ser- nee. . It retirement 1. .ten" ..~. age 60, the pft'eent.ag"ot"f'i~ull .-penaa... tionD for $acnytts.r otllle'M'le$ are in,rea$" aet'dri.al1TU.P to ..... 4S bu.t not be. 7on". It l"et.1reaent b~Ue" thal'l ate 60. \he pe:r.entege. 01 "11na1 e.OIIfPensaUonlt for each 1fitQ' 01 servtce ar$ actu.~al1T de...a.", "11_1 oempen$ationP 18 aVElrap 1fl<)nthl1 ,al1.U7 (lul.l t1me t-ate.) earned. 4uring t11-.t period of tnr.. con..cutive 1$CU-s 01 hign..t eaX'ning..exoluding overtime eom- pensat10n. Amini.lltunseft1ce retirement allowance 01 *.00 p&r .nth i. guarant.tM u.pon c$lllpul$oryfttt1ttMettt with CJ'l$<ti.t tor ,rior~.nic.,t or \lopen. r.ti~t at ap 6S ri'h twnt,.,.,vs of $&"1.ce.' LlI$AlILlttDtt~ ". ',' "'," ',-' 1.",', ,"_'_',l" ,,',.ltt An emp~ beco_ngdi..ble. to the extent tbat be iaincapable ., hi. taU.. mU 'be .UI1'l. for ti.at>111ty ...,1.,...., pro'tllded he baa at .SOG.' ...~l.te.o,n:tnku..t .... .t 1....' 10 rea" of ~..fb. M"1.".' .1101fan.. 1.1."._ .t if.,ffial oompe..tlo~tf torreaeh yo. et.. with a m1ldm.uu guarantee ot aSJ 01 1:1_1 oo:mpen.at.ion tor _st f:m\ployee. renti~ at 10..t10 11'''$ Gt aemo.. The Qi.sabll:lty. Htire.ntoal1o..nee .hall 1l1nd:e.. _ elrOUllS'tanetU5 ....4 the I.:rvlee 1"etireme>>t .11owane.,ay~bl. upcm ret1:r.... lI.at ftJ)r eG1"'V'1ce at ap 6G. D&TI i3llrti."I'l'I . I !be 4e..thbene.ltt, When death occurs before 1"et1r..nt., con$i.t. 01 a refund 01 tne melltb.r'l~uulaMd 'Gatr1b~tlonl (lmclutiftI1nttftlJ' e.r..). plus an .... d:Ltional benefit eqllal t& $1~ .nttu,' sala%'y' were he bu ..n .. mem.bex- tor lis: 1EU1H or more. 'or thoae.hobe:,.. b"n a member r(!)r les$ tban six years. the .6ui... ttona.l benetit i...~ meJl!d.h'..8a.lal7 tor each year ot m.8Jlllerlhip. It death.ceurs after-retirement .. lump$u.If1 of $400 w:tll be pa14. 'fh1. atllOl1nt Wilt be in add:tti<Jnw any '0..1'1 t8 wien .87\'). pal'" tnm $oc:i.a1 Securtty o1"any pa;yMnu wich 11I1.t " ~ .mler anopti\'iUila1. "tire_>>t benetit 0."1'1 bY' the m~r at hi. retiremtitnt. suaVUQll$.JJn, ')' .. A_nthl)" .l1.ow-ann. 1ft '1A.eu Qt. the deathl>enet:tt.otbfint.. p:tov1ded, tor ."r- tain SVYivO'r' of .. ~r whod1\1. U8ll1Ployraant .tterqua.U.fy1ng t(1) v.lu.n',..,. $,"1ce J'ft1remftt. '~,Nj\,!10N OFillWUJ:nIiiNlJ Upon tend.nat.ion of EtmployrlliJnt, an employe. lllq .ittu.. lEt.vehis ..ntt1.butJ.otle with t"$'''.. and 1'''01''_, upon attainlng re:tirem.ent. ag., tbe :ret1r._t benetit he haa earned.. .1' he. ma1'd.tbdra. bte contribution. (PlUS 1nten8t). tau8 temina. ttnc'h1s Idltlb...hlpln the$yat.a. a.d "0,e1v1ng no ntire_nt benefit. lM~t.1 (.1) ..__bD With ~ or les. in.. aOC~latacl"ntl"'1'but1Us.... d. at! lea8. tnan 20." pars &f..nice Iha11nct bave tne pri..-tle.. of It.aVing i'd.seontutiomJ nth tbe $y,- - tem, but shall au:toma:tt.,.UifY havebl. coninbut1o_,plU1S1rd'....t,:retun4ed ~lGn 1iendrmt,lon oteJlplo;y'lUiMr" a$i (2) .. tllbber Who 18 trar.l.$f'~nl to employment 1d.th bother agctMy Whif.\h 1. cO.'1'84 wadel' tne S7$to. .tutU not bave tn.npt of w1th- draW'tng hi. "8_U18t_ eo:ntttbuti.... lMPUinPJ GONTi!!XJU'fIONS " Ea.h ..bel' MQkEUJ monthl,. oontr10\11;10na to the S~t. .iea aN '.auot_ h'om bia,a'.la17_ Tberateo'.o>>trlbu.id;oa.(,eMen_ge.' pay) 'epemi$ upon a mEUlO~.' .. and age (nea.reat butb~)on tM <iateet becOlldng fa ....1' and "arte. t~Qm a tnln~lt\ td 3.$_ t.o a MdllUm of 1e$'I than 11."_.. The eapleyer al$o contribute. toward the .ost otthe benetit.. The_unt eontributed ~7 the ...1.,.1' tfl'r~nt..rvtce benell_vill, on the ave~~.. .... et9$d t.be 8ell\ to the emplopeill: In addit1on, the _1.o,.-_e.n the entire OO$t ot prior lent.. \)enetlte. AU contribution rate. are .ul;~ect to ""v1.1011 by the Board or AdmlJl1etl'ation. EXHIBIT C !U~t or MAJORPifJ'ISIOa . WCALS.um ~ 1_ af 6Q UI,l'J:~.Q ,~ ~..,',.' .SHIP .' .... -.'. """ Membenh1p 1$ '.Jl'PuU~ t....al1 tmplo;y'ttGe) .tn_ th..n el..tM .t:tie1a18) 'Who 8:". .mplo;yed..n....lullt t1l!ll1 or ~l\h P~.OM cOJ'4pElneate4 on an hOlJ.1'1.1bU1$ .. fJxcl*,ed. SlliiJVIel ltl$!If(II'1mN'f }\ .. .......1 r ........ ,".",,'. "',jr i'hee...U.' "tl~._nt *Ie 1$. $~, the nc:>1"mal ntir._ntage 18 6QJ anti the c019u1sot.'Y Htlrement ag. ,:1S 6J., . An employee .1' ftt~any time D"'We$n th... _ge., $S and6S, pro14d.4 he." the minim_ ftqu~nt tJwt h.I~(~~'1 ha.... .1'. than tJOO of aceWJl,\lla:be. eontl'ib\tlt:1ons" .a 2'91'N'It'S of$~1", a . ae at. tatned tn. .ompulso1"Yfttire_nt &I. o.f 6$. At. tlOrmal Mtu_nt age. 60. theu.nmod1fletl lUe aU.OW$Jlce is l~of "l'inal compensation$! for each yearot .e"~ted serviee. If ret1~nt isd$ternd btYoMi ap 60, the f.le~(tentag. of "final e~n8ati~fl" tOF 4lU10n year of 8.~ee 1d11 be in"" erease". if retirement ls 8$U?Uer tho. age 60, the pel"eentap ot f':filial c~ensa."" t10nlt tor eub1$e.r ot..Mi.:ee 1ri..llbe dec.rEillise4. Where ret~nt 1s earUftthe;n age 6S, a temporary ann;td,ty will be ,.;yaele until age 65l 1s reach_. fff1ntd eOllpensatt"fl'. i8 avel'a__nthly' sa~' (lull t:lJRe ~ate) eal'n. dflU>ing tlta,t period ,of tnr.$ O..Rteeutln Pm"l of bigbe8' Qrninga, .-1.u.ding ...,..,_ com. penlat1on. A m1ttimum llIerviee ret1r.-nflnlt.aUowanee ('jf Uo pel' month 11 guaNft~ed upon ,om- pulsQry ret1reme,.t with credit to.... pl"ior s~c.e. DI$lUULITI ilE1'll:tli;.ti5N't n' "."-- .,_.,..".. I.....', ',':"" An..l.,,.. eecom1~ ti1sable. w the .wnt ttUl,t b. 1s incapable of pcwtorming ids dutt...hal1 be ret:1.x-ed t(:)l:' titsabili 1'.1. Hladise:bU.l ty Will. be eitherall1plQyment... \?WM,.t$i (imil&8tnal €l1$abl1ity) .1" othenrie. (non1nciustrialdiSs.bllttl). It dt.._nit1i. ..l.,..nt.c.n....t.d n. wlU1).eU.gible t.. a lite 1ac.. eq\u\l to. ot: M8. "Bne1c..en_ttGn". If he ..1$.1$0 .nt1tl~ '-"oelve .. _nthl1 <11o;b111t, b$netit. tft. .~&l. Securtty tlle be.fi.t ,ayable h_ tmt State '~1t)1$.$' Set1J'Uent System will b$ ""uced.by the ~l1nt be 1. el'1t:ttlft .. receive .~S$.talSe.url't1. An~lf),.e . b.._t.ogQt..bl.t.~ reas..1'1Ot. eonnected 'fd,tn111...1<>~t anall be elid.ble t.~41.ab111t1 retlnment ,:rev1(ietibe.ftu at laut '$00 of accumulated eQ-nttil:nJ,t$li.Hl' or at lesat 10 year. fi1t .el"rte.Jsl.:teb diSllb1;U.ty retire.. ant allowance 1$ 1.5_.' "tlnalc~uation" for eacl1 ~ ol,e"iee, lfitb .. guarantee of2gJ Ofeucb compea$'ttf)n for most tmtplQ:,eQ .0 tla<i1. "rlCi.~ a~ Ieallt 1.0 ye....:r ft1'Viee.How....er. t1'1.. G;.tsabillt1 re\inmen.t all.ow,,~. _..t "8. the 1."1" "t:i~el'!t. '11f)v-.nce .t.~4.ch would be payable U' empl..en, ..uW coatin". until -.-. 6() :retiretflent. D~....'m. .mlTS " .C' '.. .......,... .., .. .,,"'. "..". 'l',"j It d...tll bel.. m;i,:r..~t.l. ,mp).Gymeni-..nnet.ttl4 (4.ndtu,tn..l .$.t.b) 'ttbt st.t...,.. WllU.,. ._~thl1..i,",- to tnc-._dow ~ul to SQJ o.t..ttte ....be:r.. "t1nal~.mp.ene'.\i1cm. umtU ...ttb or :r.arr"p. ~t the Jd,dsw:. . fio..~:rJ it Ib.e U al80 eligible torr nrviv$:r hlene.tltp.,..nts I~S$c1a1 .S..u1ty bee au, of the me..'" death tbe.,tate $1$'- benel"'t WillM r.~ed._ tile"'W!lt .t: sacb .u"ivo~ benetlt$$Q 10_.. Q .IGctd SlIMluritT ..tl.Qep"~Qle (uu..11.tuntU the ..1otmgIUJt enlWreaebe. 11 it. -'e ~dow 18 not tbe.. agBill.. Up.~411.o.t1.uaac' of aee1al.S.cu~t,. b$nef1ta t.he.t..t. _,._. p~.at ia N.to~ .to thehU J. level. If th.. i$ .no _dolt or ir..ties or r~.. *11.8 ~.f'. U'EJ. ......ri. <tbl1d:reutoladw ta, tb..tat.e ~'- beaet1t is pad _ ~eeb.:U,".rh It tnede.t.h ie not..Tfie...eon.eted., tlle benetit cfi>nsj;.$t$ of .. Nf\U'ld .etthe member' ......u1.'.4 ~o.tr.ibtolt:l.. ,1~. an ad~t1()nalbe_tlte~..1 to a;1;l montbs .a1.~,p1"c>...ld" he h.,.b..1t ...bet I$r at leut $lxyearli!t'QI' .th~s. wh<) have 'been It_cer. le.sthan .b ,....,' the additi()~). benetit 1. .qual. t13 .a. _nth-, salary tor each 1~- of m_enbip.. It d..... .cur. atte.. ret.irftf,llftt a lumps. of .i400. wiU be pa14. '1'h.ia a.Jlmunt 'rill l)e 1. ad4ition to..,. ben.tite whi,ch mq be patti &0. Soci.al $eoUJ'ity ... a.n,y pa)l'lllel'1ta 'Which mipt 'be .c.t. \1__ ..optional. "ttr..,.' lienfttlt Gbose1ll.l1 th$. membtr at hi. rettreaent. ~:avn<m lll!:ir.$FI'tS J... . . ,'.' .1 r A. .nthJ.1 al1ow~.. in u..u 0t 'he death. "benetl:tflth.M$e p:rmr14efl. roa- oertN.tl ~T4W. of a ill_her litho die. In-.lo1JMltnt $I. ~~1ali.flln$ t,r .... v.i."'e retirement. T~,N:lt1.'10.N O'I~to'DJ.a:ft ',' ",'" '$ '1. ' , ' tJ Upon term:tnati1)Dlilt_lo1*tttt.. "'1\ emplo1$e mau .itller l~vebi.. .ontrlb\i. ti.ns With tbe Syetem and2l'ecei1lf., tolpon 8;tta1n1~ J!$t.1rement age.. .tbI. n\1r-.ut "n.t~t.. be. . earDed, or be may "~a.. his ci1)nt;nbu,t1tu18 (,1'Q.81a~r.8t.).ltJl.. tenil1atlllB hi,. mabersh1pln tk.S,.,t_ and N..ivlag110 Ntil'-.nt benefl'_ __ept" (1) . m-m...wttkl$CO $Jl'le$s in aCQurt\\:J.a" eo~tribl;ttiou.n4wj;'bl.$' tnan If) 711"" lit le"1t.1eaball..! haye the pli'iw:lege (it leavJ.nc ltd.. .Ofltd.but:!on. with the .t.~.bu''' sbeJ.l au,t.0ut:ital1T ftBVe ht. eo:ntl"ibutl:G...s, plu,"1rltEJl"$/St, :Nit... 1'u.... l4Ptm.te.-.1nation ~ .,.l.o'--l.t ana (2). ....r 'Wbol. ~.f'ri.ni 't$. em.. plo~nt with. -_tur .ac.y _teb is cov__ .Wlder the Sy$:\_ shall nottsxaV$ tbe rigbt of Wittuilnwing hl..eWltllate4oontJ"lbnti... ~U>Ji~. C(:1Jt!1~IUWI~~~ . _11 Dlembetouk.. _ntb.1yer>ntrlbut1ons to tn. .$,.._ _:Lehan 4t4uete4 from his salary. !he rate 01 $onvllwt1on (p.J"oerx~~ of pay> d$pem1$ "Pon am.m'be!". t ... and age (nearest bidhdq}G:. tbe uate of b.$fDld.n~a --.bel". Such cOl'ltribu.. t10nl lor. mat.'Jl'.Q)lo,... e\UTe.1y range from. mtnimUll of 3.6t.%et sal.. _ .- ma:d.mwa.t 7 . as,; of . $al8.I'Y_ !&_.,loyer a'1so ,00ntril::nd~.1 t.ard the cost. o-t the, 'ben.tl till.. TG.. a.mG:uat eontr1bllHdb;r tlt. t)mplo,.r 101' c:u~nt ..me. ntir-.nt __1'1 t.8 w111, On tb. av.rap, ... the OM'. '$ the ..,1.180. In adtAitton, the emploV_ ~. the entir.,con ot prior eJ.-v:Le. benefits, tbe tempora:r, aanu1ty,ami the lmiuatnal deatb and. dtp'b1lltq benetitsli Allcont.ributi.n rate$ are subj.ct to reYisiG1'1 by the JaU'Cl otAdministration.