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HomeMy WebLinkAboutOrd. No. 1983-682ORDINANCE NO. 682 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY AND THE BOARD OF ADMINISTRA- TION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES ORDAIN AS FOLLOWS: SECTION 1. That an amendment to the contract between the City Council of the City of Lake Elsinore 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 herer.in_~et..QUt.in_.full. SECTION 2. The P1ayor of the City of Lake Elsinore is hereby authorized, empowered, and directed to execute said amendment for and on behalf of the City. SECTION 3. This Ordinance shall take effect 30 days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof shall be published at least once in the Lake Elsinore Valley Sun Tribune. a newspaper of general circulation, published and circulated in the City of Lake Elsinore and thenceforth and thereafter the same shall be in full force and effect. INTRODUCED AND PASSED UPON FIRST READING this 11th day of October , 1983, upon. the following roll call vote: AYES: KNIGHT, D1AC MURRAY, TORN, VALENZUELA, UNSb!ORTH NOES: NONE ABSENT: NONE PASSED, APPROVED AND ADOPTED UPON SECOND READING this 8th day of ~ November 1983, upon the following roll call vote: AYES: .KNIGHT, MAC MURRAY, TORN, VALEfdZUELA, UNSWORTH NOES: NONE ABSENT: NONE J~"HN G. UNShlORTH, MAYOR ATTEST: f J ANN MONEY, C TY CLERK STATE OF CALIFORNIA ) ss. COUNTY OF RIVERSIDE ) I, Jo Ann Money, City Clerk of the City of Lake Elsinore, DO HEREBY CERTIFY that the foregoing Ordinance had its first reading on October 11, 1983 and had its second reading on November 8, 1983 and was passed by the following vote: AYES: COUNCILMEMBERS: KNIGHT, MAC MURRAY, TORN, VALENZUELA, UNSWORTH NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE J NN P10NEY, CI Y L RK I Y OF LAKE ELSINORE (SEAL) •~ ' AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE P~~Cgs~ The Board of Administrati~0 lic Employees' Retirement System, herein- after referred to as Board and t~"e~i ~.~ _ inafter referred to as Public Agency~~hav~~ing bteredfintova contractgeffeciivee July 1, 1965, and witnessed April 30, 1965>,~' ovides for participation of Public Agency in said System, Board and Public Age Hereby agree as follows: A. Paragraphs 1 through 13 are hereby stricken from said contract as executed effective July 1, 1965, and hereby replaced by the following paragraphs numbered 1 through 11 inclusive: t. All words and terms used herein xhich are defined in the Public Employ- ees' 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 local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after July 1, 1965 making its employees as hereinafter provided, members of said System subject to all provisions of the Public Employees' Retirement Lax 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 ezcep~ those, which by ex- press provisions thereof, apply only on the election of a contracting agency. 3. Employees of Public Agency in the following classes shall become mem- bers 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 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• PERSONS COMPENSATED ON AN HOURLY BASIS. a -' . 5. The fraction 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 21251.13 of said Retirement Law subject to the reduction provided therein for rederal Social Security (Modified 2;6 at age 60). 6. The fraction of final compensation to be provided for each yaar of credited service as a local safety member shall be determined in accordance ~b Section 21252.5 (1-1/4~ @ 60, supplemental to Social Security cove 7. The following additioonaT'~r,~j6j~i,ons of the Public Employees' Retire- ment Law, which apply only upoh e'l~E on of a contracting agency, shall apply to the Public Agency an"87~ loyees: a. Section 20024.2 (One-year final comp~~~~ion), for local miscellaneous members only. 8. Public Agency, in accordance with Section 20740, Government Code, shall Cease to be an "employer" for purposes of Chapter 6 of the Public Employees Retirement.Law effective as of the effective date of this amendment to contract. Accumulated contributions of Public Agency as of the date of such amendment shall be fixed and determined as provided in Section 20759, Government Code, and such accumulated contributions and contributions hereafter made shall be held by the Board as provided in Section 20759,. Government Code. _ 9• Public Agency shall contribute to said Retirement System as follows: a. With respect to local miscellaneous members, the agency shall contribute the following percentages of monthly salaries earned as local miscellaneous members of said Retirement System: (1) 1,097 percent until=June 30, 2000 on account of the liability for prior service benefits. (2) 17.369 percent until June 30, 2000 on account of the liability for current service benefits. b. A reasonable amount, as fixed by the Board,'pg~able in one in- stallment 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. c. A reasonable amount, as fixed by the Board, payable in one in- stallment 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 v - uation required by said Retirement Lax. 1 11. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty 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 cor- rect amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances, or adjust- ments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. B. This amendment shall be attached to said contract and shall be effective on the day of 1 9 Witness our hands the day of 19 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF LAKE ELSINORE P~q S~ p0 NDr S/ BY CjN rye. CARL J. BLECHINGER, ERECUTIVE OFFICER T Officer ~~lY" Approved as to form: Attest: Margaret J~oehn, E al Office a e Clerk ~~ PERS CON-~02