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CC RESOLUTION 2145RESOLUTION NO. 2145 A RESOLUTION OF INTENTION OF THE CITY OF EL SEGUNDO, CALIFORNIA, TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF EL SEGUNDO. WHEREAS, the State Employees' Retirement Law permits the participation of public agencies and their employees in the State Employees' Retirement System by the execution of a contract, and sets forth the procedure by which said public agencies may elect to subject themselves and their employees to amendments to said law; and WHEREAS, one step in said procedure is the adoption by the legislative body of the public agency of a resolution giving notice of its intention to approve an amendment to said contract, which reso- lution shall contain a summary of the changes proposed in said con- tract; and WHEREAS, the following is a statement of the proposed change: 1. A monthly allowance shall be paid to certain survivors of a member who dies before retirement. NOW, THEREFORE, BE IT RESOLVED, THAT THE CITY COUNCIL OF THE CITY OF EL SEGUNDO gives, and it does hereby give notice of intention to approve an amendment to contract between said City Council and the Board of Administration of the State Employees, Re- tirement System, a copy of said amendment and a summary of the major changes of the proposed amendment being attached hereto, marked "Exhibits A and B" and by this reference made a part hereof. PASSED, APPROVED AND ADOPTED this 8th day of November, 1965. ATTEST: Mayor of e 71—ty--oTEI Segundo, California z:e - &e4r-C�_ City Clerk EXHIBIT A EXHIBIT A AMENDMENT TO CO.NTFACT 3ETWM THE "RD OF ADMINISTRATION STATE EMPLOYL5' RETIREMENT SYSTEAM AND THE CITY COUNCIL OF THE CITY OF EL SEGUNDO The 3oard of Administration, State .E:rrioyeers' Retirement System, herein - after :Referred to as 3oaErd, and the CITY COUKIL of the CITY OF ]EL SEGUNDO, hereinafte - refereed to, as Pu'7i.ic Agency, having entered into a contract under date of Auvust 25, 1943, effective October 1, 1943, and as amended effective November 1, 1947, August 1, 1943, July is 195C', Novemoe- 1, 195,50 Se. temaer 1, ? 9 �3, March `), 1959, Oct©taer 5, 1964, and NoveW)er 7, 1964, which rovides for aricici; ati an of Puloiic A .encsy in said System, 3oard and Public A ;enc•y hereoy agree as folla+ia: A. The followin -; ara6ra ha shall :zit added to sal-d Contract: ,)(c)(12) Section 21380-7 ( rovidina, for a1 Lowaneea for surv, vors of 4rou; A and safety nem aers covered under the ro.-ram u,:on deaths before retirement) shall 7(e) X55.:36 ;,ers month for each memi3er covered under the �.rovi.siona of Section 213SU -7 (SERE Survivors '_-,rogram). 3, This amendment shall ce attached to said contract and snail become affective or: the day of Witne.iv ,cur hands this 30ARD OF ADMINISTRATION STATE EMPLOYEES' RICTIRUffM SYSTEM day of CITY COUNCIL OF THE CITY OF EIS SEGUNDO :3Y Fresidiii, . Officer Attest: r :dY WiLlian E. 'A. er, Executive 0 ioe�r .iet. Form 702 -2- ti•G EXHIBIT B MCIIBIT B Benefits to Employees Under SERS SURVIVOR BENEFITS (Benefits provided by Sections 21380 -21386 of the Retirement Law) BENEFITS Survivors of members who elect coverage under the SERS survivor program and whose death occurs before retirement will receive a monthly life income as follows: Widow and two or more dependent children or $250 Three or more dependent children, alone Widow and one dependent child or $180 Two dependent children, alone Widow, alone, age 62 (widower age 65) o or $ 90 it One dependent child, alone o If there is no widow or dependent child, then to each dependent parent (mother 62, father 65) $ 90 Conditions: 1. A dependent child is one under the age of 18 and unmarried, or a disabled child of any age who has been continuously disabled since age 18. 2. A widow ceases to be eligible for a benefit upon her remarriage. ,ly 3. A widower will be eligible for a benefit the same as a widow provided he ; was dependent upon the deceased member for at least one -half of his support. 4. The basic death benefit currently included in your retirement program pro- vides that should a member die prior to his retirement, his beneficiary would be paid the member's accumulated contributions plus an additional amount equal to one - month's salary for each year of service, up to a maximum of six months. The above survivor benefits will be payable in addition to any basic death benefit the survivor may be entitled to receive. 5. If a member is covered under both the SERS survivor benefit described abovqh and the survivor benefits as provided in Section 21365.5 of the Retiremen-, Law (Section 21337 for safety members), the survivor would receive the greater of the two allowances, but not both. Ret. Form 1171 -1 (1/60) Ret. Form 1171 -2 (1/60) -3- 300 300 EXHIBIT B Benefits to Employees Under — SERS SURVIVOR BENEFITS (Benefits provided by Sections 21380 -21386 of the Retirement Law) BENEFITS Survivors of members who elect coverage under the SERS survivor program and whose death occurs before retirement will receive a monthly life income as follows: Widow and two or more dependent children or $250 Three or more dependent children, alone Widow and one dependent child or $180 Two dependent children, alone Widow, alone, age 62 (widower age 65) .o or $ 90 Iii One dependent child, alone Lo If there is no widow or dependent child, then to each dependent parent (mother 62, father 65) $ 90 Conditions: 1. A dependent child is one under the age of 18 and unmarried, or a disabled child of any age who has been continuously disabled since age 18. D 2. A widow ceases to be eligible for a benefit upon her remarriage. Ily 3. A widower will be eligible for a benefit the same as a widow provided he 3 was dependent upon the deceased member for at least one -half of his support. s 4. The basic death benefit currently included in your retirement program pro- vides that should a member die prior to his retirement, his beneficiary would be paid the member's accumulated contributions plus an additional amount equal to one - month's salary for each year of service, up to a maximum of six months. The above survivor benefits will be payable in addition to any basic death benefit the survivor may be entitled to receive. 5. If a member is covered under both the SERS survivor benefit described above and the survivor benefits as provided in Section 21365.5 of the Retiremen Law (Section 21337 for safety members), the survivor would receive the greater of the two allowances, but not both. Ret. Form 1171 -1 (1/60) Ret. Form 1171 -2 (1 /60) -3- •• 300 STATE OF CALIFORNIA, ) COUNTY OF LOS ANGELES, ) SS CITY OF EL SEGUNDO ) I, EUNICE U. CREASON, City Clerk of the City of E1 Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing Resolution, being Resolution No. 2145 was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 8th day of November, , 1965 , and that the same was so passed and adopted by the following vote: AYES: Councilmen Frederick, Kimport, McElhaney. Nadel and Mayor McGill; NOES: Councilmen None; ABSENT: Councilmen None. WITNESS my hand and the official seal of said City this gth day of November , 1965 City Clerk of the City o egun o California (SEAL)