CC RESOLUTION 22361059?
RESOLUTION NO. 2236
A RESOLUTION OF INTENTION OF THE CITY OF
EL SEGUNDO, CALIFORNIA, TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN THE BOARD
OF ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF
THE CITY OF EL SEGUNDO.
WHEREAS, the Public Employees' Retirement Law permits
the participation of public agencies and their employees in
the Public 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 of the steps required in the procedure
to amend this contract 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
resolution shall contain a summary of the changes proposed in
said contract; and
WHEREAS, the following is a statement of the pro-
posed change:
1. A monthly allowance shall be paid to certain survivors
of a Group A or local safety member who dies before
retirement.
2. Retirement allowances payable for time commencing
on the first day of the calendar month coinciding
with or next following the effective date of this
amendment to or on account of any person whose
retirement became effective on or prior to
December 31, 1966 are hereby increased according to
In -5?q
a sliding scale ranging from two percent for those
whose retirement became effective during the twelve
months ending December 31, 1966, to a maximum of
twelve percent for those whose retirement became
effective prior to January 1, 1962.
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 Public
Employees' Retirement 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 12th day of
August , 1968.
ATTEST:
City Clerk
(SEAL)
Mayor o the City of E1 Segundo,
California.
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EXHIBIT "A"
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tz-ion �uuft be-fore ret1rou"nat).
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=%4oai3a in japibl* ror tJjx, owcwr4jrAZ on tha first
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of GfICU4311 21330-*�j (19j') S:UxV-4vtw8 'v;Ozz4S*
'itth 'n a'--Qct U, 10"cal Sarav ==tore, th.- city' Shou O=trjtUt'-'
the follwLig 1--ame-Atews a mouth m1ariez eeuned as lo=a
safetY wmbera c�f mid aystaw.
-12.323 Perc4;Wt on =count of the liability for zurr4mt
(2) �,.J.00 ;=Qr zwjrth for m.,h umber ecovL-rte under the iravLaiona
of 1-yraatiotl 2-1330- t' (1.959 Survivory Frozm)-
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EXHIBIT "B"
Benrepfi ts rLto Emoloveas Under
SERS StJFV i VOIL 1)1�1,L' J I rlS /
(Benefits -)rovided by Sections 2131_' -)-21387 of the Retire,i�ent Law)
Br? IEFITS
Survivors of members who elect coverage under the SLRS 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
Two dependent children, alone
$ 180
Widow, alone, age 62 (widower a6e 65)
or s 90
One dependent child, alone.
If there is no widow or dependent child, then 90
to each dependent parent (mother 62, father 65)
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 tc be eligible for a benefit uoon her remarriage.
3. A widower will be eligible for a benefit the same as a widow arovided he
was dependent uoon tre deceased member for at least one -half of his
support.
u. 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- monthts salary for each year of service, up to a maximum
of sir 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 SLRS 1959 Survivor Benefit described
above and the survivor benefits as ,)rovided in Section 21365.5 (1957
Survivors Benefit) of the Retirement Law, the survivor will be paid
both benefits.
Lt. Form 1171 -1 (10/66) 2C°j
0
STATE OF CALIFORNIA, )
COUNTY OF LOS ANGELES, ) SS
CITY OF EL SEGUNDO )
I, EUNICE U. CREASON, City Clerk of the
City of El 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. 2236
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 12th day of August , 1968 ,
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Frederick, Nagel, Stephens
and Mayor Carr;
NOES: Councilmen None;
ABSENT: Councilman Balmer.
WITNESS my hand and the official seal of said City
this 13th day of August , 1968
Clerk of the City of egun o
California
(SEAL)