CC RESOLUTION 2652I J_
RESOLUTION NO.
65 2'_
RESOLUTION OF INTENTION TO APPROVE AN
AMENDYXNT TO CONTRACT BETWEEN THE
BM RD OF ADMINISTRATION OF THE
PUBLIC EMPLOyEEsf RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF EL SEGUNDO
WJ11EREASj
the Public Employees' I Retirement Law permits the participation of pub..
lic 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 resol►-
tion giving notice Of its intention
to approve an amendment to said
contract, which resolution shall contain a summary of the changes
pro-
posed in said contract; and
WHEREAS,
the purpose of the proposed amendment is to change the benefits,
retirement age and contributions for local policemen from those pro-
vided under and with respect to Section 21252.1 to those provided
under and with respect to Section, 21252,01 of the Government Code.
WHEREAS,
attached is a summary of the major provisions of the plan as proposed
to be amended.
NCW, THEREFORE, BE IT RESOLVED, that the CITY COUNCIL of the CITY OF EL SEGMTP-0
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 provisions of the proposed
changes being attached hereto, marked Exhibits "All and "B" and by this
reference made a part hereof.
ATTE ST:
(S E (TY C ler
k
September M,
1975
(Date adopted and approved_)
CITY COUNCIL
OF THE
CITY OF EL SEGUNDO
BY
Oame7
Mayor Pro TtMRore
Mitl�e3
Ret. Form 122
C
EXHIBITS A & B
EX21IBIT A
AbENDIZUT TO CONTRACT BEBTIE.EN TIM
BOARD OF ADMINISTR.4.TI0N
:PUDLIC EtEPZOT ' ES i RE JI.IREDMLLV T SYSTEM
AND TciE
CITY COUNCIL �...
OF
CITY OF ED SEGUNDO
r'
Yom,.
The Board of Administration, Public Employeest Retirement System, e
referred to as Board and the CITY COUNCIL of the CI he�inafter
referred to as Public � CITY OF ED SEG�v=DQ hereinafter
r
ez
e na,
�, ncy, having en August
25s x.943, effective October 1 1 g feted into a contract under date of August
? 9�3, as emended effective November 11 19471 August
12 1949, duly 1, 195(?, November 1, 1955, September 1 1
71 964, October 19, 1968? December 11, 19? � July 20 19 ?4 March 9, 19592 November
and as provided by Chapters 170 and 316, Statutes of 1 and duly de or
Participation of Public Agency in said System, Board a�dl, which provide for li
agree as foll.ovtrsa Public Agency hereby.
A. Paragraph
1 S
c�'
.. Iia11 b I''II
e stricken from said contract and the following
paragraph 1 shall be substituted : therefor
J., a
1. All words and terms used herein which are defined
.Employees r Retirement Law shall have the meann as in defined Public
unless atherwise specifically "Normal sraecl therein
shall mean age 60 for miscellan.eousdmembersoal retire��;en,t a;gerY
lriremen, and age 50 for local Policemen-
B_ age 55 for local,
Paragraphs 5.(a) and (b) shall be stricken, from
said contract and
follo 'vrin,� Paragraph 5 (a) substituted therefore -the
5,.(a) The fraction, of final compensation
of credited prior and current service foplo local faze each year
r°
that provided in Section 21252.1 and for local p 1icemensshal be
be that provided in Section 21252.01 of the Govenursent Code.
C. Paragraph 6 (b) shall be stricken from said cone
Paragraph 6 (b) shall be .substituted therefore tact and the following
6.(b) With respect to local safety ember
contribute the following y s, the public agency shall
�, percentages of monthly salaries earned
as local safety members of said System.:
Ret. Form 702- -1
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SE GUNDO }
I, VALERIE A. BURROWES 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. 2652_
� g g
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 16th day of September 197 5
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Na el� Rockhold, Stephens,
Van Vranken
NOES: Councilmen
A13SENT: Councilmen Mayor Balmer __ __�y.
WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID
CITY this 22nd day of
(SEAL)
September
T
1975
City Clerk
of the City of E1 Segundo, California