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CC RESOLUTION 3109RESOLUTION NO. 3109 • RESOLUTION OF INTENTiOIT 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 kFEREAS, 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 them- selves and their employees to amendments to said La-w; and IMEREAS, one of the steps in the procedure to amend this contract is the adoption by the legislative body of the public agency of a resolu- tion giving notice of its intention to approve an amend_ent to said contract, which resolution shall contain a summary of the change proposed in said contract; and WHEREAS, the following is a statement of the proposed change: To provide Section 20024.2 (One -year final compensation) and Section 20461.6 (Reduction o" benefits for future employees), applied to Section 21252.1 (2h @ 50), both for local _police members OKI- tTOW, THEREFORE, BE IT RESOLVED, that the governing body of gives, and it does hereby give notice of interz;wor. _ae .e.:. amendment to the contract between the said g0vernin_ :od;p ar.d the Board of Administration of the Public Emplore,�=' :.e':;ir ?';:exit Sy,:tem, a copy of said amendment being attached hereto, as `r "Ex_ ^ibit" and by this reference made a part hereof. CITY COUNCIL of th- CITY OF EL SEGMDO j BY_`_Le (NAME; R. K. Van Vranken ATTEST ° Mayor TITLE City Clerk (SEAL) ..Pgcram 'ha,- 1,_19 Date adopted and approved Pet. For,.n 122 Ll t • M J AMENDMENT TO CONTRACT BETIA7EEN THE BOARD OF ADSINISTRATION PUBLIC EMPLOYEES' RETIREYENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF EL SEGUNDO The Board of Administration, Public Employees' Retirement System, herein- after referred to as Board, and the governing body of above public agency, hereinafter referred to as Public Agency, having entered into a contract under dats of August 25, 1943, effective October It 1943, and as ended effective November 1, 1947, August 1, 1949, July 1, 1950, November 1 955, September 1, 195$, March 91 1959, November 7, 1964, October 19, 1968, jcember 11, 1971, July 20, 1974, July 19, 1975, January 3, 1976, July 16,< 7 and June 3, 19769 -which provides for participation of Public Agency in s System, Board and Public Agency hereby agree as follows:' A. ,Paragraphs 1 through 8 are hereby strieken fromaid contract as executed effective July 19, 1975, and hereby replaced the following paragraphs numbered 1 through 11 inclusive: CIS 1. All words and terms used herein which ,�_'re defined in the Public Employees' Retirement Law shall hav�he meaning as defined therein unless otherwise specifically proved. 'Nor, -sl retirement age" shall mean age 60 for local miscellaneo.W and age 50 for local safety members hired prior to the effeve date of this contract a:�endment and age 55 for local police mers hired on or after the effective date of this contract amendment: 2. Public Agency shall participate in the Public Y,` Ic7ses' Retirement System from and after October 1, 1943 makin its e =' -^ -tires as g hereinafter provided, members of said System cw x -ct to al,-11 provisions of the Public Employees° Retirement Lai? except su= z apply Csnly on election of a contracting agency and are not p ____ : "or harem and to all amendments to said Law hereafter ena^te.?.c =.t such rS express provisions thereof apply only on the sle tfca of contracting agencies. 3. %ployees of Public Agency in the following cla ees shall become members of said Retirement System except such in eaah-such class as are excluded by law or this agreement: a. Local Firemen (herein referred to as local safety members) b. Local Policemen (herein referred to as local safety members); c. Employees other than local safety members (herein referrer: -to as local miscellaneous members). 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: NO ADDITIONAL EXCLUSIONS M 7 4. Effective August 1, 1974 and prior to January 1, 1975, those members who were hired by Public Agency on a temporary and /or seasonal basis ' not to exceed 6 months were excluded from PLRS membership by contract. Government Code Section 20336 supersedes this contract provision by providing that any such temporary and /or seasonal employees are excluded from PERS membership subsequent to January 1, 1975. 1 "x -, 81 J laneous members for each year of credited prior and current service shall be that provided in Section 21251.13 subject to the reduction 4. Effective August 1, 1974 and prior to January 1, 1975, those members who were hired by Public Agency on a temporary and /or seasonal basis ' not to exceed 6 months were excluded from PLRS membership by contract. Government Code Section 20336 supersedes this contract provision by providing that any such temporary and /or seasonal employees are excluded from PERS membership subsequent to January 1, 1975. 1 "x -, 81 I 5. The fraction of final compensation to be provided for local-miscel- laneous members for each year of credited prior and current service shall be that provided in Section 21251.13 subject to the reduction provided therein for service on and after January 1, 1956 of members whose service has been included in Federal Social Security.% •6. The fraction of final compensation to be provided for eac ear of credited prior and current service as a local safety me r shall be determined in accordance with Section 21252.01 of said,�irement Law (2% at age 50 Full), for those local safety members hi , d prior to the effective date of this contract amendment. each year of . The fraction of final compensation to be provided A:.;Zr- credited prior and current service as a local safer member shall be determined in accordance with Section 21252.6 of(N3 id Retirement Law (2% at age 55 Full), for those local police meT*P;s hired on or after the effective date of this contract amendment. B. The following additional provisions of the .Lie Employees' Retire- ment Law which apply only upon election of4'contracting agency shall apply to the Public Agency and its employA`�: a. Section 20952.5 (Age 50 voluntary retirement) i0r local safety members only. b. Sections 21263/21263.1 (Post - retirement s=_' vor allowance), for local safety members only. C. Sections 21380 - 21387, (1959 Survivors Program 1, excluding Section 21382.2 (Increased 1959 Survivors benefits`'. d. Section 21222.1 (Special 5% increase - 1970). e. Section 21222.2 (Special 5% increase - 1971). f. Section 20930.3 (Military service credit) as defined in Chapter 830, Statutes of 1976=, for local fire members only. g. Section 20024.2 (One -year final compensation), for local police members only. h. Section 20461.6 (Reduction of benefits fer future employees), applied to Section 21252.1 (2% @ 54), for local police members only. • I j 9• • Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the agency shall con- tribute the following percentages of monthly salaries earned as miscellaneous members of said Retirement System: (1) 0.031 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 12.403 percent on account of the liability for current service benefits. (3) 0.006 percent on account of the liability for the 1959 Survivor Program. b. With respect to local safety members, the agency shall contribute the following percentages of monthly salariestaearned as local safety members of said Retirement System: �Z (1) 0.122 percent until June 30, 2001 onsV ount of the liability for prior service benefit* f ,• (2) 31.322 percent on account of the4kability for current service benefits. C. A reasonable amount per annum, as wed by the Board to cover the costs of administering said Syste��s it affects the employees of Public Agency, not including the�osts of special valuations or of the periodic investigation di YaluatL required by law. d. A reasonable amount as fixeA43 if the Board, dyable in one i stall - ment as the occasions aris to cover the ::csls of special valua- tions on account of emplo s of Public Agency:, - -J costs of the periodic investigation and valuations required ^y "law* 10. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amen: ^ =n•s to the Public Employees' Retirement haw, and on account of the e_>arience under the Retirement System as determined by the periodic -vestigatien and valuation required by said Retirement haw. 11. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System =.Rhin thirty days after the end of the period to which said contriirztions refer or as may be prescribed by Board regulation. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be made i'n connection with subsequent remittances, or adjustments 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 19 Witness our hands the day of 19—., BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC- EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF EL SEGUNDO 4 BY BY Carl J. Blechinger, Executive Officer Presiding Office Approved as to form: Attest: 1111V /9/ C thia G. Beksem r. Legal Office, Date Clerk PERS -02 I* STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) 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. 3109 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 1st day of December '19 81 and that the same was so passed and adopted by the following vote: AYES: Councilmen Armstrong. Bue. Johnson Siadek. and Mayor Van Vranken NOES: Councilmen None ABSENT: Councilmen None WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY this 1st day of December 1981 City Clerk of the City of El Segundo, • California { SEA L) r.