ORDINANCE 872L; S - 4
ORDINANCE NO. 872
AN ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF EL SEGUNDO AUTHORIZING
AN AMENDMENT TO THE CONTRACT BETWEEN
THE CITY COUNCIL AND THE BOARD OF
ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOYEES'RETIREMENT SYSTEM
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, DOES ORDAIN AS FOLLOWS:
SECTION 1. That an amendment to the Contract
between the City Council of the City of El Segundo 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 herein set out
in full.
SECTION 2. The Mayor of the City of El Segundo is
hereby authorized, empowered, and directed to execute said
amendment for and on behalf of said Agency.
SECTION 3. This Ordinance shall take effect thirty
days after the date of its adoption, and prior to the expiration
of fifteen days from the passage thereof shall be published at
least once in the El Segundo Herald a newspaper of general
circulation, published and circulated in the City of E1 Segundo
and thenceforth and thereafter the same shall be in full
force and effect.
ADOPTED and APPROVED this Ord day of .Tune ,1975
Mayor of the City of 21 Segundo, California
ATTEST:
City Clerk
(SEAL)
4 r�
EXHIBIT A
AMENDMENT TO CONTRACT BET4V"EEN THE
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT Sl'STHIM
AND THE
CITY COUNCIL
01' THE
CITY OF M SEMIDO
The Board of Administration, Public Employees' Retirement System;, hereinafter
referred to as Board and the CITY COUNCIL of the CITY OF ..�I' , SEGMM09 hereinafter
referred to as Public Agency, having entered into a contract under date of Auguat
25, 19439 effective October 1, 1943, as amended effective November 1, 1947, Auju st 1,
1949, July 1, 1950, November 1, 1955, September 1, 1958, March 9, 1959, November ';,
1964, October 19, 1963, December 11, 1971, and July 20, 1974, and as provided by
Chapters 170 and 316, Statutes of 19719 which provide for participation of Publ c
Agency in said System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 8 are hereby stricken from said contract as executed
effective October 1, 1943, and are hereby replaced by the following para-
graphs numbered 1 through 8 inclusive:
1. All words and terms used herein which are defined in the Pu-1 is
Employees' Retirement Law shall have the weaning as def:m d therei -1
unless otherwise specifically provided. "Normal retirement age"
shall mean age 60 for miscellaneous members and age 55 for lo(:aal
safety members.
2. Public Agency shall participate in the Public Employees' Re tirerflLat
System from and after October 1, 1943, making its employees as here-
inafter provided, members of said System subject to all provisions Of
the Public Employeest Retirement Law except such as apply only on
election of a contracting agency and are not provided for herein anal
to all amendments to said Law hereafter enacted except such as by
express provision thereof apply only on the election of contracting
agencies.
3. Employees of Public Agency in the following classes and groups shall
become members of said Retirement System except such in each cuc:h
class and group as are excluded by lair or this agreement:
a. Local firemen (herein referred to as local safety members;;
b. Local policemen (herein referred to as local safety riembers);
c. Employees other thian local safety members (herein referrcc to
as miscellaneous members).
In addition to the employees excluuded from members!LiT) by said I: ; :!
ment Lacy, the following employees shall not become members of ti,01
Retirement System:
NO ADDITIONLL EXCIZSIO S
"et. For= 702 - -1
1 tic
4. The fraction of final compensation to be provided for miscellaneous
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 for members whose
service has been included in the federal system.
5. The following provisions of the Public Employees' Retirement law
which apply only upon election of a contracting agency shall apply
to the Public Agency and its employees:
a. The fraction of final compensation to be provided for each year
of credited prior and current service as a local safety member
shall be that provided in Section 21252.1 of the Retirement law.
b. Section 20952.5 (providing for age 50 as the minimum voluntary
retirement age for local safety members with benefit payments
commencing prior to age 55 subject to actuarial discount).
c. Section 21263 and 21263.1 (providing upon death of a local. safety
member who has retired for service or disability for the continu-
ation of a post - retirement survivor allowance to certain survivors).
d. Section 21380 -7 (providing for allowances for survivors of mem-
bers covered under the 1959 Survivor program).
e. Section 21222.1 (providing for increases in allowances to which
the annual cost -of- living provisions apply, payable for time com-
mencing on the first day of the calendar month coinciding with
or next following the effective date of this amendment to or on
account of persons retired or members deceased on or prior_ to
December 31, 1970).
f. Section 21222.2 (providing for increases in allowances to which
the annual cost-of-living provisions apply, 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 persons retired or members deceased on or after
January 1, 1971 but prior to Jul? 1, 1971).
6. Public Agency shall contribute to said Retirement System as follows:
a. With respect to miscellaneous members, the agency shall ecr.tr.b -ate
the following percentage: of monthly salaries earned as m sce?. -.
laneous members of said System:
Ret. Ford 702 -2
-2-
(1) 0.35 percent until June 30, 1980 on account of the liability
for prior service benefits.
(2) 7.18 percent on account of the liability for current service
benefits.
(3) 0.06 percent on account of the liability under the 1959
Survivors program.
(4) 0.47 percent for three (3)years from the effective date of
this amendment to provide the benefits under Section 21222.1
and 21222.2 of the Government Code.
b. With respect to local safety members, the public agency shall
contribute the following percentages of monthly salaries earned
as local safety members of said System:
(1) 0.133 percent until June 30, 2001 on account of the liability
for prior service benefits.
(2) 15.494 percent on account of the liability for current service
benefits.
(3) 0.084 percent on account of the liability under the 1959
Survivors program.
(4) 1.13 percent for three (3) years from the effective date of
this amendment to provide the benefits under Section 21222.1
and 21222.2 of the Government Code.
c. A reasonable account per annum, as fined by Board 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
periodical investigation and valuation required by law.
d. A reasonable amount as fixed by tiie Board, payable in one install-
ment as the occasions arise, to cover costs of special valuations
on account of employees of Public Agency, and costs of the period-
ical investigation and valuation required by law.
7. Contributions required of Public Agency and its employees shall be
subject to adjustment by Board on account of amendments to the Public
Employees' Retirement System, as determnined by the periodical :in7resti-
gation. and valuation required by said Retirement Law.
net. Form 702 —
IBM
8. 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. If
more or less than the correct amount of contribution is paid for any
period, proper adjustment shall be made in connection with subsequent
remittances, or adjustments on account of errors in payments between
the employee and 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 become effec-
tive on the day of
Witness our hands this day of
BOLP0 OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
Carl J. Blechinger, Executive Officer
Approved as to Form:
BY
Lloyd C. Graybill, Administrative Adviser
CITY COUNCIL
OF THE
CITY OF EL SEGU DO
BY
Presiding Officer
Attest:
Glerk
EXHIBIT ONLY
Ret, Form 1402-4
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 ordinance, being Ordinance No. . 8 2. .
is a full, true and correct original of Ordinance No. 872........ of the said City of
E1 Segundo, California, entitled:
AN ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF EL SEGUNDO AUTHORIZING
AN AMENDMENT TO THE CONTRACT BETWEEN
THE CITY COUNCIL AND THE BOARD OF
ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOYEES' RETIREMENT SYSTEM.,
which 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 . 3rd.... day of ...June . , , , , . . , ,
19...75 ...... and that the same was so passed and adopted by the following vote:
AYES: Councilmen , Nagel,, Rockhold, .Stephens. Van Vranken
... . ...... . .. . . ..
and Mayor Balmer,. .. ........... ...
NOES: Councilmen , ,None ................... . .............. .
ABSENT: Councilmen ... None . . . . .......................... ....... .
.......... .
I do hereby further certify that pursuant to the provisions of Section 36933
of the Government Code of the State of California, that the foregoing Ordinance
No. . A7% ... was duly and regularly published according to law and the order of
the City Council of said City in the El Segundo Herald, a weekly newspaper of
general circulation, printed, published and circulated within said City and that the
same was so published therein on the following date, to wit: .. 6 -..11-..7 . ........ .
........... ...............................
City Clerk of the City of E1 Segundo, California
(SEAL)
By........................ ............
Deputy