ORDINANCE 8834,Rq3
ORDINANCE NO. 883
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 E1 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 E1 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 E1 Segundo Herald a newspaper of general
circulation, published and circulated in the City of El Segundo
and thenceforth and thereafter the same shall be in full force
and effect.
ADOPTED and APPROVED this 4th day of Novembei;1975
QA41�
Mayor of the City of El Segundo, California
ATTEST: Valerie A. Burrowes,
City C 1 er*
Deputy CitY^Clerk
(SEAL)
EXHIBIT A
AUr.:dD r0iT TO CONTRACT BEVI n, THE
BO:IR_D OF ADMINISTRATION
PUBLIC ELIPLOY -hES' RETIRE1,MT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF EL SEGTyD0
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board and the CITY COTEXIL of the CITY OF EL SEGUNDO, hereinafter
referred to as Public Agency, having entered into a contract under date of August
25, 1943, effective October 1, 1943, as amended effective November 1 1
1, 1949, July 1, 1970, November 1 1 ' 5% August
955, September 1, 1,58, March 9, 1959, November
77 19645 October 19, 19689 December 11, 1971, July 20, 1974, and July 19, 1975,
and as provided by Chapters 170 and 316, Statutes of 1971, which provide for
participation of Public Agency in said System, Board and Public Agency hereby
agree as follows:
A. Paragraph 1 shall be stricken from said contract and the following
Paragraph 1 shall be substituted therefor:
1. All words and terms used herein which are defined in the Public
Employees' Retirement Laa shall have the meaning as defined therein
unless otherwise specifically provided. "Normal retirement age"
shall mean age 60 for miscellaneous members, age 55 for local
firemen, and age 50 for local policemen.
B. Paragrapns 5 (a) and (b) shall be stricken from said contract and the
following Paragraph 5 (a) substituted therefor:
5.(a) The fraction of final compensation to be provided for each year
of credited prior and current service for local firemen : ,hall be
that provided in Section 21252.1 and for local policemen shall
be that provided in Section 21252.01 of the Government Code.
C. Paragraph 6 (b) shell be stricken from said contract and the following
Paragraph 6 (b) shall be substituted therefor:
6.(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:
Ret. Fora 702 -1
4,5
(1) 0.137 percent until June 30, 2001 on account of the liability
for prior service benefits.
(2) 20.762 percent on account of the liability for current service
benefits.
(3) 1.130 percent until Augast 31, 1978 for benefits provided
under Sections 21222.1 and 21222.2 of the Government Code.
D. This amendment shall be attached to said contract and shall become effec-
tive on the day of
Witness our hands this day of
BOARD OF ADIM- TISTRATION
TUBLIC EMPLOYEES' RETIREM T SYSTEM
BY
Carl J. Blechinger, Executive Officer
Approved as to Form:
BY
Lloyd C. Graybill, Administrative Adviser
CITY COUNCIL
OF THE
CITY OF EL SEGUNDO
r. �a
•.:
BY - , 4
Presiding Officer,
Attest:
S:
3,
C 1 �`
Ret. Form 702 -2
q645--A
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. 883 . . .
is a full, true and correct original of Ordinance No. ....883...... 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 EMPLOYEE'S 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 ....4th.. day of . NQ1ZQmbQr ....... ,
19.75 ....... , and that the same was so passed and adopted by the following vote:
AYES: Councilmen ...N499 L. RPP�bPld..StPPbSIriS.and .............
. ..Mayor . Balmer
................................
NOES: Councilmen , , None;... , .... ... .
ABSENT: Councilman, Van Vran�en„ .............................. .
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. 883..... 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: ... ie. !:Z:.77"�c ........
Valerie A. Burrowes
........... ...............................
City Clerk of the City of E1 Segundo, California
(SEAL)
Deputy