ORDINANCE 9551
ORDINANCE NO, 955
AN ORDINANCE OF THE CITY COUNCIL, of the
(Name of Governing Body)
CITY OF EL SEGUNDO aGthorizin9 an
(Name of Public Agency)
AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL
(Governing Body)
AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM,
The CITY COUNCIL of the CITY OF EL SEGUNDO
(Name of Governing Body) (Name of Public Agency)
does ordain as follows:
SECTION 1, That an amendment to the Contract between the CITY OOTINCTT.
(Name of
of the _ CITY OF EL SEGUNDO and the Board of
Governing Body) (Name of Public Agency)
Administration, California Public Employees' Retirement System is hereby authorized,
a copy of said amendment being attached hereto, marked "Exhibit A ", and by such refer-
ence made a part hereof as though herein set out in full.
SECTION 2, The MAYOR of the
(Title of Presiding Officer)
CITY OF EL SEGUNDO is hereby authorized, empowered, and directed to
(Name of Governing Body)
execute said amendment for and on behalf of said Agency.
SECTION j, This Ordinance shall take effect 30 days after the date of its
adoption, and prior to the expiration of 15 days from the passage thereof shall be
published at least once in the EL SEGUNDO HERALD
(Name of Newspaper)
a newspaper of general circulation, published and circulated in the (1.TTY OF
(Name of
EL SEGUNDO and thenceforth and thereafter the same
Public Agency)
shall be in full force and effect.
Adopted and approved this
Clerk
SEAL)
PERS- C014-11 (Amendment) (,/18)
2nd
day of May , 19ZQ.
(Presiding Offire r)
Mayor of the City of E1 Segundo,
California
r
51, ✓+j
AMENDMENT TO CONTRACT BETWEEN THE �AIIBIT "A" BOARD OF AD14INISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEi
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 date of August 25, 1943, effective Octboer 1, 1943 and as amended
effective November 1, 1947, Augustl, 1949, July 1, 1950, November 1., 1955,
September 1, 1958, March 9, 1959, November 7, 1964, October 19, 1968, December
11, 1971, July 20, 1974, July 19, 1975, January 3, 1976 and July 16, 1977,
which provides for participation of Public Agency in said System, Board and
Public Agency hereby agree as follows:
A. Paragraphs I shall be stricken from said contract and the following
Paragraph shall be substituted therefor:
1. All words and terms used herein which are defined in the Public
Employees' Retirement Law shall have the meaning as defined therein
unless otherwise specifically provided. "Normal retirement age"
shall mean age 60 for miscellaneous members and age 50 for local
safety members.
B. Paragraph 5(a) 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 as a safety member shall
be determined in accordance with Section 21252.01 of said
Retirement Law (22 at age 50).
C. Paragraph 6(b) shall be stricken from said contract and the following
Paragraph 6(b) shall be substituted therefor:
6(b) With respect to local safety members, the agency shall
contribute the following percentages of monthly salaries
earned as local safety members of said Retirement System:
(1) 0.111 percent until June 30, 2001 on account of the
liability for prior service benefits.
(2) 27.219 percent on account of the liability for current
service benefits.
(3) 1.130 percent until August 31, 1978 on account of the
liability for the benefits provided under Section
21222.1 and /or 21222.2 of said Retirement Law.
CON -702 -1
B, This amendment_ shall be attached to said contract and shall be effective on
the _ 3rd day of June , i9 78
Witness our hands this
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
day of
CITY COUNCIL
OF THE
CITY OF EL SEGUNDO
81
1918
BY BY
Carl T Blechinger, Fxecotive Offir_er R�, Presiding Officer Mayor
Approved as to form: ~�
AL.t`es9:,\
Legal Office, PBRS City Clerk
�s5 (SEAL)
.. J
CON -702 -2
s
STATE OF CALIFORNIA, )
COUNTY OF LOS ANGELES, )
CITY OF EL SEGUNDO,
Valerie A. Burrower
......................... 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. .95,5,...... ,
is a full, true and correct original of Ordinance No, of the said City of El
Segundo, California, entitled:
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO AUTHORIZING AN AMEND-
MENT 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. .40 .... day of...., m9y........ , 19.7D ,. ,
and that the some was so passed and adopted by the following vote:
AYES: Councilmen. Beruon,, Bue,, Nagel,,Van,Vranken ....... .....
and Mayor. Balmer,,,o,,,e ............................
NOES: Councilmen.. None ............... <,..........,,..........,......
ABSENT: 944r)4i med1.. Ngr1q ............... ...............................
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.... 955„
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 the said City and that the some was so pub-
lished therein on the following date, to wit:...,,..`p7 . ...............................
City Clerk of the City of El Segundo, California.
(SEAL)
By....... .........................
Deputy