HomeMy WebLinkAboutORD 3310• •
O~DINANCE NO. 3310
ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO
AUTHORIZING AN AMENDMENT TO '!'HE CONTRACT BETWEEN THE
CITY OF PALO ALTO AND THE BOARD OF ADMINISTRATION OF
THE CALIFORNIA PUBLIC EMPLOYEES 1 RETIREMENT SYSTEM
The Council of the City v~ Palo Alto does ORDAIN as follows:
SECTION 1. An amendment to the contract between the City Council
of the C1ty of Palo Alto and the Board of Administration, California
Public Employees' Retirement System is hereby authorized. A copy of
said amendment is attached hereto as Bxhibit "A" and incorporated
he~ein by reference as though fully set forth.
SECTION 2. The Mayoc of the Council of the City of Palo Alto is
hereby author1zed, e~pow~red, and directed to execute said amendment
for and on behalf of City.
SECTION 3. The Council of the City of Palo Alto finds that this
is not a proJect under the California Environmental Quality AcL anrl,
therefore, no ~nvironmental impact assessment is necessary.
SECTION 4. Thid ordinance shall become effe0tive ~pan the com
mencement. of t.he thirty-first day after the day of its cdoption.
INTRODUCED: October 19, 1981
PASSED~ November 9, 1981
A YES: Bechtel, Eyerly, Fletcher, Henderson I r<lein I Renzel, ~'Vi therspoon
NOES: None
ABSTENTIONS: None
ABSENT: Fazzino, Levy
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A~lf~'il!l"r '1'() CON~Ar.'r BF.~'-W '!"lfF.
~ARn 0~ An~IWI~TRATTON
P1mLTC fflli'Y'P.P.S' Rm'IR~'l' ~S':'.~
ANn ""HE
CJ'l'T t0tl1'r-TL
01' 'mR
C f'T'Y OF PALO ALTO
Th~ ~o~rd of Ad~inietrAiion. P~blic P.~ployeee' Retire~~nt Syete~, he~in-
fl ft.P.r t'~fe1'red to M no"'. rod f l!lnd thA govern in, body or ~b¢VI'!! public Fli"f'lnrrt'
her~in~f'ter r•of~r~ti to IUl Public A,tt,ll:rtf>Y, hAvinF-entf.lred into A ~ontr,.('!t under
d~.t~ of ~Ar~h 9, FIA2, ~?fpctiv~ .JAn~f!ry 1, 1q42, "nd. AS RIJIAf•.dt>d Pfi"~etivP.
J11nuBry 1, 1q4R, AprU 1, 1q4q, Jt~~tr,)lil!"Y 1, 1q52, July~, 1qJ:iA, l"~b!'i.l.ll!r:T 1,
10'56, Nov~mber 1, 10fil1, SPptP:mbe'l" 2·~. 1Cl6rl, 0PMI!lber-14, 10'7(1, f!'!hrv,~r.r 1,
1q'~A,., .JulyR, i074, .1AnuF~ryiJ, 1Q75, April1, 1Cnr), t10pterntH=•y•11, 10'7"7, ,1'uly 1,
1 O'~q, fr.tr·i.iHT<Y 21, \ C\R1 .lind .Tuly 11, 1 "P.i, wl1i~h pt'ovior:>~ fo.,.. p;:.rticipr:-tion of
Public Ag~ncy in I!! Rid flyRiem, 'RO,I\rd n.nd Public Afl_enr-.y hfn•r>by J~Rr~A Cll.'. ·, •. · 't\~~:
A. Para~rrRphe 1 through 10 ON:' hP-r.P.by atrinkE'>n fr·om Mlirl I"!Ontrnr:t IH'' f'l'•"!CUtMi
e-ffActi ve .July 1! , ~ Ci81 ~ and her~ by re:o1Aceo by thfl follcwifl$;" pA~kraphe
nUJI'IOf'r~d ~ th,.ough 10 in~lusive:
1 • All wordl'! nnd tenM usen r.~rein which 1n·~ d~fin~d ir~ t11n Public
Em~J.oyees' 'Rotir-emflnt La~ ah"'U h1'1V'<'l the me::;ning ,.s rlf'lfineci th~'N'in
unlflea ot.h~·rwie~f' s:pt'l~i!iMlly p1'ovid~d. "l'fo!'lliRl r~Ure~~nt "-~" ~hAU
mAen e.~ 60 1o'f' locRl mis~ell,nl!'!oue Rnd R~ ~:){) for 1oM1 l'!l'lfety
lftfl;-ebere.
2. Puol:,, Agency e;h~ll pP..-rtir,i}l!'lt.~) in th~ Public F.tnployf''"H!-1 Rt:lti~ll!ent
~yete~ from ~nd Aft~~ Jen~Ary 1, 1q42 ~~king ita ewployeee ~e
h~rAin~ftAr provid~d, a~Mberft of e~id Ryet~ subjAot to ~11 prov~aior~
of \be Publi~ li}M-ployef.)e' ReUreaen t L;;tw e1aoept euch es sppl,. only on
election of ~ eontr~eting 8~ncy and 8r~ not provid~d for h~rein ~nn
to all ftaentlftnta to afllid ~" ht~reJ~tfter enac-t,ed .,X<H.~pt au<'h ae C,.
~xp~ea proviaio~a t~e~or Bpply only on the ~lection of contr8eting
a~noiea.
'II\. 8lrpl0)'1'9f'la of Pub lie A.ffeUCJt in tne follow in~ ~lssaee ah111ll bt-oo'IH!
~·~•~• or said Retirement Sy•tea exeept e~ch in Maoh auch cl~•• ae
are excluded b,r law or this a~fl~ent:
b. LooAl Po.li~~•~n (h~rein ~ferr~ to sa loo~l e~rety ae~be~);
e. !.-ployeee other than loc111l •afety ~te~~bera (herein referred to ~a
locRl ~aeell~neoue ~"~re).
I~ addition to the cleuee of nrplOJf!U ~rcl~d~ ~'r"Oil me~al:u~rehi p by
eaid 'ftet.i~aent Law, t~• ··'1l:'1n~ ol«ssea of U'ploy .. ea ah1.1ll DOt
b$'oOtN ••b4'1re or •1•' ,.tt\i ent Sy•t,liu
Pf!RROJf"! COMP!WSA1'!D ()1!1 ,AB ROt."RL! P'S!S ~nPID ON OR A'P'J'!R
!OVJ!Iml':R 1 , 1 <1~4 .
\ • •
d.. 'rM fr~ction of fiMl C-'MYH~neAtion to bf" ~H·ovided fol" AAnh Y"'H' of'
Cl"ftdited prior ~nd current aervice ~s A loc~l m18~~llen~oue .ember
sh~ll be d~t~rMined in ~c~ord~n~~ with ~ertion 212~1.1~ or eei~
RetirP.•~nt L~-(2( ~t s~ 60 Tull).
'5. 'l'h,. frActior1 of' fin"l r.OMJl!?ne" tion to bf! p:rovidect for Mch ye.11r of'
credited prior .11nd C!'Jl"r(lnt oe-r.v:l.ce ~s A loc~l ~"'fety lft~lllbe't" .ehRll b~
d~temined in Acnordtmc~;> with ~ection 212'52 .01 o.f e.r~id R ~tirement Ll".w
(2~ ~t ~~e ~0 ~ull).
6. 'rhP f~llowinR AdditionAl provisions of tl'w Publie F.Mpl.oytf'~~· RAtir~
~ent 1~w •nich spply only u~~n election of " contrRctin~ R?,enc? sh~ll
Apply to the Public Ap,tmr:y P-nd ite Pmplcye~a:
~. SActiofl.a .(1 ~80-21 ~R7 1 ( 1 q15q ~urvi vorl'! Pro~rnm), f'I!:Cl~;;:iint. flP.ction
21"'iA2.2 (Inrr~AsPd 10110 Aurvivors M-~~·fi.t~).
d. ~~c~ion 21222.6 (Sp~ci~l 1~~ in~rPRS~ far certain lon~l miecel
l!'l'fi"'Ous nteft!bet"e),
f. Re~tion '20024.2 (One-y~ar fiW~l co!llpensation), for local aAff'lty
seembe,..s only.
7. Publi~ A~ncy, in seeordAnc~ vitb Seo\ion 20740, Governaent Code,
oessed ~·O be an "e~~ployer" 1'01' pu:r.poeee of Cba3)hr 6 or the Public
~l¢1flee' Retire•ent Law eft~ot1Ye on Septe•~r 11, 1977. Ae~~
lated contributions ot Public Agency ~s of the aforeaentioned date
llh!'.ll bfl fi~ed !tnd d~tel"'lined "'' proVid~d in S~ction 20'759, (i()V~~!lt
Code, Md aeeuJNlllted oontribuiiono as ot t.he d'oreMnUoned date and
contribution• th~reaft~r -.d~ Bhftll ~ held bJ tha Board ftS provided
in Section 20759, Qoyernment Co~~.
a. With ra~riii!tOt. to aiscellf'tneoua an'bere, ihtt a«ftney •hall con
tributA the f!ll ~~0¥1nB -pere~nta~ee of mnthly sslari81J earn"'~ ae
aiseella~eoue Nftabere of said Reti~:a~t ~yeteas
(1) 0.21q p~rcent until J~ne ~o. 2000 on Bcoount oft~~
li~bilit1 for prior aervio~ b~nefit•~
(2) 12.~64 per~~nt on a~eount of th~ li~bility for cu~rent
•ervioe benefitfto
(~) 0.117 pt~~T"'ft\ .on RCC.>\Ant qr the 1iab111 ty for ihe 195q
~urvi YOr P1"0'-1'"•• .
b. With rfllepect to local •~tety ae•b~~. the ~gen~ shftll oontribut~
th~ followin~ ~ercenta~• ot aouthlJ ea~eriea e•rned a• loe~l
•8fety •••~~~ ~r said leti~ent SJet~:
' . \
• • •
( 1' 0.02'7 J>"rcent. u'O.til Junf' ~0, 2000 on f\cnount of thf'l
li~bility for prier e~~vic~ be~@fits.
(2) 2A.4R1 pA:rnent on fl(lcount of' thA liability for current
e~rvicA b~nefita.
c. A :re,.,~onA blfl Amount p~r fllmum, .s~e fi-,:Pd by ih(:! P.ol'l',ti to f'CJ·~e:r thP co~ta of ~dminiat.eri.ug ~Ai':l ~yetem ns it.. affects the empJ.oyPee of
Public A~~nf'Y. nnt in~l»dinR ihP ~o~t~ of speciAl vRlu~tione nr
of ~.he per:l..odie. invf't~ti.~tion l'l.nrl v~lu~tiona rflq:uirl'!d ey lRw.
d. A. rel-lsOnl'lblP nmount Ra fix~d by the 'Ro'-lrrl, p.-.ye.lHe in or~e ).nl!lt~ll
ment RA th~ ooc~sions arise, to cover thA coe~s of e~ecial v~lua
'i.lona on RCCO',mt of mnplcyefle of Public AgP~n.•~"Y' l'l:nti 1.1oote of' thfl
p""lriodic :lnveet.ip:.e~t'!.on and vRluAtions r~quirlld by ltnr.
0. Contributions requir~d of ru~lic ~~~n~ ~nN it~ ~~plcry~Pe ~h~ll ~P. aub:·~~t to ~djuflt.tMtnt by FoArd on "!\~count of' f\l'll~nd!ftf!nt~' to t.he Pu-l)lic Employfl!~::. • R~ti r~~~r1t L"-w, And on R~<'cunt of th~ "'XJlP.T'iencP. undf'IT the
Retirement ~ynt~m RS dP.teMII.inflil by thf'! p~ri<>din inveetir.~ tion ~nd
vsluflti~""l. rt'!quir"q~ t;y e.o:~id "RP.tiY'em!lini L,.w.
10. Contributions r(l!qu.irl!'ld of Public A.~t,f!ney ll.nd ite alftl)loy~uH• l!lhnll DP.
pnid bf Puolic AgE~nc;, : . .o:.: the 'Re i;il"f!Jlent Syl8t8'111 within "t.hirt:r dl'.JtS
after the end of the period to whinh e~id contributions ref8T' or as
U1 ~ pi'·fU,Cr.l bed 'by }',oa!"d I'(l!g\llAtiOno !f !IOT'o9 or l888 thAn the
eorrect amO\dlt of contttibutiorus :ill p4id f'or any period.. proper
adjuetment ebflll bs Made in conr,Mti.:>n with sueel!tqur::!-nt ~1 t.tt'nee•~ OT' 8d~\\etments on account of errore iu co-ntr.ibution• requiNd ot flJ.D.1
empla,ree .ay ~ made a, direet c~eh pa~nt~ betW9~n the ~lo,ree end
the 'EoRrd. Payaer.ttJ; bJ P\ablie A~ney to 'Bol!rd ae.:r be ude in the f'ora
of warrant•, hank ~~ce~•~ bAnk drette, oertified eh~oke, ~oney orders
or Ol!ll.llho
~. ThiH ~endment eh,ll be att8ch~d to eaid eontraoi snd ah~ll be
thfl ;:Z.If-J _ d"' or _ ';;.{)_te .e J?LP-t~
Wi tnttee. our hAnds the ___d._j A.tJ( ,, dsy of' ~14:':6.-eA
MARD 0? ADJmfiS'!'RA'f''tt'1~
PtmL!C MWT~' ltET'fft!MP.IT ~'TST~
Approved tul to to!'!'lt'
CI'!ff C~U'RC!L
01 '!'HE
CI~ OJ PALO ALTO
PIR~ COW-702
eff'Mii ve on
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