The URL can be used to link to this page

Home My WebLink AboutORD 3456ORDIN.l\NCE NO. 3456 O.RDINANCE OF 'I'HE COUNCIL OF rrHE--C IT Y' OF PALO AT./1'0 AUTHORIZING AN AMENDMENT TO THE CONTRACT BETW~EN THE CITY OF PALO AL'rO AND THE BOARD Or ADMINISTRATION OF THE CALifORNIA PUBLIC EMF .LOYEES 1 fi.£Tl REME:NT SYSTEM The Council of the City of Palo Alto does ORD~IN as follows: SECTION 1. An amendment to the contract between the City Council of t!w-Cityof Palo Alto and the Board of Administration, Califor.nia Public Employees' I<etb:ement System is hereby authorized. A copy of said amendment is attached het e to as Exhibit nAn and i ncor por a ted herein by reference as though fully set fotth. SEC'l'ION 2. 1'he Mayor of. the C i. ty of Palo 1\1 to .i.s hereby autho- rized-,--empower:ed, and directed to execute said amendment. for-and un behalf of City. SECTION 3. The Counci.l finds that this is not a project under the Cal.lfor:nia· Env.ll.'.onmental Quality Act and,. tl1<2ref.ore, no <?nvironmentaJ. impact assesfment is necessary. SECTION 4. This ordinance shall become effective upl)n lhe com- mencementofthe thirty-fir:st day after the day of its adoption . INTRODUCED: • .1 u l y 1 8 ' 1 9 8 3 P .A.S S E 0 : Au g u s c 1 5 ~ 1 9 8 3 AYES: Bechtel, Cobb, Eyerly, Falzino, Fletcher, Klein~ Levy, Renzt!1 NOES: None ABSTENTIONS: None ABSEN'r: ~Ji therspoon AT~E T: Lf -~~~~-------c y c ' APPROVED: M,PROVED AS TO FORM: f/) ' --..,. ~...._/} r::Z1k:.&:21 .i....c:' dLJ-· ·~ -.-; City Attorney . ... . ~ . -. . . -·. . -. ·. . ~ ~ . . • PlEAs~ .'>o AMEN!.'~~rr '('(' ::vN:'RAcT No,r .~fGN 98'!'\c"EE:-1 ":'HE: BOA ... ~D 0F ADM:N1::i'!'RA'::'.~,)N OF 'fHE PUBLIC El'!..'PLOtF.Es' RB'1' [REi'!ENT sxsn::~ AND ~HB CI'I'Y C0lH1(;IL OF 'l'HP. CITt ~F PALO ALTO The Board of Administration, Public f,;mployees' .Retirel\ient 3ysta:r., here:.:-. after referred to aa Board, and the governing body of above public agency, hereinafter referred to as Public Agency, having entered into a contract effec tive January 1s ~942, and \\'itnessed March 9, 1942, .sr.d. as s.::wu·:l<:!d e:':"ect:·,e January 1, 1948, April 1, 1949, January 1, 1952, July ~, 19?,~, Pebn<e>ry 1, 1956, November 1, 1964, September 23 1 1968, December 14, 19'/0, Pebruery 1, 19'74, ,!uly 8, 1974, Jaouax-y 5, 1975t Apr:U 1, 1975, Seplemb~\r 11, 1';r:·?, Jul~·' ·19''9, Feb:ru.ary 21, 1981 1 July 11, 1981t December 12, 1981, and ,luna 12, 1952, ~hich provides for p~rticipation of Public Agency iu said Syste=, BoRrd end Public Agency her:>eby s.gree as follows~ A. Pars.grapha 1 through 10 are hereby etricken f'roJt aaid contract ss executd effective June 12, 1982, and hereby rep1.aced by the follo'liiug p!Xragrs.phs numbered 1 through 11 i.nclusl.ve: 2. All words and tems u~ed herein \fbich ar0 defin~d in the Public I:mp:oy ees' Retirement Law shall have the meaniug as defined therein unless otherwise specifically provided.. "Nornal reti.reiZlet~.t age" shall mesr1 ~ge 60 for local miscellaneous and age 50 for local s~feti ~ezb~rs. Public Agency shall participate io the Public Employeea' R~tire~eot System fro\11 and after January 1, 1942 making its employees as h~rein after provided, members of said Syste~ subject to all provisions of the Public Employe-es • Retirement Lav e::cept suc:1 as apply only on election of a. contracting agency and are not provided for herei.n and to all amendments to said La~ hereafter en8cted except such ~s by express proviaions thereof apply only on the electioo of contracting agencies. 3. Ealployees of Public Agency in the following classes shall ~ecome mem .. bera of said Retirement Syste~ except such in each 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 a3 local safety ~~.embers); I I \ l r I ; -. • r. Employe~s oth~r than lo~·"l~ ~.1af~-.~v 11l•'";t"•r.~ i,h<'r'••in ,.,.;, ....... ,\ :,· local miscellaneous memb~ra'. In addition to the cl~sses of employees excluded from ~embership ty said Retirement La~, the follo~ing classes of employe~s shall no~ becom~ members of said Retirement Sy~tem: a. PERSONS COMPENSATED ON AN HOURLY BASIS ~IRED ON OR AFTE? NOV~MBER 11, 1964. ;. The fraction of final compensation to be provided for each year of credited prior and current ~ervice as a local mi~cellaneous me~ter shall be determined in Rccordance w.i th. Section 21251 .1·5 of said Retirement Law ( 2% .\l ~ ac(;· 60 Full). . 6. The fraction of final compell$ation to be provided for each year of credited prior and current service as a local safety member aha:l be determined in accordan.cf: with Secti.on 21 ?52 .01 of ~aid Reti rer.t:en t L<n• (2% ut 8ge 50 Full). 7. ·:rhe foJ loving additional prov:unons of the Public Em.ploye!?.f.l' Ret:i re roel_t Law which apply only upon election of a contracting agency sha:: apply to the Public Agency and its employees: s. a. Sections 21380-21387 (1959 Survivor2 Program) excluding Section 21382.2 (Increa~ed 1959 Survivors benefits). b. Section 21222.1 (Special 5% increase -1910). c. Section 21222.2 (Special 5% increase-1971). d. Section 21222.6 (Spdcial 15% increase for local miscellaneous meillb.:!rs as defined p1usu.an t to Gover'tllll.ent Code Section. 21222.6). e. Section 21222.85 (Special 3%-15i increase to pr&-1-1-74 retirees). f. Section 20024.2 (One-year final compensation). g. Section 21222.4 (Special 15% increas€ for locat safety me~bers). Public Agencyp in accordance vith Section 20740, Gover~ent Code, ceas ~d to be an ffemployer" for purposes of Chapter 6 of the Public Employ ees' Retirement Law ef~ective on Septe~ber 11, 1977. Accum~lated con tributions of Public Agency as of the aforementioned date shall be fixed and determined ns -pY'ovided in Sect·lon 20't59, Goverruaent. Code, and accumulated contributionu as of the aforementioned date and contribu tions thereafter msde shall be held by the Board ae provided in S£ction 20759, Government Code. • ·. ··- . .. • Pl£A$E 00 NOT SIGN ""!BIT ONLY" 9. Pub:.ic A!ency shall contribute to S~iid Retiro:.aent 3yste:n as fc:hws: a. ~ith reepeat to misc8llaneouo memberst the Agency shal! cou~r~ bute. the following percentages of monthly salaries e&rnej as rnt~ cellaneous memb~rs of said Retirement System: (1). 0.183 percent until June 30, 2000 on account of th::: liability for prior service benefits. (2) 14.433 percent until ,Tune 30,.2000 on aecount of the lh.bility for current stervic~: benefits. b. With reepect to local safety ~embersl the agency shall contribute the followiog percentages of monthly salaries earned as local aaf~ty members of said Retir~ment System: c. d. (1) 0.034 percept until June 30, 2000 on account of the liability for prior ~ervice benefits. (2) 29.878 percent until June 30f 2000 on account of the li~llili ty for current service bene-fits • • • ~;· • > ·, 'll'.\• • . • A m-soNi.~le amount, e.~ fixed by tho Board, payable iu one ).netal at~u:t }ti tbi:u 60 days of date of con.tract t() cow·er the costs of l!d min:f~tllil't:!n,s s.zid System as it li.ffects the employees of Public Ag encJ~ net including the costs of 8pecial valuations or of the per iodic investigation and valuations r~quired by law. ~/.' .. A reMs.otui"ble uount a,s fixed b7 the Board, payable in one insta:i. laen't .. toa U~e occasions arise, to cover the costs oJ special valua~ tiona,,on account of employees of Public Agency 1 and costs of the periodic inves tiga tioo. and va.lu_tll_tiona reqiJ.i red by .ls.w. ' . ·"':' 10. Contributione req'l.lired of Public Agency and its employees shall be f!ub jsct to ~djuetaent by Bo&rd on·account or amendments to the Public ~l ployees' R4ttirement Law, and on account of the e,xperience under tiv~ Re tir~ment·S7•t .. aa determined by the periodic investig~tion and valuR tion req~ired by said Retirement Law. 11. ' ' t Contributions required of' Public Agency ar:.d .its e1nployees shall be paid "by Publlc A3ency to the Rc tirement System within thirty d.sys af ter the,~IS4:i:Of the period to which said contributions refer cr as may be presci"ibftd by Boar•a. regulation. !f more or leas t;ttan the correct e.muunt .. of.~contributions is paid f.or any period, proper adjustlllent shall be ~ade in connuctiou with subsequent remittances, or adjust Dletlh on &CCi.)unt of El,rrcrs in contributior.e required uf any employee • • llftJ' be a11de ·b;y . .Hrdct cash pii,Yill::lt:J 'hetw•~'t:.'u ~.lh' .~mpldyt,• ~1!\,! t~,, toard. ~'ata~nu b7 Public Astncy to Board mt.~y bco IliAd~~ in thl) forn; ~'r n.rranh, knk checke, knk dr.afts, certifi~d checks, money ord~rs or ca~th." !. This a~~e:nd11ent ehall be attached to said Gontre.ct and shall he effecti.v~ on the ~a,y of___ _ ___ , 19_ if). tness our hand• the ---···-· da1 of -----·---' 19_ JOARD OF AD'Ii!INIST.f!.A'T.'IOM CITY COUNCIL PUBL! C Etu>LOYEES' RETIREMENT SYSTEM 0~' TH~ !Y __ ~-------·--~------CARL J. BLECHINGER, EXECUTIV.E OFFICER ' ' ..... • CITY OF PALO ,U.TO A ttet~t: PEES CON-702