HomeMy WebLinkAboutRESO 6015• • ORIGINAL
RESOLUTiuN NO. 6~ 5
RESOLUTION OF THE COUNCIL OF THETY OF PALO ALTO
OF INTENTION TO &>PROVE AN AMENDfio'ENT TO CONTRACT
BETWEEN THE BOARD OF ADMINISTRATION OF TOE PUBLIC
EMPLO:a."!ES' RETIREMENT SYSTEM AND THE CITY OF PALO
ALTO
WHEREAS, the Public Employees' Retirement Law permits the partici-
pation of public agencies and their employees in the Public Employees'
Retirement System by the execution of a contract, and sets forth the
procedure by which said public agencies may elect to subject themselves
and their employees to amendments to said Law1 and
WHEREAS, one of the steps in the procedure to amend this contract
is the adoption by the legislative body of the publ tc agency of a
resolution giving notice of its intention to approve an amendment to
said contract, which resolution shall contain a summary of the change
proposed in said contract1 and
WHEREAS, the following is a statement of the proposed change~
To provide Section 21222.4 (One-time 15t increaae
for public safety employees who retired prior to
January 5, 1975.
NOW, TaEREFORE, the Council of the City of Palo Alto does RESOLVE
as follows:
SECTION 1. The City Council of the City of Palo Al~o hereby gives
notice of its intention to approve an amendment to the contract between
the City of Palo Alto and the Board of Administration of the Public
Employees' Retirement System.
S~CTION 2. The proposed amendment to the contract is set forth in
Exhibit 1 A1 attached hereto and by this reference made a part hereof.
SECTION 3. The Council f indo that this is not a project und~r the
California Environmental Quality Act and, therefore, no environmental
impact assessment is necP.ssary.
INTRODUC~D AND PASSED; April 5, 1982
AYES: Bechtel, Cobb, Eyerly, Fazzino, Fletcher, Klein, Renzel,
Witherspoon
NOES: Ncine
ABSTENTIONS: None
ABSENT: Levy
c
APPROVED AS 'l'O PORM:
. 1..~ c :?&J<LJ:J. ...f ...
-
..
AMDllf D'f 'fO COl'l'JlAC'r Bl'rild '!'RB
!OAllb or ADM!WIS'1tA~IOI
PUJILIC !KPLOTBS' R!"l'!R!MD! S!S'l'm(
Air> 'Ml!
CI'!'? COU?fC!t
01 '" CI1!'J' OP :PALO AL!O
'Ml• Board or l4•1n1•tntion, Public 1ap1~ ... • •etil'99Bat Syetm, 'h•reln-
aft•~ reternd •o ,.. Poard, end thtt ,oveniJt« bod)' of abo'H p:abl1c 11pnq,
hereiaatter refe!TP4 to •• Public Apnq, 'hllnnc entered into • coatnct mlder
date of llareh C}, 19'2, e'!te-ct1Yft Jamutr:r 1, 19'2, and Ra Mended etfeeti'H
Janua17 1, 1948, April 1, 1949, Janu17 1, 19152. Ju}7 1, 1954, 1eltru.•L7 1,
1956, Jfoftllltbe!' 1, 1964, ~ptf'ltber 2,, 1<>68, l>ecemlter 14, 1970, 1ebrua17 1,
197•, Jul~ 8, 1974, Janua17 5, 1975 1 April 1 • 1975, Sept•ber 11, 19"F7, Jul7 1,
19?9, Pebru.a17 21 , 19P1 , J'ul7 11 , 1 ~1 and Dee•ber 1 2, 1 ~1 , whieb prortde•
tor ,.ruetpation ot Public Agency in sdc1 97at•, Board and h'blic A«9DCJ'
herelllr qr.e u tol lowe:
A. Panr-apti• 1 thl"OU«h 10 tare here~ ~trlcken troll aai4 contract ea executed
effective l>eceM'ber 12, 1 'l81 , an« n::rebf replaced by the follorina '8ft-
gr11ph• mmHrad 1 througb 10 inc1ueive:
1. A.11 word• anc! ter. used hePein wM.eh ar. dttf'in9d in the Public
BlrplOJ"e••' Retirement t .. ahall Jo.a.Ye the •aniq u detined therein
u.ul••• otberwtae apeeif'icallJ' proYided. "lormal retlre•ilt age• eh.all
Ml!Ul fllC9 60 for looal mscell•n~':• ad aae 50 tor local ufeq -""'·
2. 1-'blic Agency •hall participate ta tit• Pu1tl1e l:lrpla.rH•' leti.,...nt
~t• troa •11d after Janwn7 1, '942 waJd.:DS it. ..,1~ ••
heffiutter proYid-4, aeabere ot .. 1c1 Syat• n'bject to all pro'Yi•ion•
of the Pu'blie ._,loyeea' lletlr•eet Law ezc.pt a11eh u appq only 011.
election of' l!I eontl"l'tctin• "~ney sn4 11re aot prorided for herein and
to all 11•nd .. !lte -t;o •Aid Law hereatt-.,. eacted e:cep• hCb •• -
espt"llt88 proviaio'D8 +.hereof ftppl7 onl.7 cm the electioa of contracting
apaci•••
'5. a.pl~e" of Public lpn~ 1.n t\e tollwiq ele••" ahall lHtcome
... 'ben of eai4 ltetil'elmlt Sy11t• noept n@h 1• Heh neb cl••• ••
are e:aclud-4 bf 1n or -tbt. •1rreeaeat1
a. Local tirema {herein referred t~ •• local Afet~ -'benh
lt. Local Polic-n (henin referred to u local ufety ... t..N)s
c. Bllplo,,eea othei-thAa local ufotJ -'ben (h•ni• refernd to ••
local aieeelh·seoa• ••bttn).
Ia add1tioa to th• cl• .. ~• ~ .,1 .... ezel•M f'lrc.. .,.knbtp 1llr
utt leUrwet La, ~.h• tollorinc al••••• ot enpl,OJM9 •luall Mt *--tt.n of NH leUrwat 9J•t•t
PllSC>r.; COllPD!AftD OI d llOUIL? Mltl IIIO
OW OR A:rrD l'OYIMm t, 19'4
4. h traction of f1u1 eompen8aUon to be prorlded tor ••ell ,..ar of
cre41 •M prior and 13111'!'<: et ••nice •• a loo•~ 1i118cellaneou. aeabe?"
•ball 'lMt det•l'91ned in ~ccorcla~c• Yith S.otton 21251.,3 of &aid
l•Ul"ftftt Law ( ~ at qe 60 '.Pull).
5. !It• tracttoa of f'inal cot1peuatton to 'be pro'rldec!I for each par of'
ondited prior ~ eu.nent aenia<!t •• a local aaf'et,' aea'Mr ehall 'be
4et11'ai.ned i• •ecol"dence with ScctiQn 21252~01 ot aaid let11"1911ent Lav
Cd at .,. 50 hll).
6. !Ile followiq ac!4tt1onal proYlaioDW of the Public lllpl01~•• • letire-
... t Ln wblc1l applJ oal.J upon elecUoa or a coatracUa« ••lley •hall
•PP~ to the Pul»lic Apnq encl i· empla,,eeez
•· Section• 21'80-21'.587, (1959 SurriTOra Propaa), e:scludiq Section
21382.2 (Increaeed 1959 SurviY~re ..,.n~tita).
b. S.cttoft 21222.1 ~Special ~ incre••• -1~0).
e. Seetton 21222.2 (S,.ctal 5( 1ncre••• -1971).
4. Section 21222.6 (Special 15( incl"ea.e for ce'9tain local •iecel-
laneooe ••be!"a).
•· Section 21222.85 (SJMtCial -,«.15~ inerea•~ to pre-t-1-74 l"Atit"eee) •
.,. Section 20024.2 'One-7ear fina! COtllpiiii.iii;C.!!on) r~r local •11f'ev
••Mr!! on~.
C• Section 21222.4 (S-,.ctal 15~ iaere••• tor local .. retJ ••'bere
Tho retired prior to •pney aMad:lq to pron.de tlt• d I 50
tormla).
7. Pa'bltc A .. aq, in accordance 1f1 th Section 20140, Gcnernaeat Code.
cNNoti to '8 aa "e11plt;pr" t'or :parpo.5M ot Chapter 6 ot tb• Public
w.p1"1 .... WetinMnt 'Lew ~ectiTe oa Sept•'ber 11, 19"7'1'. Accu.a•
law contri llatione ot Public Apnq •• nt the af4)re1Mntioned date
eball h fl.zed find 4et•l'llined ,.. prorl4ec1 ia Sect:t.011 20759, Oonnment
Cote, and acc.J1Ul•ted coatl'ibutione •• of tb• ~fo!"e99at1o?Wd aat• aJM1
coatri)atiou th•:re•tt•r •d• •hall 1M h•l4 _, the Board u prori4ed
1• See·ttoa 20759, Qowraeat Cod••
8. Paa1tlic Apaq &all coatrt1N.t• to aid ••tiNme:st SJ'•t .... follower
•~ Vit'b reepect to 111.eoellueou -1Mn, the aceaq •hell con-
trillate the follwinc pe~ta199 of 90llth~ aalari.. ••l"IMMl u
aiae~llueou ••MN ot •aid Rett ...... t S,.t•r
~t) 0.219 per:Jut matil Juae 30, 2000 oa •cooaat of th•
lt.abiU tr for ,rs.or .. "1.o• ...... ant•·
(2) 12.5'4 ,.l'Cest oa ao0eout of tlM Ualatltt,-tor nnwat
. { • u1 lfto• bftet1 te,.
i
(') ' 4.-t f7 percat oa aoooat of U.. Ha,t11t7 to~ tlM 19'9
hni "1'01' Propoaa.
...
• .•
B.
'b. '11th reapect to local Mt•~ Ma'Mn, ~h• ... n07 •hall contribate
the followinc perceatag911 of .onthl7 ••l•riea earned •• local
•11f•t1' ••ben of' Pi4 leti r.ment S7•t•r
(1' o.o~ percn.t until Jun• 'tO, 2000 on "eco'llJlt of the
lift)ilttT tor pi-tor ••l"Yice 'ben~fit•·
(2) 28.596 pel"C•nt on account of the lhbU1~ for eurrent
.. rvice bftnetita.
o. A reaaoaa'ble aaount ptr aJUIUlll, "" f!.:ired bJ' the "°""' to cov.r thcit
coat• of ed•tai•t•rine eaic! S7&tt"tl •• U attect• the eapl07eee of'
'Public AaenC7, not 1ncla4ing the coat• of epecial Teluationa or
of the perioc!tc tn•••tiga\ioo and TaluatiolUI f'l!'tetuired b7 law.
ct. A ra11.eonabl~ •cant u ti-zed 'bJ tbe loard, p~711ble in one iutall-
a.nt •• the ocoaaiOIUI ari•e, to cover the coate of epeciat Talua-
tiollll on aeeOQot of emplOJ'••• of Public lRenC7, an& coats o~ the
periodic inYe•tiption and valuatiou required 'bJ ln.
9. Contriwti.ona 1"'eqllil'•d ot Pu\llie ipn~ end ita eapl07eea shall be
euojeet to a4juat.ent b,-Board on a~count of a .. nd•enta to tbe Publie
P.llplOf'•es• Re4:irftftnt Lw, and Oil 'lcrou.at or the e'l:Jertea.ce c4er thf!I
Jtetinaent S7etett a-. detenained ~ the pe1lo4ie inTeetiptton. ud
nlu1ttion r8't.s.1 red b7 said Ret'!.~·.=tt Ln.
10. Ccnatri'butions requ1!'9d ot Public ApnCT and Ue 'l1ipl07ett& ehAll be
pitid 'b; Public lgeneT to t~e R•~i!'ellent S7ate11 vit~io thirt7 6a7s
after tbe enc! of the period to which eaid contri butione refer Ot" ••
•·Y be pre•eM.'b'!d bJ' Boa!'d re111lat1on. If' aore or leu than the
correct •oaat of' ccmtri 'bationa ie JN'id for a117 period, proper
~djnetaent e1'all 'be •d• ia connection with au'beeqaaent rem.ttimcfft or
adjuatllent• oa accoa11t ot errol"8 in contri'batioD.8 required of an;r
..,lo:r•• •7 'be •de 11¥ diHCt cuh pa199nta between the empla;yee and
tu "Joa rd. PQG1lte t., Pu\Uc .lpa~ to 'Boari 9a..T be •d• in the toni
of nrnnte, 'bank cheeke, 'bank dnfte, certit1ed nhecke, aonq ordAra
01" caeh.
"."hi• maendaent eball be ... taehe4 to eaid contrect and ehall be ~ffectiY• on th• _______ _.../Klll'lo.alllll-dq ot _,_,,..HAILI_,,....._ ______ . 191l.
W:ltnea OU'r luuada the _____ --:14'.-..dlli&.._ da~ ot ~ , 1cfl.
IOlll> O'f Al>JalISftA!IOW CI!r CODCIL
PUBLIC .rLOYDS' JtftIDMD! S'fftllf OJI 'fD
CI!r OJI PALO AI.to
/(l,_,~.d~ ,. .......
... ~ . -·· . . •
Alldl*DT TO COITRAC'l' BlmilD 'l'H!
BOARD OP ADXIWISTRATIOI
PUBLIC !'-PLO~' P.!'l'IRDIEl'l' SYSTDl
ill>~!
CI'l'Y COUlf CIL or THE
CITY OP P&)p ALTO
~
The Boord of Administration, Publi.§:.ployeee' Betireaent Syetea, herein-
after referred to as Board, and t~e ~ming body of abov~ public agency,
hereinatter ~ererred to as Public Ar~~, having entered into a contract uoder
date of Ml!l rch 9, 1 942, ef'fecti ve J'an1'J7 1 , 1 942, and as uended eff'ec ti ve
Januaey 1 , 1948, April 1 , 1949, J~17 1 , 1952, July 1 , 1954, February 1 ,
1956, love1tber 1, 1964, September.,:15.1968, Dece•ber 14, 1970, February 1,
1974, July 8, 1974, Ja:nua1"1 5, 1~lpril 1, 1975, September 1~. 1977, July 1,
1979, February 2~, 1981, July 11, ~1 and December 12, 1981, which provides
for participation of Public Agen~n aaid Syatea., Board and Public Agency
hereby agree as follows: ~
A. Pa:-agrapha 1 through 10 e.re Brebj stricken f'roa said contract as executed
ef'tecti ve Dt eeabf"r 12, 198ld h11trebJ replaced by the f'olloving para-
sraphs nuabered 1 through inclusive:
i. All words and terae herein which are detined in the Public
Ellpl07eea' Retireaent La shall haYe the •aniq u cte:tined therein
unleae othel'Wiee apecU'ical~ prort4ed. -.oraal retireaent aee• -.hall
mean ase 60 tor local Jliscellaneov• and age 50 tor local eaf'et,-
-._ffre.
;;. ~lie Agency shall pal'"~icipate in the P-.iblic ~loyees' Retire11ent
SY.stea f'ro• and after Januaey 1, 1942 aalc:iq its. eaplo:yeea aa
hereinafter ~rovided, -aeabere of said S7stea subject to all provisions
ot the Pu'olic 8m:plo;reea • Retireaent Law e:z:cept such aa apply only on
election of a contracting agenC7 and are not p~ovided tor her~in and
to all aaend•ents to "aid Lav hereafter enacted except such ae by
e111reaa p~vi~iona thereot applT onl3' on the election of contracting
agencies. · •
:5 • Eaployeee o! Public Agency in the tolloviq clasaea shall beCO!le
members of said Retirea6nt S7atea e:cept auch.in each such class aa
are excluded by law or this agre~t: ·
a. Local 1ireaen (hereitl referred to u local safety embers);
b. ~cal Polic•en (herein reterr"4 to aa local eatet,-••her.a) ;
c. Baplo,yeee other than local ••t•t7 ... bera· (herein referred to ae
local lliacellaneoue ••"*"'ra).
In addition to th~ claeees of eapl07ees·ezclude4 troa .. aberehip 'b1'
.-,id letireaent Lav, the toll.rtri:ac claeeee of .. PlOJ'ee• ehall not
become ... ben ot said ·1eUN118nt SJ'•t•: . ·
:?IRSOIS COJCPllSA'l'lt> 01 .U IOOILY llSIS HIUD
01 OR A1TD lfOYIDIR t , t 964
• ..
B.
b. With reepe~ to local eatet7 •••bers. the -~y ahftll contributP
the followin1 percentage• of aonthl1 ealariea earned aa loe"l
aafet7 •••bera or eaid Retire•ent S7etea:
(1) 0.027 percent until Jwie ~. 2000 on account of thP
liability !or prior eervice benefits.
(2) ~.596 percent o~ account ot the liability tor current
service benefits.
c. A reasonable aaount per annUJll, aa fi%ed bJ the Board to cover the
coat~ ot ad•inisterin« said S7stea aa it affectb the employees of
Public AgenC1', not including tbe cost• ot special valuations or
of the periodic inveetigstion and valuatioa.e required b7 law.
d. A reasonable aJlOUnt aa fixed bJ the ~oard, payable in one install-
aent as the occasions arise, to cover the coate of special valua-
tions on account of employees o! Public Agency, and costs of the
periodic inv~sti~ation and valuationa required by lav.
~. Contributions required or Public A/t,6nny and its ~•pl~ye~A shnll bn
subject to adjustment by Board on account of amendments to th6 Public
Employees' Retirement Law, and on account or the e:z:perie~ce under the
Retireaent System as determined b7 the periodic investigation nnd
valuatinn required by aaid Retireaent Law.
10. Contr:butiona required of Public Agen~ and ite e11plo,-eea shall be
paid by Public Agency to the Retirement S7atea within tbi~ty days
atter the end ot the period to vbicb eaid contributions refer or as
•7 be preacribed b,r Board regulation. It llOre or lees than the
correct allount of contribationa ia paid tor an;, period, proper
-adjuataent aha.11 be •de in connection ri th subsequent rem. ttances, or
adjuatilenta on account of eirore in contribution required of a~
~oyee lli&Y be aade b7 dir~ct caan paJ'llenta be~een the employee and
the Board. Pa,,vmenta b7 Public Aaenq-to Board 1!AY be made in the form
or warrants, bank ~hecks, bank dt'&tte, certitie~hecka, aoney orders
or cash. ~
This amendment shall be attached to said contrsct an~hall be effective on
the day of "% , 19_
Q_ Wi tnel'!s our httnds the da7 of ..,.... , 19 __ • ~-~~~~~~~~~ ---~-~~~~-
BOARD OF ADlllRISTRATIOR
PUBLIC EMPLOYEES' RETIR!MDT SYSTEM--
BY ____ _
Carl~. !lechincer, lzecuttve O~ticer
ApproYed. u io ton:
~
_gJ'µ COUICI~ Oz orm
CITY OF PALo f#'O
~ ~
Cleric
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