HomeMy WebLinkAboutRESO 6944RESOLUTION NO. 6944
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO
TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE
BOARD OF ~DMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND-THE CITY COUNCIL OF THE CITY
OF PALO ALTO
The Council of the City of Palo Alto does RESOLVE as
follows:
WHEREAS, the Pu,l,l ic &mpl oyees ' Retiremt!nt _(.;;w permi to the
participation of public aqeiioi11s and their eaployee.s 5.n the Public
E!lploy~aa 1 ~etlre¥$nt Syste~ by the execution of a CQntrac:t, and
s9ts torth the prcciadure by 'bil.ich ua id p1.J!.l i c ag901c i es "f!J.ay el ec:t t_,,
Subj CQt the~el V6fl llOO t~eir e.llploye~e to al:iE"Td!.Cli:>.rtts !:•:> &.:'lid LaV i
and
WR.EREA..<; ~ one of 1:.';_a ='>t-ap5 i::-1 the proccdt1'.l:'·~ t.o a:ru£r:d. this
cant~~t;.~t is the adopr..io.n by tns gov4=tT1i.ng :r-octy o:f tho p·..Wlic ags-ncy
o! ~ r~s~lu:cion ~ivinq notice C1f .?.ts J.ntimtiorA -r.o approv~ an
8JB$;n;:,~nC to !=Pa id !:cntract. teb5J .. ~!.i. resolution shall cor1ta:i.n a
s~~~cy ot t.h9 chanc;e propoeed lrt said 'l:!ont.ract; and
'r-r;:. pr,~vide Section ::;tm:;o.J (Milit'~ry Service
C~adit a~ P'Uhlic s~rvice) tor local •~$cellaneous
'.:\~~r~ on!y.
NOW: '!'E.~R~FORE" ~e Council ot the City of Palo Al't.c do.ea
lU''.SOl.n a~ f l.\l h;"~S:
,SE~Ql.Ll. Tbn Ci-cy Cou:-~cil ot· tbG City of Palo Alto does
her.eby ~-;l~·& no~ice of .intel:';it.icn to ::.ppro•·e an amenditent to the
c~:m:tract :bet"'!leen th~ City of hl~ h.lto iH'l.o. the Soard of Adm.ini&t.r~,p
t."i on of the P-®lic E1¥.plo.y~~s s Ret.h·~.lJ!c1;t syst.ew, a copy ('.tf aaid
ru:te~n•; bsing attached heret~: aaz ~E;r.hibit. _;_P.-and by thla
rei$renc~ DAde a p~rt h~reot. -~
~--;:.~ The City council find:;. that. ttda i~ ~t: a
p::roj~.ct u..~ex· -~a 1:;ali!·ornia Envil"~nl!!.~nt~l Quality Act, .tt'l':d
th~x.-efoi-~, no ~nvir:>n.aant&l i~ct ill!ses~r:.t .i~ U!?.(.~.C--r.'tsary.
A~l'~:.COMS:
Ant.!er-sen
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WA\I q. GIR>t91
~ ··'"' C> UJ ' ';...-4.."1 4 .
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APP\IPVl=P: ~
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Mayor
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lllPLOnm& • li.ftIRBllBR'!' SYSTEM
AllD '!'ID
cm coua::IL
OF TUB
Cift or PALO AL'!'O
The ~!' ... ~ -:·~ ~'.!::!.::!.:;~.:.o.i....i<:n, eublic Ea.ployees' Retire~ot Sy•Jt--!!':. hereinafter
•ef.11rred to •~ !'card, anc tne govarr11ng body ot ~b!>t;e public 111g1:ncy,
htcre lr..af Ler ii:vten:~ tc. as Pu bl le A9ency, ha•1 in9 itnter~d into a contract
•ffectiv• 3a11u~cy 1, l9~i, anJ wit~ea5ad Mar~~ 9. 19~2, and as Qaended
~ff~cti~• JA~~~~i-l, l~~B. April !, ~~•9, J~nuary l" 195~: July 1, 195~,
I'2b:-u&r7 :., 1~3~, Dotlw!Eer 1. 1964, t;eptt.:&ber 23, 19.Sfi, r•.zc.;:e>r.~ .... :-!_ ~".'.'""."~,
F,;tt;;,:,,,_;o.:::r -~ .• 11;.;. July ~. 1~74. J.:nu.a"'"' ~. ~:-;::.. ,.,.,i:11 1. 1;;·1s, Septew,;;r ~.i..,
i9r11 Ju.lr 1, i97S', l'~bl:ua:q1 :n, l'.HH: .Jul1 11, 1S0l, Dt:ce>m~°O'r Z.2, 1.38!., ~-;·.m~
!l. l9S2, ~pt~:IU.i~r !.·::, l~S3 snd No·.r:olllbc:ir l:i, 19&3, .. ·h:;r.:l1 r,>!C'/:.tl~".\ :l:1:;r
~rt.l.ci~at~~n of ll-ui)lic §l.9~n~y ln 1J.tlid Syat:es, Board a;'lr'i P~~t'--1ir:-f_,;.'=-r;c-_; (1..,4ecy
«<Jr'!~ H.t'I ful::..G"""';
A. f~u:iag.t:l".phs l ti~.tvi•.gr! J.~. ~re tle;.e~y s~;icJi;en frc:a
et:f~ct h•ai fiov.f'ti~T 1~. 1983. it.!•~ hernlo:-y rt!pliH'!~1~
~r•'3t'2p~U! nul!~~r;~ll J th!"Oi.:i•?,h 14 inc-;.Li5ive:
~~id ~ontrhct ~e
h;/ tiw t'.ol t~f~-~
2.. All "Jt:Z'~~ and tetta$ •l~~ h..rteln t.."h!ch "T'6' coi'f~nc;o::! ir. t~ .~1.1:.'u~
Blii1p1oyP.tS' ~Eti::.:ev.nt ~~ "h.3,ll hiiv~ the M>anin~ ~~ l~'l'!fin•d th~n:ln
;.;r.1L.-s oth~l'ffia~ o~::itlcal!.y pcovlc!ed~ 11Ncr~l .c.<l-i;.ir~nt. ~ge"
st>-011 •~r;n •,<P-~O for l~<Al sieceJ. laneoi;s inilsbe(ta and ·~;£Ye SO fvr lGC-!!l
sa ! >tty W1e!lbf!::::!<.
:=!. Public A9~nc::t ,.;;.r;)_l pat·-;;1ci~t.i0t in t:he I>ubU:: Ell4yioye-o<tJ;' R£·ti.:0-Si2:•.W.t
Sygte• fro"llS land ~f~a.t "''"m~r.y l, 19-12 mat,in9 H~ ~~pl¢y('!~~ a:;
h.ai'1$inafter prov;.C:::&d, ~~!SbQr& of ul~ S}'::>t~~ subject t!.l all pl<)'lf!~io.Q!'>
rJf ~~-~ 1~01!.:: I!lt@1\."lj•eo;:-,a' ~h'!~i=~l'!::lt. w.~.,, .;;:t;:;ep>,.; :;iu.~~~ ~~ &f?pl~ ¢~l:;r 1,..";!)
el't'ction of e ec1:.t t.sct.:i»-3 agisr>c:y anc ar'!f ni.:>·.: !?·c.:.:.,-i:j~ fan: i°!;::t"o?~,, .:i.n.-'l
to .!ll al'C~:idce-n<.:;;1 ::..:c "~~d !.~Ii!= i.lt:.:t!afte: ~no.c~e6 ~::i:<";3pt ;.nol<l!r '4'~,ic:h Cl)'
'i'X~ze~$ pi:O'-'"i.~iGns U:.,:-~~f .. appl_t• r..'fll? on z:h~ .el~c;t i~n 0f lf.
co.n~-nlct !.t~ ~9e.'1CJ.
i.., :ez;.:~~n:ei-ni Fr_:t:·I!~ it.~~r,~!f i~ tkle f4=:'!:.::-winq cls:,Bs{:5 sha.11 ~2CO~~
w1S•~t£ of.: 9lii.d 1'~t ir~it~&'lt i!l:t~~fio q;i;.:.ept svch in each ::'1'UC'h ci~.'11!: ~:,;
.11r"1' w:.tcltui-.td by l&'<' or ~t3.s a~r*'°'·*"nt ~
~.
c.
1-0.cal l'cl ice CfHc~u. ~ :;~.t9H'I J:efQt::ed to ~A lXi.ll ~~~!Qty
~-.~-E"t=s j 7
~1~1~1e3 o::n(,r tM.il loo~l ~bty ~f*b.".!r:a ~harx-~in t?.f12aed tc, as
l~~l ~i,.;c.~:i...!4n.:V"1:i ~!ll(HH'.ii; •
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.f.. In addition to ti1e classes of employees axcluded from membership by
•aid Ret!ce~en~ L••• the following ~lasses of employees shall ~ot
~coae =~mbet9 of said Retirement Syste2;
5.
8.
~he percentage of fin~l comp~r.satiun ~o c~ ~~o~ided f~r each year ot
credited prior and current ri.i;rv i c~ a:; ;'.l loc!'.l mil!c~:),.1.lneoua •eabjtr
ahall be deterained in acc~rd~nce with Sectiun li25i.l3 ~f said
Retirement Law (2\ at age 60 Full).
The perc~ntag"' .;,f finaJ-com~r,&lltlon co b~ providf-fd f1,..\r e~~h year of
cre~U tea pr !or a~d curnnt scrvici:. zis a loc.sl ~afet:y ro&P.-eb4r "ilo:;ll tie
~eterl'lllu-scJ in tr.c-::auda~c~ "'i t!1 S~ct!u!l 21252. 01 ct s~id P'9t ;_rfJ'l!!ent LAi;o
(~i at ~q~ 50 ~ull).
L'~.blic ~c;:i.cy e} ~ctec* tv be s;;ej~.:-t to t~e folJ.c.."...iing opt .:.•)l"iC.:l
~.ro~ i~iu:~~:
~-.S<'!:ctione. '-1380-213:.J? p·:)5~ :,_:~)C".JiVOr aer.~fit:s: ~;::::.;:;li.:·jing Scwt1on
21.lG:'.?.2 (!nc.r~~•*d 19:.9 S:;r:V".htot Bcnef!ts) n.r.a Se~tion :132:2.4
(!'n.~::J L~vel cf :!.9".1:-"J Sun :1.·00. f-..;m::lits ~.
~action 21222.l ~i~G~i~l 5l lnct~~&e -lq7n!. La~l;l5t~on
~~~•al~d ~ald s~cc1on •f!•~t\v~ 3a~uary 1~ li60.
~ect1~n 21222.2 (Sp~ciaJ 5\ lncr~ase -197i~-Le9isl~tl~~
J."&~1111'!-i: :1aid S.,;ctic.n etfccU ·.re Jam:.!.r.y L 19B:i.
d. Section :u:n2.G (;Special J.St Tncl~l:'.::12 for. w~.~ ~~.s·:~!.l~-'!'-~l.t~
Mi!llli.•i! c ~ j '
c. S'iact ion U2::?2. b5 { 5per.id :a -· i Sl. l~e.:01<1·.~e ! fo.r c:.: an ba~lE ·:'>f
those lo"-!'!'.l iioii'-<-ci:;.J. an1t0us ~eai'>~r:-s aaG local <Hl.!'&";;t.y ill~~lH1.rs "1no
~•tir .. ~ c:.:= :2l.v•i 1:u: lo= tc ,J.e.n~.!!.l'.J l, !97~.
b. S..-f:d.o:-. i::. :i. 2:!. i''5 i Si;;:<:-:: i'1 .\ l ~ -7'& :rncr.1·•1-<e) le>"= r.n on .b~nclf of
t~::a11: icr;.f>l m:is.i;'.~l :t.8~•~in 11e:tl'>t!r11 a.~~1 loc"l :<itic~ty ~:i::i;1~:r.zJ "'"'-.-;;
r<:tlcea or: di<?.<! ;·::i1.vc t~1 .Jult l, l~'H,
i.. $e~l::ion Z091v. 3 {Mil H-'i::f ~Ii?._,-., i~~ .;i~ti 1.1:. .::.it J:'0Jblic ~~v Jc~'.• •
$tv~uhts of 1~1~ fo .. I_o~ul ~!.:::c:".l~is..:-;i>"i "-li11tbe;:s c.n!.·t·
:;aub:U.c Ag'!!ncy, in a~c..::ir.du:::e •ith liofV·~~:ri.~•nt C.-,.;l'i'! :ii~tioil :u:·:~o~
e~es:~.:! to be. an .. a~lo~f"r'" f,,, ?UcJ?C~•s o! S~ct~m. i.O';~!I' ~ti-t'cti~~ ;:in
S4itp\:iir~r. U ~ 19?7, ~cuatd&tr;r~ .-;o:>tr U·~tt :h~r:s of. ~"!le Ag~t)~j' ~~~ U
he f b~d and ol'!tte:N ru«t "lll p::cvidE:l h~ ~uv~:r:"L"'*~nt ,-;ed~ e~:t h'.!<. 2<nsg.
!Ul•l ~ccumulau~ f'.'!Or~trH,i.1.1:.ior.u ~!~~nitZt::rr. !i~~ii ~ i'l:!ld 1J':l t~e ~"'i::t.:c '-$
prQ"'1idvd il: G?Y•t'hJ§d~t code ~~t.~on :l''1S~.
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9. Public ~gency •hall contribute to ••14 Retire .. nt Syste~ thQ
~ontLi~ution1 deterEined by ~~:cuarial valuations of prior ar.d future
se~v!cc liab!litz uith '''P8Ct to l1JCal ai1cellanaous member• and
local 1afety .. Imber• of 1&id R•tireaent ly•t••·
10. Public Ager.cy •hall a-.10 contribute to 1aicS 11et irement Sy1t•• aa
follov1:
ll.
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a. A rea1cn.1bl• a110unt, •• f i~•d by the Boer4, payable in one in-
1:a11 .. nt within 60 day~ ~f d4lt1 ot contract to ~over the co1t1
of ad•in11terin9 ~•id 3Y•t .. •• it aff9ct1 the .-ployee• of
P-ublic Agency, rKlt lnel~din9 the c~it3 of special valuations or
of tn~ piariodic inve1ti9~~ion and valuat~o-n• r~u~~ed by law.
h. A •::Pa•'.lU&~la a9'0unt. •• t ! >i:'l'5 ~y tkl• &or:dl, P•Y•bl• in one !l'~
auU:nr:.t as the CJCt:-O~ ~<:n• ani.tt1 to ~r t~a uo•t~ of SP'"Ci41
.... -;:.l.t:a ~ iono on P.c<.iQurt ~ :! ~9:p!O!f'lf4d o~ f'<J~l i e Aq&T!':.:~', !!:nd c:o;s ts of
tb'!t ~•tic.ti~ ir;·,t•~t it•t ion VJcS vu11:uion1 r~!!'.~d by 1<:&'W.
Cc:in~dhv.tj""~ a:~u;.ie-~ ot i'-"t'tlit: Ali.i~nc;y itJ':.I! its e0plo7•cs tihal! De
isubj€!C~ tc .\dj•.:.6iti:4r..~ ti:; ~tJ ~m JiCC:limr. .l)f ~n~~M.;;. tc ths F~bl l.c
&19Joy;;Qm' ::CeU:t:nier&t ::.aw, :A!'Vj .;ft ll!~":!o-.mt of t~fl' «"Xtl&riancEt un~ft'!.:: tho
P.etit"e•Ciht S:flltQ!I -~ diltoif"91fi•c! i)~; ':;f1~ SJa:'. iuO:iC 1n'lttfitigatiO!l ot."l~
'-'•.h1&t!~n· r11q~~r~.:i :1~· f~ld ii•1;:u;,~.u1t l:.aw.
Co~t::i::ib,,.,tior.~ r~l.l\:'itli QZ ~.lDUt: ~"*nc::1.• ~J•d l ::.i c;cployees ahall be
pal~ oy ~a~lic ~n~y to th• Q~t1rw~nl Sy~t~~ ~ithin fif ~en day~
a!t•' thw ~nd of tn~ t"4ii~ ~~ whlc~ ~aid (:OD~tibutions refe~ o~ ~s
IM.1 be ~.:~ii.c~:.~ by Jk>Qr6 ~~\.i.cU:m. Il 1>0ro Ol: bl!s t:~n th~
C"~rrs,;:t aMOunt 1::t eo~::db!'1tioli~ io Pfit.:'J tor .s.Df ~:riod, "ro7...et-
adjuataer.it ;shall 3:t: l42i~3 in conn~t lt:A ~Hh E'-ib~~ma-u~ ,t:: .. h: tar.<":"fi.
1'o!juit:t.li$1?t:a oe ~~C(.~t .J! ~ttei~s \1! Cf:mts:ibut i.O!).E .(fiq!Jin.-d of lfny
:i~lo.r.i• Nl b~ M.~Gt ~: J.i ~t!~t. ~~~eta: C.tv:se~• t~·~ c111plnyf"ti& .i'l~ t!::~
Boa~d~
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PERS-<.!OH-702 (~~!-.
(Rav. 6/88)
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