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Home My WebLink AboutRESO 5864ORIGINAL • ORIGINAL RESOLUTION NO. 5864 RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY OF PALO ALTO WHEREAS, the Public Employees' Retirement Law permits the par- ticipation of public agencies and their employees in the Public Em- ployees' Retirement System by the execution of a contract, and sets forth the procedure by which said public agencies may elect to sub- ject themselves and their employees to amendments to said law: and WHEREAS, one of the steps in the procedure to amend thi~ con- tract is the adoption by the legislative body of the public agency of a resolution giving notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the changes proposed in said contract1 and WHEREAS, the following is a statement of the proposed change to the contract between the City of Palo Alto and the Public Employees' Retirement system: To provide Section 21222.85 (One-time 3% -15% increase to the pre January 1, 1974, retirees) for local miscellaneous members. NOW, THEREFORE, the Council of the City of Palo Alto does RESOLVE as follows: SECTION 1. The City Council of the City of Palo Alto hereby gives notice of its intention to approve said amendment to the con- tract between the City of Palo Alto and the Board of Administration of the Public Employees• Retirement System. SECTION 2. The proposed amendment to the contract is set forth in Exhibit •A• attached hereto and by this reference made a part herieof. SECTION 3. The Council finds that this resolution is not a governmental action under the California Environmental Quality Act and, therefore, no environmental impact assessment: is necessary. INTRODUCED AND PASSED: December 22, 1980 AYES: Bechtel, Eyerly, Fazzino, Fletcher, Henderson. Levy, Renzel NOES: None ABSTENTIONS,: > None ABSENT: Brenner, Witherspoon APPROVED: APPROVED TO P'ORM: 2 <t~ sr:~ssis~ty Attorney I • e ~-i· • ~-.. · (.:, .. .,_ ,... AMF.RDPIP:ft TO CONTRACT BETWEEJf THE _,/). ··· f ~UO 01 ADMINIST!ATIOI <tK. P!J~LTC F.MPt.oYEE~· R!'l'1REME1'T SY~F.M "'~ , . •:_.,. AM> 'rHE $ . • CI'!'Y COUNCIL ,, ·1.r OP TH! ~,,_. CITY 01 PALO ALTO ,/;I.\-~h• "'"'"" of Adoinhtr.tion, Public E11ployo .. • Retiroment S7ote•, hentin-"V n ft er t,.f prrf!d to ae Uoard, end the soverning body or above public agency, h~~P.in~ftnr referred to as Public A&ency, havin1 entered into a contract under dnt~ or Mnrch 9, 1942, effective Januery 1, 1942, and as ai1en•ed effective .1,,nw1ry 1, 1<148, April 1, 1949, Janu.ary 1, 1952, July 1, 1954, Pebruary 1, 1956, Nrn·•·111u<>r 1, 1lJfi4, ~~flpt~mber 2~, 1968, December 14, 1970, February 1, 1974, July H, 1'1''4, JnnuAr!' ;.1, 1'1'75, Apr1.l 1, 1975, September 11, 1977, and July 1, 1979, whfrh pr-cwi df'" for p!lrtfcipnticm of Public Agency in said Sys tea, Bonrn and ............ .....-... ...... PubJ i r A~ency hereby agree se tollove: A. P.'lrllr,rapha 1 through 10 are hereb)' stricken from Baid contract as executed eff~ctive July 1, 1919, ftnd ~reby replaced b7 the tollowi•I ~sragrapha numb~red 1 thro~~h 10 inclusive: 1 • All words and terma uaed h•rein which are defined in the Public F.mployees' R~tire .. nt I.aw ahall have the aeaning aa de!inGd therein unl~•R otherwi•~ spacitically provided. "lor .. l retireaent age" eh8ll mean al@ 60 tor local aiacellaneoua and age 50 for local safety membf!ct"So ~. Publ!c ARenoy •hall participate in the Public Employee•' !etir .. ent Sy11te• from and att•r Jaft\ia1'J 1 , 1942 aaking i ta eaployeea as herein- aftPr provided, aeabere ot eaid Syetem eubjeet to all proviaiona or th• Public EmplOJ•••' R•t1reaent Lav 1zcept 1uch •• •PPl.7 onl1 on election of a contract1ac agenC')' and are not provided tor herein and to all a~endaent• to e&id Law hereafter enacted •xcept &uch as b7 expreRa provision• thtreot •pplJ only on the el•ction ot contracting ~~enciea. · ~. ftnplcyeea of Public A,.eq in the rollowina claeau ahall beco• Mft•b~rg or 8Aid Retir...at S7•t•• except such in each .uch claaa as are PXrlud~d by law or thi• •areement: "'· T,or1tJ 1irf'!men (herein referred to as local Hfety •embers) i b. Local Policemen (herein referred to aa local aafetJ .. mbera); c. Katplo1••• other tb&!t local aafet1 •••bers (herein referred to as local mi1cellaneou1 .. abera). In addition to the clae• .. or niployeea excluded rroa aeaberahip llr e~id Retirement Lav, th• follovinc cl••••• of eaplOJ' .. • attall not beco"9 mem~ere of eaid letireaent Sy•t••a l'mtSO!fS COMPDSA'l'ID ON Al HOUILt IASIS HIRD OR OI Arf!!'t IOYIMBD 1 , 1 9'4 • .. ~. >-5. Thff :t'J"actio rtnat co.,auatioa to h prov · tor each year o! ' .• cr•41ted prio and cul'!'eJlt service aa a l&eal~cellan .. va .. aber •h~ll be determined ia accordance with Secti•• 212'1.t' ot .. 1d R•tirea~nt Lew (2' at .,. 60). 1'ht! fraction or final eo11peuation to be provided tor each 7nr ot cr•dit•d prior and C'Urreat 1erv1ce aa a lecal aatety 11t111'4ir 1~111 be d•t~rmi ned in ACcordaM• with Seo ti on 21252 .01 of aald '.letir .. eat 'Law ( 2% 8 t rig., 50). IJ'h~ following ad4itioDlll provision• ot the Public !111pl07eee' Retire- mPnt t,11" which apply onl.7 11.pon election or a contracting agency ahall ~pp1y to the Public Agency and its employees: p, ('. d. •• SP~tiona 21JR0-21'88 (1959 ~urvivora Program). Stetion ?122?.1 (Special 5~ incr .. se -1970). Section 21222.2 (Special 5% increase -1971). ~ection 21222.6 (Special 1si increase ror certain local miscel- lan~oua membera). qectioc 2122'2.85 (Special 3%-15% increase to pr•·1-1·74 retiree9) • 7. Public A«eftCJ, in acc•rd.anca with Section 20740, Govern•ent Co~a, ceaaed to be an "eaplor•r" tor purpoee• ot Chapter 6 of tht Public Rmployeee• ietir• .. nt Law •ttecti•• on Septeaber 11, 19T7. AccuMUlated eontribt.ationa of Public A,.acy •• ot th• ator ... ntionef data shall be fixed and det.i•ain.d ae provided in Section 20759. Govern•et\t Code, and acrl.&!Nlated contribut1.,.. as of the ator ... ntioned ••t• and contribu- tion• thPreaft•r m1de lhall \e held bf th• !oard •• providtd in Section 20759. Government Cod•· A. Public Afl!ency shall contribute to said Retirn.nt Sy•h• •• tollova: s. With reepect to id.acellaneous llleaber•. the agenc7 ehall con- tribute the tol1Mfil1a percentages ot 11e>nth]J' •alarie• earned as miecellaneou• aealliert1 of •aid Retirement Sfate•: (1) 0.229 ,.reeat until Jun• ,0, 2000 on account ot the liability tor prior eervice lMNletita. (2) 12.615 p~rceat Oil account of the liabilit1 tor current 8drvice benetlte. (~) 0.047 pereent on acc~unt of the liability for the t959 Survivor Procru. b. Vith re•pect to local ••tety •••bera, the agenc,r ahall contribute the rollowtn1 peroent•ae• of •onthl7 ealariH eara1td aa local aaf~t1 •~mber1 ot ... 14 Retir .. •nt S7atea: ( 1 ) 0 .019 pt1rc11n.t utU Jwae 30, 2000 on aecoun t or the liabilit7 ror prior aervice lNtnetita. (2) 25.9'5 pe~cent on account of the liabilit7 tor current aervic• benetlta. __ ,. ..... ~··· • c. ~ rttaRon~ble amount per annua, a• fixed llJ ~ 1 .. r41 to cover the cotitf\ or lldmln.1st•:t1AC aaid ~•t•• •• it 11rteete tlH employees or Public Ar.~ncy, not including the coata or special valuation• or or the periodic iRV1teti,ation and valuation• req,•1red by law. 11. A 'l"Paeom..ble amount as fixed by the Board. pa7a~le in one inahll- ment ~• the occa•t9na ariee. to cov•r the coat• or 8P9Clal valua- tion~ on account of eaployeee of Public Aiency, and coets ot ths perio~ic inveatiaation and valuations required 'bJ' law, 'l. ~ontr.i bu tionl'l requirP.d of Public Agency and 1 te e•ployees shall '&e irnb,ject to adjustment b)r" Board on accou.nt ot amendments to the Public FmployeP:J 1 R~1tir"1ment Law, end on account ot the experience under the Heoti r~ment Syet"ira as determined by the periodic 1.nveatigat1on and vnluntion required by laid Retirement Lav. tn. r.nntributi~nA requi~ed ot Public Asenc7 and its employeee a~all be p~id by Pub1i~ Atenct to the Retirement Syatem within thirty days ufter the P.nd ot the period to which said contributions refer or ae lftAy be pres~ribed by Joi.rd re11.1lation. If more or leaa than the ~C'rred nmnunt of contributions ii paid tor an,y period, proper ~l1just.111.-nt nhalt be Ma in connection with subsequent remithnces, or ~djuetmP.nte o~ &coount ot error• in contributions required ot any employ11e llll\Y be M4e "1 direct caah pqaeste b•t••en the employee and the Roard. P11,1Hnh 'b;r ?•blic Agency to 'Board ..y 'be ude in the iorm of •~rr~nt~, b~nk checka, bank drafts, certified checks, •oney orders or cash. ~. 'rhie l'lll!endment ahRll be attached to said contnct and shall be ef'tective on· the cla7 ot , t 9_. Wi \nP.ea our hBnda thP. ----------da1 of --------' 19_. ~ARD or ADMIMISTRAT!ON PUBLTr. EMPIA>Y1.ES' RE'l'fRRMEN~ Rt!'l'IM l'Y~~--...~~~~~~~-------------C a r 1 J, Blechinr.er, Executiv• Otticer Approved aa to form~ Cl1"t COUICIL OF '?HI CITY or PALO ALTO Atteet: c1ei4t PUS COl-702 t