HomeMy WebLinkAboutOrd 49-87 1959 Survivor Benefit ORDINANCE NO. 49- 87
AN ORDINANCE OF THE CITY OF DUBLIN
AMENDING THE AGREEMENT BETWEEN THE C~TY OF DUBLIN
AND THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM
TO INCLUDE THE 1959 SURVIVOR'S BENEFIT
An Ordinance of the City Council of the City of Dublin
authorizing an Amendment to the Contract between the City of
Dublin and the Board of Administration of the California Public
Employees' Retirement System. The City Council of the City of
Dublin does ordain as follows:
Section 1. That an amendment to the Contract between the
City of Dublin and the Board of Administration, California Public
Employees' Retirement System is hereby authorized, a copy of said
agreement being attached hereto, marked "Exhibit A", and by such
reference made a part hereof as though herein set out in full.
Section 2. The Mayor of the City Council is hereby
authorized, empowered, and directed to execute said amendment for
and on behalf of said Agency.
Section 3. This Ordinance shall take effect 30 days after
the d~%e of it's adoption and thenceforth and thereafter the same
shall be in full force and effect.
PASSED, APPROVED AND ADOPTED by the City Council of the City
of Dublin on this ~12th. day of _October , 1987 by the following
vote:
AYES:
Councilmembers Hegarty, Moffatt, Snyder,
Vonheeder and Mayor Jeffery
NOES: None
ABSENT: None
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF DUBLIN
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board, and the governing body of above public agency, herein-
after referred to as Public Agency, having entered into a contract effective
February 1, 1983, and witnessed December 13, 1982, and as amended effective
April 12, 1986, which provides for participation of Public Agency in said
System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 10 are hereby stricken from said contract as executed
effective April 12, 1986, and hereby replaced by the following paragraphs
numbered 1 through 10 inclusive:
lo
Ail words and terms used herein which are defined in the Public
Employees' Retirement Law shall have the meaning as defined therein
unless otherwise specifically provided. "Normal retirement age"
shall mean age 60 for local miscellaneous members.
·
Public Agency shall participate in the Public Employees' Retirement
System from and after February 1, 1983 making its employees as
hereinafter provided, members of said System subject to all provisions
of the Public Employees' Retirement Law except such as apply only on
election of a contracting agency and are not provided for herein and
to all amendments to said Law hereafter enacted except those, which by
express provisions thereof, apply only on the election of a contract-
ing agency.
·
Employees of Public Agency in the following classes shall become
members of .said Retirement System except such in each such class as
are excluded by law or this agreement:
ae
Employees other than local safety members (herein referred to as
local miscellaneous members).
·
In addition to the classes of employees excluded from membership by
said Retirement Law, the following classes of employees shall not
become members of said Retirement System:
a·
FIRE FIGHTERS; AND
POLICE OFFICERS.
Se
.
.
.
The fraction of final compensation to be provided for each year of
credited prior and current service as a local miscellaneous member
shall be determined in accordance with Section 21251.13 of said
Retirement Law (2% at age 60 Full).
The following additional provisions of the Public Employees'
Retirement Law, which apply only upon election of a contracting
agency, shall apply to the Public Agency and its employees:
a.
Section 20835.1 (Limits Prior Service Credit to Members Employed
on Contract Date).
be
Sections 21380 - 21387 (1959 Survivor Program) including
Section 21382.4 (Third Level of 1959 Survivor Benefits).
Public Agency, in accordance with Government Code Section 20759, shall
not be considered an "employer" for purposes of the Public Employees'
Retirement.Law. Contributions of the Public Agency shall be fixed and
determined as provided in Government Code Section 20759, and such
contributions hereafter made shall be held by the Board as provided in
Government Code Section 20759.
.Public Agency shall contribute to said Retirement System as follows:
a.
With respect to local miscellaneous members, the agency shall
contribute the following percentages of salaries earned as
members of said Retirement System:
(1) 0.159 percent until June 30, 2007 on account of the
liability for prior service benefits. (Subject to annual
change.)
(2) 5.929 percent until June 30, 2011 on account of the
liability for current service benefits. (Subject to annual
change.)
be
Public Agency shall contribute $3.50 per employee on account of
the liability for the 1959 Survivor Program provided under
Section 21382.4 of said Retirement Law. ('Subject to annual
change.) In add£tion, all assets and liabilities of Public
Agency and its employees shall be pooled in a single account,
based on term insurance rates, for beneficiaries of all local
miscellaneous members.
Ce
A reasonable amount, as fixed by the Board, payable in one in-
stallment within 60 days of date of contract to cover the costs
of administering said System as it affects the employees of
Public Agency, not including the costs of special valuations or
of the periodic investigation and valuations required by law.
de
A reasonable amount, as fixed by the Board, payable in one in-
stallment as the occasions arise, to cover the costs of special
valuations on account of employees of Public Agency, and costs of
the periodic investigation and valuations required by law.
Contributions required of Public Agency an°d its employees shall be
subject to adjustment by Board on account of amendments to the Public
Employees' Retirement Law, and on account of the experience under the
Retirement System as determined by the periodic investigation and
valuation required by said Retirement Law.
10. Contributions required of Public Agency and its employees shall be
paid by Public Agency to the Retirement System within thirty days
after the end of the period to which said contributions refer or as
may be prescribed by Board regulation. If more or less than the
correct amount of contributions is paid for any period, proper
adjustment shall be made in connection with subsequent remittances.
Adjustments on account of errors in contributions required of any
employee may be made by direct payments between the employee and the
Board.
B. This amendment shall be effective on the
November , 19 87 .
21st day of
BOARD OF ADMINISTRATION
· PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF DUBLIN
BY
SANDRA C. LUND
ASSISTANT EXECUTIVE OFFICER
BENEFIT SERVICES
BY
Presiding Officer
Witness Date
Attest:
PERS-CON-702 (AMENDMENT)
(Rev. 9/86)
Clerk
Summary of Benefit Provisions
Third Level 1959 Survivor Benefits
Government Code Sections 21380-21387, including Section 21382.4
General: The 1959 Survivor Benefits are paid monthly to certain survivors
of a member who dies before retirement. The covered member's
survivors receive the following monthly allowances regardless of
whether the member was eligible to retire at the time of death.
Surviving spouse with two or more dependent children; or three or
more dependent children, alone .................................. $840
Surviving spouse with one dependent child; or two dependent children,
alone ........................................................... $700
Surviving spouse, alone, age 62 or over; dependent mother and depen-
dent father, age 62 or over; or one dependent child ............. $350
De~i~nitions of S.u~.vivors
.
A dependent child is one under the age of 22 and unmarried, or a
disabled child of any age whose disability began before and has
continued without interruption after attainment of age 22.
2. A spouse ceases to be eligible for a benefit upon remarriage.
.
A surviving spouse must be married to the member prior to the
occurrance of the injury or onset of the illness which resulted in
death. -
Concurrent Benefits
The 1959 Survivor Benefits would be payable in addition to the following
benefits, if applicable:
Basic .Death Benefit - This benefit provided is a refund of the member's
accumulated contributions, with interest, plus an additional amount equal
to one month's salary for each year of service, up to a maximum of six
months salary.
1957 Survivor Benefit - This benefit is a monthly allowance equal to
~-ne-haif Of-what-the unmodified retirement allowance would have been had
the member been retired at the time of death.
Spep~alDgath Benefit (applies to local safety members only) - This
benefit is a monthly allowance equal to one-half of your "final compensa-
tion''. The 1959 Survivor Benefits payable in any month shall be reduced
by the amount of the special death benefit allowance.
Cost To Th9 Employee - The cost to the employee is $2.00 monthly (non-
refundable), in addition to normal retirement contributions.
PERS-CON-24b
C10019 (3/86)