Loading...
HomeMy WebLinkAboutReso 017-86 PERS ResoIntentRESOLUTION NO. 17 - 86 RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF DUBLIN WHEREAS, the Public Employees' Retirement Law permits the participation of pub- lic 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 Law; and WHEREAS, one of the steps in the procedure to amend this contract is the adop- tion by the governing body of the public agency of a resolution giv- ing notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the change proposed in said contract; and WHEREAS, the following is a statement of the proposed change: To provide Removal of Exclusions of Elected Officials; and Section 20835.1 (Limit Prior Service to Elected Officials Employed on the Effective Date of this Amendment to Contract). NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency does hereby give notice of intention to approve an amendment to the contract between the said governing body and the Board of Adminis- tration of the Public Employees' Retirement System, a copy of said amendment being attached hereto, as an "Exhibit" and by this reference made a part hereof. PASSED APPROVED AND ADOPTED ~his 10t__~h day of Ferry , 1986, by the following vote: AYES: Councilmembers Hegarty, J effery, Mof~~onheeder jMayor Snyder NOES: None By.<~/z~~. ~/~~.- ABSENT: None '~ (NAME) ~ February 10, 1986 (Date adopted and approved) ~yor (TITLE) Mayor Ret. Form 122 C0302 AMENDMENT TO CONTRACT BOARD OF ADMINISTRATION OF THE PUBLIC E~LOYEES' 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, which provides for partici- pation of Public Agency in said System, Board and Public Agency hereby agree as follows: Paragraphs 1 through 8 are hereby stricken from said contract as executed effective February 1, 1983, and hereby replaced by the following paragraphs numbered 1 through 10 inclusive: All words and terms used'herein which are defined in the Public Employe~s' 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 ~hall 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: Employees other than local safety members (herein referred to as local miscellaneous members). e In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become membershiP'said Retirement System: FIRE FIGHTERS; AND POLICE OFFICERS. 5t e 0 Ut Pt EASE DO NOT SIGN "EXHIBIT-ONLY" 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: bt Sec'~ion 20~]35.1 (Limit Prior Service to Elected Officials Employed on the Effective Date Of this Amendment to Contract). 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: With respect to local miscelIaneous members, the agency shall contribute the following percentages of salaries earned as members of said Retirement System: (1) 0.251 percent until June 30, 2007 on account of the liability for pr$or service benefits. (Subject to annual change.) (2) 8.011 percent until June 30, 2011 on account of the liability for current service benefits. (Subject to annual change.) bt 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. 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 re~u~red of Public Agency and its employees shall be subject to adjwstment 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. This amendment shall be effective on the , 19 . day of BOARD OF ADMINISTRATION ~ PUBLIC EMPLOYEES' RETIRE~T SYSTEM BY SIDNEY C.~C-AUSLAND, EXECUT~OFFI~ER Approved as to form: Legal Office, Date PERS-CON-702 (AMENDMENT) (Rev. 9/85) CITY COUNCIL OF THE CITY OF DUBLIN BY Presiding O ffice--~% Witness Date A~es~: Date