Loading...
HomeMy WebLinkAboutCC ORD 1976-1544 Amends contract between city council and board of administration of the California Public Employees Retirement System (Special)ORDINANCE NO. 1544 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM The City Council of the City of National City does ordain as follows: SECTION 1. That an amendment to the Contract between the City Council of the City of National City and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment 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 date of its adoption, and prior to the expiration of 15 days from the passage thereof shall be published at least one time in the National City Star News, a newspaper of general circulation, published and circulated in the City of National City and thenceforth and thereafter the same shall be in full force and. effect. PASSED AND ADOPTED this 1976. ATTEST: 7th day of December, EXHIBIT A AMENDMENT TO CONTRACT BE`.iWE N THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF NATIONAL CITY The Board of Administration, Public Employees' Retirement System, hereinafter referred to as Board and the CITY COUNCIL of the CITY OF NATIONAL CITY, hereinafter referred to as Public Agency having entered into a contract under date of May 1, 1948, effective July 1, 1948, and as amended effective March 1, 1954, July 1, 1954, April 1, 1956, April 1, 1970, December 1, 1972, September 28, 1973, March 1, 1974, and October 1, 1974, which provide for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. The following subparagraphs shall be added to Paragraph 5 of said contract: 5. f. Section 20862.8 (providing service credit at retirement for unused sick leave) for miscellaneous members. Section 20952.5 (providing for age 50 as the minimum voluntary retirement age for local safety members with benefit payments commencing prior to age 55 subject to actuarial discount). B. Paragraph 5.5 shall be added to said contract: 5.5 Public Agency, in accordance with Section 20740, Government Code, shall cease to be an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law effective as of the effective date of this amendment to this contract. Accu- mulated contributions of the Public Agency as of the date of such amendment shall be fixed and determined as provided in Section 20759, Government Code, and such accumulated con- tributions and contributions hereafter made shall be held by the Board as provided in Section 20?59, Government Code. C. Paragraph 6 (a) shall be stricken from said contract and the following paragraph shall be substituted therefor: 6. Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the public agency shall contribute the following percentages of monthly salaries earned as miscellaneous members of said System: Ret. Fort 702-1 (1) 11.208 percent on account of the liability for current. service benefits. (2) 0.183 percent on account of the liability for the 1959 Survivors program. (3) 0.170 percent until September 30, 1983 on account of the benefits provided by Section 21222.1 of the Government Code. D. D. This amendment shall be attached to said contract and shall become effective on the day of Wit es o this day of • BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM BY Carl J. Blechinger, Executive Officer Approved as to form: CITY COUNCIL OEs THE CITY OF NATIONAL CITY Bi Presiding Officer`,aj Attest: Ret Form 702-2 Passed and adopted by the Council of the City of National City, California, on December 7, 1976 by the following vote, to -wit: Ayes: Councilmen Nays: Councilmen Absent: Councilmen Abstain: Councilmen Camacho, D�11 Pi,nson4,, o.rgan,, None AUTHENTICATED BY: Reid None FILE MORGAN By: Mayor of the City of National City, California City Clerof the City of National City, California Deputy I HEREBY CERTIFY that the foregoing ordinance was not finally adopted until seven calendar days had elapsed between the days of its introduction and the days of its final passage, to wit, on and on December 7, 1976 November 23? 1976 I FURTHER CERTIFY THAT said ordinance was read in full prior to its final passage or that the reading of said ordinance in full was dispensed with by a vote of not less than a majority of the members elected to the Council and that there was available for the consideration of each mem- ber of the Council and the public prior to the day of its passage a written or printed copy of said ordinance. I FURTHER CERTIFY that the above and foregoing is a full, true and cor- rect copy of ORDINANCE NO. 1544 of the City of National City, passed and adopted by the Council of said City on Dece 1alex...7.,...1976 (Seal) By: City Clerk of the City of National City, California Deputy