HomeMy WebLinkAboutCC RESO 12,167RESOLUTION NO. 12,167
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 NATIONAL CITY
WHEREAS, the Public Employees' Retirement
Law permits the participation of public 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 adoption by the legislative
body of the public agency of a resolution giving notice
of its intention to approve an amendment to said con-
tract, which resolution shall contain a summary of the
change proposed in said contract, and
WHEREAS, the following is a statement of the
proposed change:
1. Provide service credit at retirement
for unused sick leave for miscellaneous members.
2. Provide 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.
NOW, THEREFORE, BE IT RESOLVED, that the City
Council of the City of National City gives, and it does
hereby give, notice of intention to approve an amendment
to the contract between the City Council and the Board of
Administration of the Public Employees' Retirement System,
a copy of said amendment being attached hereto, marked
Exhibit "A" and by this reference made a part hereof.
PASSED AND ADOPTED this l2th day of October, 1976.
ATTEST:
EXHIBIT
AMENDMENT TO CONTRACT BETWEEN THE
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF NATIONAL CITY
The Board of Administration, Public Ehiployees' Retirement
referred to as Board and the CITY COUNCIL of the CITY OF NATIONAL
referred to as Public Agency having entered into a contract under
1948, effective July 1, 1948, and as amended effective March 1, 1954,
April 1, 1956, April 1, 1970, December 1, 1972, September 28, 1973, Marc
and October 1, 1974, which provide for participation of Public Agency in
System, Board and Public Agency hereby agree as follows:
reinafter
inafter
1,
954,
, 1974,
said
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 shell 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 shell 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 20759, 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:
g.
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. Form 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 tosaid contract and shall become
effective on the day of
ess our hands this day of
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
Carl J. Blechinger, Executive Officer
Approved as to form:
CITY COUNCIL
OF THE
CITY OF NATION
BY
Presiding Officer
Attest:
Ret Form 702-2
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy
of a Resolution adopted by the CITY COUNCIL
(Governing Body)
of the
on
CITY OF NATIONAL CITY
(Name of Public Agency)
Volume
(Date)
, appearing at Page
of the (Minutes) (Official Records) of the
CITY COUNCIL
(Governing Body)
CITY CLERK or
Secretary of the Board
PERS-ACT-12 (11/71)