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Resolution No. 4436 1 RESOLUTION NO. 4436 2 A RESOLUTION OF INTENTION BY THE CITY COUNCIL OF THE CITY OF VERNON TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF 3 ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF VERNON 4 5 THE CITY COUNCIL OF THE CITY OF VERNON RESOLVES AS FOLLOWS: 6 WHEREAS, the Public Employees' Retirement Law permits the 7 participation of public agencies and their employees in the Public 8 Employees' Retirement System by the execution of a contract, and 9 sets forth the procedure by which said public agencies may elect 10 to subject themselves and their employees to amendments to said 11 law; and 12 WHEREAS, one of the steps in the procedure to amend this 13 contract is the adoption by the legislative body of the public 14 agency of a Resolution giving notice of its intention to approve 15 an amendment to said contract, which Resolution shall contain a 16 sunnnary of the change proposed in said Contract, and 17 WHEREAS, the following is a statement of the proposed 18 change: 19 Provide service credit up to four years for 20 any continuous military or merchant marine 21 service for safety members. 22 NOW, THEREFORE, BE IT RESOLVED: 23 SECTION 1: That the City Council of the City of Vernon 24 gives, and it does hereby give, notice of intention to approve an 25 amendment to the Contract between the City Council of the City of 26 Vernon and the Board of Administration of the Public Employees' 27 Retirement System, a copy of said amendment being attached hereto, 28 marked EXHIBIT "AI1 and by this reference made a part hereof. 29 30 31 SECTION 2: The City Clerk of the City of Vernon shall certify to the passage of this Resolution and thereupon and . . . .. 32 . . . . . -1- 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 1 2 3 4 5 6 7 8 9 thereafter the same shall be in full force and effect. ADOPTED AD APPB.OVED this 7th day of September, 1976. ~ ~ J ~~ ".'. ~.... . .~t""~6~r ATTEST: -2- . .' .' , . ' EXHIBI l' A AMENr.t1ENT TO CONTR:\CT BET'I'i~'r TEE BOARD OF ADHINIS'l'2ATION "- PUBLIC EMPIOYEEsr P.ErL~T S"fSTEH ANDT'dB CIT'I COUNCIL OF TrlE CITY OF VERNON The Board of Administration, Public Employees' Retirement System hereizt.after referred to as Board and the CITY COUNCIL of the CITY OF 'fER-i'iON, hereil1..a.fter referred to as Public Agency having entered into a contract under date of October 23, 1948., effective November 1, 1948, and as amended effective April 1, 1956, October 1, 1960., "July 1, 1966, October 1., 1972, May 1, 1974, rIovernber1, 1975, which provide for partiCipation of Public Agency in said System Board and Public .L\gency herebJ' agree as folloW's: .4. Paragraph 5 (e) of said contract shall be stricken . and the following paragraph 5 (e) shall be substituted therefor: 5. . (e) Section 20930.3 (providing service credit up to four years for any continuous military ormercr.ant marine service for persons who are members because of employment by Public: Agency).. : B. T"n.is amendment shall be attached to said contract and shall becomeeffec- tive on the day of. .. Witness our hands this day of BOARD OF An.'UNISTRATION PUBLIC D-IPLOY ..::.:.5 I RETIRENENT SYb:.L'"~.;H CITY COUNCIL OF :J:.t.i.;:; CITY OF VERNON BY Carl J. Blechinger, Executive Officer Clerk Approved as to form: EXHIBIT "A" . Ret.. For;n 702-1 (" " .~ "" " ) .... .. ( " .. 1 STATE OF CALIFORNIA ) ) SSe 2 COUNTY OF LOS ANGELES ) 3 4 I, F. A. ZIEMER, City Clerk of the City of Vernon, do 5 hereby certify that the foregoing resolution, being Resolution 6 No. 4436 , was duly adopted by the City Council of the City of 7 I Vernon, and approved by the Mayor of said City, at a regular 8 meeting of the City Council held on September 7, 1976 9 n.#:. v ~~') . ~ SEP 7 - 1976 . " R:ZCEIVE D~~ _ ~-.23 /~ F. A. ZIEMER f'i'T"V", "&'")'1' EDMUND G. BROWN JR., Governor STATE OF CALIFORNIA-BOARD OF ADMINISTRATION PUBLIC EMPLOYEES1 RETIREMENT SYSTEM 1416 NINTH STREET, P.O. BOX 1953 SACRAMENTO, CALIFORNIA 95809 Telephone (916) 445-5147 Reply to Section 020 It" August 18, 1976 1Ir. ll'. A. Ziemer City Clerk-Director of ll'inance Ci ty of Vernon 4305 Santa Pe Avenue Vernon, CA. 90058 Dear lIr. Ziemer: Yle are enclosing two copies of Resolution of Intention, Form 122, with a copy of the proposed amendment, ll'orm 702, attached to each resolution to provide Section 20930.3 (credit for military service) for safety members. Form ACf-12, Certification of Governing Body's Action is also enclosed. fo provide military service credit, the law requires that the employee will pay contributions which he would have contributed plus interest and the contributions wbich his employer would have made for service after the effective date of the agency's contract with this System. 'fhe amount of these payments is based upon the employee's contribution rate, the employer's contribution rate, and the employee's compensation earnable at the time of the employee' sentry into membership with your agency. Service prior to contract date would be credi ted as prior service at no cost to the member. Additional cost to the agency will emerge at future periodic valuations as employees claim and receive credit for military service. Despite the payment features by the employee there would be substantial increases in the agency's cost because the employer DII1st also pay contributions to the extent the costs exceed the amount contributed by the member. As soon as we receive one executed copy of the Resolution of Intention, Certification of Governing Body's Action (Form ACf~2), we will forward additional copies of the contraot and the ordinance necessary to oomplete 1qu:Jl gOverning body and DlU.st be deferred for at least twenty days after adoption of the Resolution of Intention. The employee eleotion may be scheduled for any date during the interval between the two actions of your governing body. Effective date of the contract oannot be earlier than. the beginning of a payroll period following the effeotivi;ty of the final action of your governing body. Please let us know if you have any questions. Yours truly, ~K~ TR1!':er encls. 'fhomas R. l!'rench Staff Services Analyst )( , , ' .~ CERTI FICAT'ON OF GOVERN '"GOODY' 5 ACTION ~, I hereby certify that the foregoing is a true and correet copy of a Resolution adopted by the Cll!Y CamCIL (Gove rn i ng Body) . of the CITYOIr VEmfOlf (Name of Public Agency) on September 7, 1 <'}7 6 (Date) ,appeari ng at Page 157 Vol ume 35 of the (Minutes) ~) of the CITY COONCIL (Governing Body) _<J...t..~__.(j F l' A. ZI;~R . CITY CLERK or Secretary of the Board B ,.'t..... ~ PERS-ACT-12 (11/71) /J?4U~.!~ . 9ft/?~ t~ ~;/~'~; y7~ STATE OF CA~FORNIA-BOARD OF ADMINISTRATION _", JJ",-: ,'L '_, ,,',,'..,,' /. /O,,~u(; ~'"'V!}'// /(iJ) CJ~ y@ l' ~i' PUBLIC EMPLOYEES' RETIREMENT SYSTEM 1416 NINTH STREET, P. O. BOX 1953 SACRAMENTO" CALIFORNIA 95809 Telephone (916) 445-5147 Mr. F. A. Ziemer, City Clerk Director of Finance City of Vernon, City Hall 4305 Santa Fe Avenue Vernon, Ca. 90058 REC.f:l1YED /1--1-~ 7 (::;, ......~,,-..._..-~-""'""" F. A. ZiEMER 020 CllY CLtJW.Please Direct You" Reply to Section Reier to Member Account Number November 8, 1976 Dear Mr. Ziemer, The contract between your agency and the Public Employees' Retirement System has been executed by our office. We are enclosing a copy of the executed contract for your files. Enc 1 osu re \ 'PERS-ACT-2 (1/74) ~.-/,' ,'\ \, " ft__ _~ ~ /~ /~-rT" KISUK YANG .......... ACTUAR'( ...........,'.'- .....'.. "". 'fftiPt...... -"~.- .... '. ..'.....'..DM!nllN..'.'.'......." '...IU'lI'I.' '.. . ... ":i!I;.w.v'" --. - -";-'" ,,"",,' ".'~'" ,...........;.....,......... '..t'~r..".. ......'.._ , NIl.:'.; . /ft'4!/Iii!fif . *^tnrliift' y...-..fiI....,.....'.'..!\tN_'......""~. '.' ....". ," 'c".'" C%ft):t'~N ' 'ht ..,..ftfk.l..._..,..... fU~l.~...p~~r..'J. .It'b,,..I''~.'b...'.1\tt.$..,..,. t.'.rt..,,~.U~a._4 .~)t..'. . ' a '."b,e.OXII'" ~:.. b.".l",~ ....t'.~.d .:;!:,r:;~J:f=;Jl~*ie;::~:: .;....4~~:JJI::~f:-:;It<<::....fi:~:~::1I:=11~~;." 4'~'.1,1I1'~.:. 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PUBLIC Er1PLOYR2S I PaLD..EHENT SYS']SN AND Y1:B CITY COilliCIL OF TdE CITY OF VERNON TIm Board or Administration, Public Enployees J Retirement System hereir..after referred to as Board and the CIT"lCOTINCIL cfthe CIT! OF1lEP,NON, hereirt..after referred to as Public ,Agency having entered into a ccntractunderdate of October 23, 1948, effective November 1, 1948, and as amended effective A.pril 1, 1956, October 1, 1960" 'July 1,1966, October 1, 1972, May 1,1974, ~bvember 1, 1975, which provide for participation of Public Agen.cyin .said System Board and Public Agency hereh]' agree as follows: A. ParQ.graph 5 (e) of said contract shall be stricken . and the following paragraph 5 (e) sbailbe substituted therefor: 5. . (e) Section 20930.3 (prOviding sez-v"ice credit up to foUr years for any continuous military or merc~~t ~2rine service for nersons who are membe!'s because of employment by Public Ag;:lncy Y: ,B. T'.ais amendment s}l..a11 be attached to said contract and sn:::>ll become effec- tive on the day of. Wi tness our hands this day of .. '. BOARD OF Al1lINIST.R.<lTION. PUBLIC, DIPLOYEES 1 P..ETIREHENT' SYSTEM CIT'! COUNCIL OF 1:~ BY Carl J. Blechirrger, Executive Oft~icer CITi OF VERNON -& 4~" ......"i7~ ~ i?r_~:,. ~y -"'~'~~~~. . ~y /J:.~~~_-:~' b ~.-~ '~" 2?~a~ Officer ~.....:~ .....~'.~ ~.~ .;; d-,""~.....'>. .,~ . i' '-;.\. '! >~ j; ,\..9 t~.<::"~Ate'';'':'''' {~~! -; ~!;~-=:. : ~~ " Clerk Approved as to form: EXHIBIT "A" Ret.. Form 702'-1 " "..... ( ~ .~. 1 STATE OF CALIFORNIA ) ) SSe 2 COUNTY OF LOS ANGELES ) 31 4 I, F. A. ZIEMER, City Clerk of the City of Vernon, do 5 hereby certify that the foregoing resolution, being Resolution 6 No. 4436 , was duly adopted by the City Council of the City of 7 I Vernon, and approved by the Mayor of said City, at a regular 8 meeting of the City Council held on Sqt:~m'h~... 7,J976 9 I 10 : 11 F. A. Ziemer, City Clerk 12 13 14 15- 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 by .- Deputy Clty'Clerk 32 """