Resolution No. 4624
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RESOLUTION NO. 4624
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON DECLARING ITS INTENTION TO APPROVE
AN AMENDMENT TO ITS CONTRACT WITH THE BOARD
OF ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM
WHEREAS, the Public Employees' Retirement Law permits the
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participktion 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, the Board of Administration of the Public
Employees' Retirement System and the City of Vernon have entered
into a contract dated October 23, 1948, effective November 1,
1948 and amendments thereto effective April 1, 1956, October 1,
1960, July 1, 1966, October 1, 1972, May 1, 1974, and November 1,
1975, which provides for participation of the City of Vernon in
the Public Employees' Retirement System; and
WHEREAS, one of the steps in the procedure to amend this
contract is the adoption of the legislative body of the pUblic
agency of a resolution giving notice of its intention to approve
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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 2% at 50 Full Formula for
police safety members.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VERNON:
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SECTION 1: That the City Council of the City oe Vernon
2 gives, and it does hereby give notice of intention to approve an
3 amendment to the contract between the City of Vernon and the
4 Board of Administration of the PUblic Employees' Retirement
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System, a copy of said amendment being attached hereto, marked
as Exhibit "A", and by this reference made a part hereof.
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SECTION 2: The City Clerk of the City of. Vernon shall
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certify to the passage of this Resolution and thereupon and
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thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this.6th day of February, 1979.
~~~.),'rOTern
ATTEST;
Ztb~d4ffP 4
BRUCE V. MALKENHORST, City Clerk
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1 STATE OF CALIFORNIA
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COUNTY OF LOS ANGELES
4 I, BRUCE V. MALKENHORST, City Clerk of the City of
5 Verno.n, do hereby certify that the foregoing Resolution, being
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Resolution No. 4624 , was duly adopted by the City Council
of the City of Vernon, and was approved by the Mayor of said
8 City at a regular meeting of the City Council held on Tuesday,
February 6
" 1979.
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BRtJCE V.. t-tALKEN ORST,. C~ tyClerk
( SEAL)
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Al'ImID:1E!lT 'IO cmr:;:r,,\CT B;:.-r";~"!lIE q~l"":'$?~
BOARD Olt Amu.uIS~\TIOH ~(:f<J,;;'~
FURLIC EUPLOYEES' JUITIl'.ill~~rx5YSTl:Jl ~,. ..t'
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CITY comiC'lL
O? "rim
ern OF VER.'roN
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The Doard of Admin1:ltrat1on. PulJl1c ~ploYQ.88t R.6t1remenc SY:Jtea, here1u-
after referred to as uBoard", and the governiI1l-; body of above public agency.
hereinafter referred to aD "Public Agencyu. having entered into a contract
under date of October 23, 1948, effectivo Noveoi>ar 17 1948. and a3 aJolcoded
effect~va April I, 1~56, Octouer I, 1~6u, July 1. 1966, October 1, 1972,
May 1. 1914, l~v~er I, 1~75 widch provides for participation of Public
Agency in ~aid SY3toa. Board and Pu~llc Agency hereby agrEUa as follows:
A. Paragraphs 1 through a nre hereby stricken fI'OCt naid contract as
executed effective Hay 17 1974, and herebj replAced by the
following parasraphs uuuber 1 through 10 1nc.lWlivcu
1. Allwcrdll and te.rTll3 used herein \lh1.c:h are dofined in tho Public
Ecployee.a' U'.ltirmaent Lav shall have the me4ning as defined tnp.rcdD
unless otherwise specifically provided. "Uorual retirenont ege'"
ahall mean age 60 for miscell.a.neQus ~ber3 and qa 50 for.1oc.aJ.
Mfetyaembus.
2. I'ubll.c Agen.c:y shall part.1c1patG in the Public I::z:r,Jloyeea' Retiremont
Syat8lS fro;;a and aftor Hovetnher 1, 194a~ RaJu.ns its employees as
hereinafter provided. mccl>ers of aaid Syst<:Sl subject to all"prov1s.1ona
of 'tile Public ~loyees. RetirCRent Law eXCitpt. ouch as Apply onl1 on
election of 4 COi\tracting agency awl are not provided for herein
and to all acendl:1onts to said Lnw iloreafter enacted except suc:h as
by expl'1l88 provisions tllereof apply 0011 em th.e election of contrac:tiPg
aaenc..1ca.
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3. Empl.o7aea of Public Agency in t.ho follow:1.ng classes shall b~ome
meabera of said Retirement Systet\ excepc such in eacb Buell el9as
as are excluded by law or tM. agreements
a. Lccal i'uaaeu (herein referred to as local lIafet7~>>)l
b. Local Pol1caaen (herein referred to as local safety meaOOrIl);
c.
Employee~ other than local tlafety ~bcrs (herein r~ferred to as
aiace11nueous QaQUers).
1a addition to tLle elasSCl8 of employees excluded frOQ r.1eUIhcrsldp by
sald Rotires:sent Law~ tho folloving cJ.aS!JeS of eaployeea shall not
become Rember3 of Gaid ilat1rCNcnt Systent
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NO ADPrrXOlL\L EXCLUSIOnS
EXH1~lT-8c~
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4. 'rue fraction of final. COOjlC..'1oation to be provided for e&1~11 ye.dr of
credited prior and current. scrvictlas a r:doccll..nneOu3 ClerWer sh.11l
be deternl.ncd in accordanea vi.~h Sect101t 2.U:;l.lJ of said .itetircment
Lav. (.2;; at age 60).
s. '1'Ue fraction of final ~pGn.Qatlon ~o be, provided for each year
of credited prior auJ current Gcrvi.ce as Q safety Clcnbor shall
be c!ctcnUned in accordance-..rl.tl1 Section 21252.01 of said
RetireQeQt Law (2.4 at ~Q 50).
6. 'rhe following adUltioMl provisions of too Publlc tnrploye.cs' Ret1rcoent
Law 101l.Uch appl]' ouly upou cl~t.ion of a contracting li&ency shall apply
to t1w PuLUc .t\.gency and ita euployees: '
a. Sac:ti~ 2l3Jo-2D~3 (providiDg for allOW'ances. for survivors
of tI2CI:1bers Covered under t~a 1959 ~urvivor' 0 Progra::a upon clus
De:%lWer'.o d.eath Le.fore retiraoont).
'b. ~t.iOn3 21263 and 21263.1 (Providit\b upon tho death of 11
~hor uiw retired for sarvic~ or dioaLility for continuance
of a post-retircuent surv:ivo.r a.ll..ovnncQ to cert.a1u survivors).
1:. Scct:ton 2(1)24.2 (dcf:!.n.ing ufi,na.l Compensation" on the basis of
average COl:1pcn~tion earnable durin(; ti1a year :1l::aaediatcly
preceding retircocnt: or a::J.y 9ther ono )'J).'lr period elected by
the ~Ii%'), for ra.isce.1J~neoU$ ~ers.
d. Section 209JO.J (allowin~ ?Ublic Service credlt under the.
provisions of Cll.3pter 830, Stats. 1976, for up to four years,
of continuoua w..litary or t:1crchant ~rina service).~ for tais-
cal1m~eous =~s.
7. Pub11c Agency" in accordance vit4 Section 20740, Goverm3ent Code.
c.caaed to be ilIl ueoployerU for purpone!j of Ch~!lter 6 of the Public
1:c:ployees' Retirement La~ cffcct.1ve em !!ovct.1ber 1. 1975.
Accumulated contributions of Public Aeency as of tlm aiorecentiOOed
data shall bo fixed and detC.nti.ned A8 provided .i..'1 Sect1on20759.
Covernoent Code. and ac..ct.:::lul~ted contribution.s a..'l of tho a.fore-
meut.1one.d date A.Ud c041tributiona chereJ1ftcr madcs shall be held by
the Board C&Il provided in Section 20]:;9" (;oVOrtl::Jeut Code.
8. l'ubl1c Aaency shall contrihute to oaid noti~ent System as follo\lss
a. W.1.th reepect to nUscAl'1 "UJ.eous tl~bcrs, the agency sh.all
contributa tns follouing porCtmtages of monthly saLlripq
eazued ~ misc(!11:a'1eous ~rs of said RotireJ:lent SY8tem~
(l.) 1.253 percent until June JO. 2000 on account of the
liability for prior servica benefits.
(2) 19.076 percent on account of t4a l1.abJ.lity for current:
. Mn1.ce bcuefita.
(3) 0.602 percent on account of the liabiUty for the
19.59 Survivor ProgrGCl.,
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.~. .~,U..~ l.elJi'" r.;. l'l .lvc..ll :.>.\ uty i.:t,;U:JU.l. tll.o uL;nllcf L>1>Jll.l
eontri1Juta tho fo11oviIit; florccnta&CU of mon.tll1:y s.o.lar lea
earned Q.Q local safety ~=(..~~d of said ~t1re2llent: Sy,u~csal ~
9.
(1) 0.531 pi)rcc.nt lCltil June- 30. 2001 on' account of tbe
liability for prior service benefits.
(2) 29.182 percent on account of the l1abillty for current
SCU'VU:Q benefits.
(3) 0.138 pe.rcont on account of ti16 ~1ii11ty for tho
1959 Survivor rro~roili:il..
0./1 r:e.aaonabla SOOWlt per armuo. AS fixed by tha Board to covel'
the costs of ud.mini3tering aaid Systc:xs as it affects the
eMployees of Public A~cncy. not including tl~ OO~t8 of spocial
valuations or of tue periodical ~lvesti&ation and valuations
rCflU:1red by lau.
el. A re.aaonable anount as fixed by the Board. payablo :In one
1nstalkcnt as the oeQsions arise. to cover the costs of
specinl vllluationa on account of CCJployeus of Public .\gcncy.
and coata of the periodical .iuvestigl1Uon and valuatiorua
required by law. .. .
Contributions required of Public Agency and its CDJ>loye.es sh4ll be
subje<:t to ndjustmant b7 Board on account of. amendtUmtil to the
Puh11c Eoploycel'J' Retirement Lll...,. ans! on account of the experienc.
under tl~ Ret1r~ent Systco as dete~ed by the pariodical
inveet1gat1OQ and valuation requ1rud by said Ret1re~t Law. .
Contributions reqY1red of Public 4\gency and its CDployeea al~ll
be paid by Public Agency to taG Ret1reoent 5ysteo witldn thirty
days alter tho end of the period to \.1hich n.1id contributions
refar or as may be prescribed by Board regulation. If more or
les8 than the correct amount of contributions is paid for any
period. proper adjustnent I1ha11 be made in connection 'With.
subllJequent renittances. or adjust:::cnts on accoWlt of errors
in contributions required of any cop1oyce may be made by
direct c:&811 pa~ents between the etnployea and thu Board.
Payments by Public ^goucy to iloard DaY he ~a in the form
of warrants. bank checks, bank draft:s. certified checks.
moaey orders, or &:3811.
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a. Th1a amendment shall Ue attached to said contract at\d eh.1.l1 he effecti"e on
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W1tneas our hands tlds
day of
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BO.A!ID OF AD..'1Ui!5'1'RA'IION A. CITY COUNCIL
PUBLIC E:-i?:I.OYEES" ~~l'r SYSTEU ('/ ~h OF nm
~~1A' , ern OF VE&'lO~
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Carl 3.ll1eciaiogar. ",,=utive Off1.cer .....~ Aft) Presiding Off1cq..
apprOTed 43 to f01'lll1 b'AU~gtl
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Lag.al Office. Pf..1S
Clerk
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