Resolution No. 5206
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RESOLUTION NO. 5206
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON DECLARING ITS INTENTION TO APPROVE AN
AMENDMENT TO ITS CONTRACT BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT
SYSTEM ("PERS") AND THE CITY COUNCIL OF THE CITY
OF VERNON
WHEREAS, the Public Employees' Retirement law permits
the participation of public agencies and their employees in the
PERS 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 said amendments to said Law; and
WHEREAS, the Board of Administration of the PERS and
the City of Vernon have entered into a contract dated October 23,
1948, effective November 1, 1948, and amendments thereto
effective on April 1, 1956, October 1, 1960, July 1, 1966,
October 1, 1972, May 1, 1974, November 1, 1975, December 1, 1976,
and March 1, 1979, which provides for participation of the City
of Vernon in the PERS; and
WHEREAS, one of the steps in the procedure to amend this
contract is the adoption by the governing body of the public
agency of a resolution giving 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 Section 20024.2 (One-
Year Final Compensation) for local
fire members.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
SECTION 1: That the City Council of the City of Vernon
does hereby give notice of its intention to approve an amendment
to the contract between the City of Vernon and the Board of
Administration of the PERS, a copy of said amendment being
attached hereto, as an "Exhibit" and by this reference made a
part hereof.
SECTION 2: That the City Clerk of the City of Vernon
shall certify to the passage of this Resolution and thereupon
and thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 20th day of August, 1985.
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BRUCE V. MALKENHORST, City Clerk
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1 STATE OF CALIFORNIA )
) ss.
2 COUNTY OF LOS ANGELES )
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4 I, BRUCE V. MALKENHORST, City Clerk of the City of
5 Vernon, do hereby certify that the foregoing Resolution, being
6 Resolution No. 5206 ,was duly adopted by the City Council of
7 the City of Vernon, and was approved by the Mayor of said City
an adjourned
8 ati~ regular meeting of the City Council held on Tuesday,
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August 20
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AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUeLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF VERNON
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
November 1, 1948, and witnessed October 23, 1948, and as amended effective
April 1, 1956, October 1, 1960, July 1, 1966, October 1, 1972, May 1,.1974,
November 1, 1975, December 1, 1976 and March 1, 1979, which provides for
participation of Public Agency in said System, Board and Public Agency hereby
agree as follows :
A. Paragraphs 1 through 10 are hereby stricken from said contract as executed
effective March 1, 1979, and hereby replaced by the following paragraphs
numbered 1 through 11 inclusive:
1. All words and terms used herein which are defined in the Public
Employees' Retirement Law shall have the meaning as defined therein
unless otherwise specifically provided. "Normal retirement age"
shall mean age 60 for local miscellaneous members and age 50 for local
safety members.
2. Public Agency shall participate in the Public Employees' Retirement
System from and after November 1, 1948 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 dl amendments to said Law hereafter enacted except those, which by
express provisions thereof, apply only on the election of a
contracting agency.
3. 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:
a. Local Fire Fighters (herein referred to as local safety members);
b. Local Police Officers (herein referred to as local safety
rrembers) ;
c. Employees other than local safety members (herein referred to as
local miscellaneous members).
PLEASE DO NOT SIGN "ExfiIBIT ONLY'I
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4. In addition to the classes of employees excluded from membership by
said Retirement Law, the following classes of employees shall not
become members of said Retirement System:
NO ADDITIONAL EXCLUSIONS
5. 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).
6. The fraction of final compensation to be provided for each year of
credited prior and current service as a local safety member shall be
determined in accordance with Section 212S'2~01 of said Retirement Law
(2% at age 50 Full).
7. The following additional provisions of tbe Public Employees' Retire-
ment Law, which apply only upon election of a contracting agency,
shall apply to the Public Agency and its employees:
a. Sections 21380-21387 (1959 Survivors Program) excluding Section
21382.2 (Increased 1959 Survivors Benefits) and Section 21382.4
(Third Level of 1959 Survivor Benefits).
c. Section 20930.3 (Military Service Credit), as defined in Chapter
830, Statutes of 1976.
b. Sections 21263, 21263.1 and 21263.3 (Post-Retirement Survivor
Allowance) .
d. Section 20024.2 (One-Year Final Compensation) for local
miscellaneous and local fire members.
8. Public Agency, in accordance with Section 20740, Government Code,
ceased to be an "employer" for purposes of Section 20759 of the Public
Employees' Retirement Law effective on November 1, ,1975. Accumulated
contributions of Public Agency as of the aforementioned date shall be
fixed and determined as prOVided in Section 20759, Government COQe,
and accumulated contributions as of the aforementioned date and
contributions thereafter made shall be held by the Board as provided
in Section 20759, Government Code.
9. Public Agency shall contribute to said Retirement System as follows:
a. With respect to local miscellaneous members, the agency shall
contribute the following percentages of monthly salaries earned
as local miscellaneous members of said Retirement System:
(1) 1.398 percent until June 30,12000 on account of the
liabll.1ty for prior service benefits. (Subject to annual
change.)
(2) 20.898 per~ent unt.il June 30, 2000 on account of the
liability. for current service benefits. (Subject to annual
change.)
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Pl!A$i . DO NOTSfGN "EXHIBIT ONLY"
b. With respect to local safety members, the agency shall contribute
the following percentages of monthly salaries earned as local
safety members. of said Retirement System:
(1) 0.528 percent until June 30, 2001 on account of the
liability for prior service benefits. (Subject to annual
change. ).
(2) 41.864 percent until June 30, 2000 on account .of the
liability for current service benefits. (Subject to annual
change.)
(3) 0.293 percent until June 30, 2000 on account of the
liability for the 1959 Survivor Program. (Subject to annual
change.)
c. 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 hw.
d. 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.
10.
Contributions required of Public Agency and its employees shall be
subject to adjustment 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.
11.
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 cor~
rect amount of contributions is paid for any period, proper adjustment
shall be made in connection with subsequent remittances. Adjustments
on account of errors in oontributions required of any employee may be
made by d~rect payments between the employee and the Board.
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B. This amendment shall be effeotive on the day of
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Witness our hands the
, 19_.
day of
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF VERNON
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BY ~ c.:,\G~
SIDNEY ~~QAUSLAND,
~~....*1!tE OFF~CER
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BY . r::j~
Presiding Officer . ~~
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Attest: ~()~
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Approved as to form:
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Legal Offioe,
1. ~/. Yr
Date
PERS CON-702
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