Resolution No. 5952
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RESOLUTION NO. 5952
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A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF VERNON DECLARING ITS INTENTION TO
APPROVE AN AMENDMENT TO THE CONTRACT
BETWEEN THE BOARD OF ADMINISTRATION OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM (PERS)
AND THE CITY COUNCIL OF THE CITY OF VERNON
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WHEREAS, the Public Employees' Retirement Law permi ts
6 the participation of public agencies and their employees in the
7 PERS by the execution of a contract, and sets forth the
8 procedure by which said public agencies may elect to subj ect
9 themselves and their employees to amendments to said Law; and
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WHEREAS, the Board of Administration of the PERS and
11 the City of Vernon have entered into a contract dated October
12 23, 1948, effective November 1, 1948 and amendments thereto
13 effective on April 1, 1956, October 1, 1960, July 1, 1966,
14 October 1, 1972, May 1, 1974, November 1, 1975, December 1,
15 1976, March 1, 1979, July 6, 1986, October 17, 1986,
16 September 7, 1990, and January 19, 1991, which provides for
17 participation of the City of Vernon in the PERS; and
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WHEREAS, one of the steps in the procedure to amend
19 this contract is the adoption by the governing body of the
20 public agency of a resolution giving notice of its intention to
21 approve an amendment to said contract, which resolution shall
22 contain a summary of the change proposed in said contract; and
23 WHEREAS, the following is a statement of the proposed
24 change:
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To provide Section 21365.6 (Pre-Retirement
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optional Settlement 2 Death Benefits) for local
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fire members only including extension of the
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funding period to the year 2011.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
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SECTION 1: That the city Council of the City of Vernon
4 does hereby give notice of intention to approve an amendment to
5 the contract between the city Council and the Board of
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Administration of the PERS, a copy of said amendment being
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attached hereto, as an Exhibit "A" and by this reference made a
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part hereof.
SECTION 2: 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.
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APPROVED AND ADOPTED this 16th day of July, 1991.
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LEONIS C. MALBUR, Mayor .
ATTEST:
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BRUCE V.
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STATE OF CALIFORNIA )
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COUNTY OF LOS ANGELES )
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I, BRUCE V. MALKENHORST, City Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 5952 was duly adopted by the City Council of the
City of Vernon at a regular meeting of the City Council duly
held on Tuesday, July 16, 1991, and thereafter was duly signed
by the Mayor of the City of Vernon.
BRUCE V.. MALKENHORST, City Clerk
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EXHIBIT
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AMENDMEN'r 'l'O CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT
AND THE
CITY COUNCIL
OF THE
CITY OF VERNON
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The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board, and the governing body of above public agency,
hereinafter 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, March 1, 1979, July 6, 1986, October
17, 1986, September 7, 1990 and January 19, 1991, which provides for
participation of Public Agency in said System, Board and Public Agency hereby
agree as follows:
A. Paragraphs 1 through 13 are hereby stricken from said contract as executed
effective January 19, 1991, and hereby replaced by the following
paragraphs numbered 1 through 13 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, age 50 for local
police members and for those local fire members entering membership
prior to October 17, 1986, and age 55 for those local fire members
entering membership on or after October 17, 1986.
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 all 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
members);
c. Employees other than local safety members (herein referred to as
local miscellaneous members).
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COP Y
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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 percentage 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 percentage of final compensation to be provided for each year of
credited prior and current service for local police members and for
those local fire members entering membership prior to October 17, 1986
shall be determined in accordance with Section 21252.01 of said
Retirement Law (2% at age 50 Full).
7. The percentage of final compensation to be provided for each year of
credited prior and current service for those local fire members
entering membership on or after October 17, 1986 shall be determined
in accordance with Section 21252.6 of said Retirement Law (2% at age
55 Full).
8. Public Agency elected to be subject to the following optional
provisions:
a. Sections 21380-21387 (1959 Survivor Benefits) excluding Section
21382.2 (Increased 1959 Survivor Benefits) and Section 21382.4
(Third Level of 1959 Survivor Benefits) for local safety members
only.
b. Sections 21263, 21263.1 and 21263.3 (Post-Retirement Survivor
Allowance).
c. Section 20930.3 (Military Service Credit as Public Service),
Statutes of 1974.
d. Section 20024.2 (One-Year Final Compensation) for local
miscellaneous members and local fire members only.
e. Section 20461.6 (Different Level of Benefits), applicable
to the 2% @ 50 Full formula for local fire members entering
membership on or after October 17, 1986.
f. Sections 21380-21387 (1959 Survivor Benefits) including
Section 21382.4 (Third Level of 1959 Survivor Benefits)
for local miscellaneous members only.
g. Section 21365.6 (Pre-Retirement Optional Settlement 2 Death
Benefit) for local miscellaneous members and local fire members
only.
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PLEASE DO NOT S!GN "EXHIBIT ONl)",'
9. Public Agency. in accordance with Government Code Section 20740,
ceased to be an "employer" for purposes of Section 20759 effective on
November 1, 1975. Accumulated contributions of Public Agency shall be
fixed and determined as provided in Government Code Section 20759, and
accumulated contributions thereafter shall be held by the Board as
provided in Government Code Section 20759.
10. Public Agency shall contribute to said Retirement System the
contributions determined by actuarial valuations of prior and future
service liability with respect to local miscellaneous members and
local safety members of said Retirement System.
11. Public Agency shall also contribute to said Retirement System as
follows:
a. Public Agency shall contribute $2.50 per employee, per month on
account of the liability for the 1959 Survivor Benefits provided
under Section 21382.4 of said Retirement Law. (Subject to annual
change.) In addition, all assets and liabilities of Public
Agency and its employees shall be pooled in a single account,
based on term insurance rates, for survivors of all local
miscellaneous members.
b. 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 law.
c. 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.
12. 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.
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13. Contributions required of Public Agency and its employees shall be
paid by Public Agency to the Retirement System within fifteen 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
correct amount of contributions is paid for any period. proper
adjustment shall be made in connection with subsequent remittances.
Adjustments on account of errors in contributions required of any
employee may be made by direct payments between the employee and the
Board.
B. This amendment shall be effective on the
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BOARD OF ADMINISTRATION ~~
PUBLIC EMPLOYEES' RETIREMENT ~\t...~iJ'
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CHIEF. ~~~~~VICES DIVISION
PUBLIC ~~EES' RETIREMENT SYSTEM
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PERS-CON-702 (AMENDMENT)
(Rev. 3/91)
day of
CITY COUNCIL
OF THE
CITY OF VERNON
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Presiding Officer ~
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