Resolution No. 6947
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RESOLUTIQN NO. 6947
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING AND AUTHORIZING THE EXECUTION
OF AN AGREEMENT TO POOL 1959 SURVIVOR BENEFITS,
ASSETS, AND LIABILITIES BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE
CITY OF VERNON
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7 WHEREAS, the City Council of the City of Vernon and the
8 Board of Administration of California Employees' Retirement System
9 (now the Public Employees' Retirement System or "PERS" ) entered
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into a Contract on October 23, 1948 for the City of Vernon and
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specified employees to participate in said retirement system; and
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WHEREAS, the City Council of the City of Vernon adopted
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Resolution No. 6946 on May 6, 1997, expressing its intention to
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amend said Contract to extend 1959 survivor benefits to local fire
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members pursuant to Government Code Section 21573; and
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WHEREAS, said code section requires that the assets and
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liabilities resulting from such benefits be pooled into a single
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account with other contracting agencies; and
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WHEREAS, the PERS Board of Administration has requested
that the City Council of the City of Vernon enter into a separate
Agreement for the pooling of such assets and liabilities; and
WHEREAS, the City Administrator has recommended that said
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Agreement be approved.
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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: The City Council of the City of Vernon hereby
27 finds and determines that the recitals contained hereinabove are
28 true and correct.
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SECTION 2: The City Council of the City of Vernon hereby
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approves the "Agreement to Pool 1959 Survivor Benefits, Assets,
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and Liabilities between the Board of Administration of the Public
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Employees' Retirement System and the City Council of the City of
Vernon," a copy of which has been presented to the City Council
concurrently with this resolution, and the City Council hereby
orders said Agreement to be received and filed by the City Clerk.
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SECTION 3: The City Council of the City of Vernon hereby
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authorizes the Mayor and the City Clerk to execute said Agreement
for, and on behalf of, the City Council of the City of Vernon.
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SECTION 4: The City Clerk or his designee is hereby
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instructed to return two executed copies of said Agreement,
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together with a certified copy of this resolution, to S. Dawn
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Evans, Employer Representative, Public Agency Contract Services,
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PERS Actuarial and Employer Services Division, P. O. Box 942709,
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Sacramento, CA 94229-2709.
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SECTION 5: 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.
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APPROVED AND ADOPTED this 6th day of May, 1997.
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,/P~
MALKENHORST, City Clerk
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23 AT/r
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BRUCE V.
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STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, BRUCE V. MALKENHORST, City Clerk of the City of
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Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 6947 was duly adopted by the City Council of the
City of Vernon at a regular meeting of the City Council duly held
on Tuesday, May 6, 1997, and thereafter was duly signed by the
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Mayor of the City of Vernon.
/H/~
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BRUCE V. MALKENHORST, City Clerk
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15/1, 69L/~
BRUCE V. MALKENHORST
City Administrator/City Clerk
FAX: (213) 581-7924
CITY HALL
DAVID B, BREARLEY
City Attorney
FAX: (818) 330-5818
KEVIN WILSON
Director of Community Services & Water
FAX: (213) 58$-2761
KENNETH}. DeDARIO
Director of Light & Power
FAX: (213) 583-1983
DAVE TELFORD
Fire Chief
FAX: (213) 581-1385
LOlITSR06ENKRANTZ
Police Chief
FAX: (213) 581-1178
CITY COUNCIL
LEONIS C. MALBURG
Mayor
THOMAS A. YBARRA
Mayor Pro-Tern
Wm, "BILL" DAVIS
Councilman
H. "LARRY" GONZALES
Councilman
W. MICHAEL McCORMICK
Councilman
4305 SANTA FE AVENUE, VERNON, CALIFORNIA 90058
TELEPHONE (213) 583-8811
May 29, 1997
CALIFORNIA PUBLIC EMPLOYERS
RETIREMENT SYSTEM
Actuarial & Employer Services Division
P.O. Box 942709
Sacramento, CA 94229-2709
ATT: Ms. S. Dawn Evans, Employer Rep.
Public Agency Contract Services
Dear Ms. Evans:
On May 6, 1997, the City Council approved an Agreement to Pool 1959
survivor Benefits Assets & Liabilities. Submitted herewith, in
accordance with your letter dated April 4, 1997, are two original
executed agreements. As soon as PERS' representatives have executed
said agreement please see that it is returned directly to me, as
custodian of official records.
Thanking you in advance for your attention to this matter.
Very truly yours,
CIT 'F VERNON
'M~~~. _ /l~)
orla J. Or sc(j/~
Chief Depu City Clerk
cc: ">fta
J. Francone, Personnel Asst.
:PERSAgrmtLtr
@
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AGREEMENT
TO POOL
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF VERNON
WHEREAS, Government Code Section 21573 provides for a single employer rate to be
established to provide benefits under said Section on account of members
employed by contracting agencies electing to include the provision of said Section
in their contracts; and '"
WHEREAS, Government Code Section 21573, requires pooling of all assets and liabilities of all
contracting agencies subject to said Section;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City ofVemon and its
covered employees shall be pooled pursuant to the provisions of Government Code
Section 21573.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF VERNON
BY BY~'
KENNETH W. MARZION, CHIEF . PItE DING OFFICER MAYOR
ACTUARIAL & EMPLOYER SERVICES DIVISION Leo~ C. al~.Jl A~~
PUBLIC EMPLOYEES' RETIREMENT SYSTEM ATTEST: _ ... _p 7/~'/
Bruce V. Malkenhorst
City Clerk
Date 1Jj1' l'eR) P197
PERS-CON-59 (Rev. 7/96)
AGREEMENT
TO POOL
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF VERNON
WHEREAS, Government Code Section 21573 provides for a single employer rate to be
established to provide benefits under said Section on account of members
employed by contracting agencies electing to include the provision of said Section
in their contracts; and
WHEREAS, Government Code Section 21573, requires pooling of all assets and liabilities of all
contracting agencies subject to said Section;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Vernon and its
covered employees shall be pooled pursuant to the provisions of Government Code
Section 21573.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF VERNON
BY BY~
KENNETH W. MARZION, CHIEF pItES G OFFICER' - IM~YR
ACTUARIAL & EMPLOYER SERVICES DIVISION Leor;j}; C. Malb~
PUBLIC EMPLOYEES' RETIREMENT SYSTEM ATTEST: /' <---- V ~
Bruce V. Malkenhorst
D t ;nCity Clerk??
a e ~ / '1./ / '7 ,
PERS-CON-59 (Rev. 7/96)
1
RESOLUTION NO. 6947
2
3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING AND AUTHORIZING THE EXECUTION
OF AN AGREEMENT TO POOL 1959 SURVIVOR BENEFITS,
ASSETS, AND LIABILITIES BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE
CITY OF VERNON
4
5
6
7
WHEREAS, the City council of the city of Vernon and the
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Board of Administration of California Employees' Retirement System
9
(now the Public Employees' Retirement system or "PERS") entered
into a Contract on October 23, 1948 for the city of Vernon and
10
11
specified employees to participate in said retirement system; and
12
WHEREAS, the City Council of the City of Vernon adopted
13
Resolution No. 6946 on May 6, 1997, expressing its intention to
14
amend said Contract to extend 1959 survivor benefits to local fire
15
members pursuant to Government Code section 21573; and
16
WHEREAS, said code section requires that the assets and
17
liabilities resulting from such benefits be pooled into a single
18
account with other contracting agencies; and
19
WHEREAS, the PERS Board of Administration has requested
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that the City Council of the City of Vernon enter into a separate
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Agreement for the pooling of such assets and liabilities; and
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WHEREAS, the City Administrator has recommended that said
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Agreement be approved.
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
25
CITY OF VERNON AS FOLLOWS:
SECTION 1: The City Council of the City of Vernon hereby
27 finds and determines that the recitals contained hereinabove are
26
28 true and correct.
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SECTION 2: The City Council of the city of Vernon hereby
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approves the "Agreement to Pool 1959 Survivor Benefits, Assets,
3
and Liabilities between the Board of Administration of the Public
4
Employees' Retirement System and the city council of the city of
5
Vernon," a copy of which has been presented to the city Council
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concurrently with this resolution, and the city Council hereby
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orders said Agreement to be received and filed by the city Clerk.
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SECTION 3: The city council of the city of Vernon hereby
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authorizes the Mayor and the City Clerk to execute said Agreement
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for, and on behalf of, the city council of the city of Vernon.
SECTION 4: The city Clerk or his designee is hereby
instructed to return two executed copies of said Agreement,
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together with a certified copy of this resolution, to S. Dawn
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Evans, Employer Representative, Public Agency Contract Services,
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PERS Actuarial and Employer Services Division, P. o. Box 942709,
16
Sacramento, CA 94229-2709.
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SECTION 5: The city Clerk of the city of Vernon shall
18 certify to the passage of this resolution, and thereupon and
I 19 thereafter the same shall be in full force and effect.
20 APPROVED AND ADOPTED this 6th day of May, 1997.
21
R IT,pnni ~ r. M::I 1 b"r~
22 LEONIS C. MALBURG, ayor
23 ATTEST:
24 s/Bruce V. Malkenhorst
BRUCE V. MALKENHORST, city Clerk
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STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, BRUCE V. MALKENHORST, city Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 6947 was duly adopted by the city Council of the
city of Vernon at a regular meeting of the City Council duly held
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on Tuesday, May 6, 1997, and thereafter was duly signed by the
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Mayor of the city of Vernon.
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12 (SEAL)
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~/Rrl1(,p" M,qlkE'nhorst
BRUCE V. MALKENHORST, City Clerk
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CERTIFICATE
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) ~
CITY OF VERNON )
I, Gloria. J. Orosco, Chief Deputy City Clerk of the City of
Vernon, County of Los Angeles, State of California, do hereby
certify that the attached is a true and correct copy of:
Resolution No. 6947 - A Resolution of the City Council
of the City of Vernon Approving and Authorizing the
Execution of an Agreement to Pool 1959 Survivor
Benefits, Assets, and Liabilities Between the Board of
Administration of the Public Employees' Retirement
System and the City Council of the City of Vernon.
The original of same is on file in the office of the City
Clerk of the City of Vernon, said offices being in the City of
Vernon, County of Los Angeles, State of California.
IN WITNESS HEREOF, I have hereunto set my hand and affixed
the Official Seal of the ,City of Vernon, County of Los Angeles,
State of ~alifornia, this 7th day of May, 1997.
SEAL:
Clerk
:Crtficat
BRUCE V. MALKENHORST
City Administrator/City Clerk
FAX: (213) 581-7924
CITY HALL
DAVID B, BREARLEY
City Attorney
FAX: (818) 330-5818
KEVIN WILSON
Director of Community Services & Water
FAX: (213) 58B-2761
KENNETH J, DeDARIO
Director of Light & Power
FAX: (213) 583-1983
DAVE TELFORD
Fire Chief
FAX: (213) 581-1385
LOUIS ROSENKRANTZ
Police Chief
FAX: (213) 581-1178
CITY COUNCIL
LEONIS C. MALBURG
Mayor
Wm. "BILL" DAVIS
Councilman
THOMAS A, YBARRA
Mayor Pro-Tern
H, "LARRY" GONZALES
Councilman
W. MICHAEL McCORMICK
Councilman
4305 SANTA FE AVENUE, VERNON, CALIFORNIA 90058
TELEPHONE (213) 583-8811
May 7, 1997
CALIFORNIA PUBLIC EMPLOYERS
RETIREMENT SYSTEM
Actuarial & Employer Services Division
P.O. Box 942709
Sacramento, CA 94229-2709
ATT: Ms. S. Dawn Evans, Employer Rep.
Public Agency Contract Services
Dear Ms. Evans:
In accordance with your letter of April 4, 1997, I have enclosed the
following documents:
1. An original signed certified Resolution of Intention
(City of Vernon Resolution No. 6946,
2. An original signed "Certification of Compliance with
Government Code Section 7507," and
3. An original signed "Certification of Governing Body's
Action.
As other relative documents are approved they will be submitted to you.
If you have any questions please do not hesitate to contact me.
Very truly yours,
CITY OF VE~NON 12
~~}~~t~
c c: pg~~ 'r'11e
Reso. #6946
: FormLtr
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CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
J.
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
I hereby certify that in accordance with Section 7507 of the Government Code the future annual
costs as determined by the System Actuary and/or the increase in retirement benefit(s) have been
made public at a public meeting of the . e ~ ~d
(gOV~ body)
of the e1y ~bli~~
on aI-Ad rJdJ.. /997 which is at least two weeks prior to the adoption of the
(date) ,/
Resolution/Ordinance.
~
Clerk/Secretary
Q.~
f
tHI!F DEPUTY CITY ClERIC
Title
Date 1rJay- ~ L99}
PERS-CON-12A (rev. 1/96)
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P,O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
CERTIFICATION OF GOVERNING BODY'S ACTION
1 hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
~
~
(governing body)
~liC~ge~~
of the
on '!yz!iIJ, ~.) 1997
Gt date)
Clerk/Secretary
\
CHIEF DEPUTY CITY CL[,.d(
Title
PERS-CON-12 (rev, 1/96)
CERT~FICATE
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) ~
CITY OF VERNON )
I, Gloria. J. Orosco, Chief Deputy City Clerk of the City of
Vernon, County of Los Angeles, State of California, do hereby
certify that the attached is a true and correct copy of:
Resolution No. 6946 - 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
and the City Council of the City of Vernon.
The original of same is on file in the office of the City Clerk of
the City of Vernon, said offices being in the City of Vernon,
County of Los Angeles, State of California.
IN WITNESS HEREOF, I have hereunto set my hand and affixed
the Official Seal of the City of Vernon, County of Los Angeles,
State of California, this 7th day of May, 1997.
SEAL:
Clerk
:Crtficat
1
RESOLUTION NO. 6946
1.
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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 AND THE CITY COUNCIL OF THE
CITY OF VERNON
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WHEREAS, the Public Employees' Retirement Law permits the
participation of public agencies and their employees in the Public
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Employees' Retirement System (PERS) by the execution of a
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contract, and sets forth the procedure by which said public
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agencies may elect to subject themselves and their employees to
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amendments to said Law; and
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WHEREAS, the Board of Administration of the PERS and the
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City of Vernon ~ntered into a contract dated October 23, 1948,
effective November 1, 1948, which provides for participation of
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the City of Vernon and its employees in the PERS, and have made
amendments to said contract effective April 1, 1956, October 1,
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1960, July 1, 1966, October 1, 1972, May 1, 1974, November 1,
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1975, December 1, 1976, March 1, 1979, July 6, 1986, October 17,
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1986, September 7, 1990, January 19, 1991, and September 21, 1991,
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December 24, 1993, and October 30, 1994; and
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WHEREAS, one of the steps in the procedure to amend this
contract is the adoption by the governing body of the public
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agency of a resolution giving notice of its intention to approve
an amendment to said contract, which resolution shall contain a
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summary of the change proposed in said contract; and
WHEREAS, pursuant to Government Code section 20471, the
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amendment to the contract must be adopted by ordinance not less
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1 than twenty (20) days following approval of the resolution of
2 intention; and
3 WHEREAS, the following is a statement of the proposed
4 change: To amend the PERS contract pursuant to Government Code
5 section 21573, to provide third level of 1959 survivors benefits
6 for local fire members only; and
7 WHEREAS, the "Amendment to the Contract Between the Board
8 of Administration of the public Employees' Retirement System and
9 the City Council of the city of Vernon" restates the original
10 Contract as amended and makes the followlng changes:
11 1. Because of amendments and reorganization of the
12 Government Code sections pertaining to PERS, the section
13 numbers cross-referenced in the Contract have been
14 changed;
15 2. section 7.a. of the Contract has been amended to delete
16 local fire members and section 7.e. has been amended to
17 add local fire members;
18 3. section 10.a. of the contract has been amended to add
19 local fire members; and
20 WHEREAS, an actuarial study was conducted by the
21 California PERS Actuarial and Employer Services Division entitled
22 "Contract Amendment Cost Analysis" dated January 24, 1997, which
23 showed an employer cost increase of $1.50 annually per covered
24 member, but which will result in no current additional cost
25 because of a surplus of assets; and
26 WHEREAS, said actuarial study showed that the cost to
27 each employee will remain at the same cost as for basic coverage
28 or $2.00 per month ($0.93 biweekly); and
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1
WHEREAS, said actuarial study and analysis was made
2 public at the meeting of the city Council of the City of Vernon on
3 April 22, 1997; and
4 WHEREAS, the PERS Board of Administration requires the
5 City of Vernon to submit a "certification of Governing Body's
6 Action" (CON-12) and a "certification of Compliance with
7 Government Code section 7507" (CON-12A) prior to the adoption of
8 the ordinance.
9 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
10 CITY OF VERNON AS FOLLOWS:
11
SECTION 1: The city Council of the city of Vernon does
12 hereby give notice of intention to approve an amendment to the
13 contract between the City Council and the Board of Administration
14 of the PERS, a copy of said amendment being attached hereto as an
15 Exhibit and by this reference made a part hereof.
16 SECTION 2: The City Clerk is directed to place the
17 ordinance approving the contract amendment on the City Council
18 agenda for consideration not less than twenty (20) days following
19 the approval of this resolution.
20 SECTION 3: The city Council of the City of Vernon hereby
21 authorizes the City Clerk or his designee to complete and execute
22 the "certification of Governing Body's Action" and the
23 "certification of Compliance with Government Code section 7507,"
24 copies of which have been submitted concurrently herewith, and to
25 return an executed copy of each with a certified copy of this
26 resolution to S. Dawn Evans, Employer Representative, Public
27 Agency Contract Services, PERS Actuarial and Employer Services
28 Division, P. O. Box 942709, Sacramento, CA 94229-2709.
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SECTION 4: The city Clerk of the City of Vernon shall
2 certify to the passage of this resolution, and thereupon and
3 thereafter the same shall be in full force and effect.
4 APPROVED AND ADOPTED this 6th day of May, 1997.
5 s/Leonis C. Malburg
LEONIS C. MALBURG, Mayor
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ATTEST:
7
s/Bruce V. Malkenhorst
8 BRUCE V. MALKENHORST, City Clerk
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J.
1 STATE OF CALIFORNIA )
) ss
2 COUNTY OF LOS ANGELES )
3 I, BRUCE V. MALKENHORST, city Clerk of the City of
4 Vernon, do hereby certify that the foregoing Resolution, being
5 Resolution No. 6946 was duly adopted by the City Council of the
6 City of Vernon at a regular meeting of the city Council duly held
7 on Tuesday, May 6, 1997, and thereafter was duly signed by the
8 Mayor of the City of Vernon.
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10
s/Bruce V. Malkenhorst
BRUCE V. MALKENHORST, City Clerk
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(SEAL)
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EXHIBIT
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC 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, 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 I, 1975, December 1,1976, March 1, 1979, July 6,1986, October 17,1986,
September 7,1990, January 19, 1991, September 21, 1991, December 24,1993 and October 30,
1994 'which provides for participation of Public Agency in said System, Board and Public
Agency hereby agree as follows:
A.' Paragraphs 1 through 12 are hereby stricken from said contract as executed effective
October 30, 1994, and hereby replaced by the following paragraphs numbered 1 through
12 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 55 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 all amendments to said Law hereafter enacted
except those, which by express provisions thereof, apply only on the election of a
contracting agency.
r.~ ~..._~~. r ~
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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).
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 21354 of said Retirement Law (2% at age 55 Full),
6. The percentage 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 21362 of said Retirement Law (2% at age 50 Full),
7, Public Agency elected and elects to be subject to the following optional
prOViSIOns:
a, Section 21571 (Basic Level of 1959 Survivor Benefits) for local police
members only.
b. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance),
c. Section 21024 (Military Service Credit as Public Service), Statutes of
1974.
d. Section 20042 (One- Year Final Compensation).
e. Section 21573 (Third Level of 1959 Survivor Benefits) for local
miscellaneous members and local fire members only,
f. Section 21548 (Pre-Retirement Optional Settlement 2 Death Benefic) for
local miscellaneous members and local fire members only.
r'LEr :4'"0 r.~ ~'....~ ~ r. .", .....
'",";:'\:
8, Public Agency, in accordance with Government Code Section 20790, ceased to be
an "employer" for purposes of Section 10834 effective on November 1, 1975.
Accwnulated contributions of Public Agency shall be fixed and detem1ined as
provided in Government Code Section 20834, and accumulated contributions
thereafter shall be held by the Board as provided in Government Code Section
20834.
9. Public Agency shall contribute to said Retirement System the contributions
determined by actuarial valuations of prior and future service liability with respect
to local miscell.aneous members and local safety members of said Retirement
System,
10. Public Agency shaIl also contribute to said Retirement System as foIlows:
a. Per covered member, $1.50 per month on account of the liability for the
1959 Survivor Benefits provided under Section 21573 of said Retirement
Law, (Subject to annual change,) In addition, all assets and liabilities of
Public Agency and its employees shaIl be pooled in a single account,
based on term insurance rates, for survivors of all local miscellaneous
members and local fire members,
b. A reasonable amount, as fixed by the Board, payable in one installment
within 60 days of date of contract to cove:: 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 an10unt, as fixed by the Board, payable in one installment 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.
11, 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.
E'(lC~; j' r', ,.,.. - ~,,:,"~'~-.~ ~~;-~,,~",..n',~~;~ rl~~~~":U
PL /."...... ,:. .. .... ... L.;d.--,,' .IL.~.
a-,.....I.:. U' \"" .... '00'" "'" ~ ~ .
12. 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
!
day of
,19_,
c
BOARD OF ADMINISTRATI()N
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
~' :t
CITY COUNCIL
OF THE
CITY OF VERNON
~,.
BY
PRESIDING OFFICER
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BY
KENNETHW. MARZI<?N, CHIEF
ACTUARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEE,S' RETIREMENT SYSTEM
f.;' <(;."
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Vlitness Date
Attest:
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Clerk
AMENDMENT
PERS-CON-702A (Rev, 8\96)
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O, Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
of the
(governing body)
(public agency)
on
(date)
Clerk/Secretary
Title
PERS-CON-12 (rev. 1/96)
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
J.
CERTIFICA TION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
I hereby certify that in accordance with Section 7507 of the Government Code the future annual
costs as determined by the System Actuary and/or the increase in retirement benefit(s) have been
made public at a public meeting of the
(governing body)
of the
(public agency)
on
which is at least two weeks prior to the adoption of the
(date)
Resolution/Ordinance.
Clerk/Secretary
Title
Date
PERS-CON-12A (rev. 1/96)
/
AGREEMENT
TO POOL
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM.
AND THE
CITY COUNCIL
OF THE
CITY OF VERNON
WHEREAS, Government Code Section 21573 provides for a single employer rate to be
established to provide benefits under said Section on account of members
employed by contracting agencies electing to include the provision of said Section
in their contracts; and ~
WHEREAS, Government Code Section 21573, requires pooling of all assets and liabilities of all
contracting agencies subject to said Section;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Vemon and its
covered employees shall be pooled pursuant to the provisions of Government Code
Section 21573.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF VERNON
BY BY ,/'
KENNETH W. MARZION, CHIEF P DING OFFICER ~YOR ".~ ~
ACTUARIAL & EMPLOYER SERVICES DIVISION Leon~ C. al ~ ~ ...
PUBLIC EMPLOYEES' RETIREMENT SYSTEM ATTEST: /'1- . _
Bruce V. Malkenhorst
City Clerk
Date 11/'7 ;' eR,I /- '197 .
PERS-CON-59 (Rev. 7/96)
CITY COUNCIL
LEONIS c. MALBURG
Mayor
BRUCE V. MALKENHORST
City Administrator/City Clerk
FAX: (213) 581-7924
CITY HALL
DAVID B, BREARLEY
City Attorney
FAX: (818) 330-5818
KEVIN WILSON
Di~tor of Community Services & Water
FAX: (213) 588-2761
KENNETH J, DeDARIO
Director of Light & Power
FAX: (213) 583-1983
DAVE TELFORD
Fire Chief
FAX: (213) 581-1385
LOUIS ROSENKRANTZ
Police Chief
FAX: (213) 581-1178
Wrn, "BILL" DAVIS
Councilman
THOMAS A. YBARRA
Mayor Pro-Tern
H. "LARRY" GONZALES
Councilman
W. MICHAEL McCORMICK
Councilman
4305 SANTA FE AVENUE, VERNON, CALIFORNIA 90058
TELEPHONE (213) 583-8811
May 6, 1997
VIA FACSIMILE & MAIL
city Clerk
Attention: Gloria Orosco
Chief Deputy City Clerk
4305 Santa Fe Avenue
Vernon, California 90058-0805
Re: Documents to be Processed.. Prior to Approval' of PERS
Contract Amendment
Dear Ms. Orosco:
On April 17, 1997, Joan Francone sent a memo to the City
Administrator to which were attached several documents including
the following:
1. Form CON-12, Certification of Governing Body's Action
2. Form CON-12A certification of Compliance with Government
Code section 7507
3. Agreement to Pool 1959 Survivor Benefits Assets and
Liabilities
Copies of those documents are attached, but have also been
included with the execution copies of the resolutions.
A letter from PERS dated April 4, 1997, instructs the City of
Vernon that these three documents along with a Resolution of
Intention must be processed and sent .to PERS prior to adopting an
ordinance amending the PERS contract. That letter also cites
Government Code Section 20471 which specifies that "Approval of the
contract shall be by ordinance adopted by the affirmative vote of
a majority of the members of the governing body, not less than 20
days after the adoption of the 'resolution of intention....n
*
Ms. Gloria Orosco
May 6, 1997
Page 2
Forms CON-12 and CON-12A are the same forms which were
required when the 1994 PERS Contract Amendment was processed. The
Pooling Agreement is a new document which has been developed to
implement a provision originally contained in Government Code
Section 21382.4(f) effective in 1985 and carried over into the
reorganized PERS provisions as Government Code section 21573(g):
"All assets and liabilities of all contracting
agencies subject to this section, and their employees, on
account of benefits provided under this article shall be
pooled into a single account, and a single employer rate
shall be established to provide benefits under this
section on account of members employed by a contracting
agency which is subject to this section."
Directions for processing documents have been included in many
resolutions as a matter of practice. If you prefer not to have
such instructions in the resolutions, they can hereafter be
included in a cover letter.
At the request of your office, contracts are normally
submi tted concurrently. For that reason the agreement pooling
assets was not attached to Resolution No. 6947. A copy of the PERS
Contract Amendment is attached to Resolution No. 6946 only because
the same procedure has been followed with all previous amendments.
If you have any questions, please give me a call.
Respectfully,
O:~~d' J;;-~
j('Davl Fl~z~imons
Attorney
JDF:nc
Enclosures
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
ofthe
(governing body)
(public agency)
on
( date)
Clerk/Secretary
Title
PERS-CON-12 (rev. 1/96)
AGREEMENT
TO POOL
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL.
OF THE
CITY OF VERNON
WHEREAS, Government Code Section 21573 provides for a single employer rate to be
established to provide benefits under said Section on account of members
employed by contracting agencies electing to include the provision of said Section
in their contracts; and
WHEREAS, Government Code Section 21573, requires pooling of all assets and liabilities of all
contracting agencies subject to said Section; .
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Vernon and its
covered employees shall be pooled pursuant to the provisions of Government Code
Section 21573.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF VERNON
BY BY
KENNETH W. MARZION, CHIEF PRESIDING OFFICER
ACTUARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Date
PERS-CON-59 (Re\'. 7/96)
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC 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, 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,l7, 1986,
September 7, 1990, January 19, 1991, September 21, 1991, December 24, 1993 and October 30,
1994 which provides for participation of Public Agency in said System, Board and Public
Agency hereby agree as follows:
A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective
October 30, 1994, and hereby replaced by the following paragraphs numbered 1 through
12 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 55 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 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).
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 21354 of said Retirement Law (2% at age 55 Full).
6. The percentage 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 21362 of said Retirement Law (2% at age 50 Full).
7. Public Agency elected and- elects to be subject to the following optional
.provisions:
a. Section 21571 (Basic Level of 1959 Survivor Benefits) for local police
members only.
b. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance).
c. Section 21024 (Military Service Credit as Public Service), Statutes of
1974.
d. Section 20042 (One-Year Final Compensation).
e. Section 21573 (Third Level of 1959 Survivor Benefits) for local
miscellaneous members and local fire members only.
f. Section 21548 (Pre-Retirement Optional Settlement 2 Death Benefit) for
local miscellaneous members and local fire members only.
- 8. Public Agency, in accordance with Government Code Section 20790, ceased to be
an "employer" for purposes of Section 20834 effective on November 1, 1975.
Accumulated contributions of Public Agency shall be fixed and determined as
provided in Goverrunent Code Section 20834, and accumulated contributions
thereafter shall be held by the Board as provided in Government Code Section
2084.
9. 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.
10. Public Agency shall also contribute to said Retirement System as follows:
a. Per covered member, $1.50 per month on account of the liability for the
1959 Survivor Benefits provided under Section 21573 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 and local fire members.
b. A reasonable amount, as fixed by the Board, payable in one installment
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 installment 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.
11. 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.
i
12. 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 day of , 19 41'.
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF VERNON
BY ~ - BY
KENNETH . MARZION, CHIEF P SI ING OFFICER Leonis C. Malburg
ACTUARIAL & EMPLOYER SERVICES DIVISION Mayor
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
~3 ~ 9'
Wi ss Date
Attest:
Clerk Bruce V. Malkenhorst
City Clerk
APPROVED AS TO FORM
ot~ _ ~ - -
David B. Brearley
City Attorney
~~~t~N~°
PE&t5-CON-702A (itev. ~\96)
AGREEMENT
TO POOL
1959 SURVIVOR BENEFITS ASSETS ANI) LIABILITIES
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF VERNON
WHEREAS, Government Code Section 21573 provides for a single employer rate to be
established to provide benefits .under said Section on account of members
employed by contracting agencies electing to include the provision of said Section
in their contracts; and \
WHEREAS, Government Code Section 21573, requires pooling of all assets and liabilities of all
contracting agencies subject to said Section;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Vernon and its
covered employees shall be pooled pursuant to the provisions of Government Code
Section 21573.
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF VERNON
BY BY
KENNE W. MARZION, CHIEF P DING OFFICER MAY R
ACTUARIAL & EMPLOYER SERVICES DIVISION Leoni C. al
PUBLIC EMPLOYEES' RETIREMENT SYSTEM ATTEST:
Bruce V. Malkenhorst
Date C~ty Clerk
PERS-CORT~59 (Rev. `7/96)
~PERS
Actuarial & Employer Services Division
P.O. Box 942709
Sacramento, CA .94229-2709
Telecommunications Device for the Deaf.- (916) 326-3240
(916)326-3420 FAX (9I6) 658-1586
August 21, 1997 Employer Code #0209
Reply to Section 230
Ms. Joan Francone .
-Risk Manager
City of Vernon
4305 Santa Fe Avenue
Vernon, CA 90059
Dear Ms. Francone:
-The contract amendment and 1959 Survivor Agreement has been executed by Ca1PERS. The
effective date of the contract amendment is July 18, 1997.
If you have any questions regarding your contract, please do not hesitate to contact
S. Dawn Evans, Employer Representative, at (916) 326-3624.
Sincerely,
~ Marlene Schultz
Public Agency Contract Services
MS:br
Enclosure
C0308 (Rev. 2/97)
California Public Employees9 itetirement System
Lincoln Plaza - 400 PStreet -Sacramento, CA 95814