The URL can be used to link to this page

Home My WebLink About90-17 CC OrdinanceORDINANCE NO. 90-17 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TEMECULA AUTHORIZING A CONTRACT BETWEEN THE CITY OF TEMECULA AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM THE CITY COUNCIL OF THE CITY OF TEMECULA DOES ORDAIN AS FOLLOWS: SECTION 1. That a Contract between the City Council of the City of Temecula and the Board of Administration California Public Employees' Retirement System is hereby authorized, a copy of said Contract being attached hereto, marked "Exhibit A", and by such reference made a part hereof as though herein set out in full. SECTION 2. The Mayor of the City Council is hereby authorized, empowered, and directed to execute said Contract for and on behalf of said Agency. SECTION 3. This Ordinance shall take effect 30 days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof shall be published at least twice in the Californian, a newspaper of general circulation, published and circulated in the City of Temecula and thenceforth and thereafter the same shall be in full force and effect. PASSED, APPROVED AND ADOPTED, this 30th day of October, 1990. Ronald J. Parks, Mayor ATTEST: June~k, Deputy City Clerk [SEAL] Odds 90-17 STATE OF CALIFORNIA) COUNTY OF RIVERSIDE) SS CITY OF TEMECULA ) I, June S. Greek, Deputy City Clerk of the City of Temecula, do hereby certify that the foregoing Ordinance No. 90-17 was duly introduced and placed upon its first reading at a regular meeting of the City Council on the 9th day of October, 1990, and that thereafter, said Ordinance was duly adopted and passed at a regular meeting of the City Council on the 30th day of October, 1990, by the following vote, to wit: AYES: 5 COUNCILMEMBERS: Birdsall, Lindemans, Mufioz, Moore, Parks NOES: 0 COUNCILMEMBERS: None ABSENT: 0 COUNCILMEMBERS: None ju~~k, ~Deput-~y ~ity~'l~j Odds 90-17 * * ~ COPY PUBLIC !~[PLOY]~S' R]~IR.!~]~ S¥ST!~4 CI?Y COUNCIL OF CIT~ OF ?~ EXHIBIT A In consideration of the covenants and agreement hereafter contained and on the part of both parties to be kept and performed, the governing body of above public agency, hereafter referred to as "Public Agency'°, and the Board of Administration, Public Employees' Retirement System, hereafter referred to as "Board", hereby agree as follows: 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. Public Agency shall participate in the Public Employees' Retirement System from and after 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. 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: Employees other than local safety members (herein referred to as local miscellaneous members). 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: a. SAFE'i~I EI~PLOYEES. *** COPY *** 6 o 8. (D The percentage of final compensation to be provided for each year of credited prior and current service as a ~ocal miscellaneous member shall be determined in accordance with Section 21251.13 of said Retirement Law (2% at age 60 Full). Public Agency elected to be subject to the following optional provisions: a. Section 20024.2 (One-Year Final Compensation). bo Sections 21263, 21263.1 and 21263.3 (Post-Retirement Survivor Allowance). Sections 21380-21387 (1959 Survivor Benefits) including Section 21382.2 (Increased 1959 Survivor Benefits). 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 of said Retirement System. Public Agency shall also contribute to said Retirement System as follows: 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. 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. 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. COPY 10. 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. BY BOARD OF ADMINISTRATION (~T PUBLIC EMPLOYEES' RETIREMENT EM CHIEF, CONTRACtSERVICES DIVISION PUBLIC EMPLOYES' RETIREMENT SYSTEM PERS-CON-702 (NEW AGENCY) (Rev. 5/89) CITY COUNCIL OF THE CITY OF TEMECULA BY Presiding Officer Witness Date Attest: Clerk BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM Public Agency Contract Services Contract Services Division - Section 220 P.o. Box 942709 Sacramento, CA 94229-2709 Telephone (916) 326-3420 326-3000 (Telecommunications Device for the Deaf) EXHIBIT B CONTRACT OF CITY OF TEMECULA WITH THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM FOR MAKING AN ACTUARIAL VALUATION AS STATED f~EIN By this AGREEMENT made this 5th day of July , 19 90 , in accordance with and subject ~o th~ provisions of the Public Employees' Retirement Law by and between the Uity Uouncil of the city of Temecula , hereinafter referred to as Agency, and the Public Employees' Retirement System, hereinafter referred to as System, Agency and System agree as follows: A. Agency herewith retains the services of System to perform the valuation(s) required by Section 20453 of the Public Employees' RetirementsLaw for the purpose of determination by the Board of Administration of the Public Employees' Retirement System of the contributions to be made by Agency if agency adopts a contract with said Board which provides for benefits as described in Attachment A. ~ B. Agenc~ will pay $ 154.00 plus $6.00 per employee to System upon completion of the actuarial valuation, such fee being based on the number of persons and membership categories involved. Any and all data and information requested by System from Agency for use in compilation of this valuation shall be furnished ~o System by Agency upon requestby System. The actuarial tables and p~ocedures to be used in the valuation shall be in accordance with the tables approved by said Board of Administration. System shall have sole control of the valuation and its judgement in the determination thereof shall be final and conclusive. All work sheets and final results and reports, the product of the valuation, shall be and remain the property of the System. Witness our hands the day and year first abo~written. . PUBLIC EMPLOYEES' RETIREMENT SYSTEM , CITY OF TEM~C A NCHIEF, CONTRACT SERVICES PUBLIC EMPLOYEES' RETIREMENT SYSTEM Contract Valuation FCSD-CON-6A C0706A (Rev. 9/89) Publ Employees* Retirement SYstem , ~ : .Public Agency Contract Services *Contra~tlServices Division, Section 220 ~P,O,~.Box~942709 . ~, ' :;* * Sacramentoi*.', CA'* 94229-2709 *V L Telephone.. (916) 326-3420 326-3000 (Telecommunlcat ions ,Device for the Deaf) MISCELLANEOUS Following is a summary of benefits and exclusions which are included In all contracts and a display of benefits and benefit formulas which will be utilized in the actuarial calculation for your agency. Retirement law provides the following benefits in each contract~ .... Three highest years final compensation average* " ;~: · Pre-Retirement Death Benefit - 1957 Survivor Benef'it*'. .... '" ,. ,.' '~ ~,.'' Post-Retirement Death Benefit - $500 lump sum palmerit* ::""' '." You are permitted to contract ~tth PERS by category. This means' that you are not required to include Policeand Fire and Hiscellaneous. "However, all em- ployees in a covered category must be members of the Retirement System unless they are specifically excluded by:the'Government Code as follows~ ~,.~ . , - The appointment or em~loymentlcontract'flxes a term of full-time, continuous employment of slX'months~or'less. - Employees serving on a pact-time basis where his position requires service for less than an average of 20 hours a week. Persons in employment which, in the opinion of the board, is on a seasonal, limited-term~ on-call,'emergency, intermittent, substitute, or other irregular basis until the employee ~orks more than 125 days or 1,000 hours within the fiscal year. CETA employees'hired after July 1, 1979, i[ they are in positions that would otherwise qualify them as PERS miscellaneous members (non-safety). .CETA employees hired into safety positions such as policemen or*firemen are not excluded from PERS membership. "~' '.' *Please refer to the PERS Handbook. FCSD-CON-19M C0712 (Rev. 4/89) -1- · '(See Reverse) DATEI June 26, 1990 !. 0 ENPLOYER CODE AGENCY .NAMEz EXHIBIT COPY COVERAGE'IKEY CITY OF TEMECULA ga~..B~rne~d~no F~ld Office ,, · .., Ran 'Rornardtno~ CA 9~201 ~I SCE~AN~U~ 3,0 4,0 SOC 5,2 5,3 5,4 R~.T I RI.'.NENT COVERAGEs 6 . 2 ACCOUNT .LODE 6 . 3 pR~rOR ~ SERVICE 6.4 MEMBR CONT RATE COVERAGE GROUP cov~E SINCE SEC'i COVERAGE~ :~ ' ill DIVISION DATE TERMINATION DATE EXCLUSIONS 2% @ 60 Full O0 100% 7% 7.0 EMPDOYER CONT, RATE Yes Section 2002~.2 - One-~ear-,Final.,Compensati~;t., ,~, :' ~':~ ri?rt'ii~ Yes. LOCAl. SYSTEM 13.1 MONEY TRNSFRD TO EMPLOYEE*S ACCOUNT 13.2 EMPLOYER MONEY TRNSFRD 13.3 INACTIVES TRNSFRD 13.4 RETIRED hIVES TRNSFRD No FCSD-CON-19M ,C0712 (Rev. 4/89) -2- ,-----PERS Contract Services Division P.O, Box 942709 Sacramento, CA 94229-2709 (916) 326-3420 326-3000 (Telecommunicat ions Device for the Deaf) EXHIBIT C ~Reply to Section'220 .Public Agency Con.tract Services Contract Services ~ivision SUt~4ARY OF MAJOR PROVISIONS 2% @ 60 (1/50) Formula.(Section 21251.13) ; , Local Miscellaneous Members ..~ : SERVICE RETIREMENT ~. ~t .... Members credited with at least five years service may retire upon attaining age 50. There is no compulsory retirement age. The monthly retirement allowance is determined by age at retirement, years of service credit, and final compensation. The basic benefit is 2% of final compensation for each year of credited service upon retirement at .age 60. If retirement is earlier than age 60, the percentage of final.compensation for each quarter year is decreased. If retirement is deferred beyond age 60, the percentage of final compensation for each quarter year of age,~increases to age 63. Final compensation is the average monthly salary (full-time rate excluding overtime) during: 1) the final 36 consecutive months preceeding separation from employment, unless the member designates another 36 consecutive month period; or, 2) if provided by the employer's contract, during the,12 . consecutive months preceeding retirement or separation, unless the member requests another 12 consecutive month period. .., ~, .... ~.. ,j DISABILITY RETIREMENT '; ~i'"~ '= '~'{~ ~ ' ~' ' ' Members permanently incapacitated from performing their duties are eligible for disability retirement if they have at least five years service credit. The monthly retirement allowance is 1.8% of final compensation for each year of service. Employees who have between 10.000 and 18.519. years s,ervice.credit may receive up to one-third of their final compensation. If provided by the employer's contract, the benefit would be a minimum of 30% of final compensation for five years of service credit and 1% of ;final compensation for each additional year of service to a maximum benefit of 50% of final compensation. The disability retirement allowance cannot exceed the allowance payable upon retirement for service at age 60, if employment could be continued to that age. If the member is eligible for serv. ice retirement, ,the service allowance is payable if greater than the disability allowance. INDUSTRIAL DISABILITY RETIREMENT ~ .... ~ ~ .,~,' .,. ,, . If provided by the employer's contract, members permanently incapacitated from performing their duties as a result of a job-related injury or illness receive 50% of their final compensation (or more by additional contract provisions). Employees who enter miscellaneous membership after January 1, 1980, are limited to the amount they would have received for service retirement, had they con- tinued to work until age 63. If the member is eligible for service retirement, the service allowance is payable if greater than the industrial disability allowance. FCSD-CON-44 C10027 {Rev. 7/89) Public Employees' Retirement SysteB Public Agency Contract Services Contract Services Division - Section 220 Post Office Boz 942709 Sac:amento, CA 94229-2709 · ?elsphone (915) 326-3420 326-3000 (?elecommunicationl Device for the Deaf) CERTIFICATION OF CO~PLIANCEW~TH GOVERNMENT CODE SECTION 7507 I hereby certi£y that in accordance with Section 7507 of the C, ove:nment Code the future annual costa as determined by the System Actusry and/or the increase in retl£ement benefit(s) have been ~ade public at a public meeting by the of (gove~ning body) (public agency) at least two weeks prior to the adoption of the final Ordinance/Resolution. Date~ original signature official title PERS-CON-12A (Rev. 11/88) C0601