HomeMy WebLinkAbout09_026 CC Resolution' RESOLUTION NO. 09-26
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA, DECLARING ITS INTENTION TO
APPROVE AN AMENDMENT TO THE CONTRACT
BETWEEN THE CITY COUNCIL OF THE CITY OF
TEMECULA AND THE BOARD OF ADMINISTRATION,
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT
SYSTEM
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE
AS FOLLOWS:
Section 1. The City Council of the City of Temecula does hereby find,
determine and declare that:
A. The Public Employees' Retirement Law permits the participation 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.
B. One of the steps in the procedures to amend this contract is the
' adoption by the governing board 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.
C. There currently exists a contract between the Board of
Administration, California Public Employees' Retirement System and the City Council of
the City of Temecula.
D. The following is a statement of the proposed change to the
Contract: To provide Section 20903 (Two Years Additional Service Credit) for local
miscellaneous members.
Section 2. The City Council of the City of Temecula does hereby give notice of
intention to approve an amendment to the contract between the City Council of the City
of Temecula and the Board of Administration of the Public Employees' Retirement
System, a copy of said amendment being attached hereto, marked EXHIBIT 1 and by
this reference made a part hereof. The Council expects to take final action on said
amendment at its meeting of March 24, 2009.
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LJ
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
Temecula this 24th day of February, 200
ATTEST:
Susan
City CI
[SEAL]
R:/Resos 2009/Resos 09-26
' STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that
the foregoing Resolution No. 09-26 was duly and regularly adopted by the City Council of
the City of Temecula at a meeting thereof held on the 24th day of February, 2009, by the
following vote:
AYES: 5 COUNCIL MEMBERS: Comerchero, Naggar, Roberts,
Washington, Edwards
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
Susan
R:/Resos 2009/Resos 09-26 3
Jones, MMc
City Clerk
' Ca1PERS
EXHIBIT 1
California
Public. Employees' Retirement System
AMENDMENT TO CONTRACT
Between the
board of Administration
California Public Employees, Retirement System
and the
City Council
City of Temecula
UMMMMoMMEMM~ ®MMMMMMMM~
' The Board of .Administration, California. Public Employees' Retirement System,
hereinafter referred to as Board, and the governing body of the above public agency,
hereinafter referred to as Public Agency, having entered into a contract effective
December 1, 1990, and witnessed November 8, 1990, and as amended effective
October 25, 1997, August 24, 2002 and July 10, 2004 which provides for participation of
Public Agency, in said System, Board. and Public Agency hereby agree as follows:
A. Paragraphs 1 through 11 are hereby stricken from said contract as executed
effective July 10, 2004, 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 55 for local miscellaneous members.
2. Public Agency shall participate In the Public Employees' Retirement
System from and after December 1, 1990 making its employees as
hereinafter provided, members of said System subject to all provisions of
the Public Employees' Retirement Law except such as apply oniy 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. -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:
a. SAFETY EMPLOYEES.
5. The percentage of final compensation to be provided for each year of
credited prior and current service as a local miscellaneous member in
employment before and not on or after July 10, 2004 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 miscellaneous member in
employment on or after July 10, 2004 shall be determined in accordance
with Section 21354.4 of said Retirement Law (2.5% at age 55 Full).
' 7. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 20042 (One-Year Final Compensation).
b. Sections 21624 and 21626 (Post-Retirement Survivor Allowance).
C. Section 21574 (Fourth Level of 1959 Survivor Benefits).
d. Section 21024 (Military Service Credit as Public Serv ice).
e.. Section 20903 (Two Years Additional Service Credit).
8. 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.
9. Public Agency shall also contribute to said Retirement System as follows:
a. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21574 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
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.
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 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
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT„,SYSTEM CITY OF TEMECULA
BY BY
LORI MCGARTLAND, CHI- ` PRESIDING OFFICLR
EMPLOYER SERVICE_bMSION `
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Wi ess Date
r 'J
Attest:
Clerk
' AMENDMENT ER# 1522
PERS-CON-702A (Rev. 10105)