0867.pdfRESOLUTION NO.: 867
RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO THE CONTRACT BETWEEN THE BOARD
OF ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM AND THE CITY
COUNCIL CITY OF ROLLING HILLS.
WHEREAS, 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; and
WHEREAS, one of the steps in the procedures 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 21624, 21626 and 21628 (Post -Retirement
Survivor Allowance) to local miscellaneous members.
NOW, THEREFORE, BE IT RESOLVED that the governing body of the above
agency does hereby give notice of intention to approve an amendment to the contract between
said public agency and the Board of Administration of the Public Employees' Retirement
System, a copy of said amendment being attached hereto, as an "Exhibit" and by this reference
made a part hereof.
APPROVED AND ADOPTED THIS 12TH D F JULY,
THOMAS F. HEINSHEIMER
MAYOR
ATTEST:
MA L. ERN, DEPUTY CITY CLERK
STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES ) ��
CITY OF ROLLING HILLS
I certify that the foregoing Resolution No. 867 entitled:
RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO THE CONTRACT BETWEEN THE BOARD
OF ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM AND THE CITY
COUNCIL CITY OF ROLLING HILLS.
was approved and adopted at a regular meeting of the City Council on July 12, 1999 by the
following roll call vote:
AYES: Councilmembers Hill, Murdock, Mayor Pro Tem Pernell and
Mayor Heinsheimer.
NOES: None.
ABSENT: Councilmember Lay.
ABSTAIN: None.
and in compliance with the laws of California was published at the following:
Administrative Offices
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Resolution No. 867 -1-
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Califomla
Public Employees' Retirement System
AIVIEND INTI TO CO-PNTRACT
Between the
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of Rolling Hills
M. - t. . -- _ .
The Board of Administration, Califomia- 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 March
1, 1974, and witnessed January 14, 1974 which provides for participation of Public
Agency in said System, Board and Public Agenoy hereby agree as follows:
A. Paragraphs 1 through 7 are hereby stricken from said contract as executed
effective March 1, 1974, and hereby replaced by the following paragraphs
numbered 'I through 10 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.
2. Public Agency shall participate in the Public Employees' Retirement
System from and after March 1, 1974 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.
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3. Employees of Public Agency in the following classes shall become m
members of said Retirement System except such in each such class as loco
are excluded by law or this agreement:
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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, ALL.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 shall
be determined in accordance with Section 21353 of said Retirement Law
subject to the reduction provided therein for Federal Social Security (2% at
age 60 Modified and Full).
B. Public Agency elected and elects to be subject to the following optional
provisions:
a. Sections 21624, 21626 and 21628 (Past Retirement Survivor
Allowance).
7. 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.
8. Public Agency shall also contribute to said Retirement System as follows:
a. 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.
b. 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.
9. Contributions required of Public Agency and its employees shall be
subject to adjustment by Board on account of amendments to the Public
Employees' Retirement Low, and on account of the experience under the
Retirement System as determined by the periodic Investigation and
valuation required by said Retirement Law.
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.
B. This amendment shall be effective on the /. k day of
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
8Y 1h Md
KN H MARZ N, CHIEF
A RIA &EMPLOYER SERVICES DIVISION
PUBLIG E PLOYEES' RETIREMENT SYSTEM
AMENDMENT
PERS-CON-702A (Rev. 8198)
CITY COUNCIL
CITY OF ROLLING HILLS
BY .
P ES I R
Auvust 23. 1999
Witness Date
Attest:
rpt+
Clerk's
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