HomeMy WebLinkAboutReso. 1976-132 - Declaring intention to approve amendment to the contract between City Council and Board of Administration of the Public Employees' Retirement SystemRESOLUTION NO. `/Z -/JL
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
DECLARING ITS INTENTION TO APPROVE AN AMENDMENT TO THE
CONTRACT BETWEEN THE CITY COUNCIL AND THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM.
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 procedure to amend this
contract is the adoption by the legislative 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:
Provides service credit up to four years for any continuous
military or merchant marine service.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Redding does hereby give notice of its intention to
approve an amendment to the contract between said governing body
and the Board of Administration of the Public Employees' Retirement
System, a copy of said amendment being attached hereto as "Exhibit A"
and by this reference made a part hereof.
I HEREBY CERTIFY that the foregoing Resolution was intro -
an adjourned
duced and read on the 25th day of October, 1976, at./ regular
meeting of the City Council of the City of Redding, and was duly
adopted at said meeting by the following vote:
AYES: COUNCILMEN: Anderson, Demsher, Gard' Pugh, and Fulton
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
ATTEST: D ' F
LE .D. FU TON, M.D.
Mayor of . the City of Redding
'-MILDRED L. BRAYTON,' Ci-ty Cldrk
'/ .q
FORM APPROVED: QN.
e4,r-J(-17 1g,
RL D. MURPHY, Citfy A orney
4 C�
.✓, IDIENT TO CONTRACT BE ETV n1E
BOARD OF ADMINISTRtTION
f PUBLIC F.I1_I'LO sS ItL T C1 I�iLidT S'YSM4
AND THE
CITY. COUNCIL
OF ME
CITY OF P,EDDING
The Board of Administration, Public Knployeest Retirement System, hereinafter
referred to as Board and the CI1X COUNCIL of the CITY OF BEDDING, hereinafter re-
ferred to as Public Agency, hav:big entered into a contract under date of December
81 1953, effective January 19 1954, and as amended effective October 1, 19569
June 1, 1962, March 21, 1965, October 27, 19609 Januai% 1, 1969, December 19, 19719
and February 1, 1974, which provide for participation of Public Agency in Said
System, Board and Public Agency hereby agree as follows:
Ao The follot•ring subparagraph shall be added to Paragraph 5 of said
contract:
5.(e) Section 20930,3 (providing service credit up to four years
for any continuous military or merchant marine se -,vice for
persons who are members because of employment by Public Agency).
Bo Paragraph 5.5 shall be added to said contract.-
5-5
ontract:
5.5 Public Agency, in accordance with Section 2074.0, Government
Code, shall cease to be an "employer" for purposes of Chapter
6 of the Public 111nployees t Retirement Late effective as of
the effective date of this amendment to this contract.
Accumulated contributions of the Public Agency as of the date
of such amendment shall be fixed and determined as provided
in Section 20759, Government Code, and such accumulated
contributions and contributions hereafter made shall be held
by the Board as provided in Section 20759, Government Code„
.C. Paragraph 6 (a) shall be stricken from said contract and the follot
paragraphs shall be substituted therefor:
6., Public Agency sha11 contribute to said Retirement System as
follows
a. With respect to miscellaneous members, the Public Agency
shall contribute the folloi.=-; percentages of monthly
salaries earned as miscellaneous members - of said . System: t....,::.f.f
(1) 0.807 percent until. June 30, 2000 on account of the
liability for prior service benefits.
(2) 70776 percent on account of the liability for current
service benefits.
Ret. Form 702-1
i
J �
(3) 0.080 percent on account of the liability for the 1959
Survivors program.
(4) 0.170 percent for ten (10) years from February 19 197+
to provide the benefits under Section 21222.1 of the
Government Code.
D. This amendment shall be attached to said contract and shall become
effective on the day of.
Witness our hands this day of
OF CiT UJUNICIL
YJDLIC EMM-_IT0iiES1 RE=UI1T SYSTF2I OF TI:
CITY OF REDD=
BY
Carl J. Plechinner9 Executive Officer
Approved as to form:
n
BY l
Presiding Officer
Attest:
Clerk
Ret. Form 702-2
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy
of a Resolution adopted by the CITY COUNCIL
(Governing Body)
of the CITY OF RF..DDING
(Name of Public Agency)
on, appearing at Page
(Date)
Volume of the (Minutes) (Official Records) of the
CITY COUNCIL
(Governing Body)
CITY CLERK or
Secretary of the Board
PERS-ACT-12 (11/71)