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Home My WebLink AboutOrdinances - No. 1473* ORDINANCE NO. 1473 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LODI AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF LODI AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM ................................................................................ ________________________________________---------------------------------------- BE IT ORDAINED BY THE LODI CITY COUNCIL AS FOLLOWS: SECTION 1: That an amendment to the Contract between the City Council of the City of Lodi and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment 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 of Lodi is hereby authorized, empowered, and directed to execute said amendment 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 10 days from the passage thereof shall be published at least once in the Lodi News Sentinel, a newspaper of general circulation, published and circulated in the City of Lodi and thenceforth and thereafter the same shall be in full force and effect. Approved this 17th day of January 1990 JOHN R. SNIDER Mayor Attest: beputy City Clerk for ALICE M. REIMCHE City Clerk State of California County of San Joaquin, ss. I, Alice M. Reimche, City Clerk of the City of Lodi, do hereby certify that Ordinance No.1473 was introduced at a regular meeting of the City Council of the City of Lodi held December 20, 1989, and was thereafter passed, adopted and ordered to print at a regular meeting of said Council held January 17, 1990 by the following vote: Ayes : Noes: Council Members - None Absent: Council Members - None Abstain : Council Members - None *Council Members - Hinchman, 0 ml , Pinkerton, Reid and Snider (Mayor) I further certify that Ordinance No. 1473 was approved and signed by the Mayor on the date of its passage and the same has been published pursuant to law. .1 \. -1:. ]*!,~');,c~&f~,'L <' i..i Y) a ~.PL~, :>..;\i,,'yL~ S~NNIFE~M. PERRIN Deputy City Clerk for ALICE M. REIMCHE City Clerk Approved as to Form BOBBY W. McNATT City Attorney ORD1473/TXTA.OZJ AIIENWHT 20 CONTRACT ..- .\ BElWEEN THE WARD OF ADMINISTRATION . .. r ;-a i ., OF THE PUBLIC EMPLOYEES' RJ?I'IRFX€%"I' SYSTEM AND THE .. ,- e j ,<: c w< CI'I'Y COUNClL 5 '+- '.-- OY THE CITY OF LODI Tile BoarU of Adniinistration, Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of above public agency, hereinafter referred to a5 Public hgency, having entered into a contract effective Jurie 1, 1966, and witnessed April 27, 1966, and as amended effective May 1, 1970, July 1, 1973 and July 1, 1977, which provides for participation of Public Agency in said System, Boa1.d and Public Agency hereby agree as follows: h. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective July 1, 1977, arid hereby replaced by the following paragraphs numbered 1 through 12 Inclusive: 1. A11 words and terms used erein in 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 locbl miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after June 1, 1966 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 contract- ing 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 t@ as local safety members); c. Employees other thar, local safety members (herein referred to as local miscellaneous members). a *** CUPY *** 4. ln addition to :lie classes c.f employees excluded from membership by said Retirement Lab:, :I)€ :;!Loring classes of employees shall not become menibers of said Rttirenient System: a. PERSONS COMPENSATED ON AN HOURLY BASIS WHO b. ELECTIVE OFFICIALS. ARE ElRED JUNE 1, 1966 OR TBWWER: AND 5. hssets heretofore accumulated with respect to members in the local retirement system have been transferred to the Public Employees' Retirement System and applied against the liability for prior service incurred thereunder. That portion of the assets so transferred representing the accumulated contributions (plus interest thereof) .-- & required of the employees under said local system has been credited to \ the individual membership account of each such employee under the 3 0 Public Employees' Retirement System. The percentage of final compensarion to be provided for local miscellaneous members for each year of credited prior and current service shall be determilled in accordance with Section 21251.13 of said Retirement Law subject to the reduction provided therein for service prior to June 30, 1977, termination of Social Security, for members whose service has been included in Federal Social Security (2% at age 60 Full and Modified). 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 21252.01 of said Retirement Law (2% at age 50 Full). The following additional provisions of the Public Employees' Retirement Law, which apply only upon election of a contracting agency, shall apply to the Public Agency and its employees: a. Section 21361.5 (Local System Service Credit). b. Section 21222.1 (Special 5% Increase - 1970). Legislation repealed said Section effective January 1, 1980. c. Sections 21263 and 21263.1 (Post-Retirement Survivor Allowance) for local miscellaneous members only. d. Sections 21380 - 21387 (1959 Survivor Benefits) excluding Section 21382.2 (Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959 Survivor Benefits) for local fire members only. e. Sections 21380 - 21387 (1959 Survivor Benefits) including Section 21382.2 (Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959 Survivor Benefits) for local miscellaneous members only. f. Sections 21380 - 21387 (1959 Survivor Benefits) including Section 21382.4 (Third Level of 1959 Survivor Benefits) for local police members only. 9. Section 21298 (Increased Non-Industrial Disability Allowance) for local miscellaneous members only. 9. Public Agency, in accordance with Government Code Section 20740, ceased to be an "employer" for purposes of Section 20759 effective on July 1, lP77. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20759, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20759. 10. Public Agency shall contribute to said Retirement System as follows: a. With respect to local miscellaneous members, the agency shall contribute the following percentages of salaries earned as members of said Retirement System: (1) 0.876 percent until June 30, 2000 on account of the 5- liability for prior service benefits. (Subject to annual 2 change. ) 0 :. r, (2) 7.339 percent until June 30, 2000 on account of the 2? h liability for current service benefits. (Subject to annual :> change. ) - -h' -1- t. With respect to local safety members, the agency shall contribute the following percentages of salaries earned as members of said I ,- .y '/.? Retirement System: (1) 4.664 percent until June 30, 2000 on account of the liability for prier service benefits. (Subject to annual change. ) (2) 13.056 percent untii June 30, 2000 on account of the liability for current service benefits. (Subject to annual change. ) c. Public Agency shall conrrioute $2.50 per employee, per month on account of the liability for the 1959 Survivor Benefits provided under Section 21382.4 of said Retirement Law. (Subject to annual change.) 1n additioij, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for beneficiaries of all local miscellaneous members and local police members. i a** COPY *** i d. A reasonable arnouri~, 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. e. A reasonable amount, as fixed by the Board, payable in one iri- stallment as the occasions arise, to cover the costs of special valuations on accouT~t of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 11. Contributions required GI Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement Lav, and on account of the experience under the Retirement System as determined by the periodic investigation and valuation required by said Retirement Law. 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 Boai-d regulation. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be maoe in connection with subsequent remittances. Adjustments on acccunt 51 erLiirs in contributions required of any employee may be made by clrecc payments between the employee and the Board. B. This amendment shall be effepive on BOARD OF ADMINISTRATION .f\ PUBLIC EMPLOYEES 4 RETIREME~$$'SYSTEM ,-+ .-., I - v .-\ c.;. EY rl. .:' CHIEF, CONTRACY'.SERVICES DIVISION PUBLIC EMPLOYE+* RETIREMENT s: \ STEM P. the day of & F CITY COUNCIL. OF THE CITY OF LODI 8 .k I+ 2: .cy - BY Presiding Officer -\ . :. .\ .. J '+ A. Witness Date .!+ < 8 Attest: PERS-CON-702 (AMENDMENT) (Rev. 6/88)