HomeMy WebLinkAboutOrdinances - No. 1505ORDINANCE NO. 1505
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,
THEREBY AMENDING LODI MUNICIPAL CODE CHAPTER 2.48
................................................................................ ......................................................
BE IT ORDAINED BY THE LODI CITY COUNCIL AS FOLLOWS:
SECTION 1: Lodi Municipal Code Chapter 2.48 - Retirement System - is hereby
amended as follows:
SECTION 2:
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 3:
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 4:
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 16th day of January 1991
Attest:
Mayor
City Clerk
State of California
County of San Joaquin, ss.
-1-
I, Alice M. Reimche, City Clerk of the City of Lodi, do hereby
certify that Ordinance No.1505 was introduced at a regular meeting of
the City Council of the City of Lodi held December 19, 1990, and wa$
thereafter passed, adopted and ordered to print at a regular meeting of
said Council held January 16, 1991 by the following vote:
Ayes :
Noes : Council Members - None
Absent: Council Members - None
Abstain : Council Members - None
Council Members - Pennino, Pinkerton, Sieglock,
Snider and Hinchman (Mayor)
I further certify that Ordinance No. 1505 was approved and signed by
the Mayor on the date of its passage and the same has been published
pursuant to law.
& h @
ALICE M. REIMCHE
City Clerk
Approved as to Form
BOBBY W. McNATT
City Attorney
ORD1505/TXTA.OIV
c
AGREEMENT
AUTOORIZING TBE RELEASE OF
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
INlO TEE
TEIRD LEVEL 1959 SURVIVOR BWEPIT POOL
BgpwEw TEE
BOARD OF ADMINISTRATION
OF TEE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
ANDTEE
CITY COUNCIL
CITY OF LODI
OF TEE
WHEREAS, the City Council of the City of Lodi has adopted a Resolution of
Intention to include in its contract with the Board of Administration,
Public Employees' Retirement System, pursuant to Government Code
Sections 21380-21387, including Government Code Section 21382.4, the
Third Level of 1959 Survivor Benefits for local miscellaneous members
and local safety members: and
WHEREAS, Government Code Section 21382.4. requires all assets and liabilities
of all contracting agencies subject to this section, and their
employees who are covered by this section, to be pooled into a single
account:
NOW THEREFORE BE IT AGREED: <
Accumulated and/or future contributions required of the :ity of Lodj
and its covered employees are to be released, pursuant to the
provisions of Government Code Section 21382.4. to a single account
re€erred to herein as the Third Level 1959 Survivor Benefits ?001.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF LODI
BY
CHIEF, CONTRACT SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Date i /,P/G,
C0505 (Rev. 4/89)
AGREE1391T
0
AUTEORIZING TEE RELEASE OF
INTO TUE
BETwgw THE
BOARD OF ADMINISTRATION
1959 SURVIVOR BWEPITS ASSETS AND LIABILITIES
THIRD LEVEL 1959 SURVIVOR BENEPIT WOL
OF TEE
PUBLIC ENPLOYEES' RETIREXENT SYSTW
ANDTHE
CITY COUNCIL
OF TEE
CITY OF MDI
WHEREAS, the City Council 0 the City of Lodi has adopted a ?solution of
Intention to include in its contract with the Board of Administration,
Public Employees' Retirement System. pursuant to Government Code
Sections 21380-21387, including Government Code Section 21382.4, the
Third Level of 1959 Survivor Benetits for local miscellaneous members
and local safety members: and
WHEREAS, Government Code Section 21382.4, requires all assets and liabilities
of all contracting agencies subject to this section, and their
employees who are covered by this section, to be pooled into a single
account:
NOW THEREFORE BE IT AGREED: i
Accumulated and/or future contributions required of the C:ty cf Lodi
and its covered employees are to be released, pursuant to the
provisions of Government Code Section 21382.4, to a single account
referred to herein as the Third Level 1959 Survivor Benefits Pool.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
CHIEF, CONTRACT SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF LODI
BY bP-
Presiding Officer
C0505 (Rev. 4/89)
To CONTRACT
\4' i' (DY" . CJ, \ BETweEN TEE
\k , .* .
i. " ,.. BOARD OF ADHINISTRATION
OF THE
PUBLIC €XPU)YES' RETIRB4ENT SYSTW
ANOTHE
CITY COUNCIL
OF THE
CITY OF LODI
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board, and the governing body of above public agency,
hereinafter referred to as Public Agency, having entered into a contract
effective June 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, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 12 are hereby stricken from said contract as executed
effective July 1,
numbered 1 through 13 inclusive:
1. All words and terms used herein which are defined in the Public
1977, and hereby replaced by the following paragraphs
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 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
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. Local Fire Fighters (herein referred to as local safety members);
b. Local Police Officers (herein referred to as local Safety
members);
c. Employees other than local saLety members (herein referred to as
local miscellaneous members).
a *** copy *** 0
4. In addition to the classes of employees excluded from mem'bership by
said Retirement Law, the following classes of employees shall not
become members of said Retirement System:
a. PWSONS COMPENSATED ON AN UOmLY BASIS WUO
ARE UIRED JUNE 1. 1966 OR "EEI7-W; AND
b. RLECTIVE OFFICIALS. 0' &. Assets heretofore accumulated with respect to members in the local
> :. <- retirement system have been transferred to the Public Employees'
_..l- Retirement System and applied against the liability for prior service
incurred thereunder. That portion of the assets so transferred which .L; -
,. .:. .- represent the accumulated contributions (plus interest thereof)
,, required of the employees under said local system has been credited to r;' ; the individual membership account of each such employee under the
Public Employees' Retirement System. ,...
,)
6. The percentage of final compensation to be provided for local
miscellaneous members €or each year of credited prior and current
service shall be determined 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).
7. 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).
8. Public Agency elected to be subject to the following optional
provisions:
a. Section 21361.5 (Local System Service Credit Included in Basic
Death Benefit).
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)
€OK local miscellaneous members only.
d. Sections 21380-21387 (1959 Survivor Benefits) including Section
21382.4 (Third Level of 1959 Survivor Benefits) for local
safety members only.
e. Sections 21380-21387 (1959 Survivor Benefits) including Section
21382.2 (Increased 1959 Survivor flenefits) and Section 21382.4
(Third Level of 1959 Survivor llenefils) for local miscellaneous
members only.
e *** copy *** (I)
9.
12.
f. Section 21298 (Improved Non-Industrial Disability Allowance) for
local miscellaneous members only.
9. Section 20024.2 (One-Year Final Compensation) for local fire
members only.
Public Agency, in accordance with Government Code Section 20740,
ceased to be an "employer" for purposes oE Section 20759 effective on
July 1, 1977. 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.
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 and
local safety members of said Retirement System.
Public Agency shall also contribute to said Retirement System as
follows:
a. Public Agency shall contribute $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.) 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 o€ all local
miscellaneous members and local safety members.
b. 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.
c. 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.
a t*t copy *** d,
13. Contributions required of Public Agency and its employees ,shall be
paid by Public Agency to the Rrtlrement System within fifteen days
after the end of the period to which said contributions refer OK as
may be prescribed by Board regulation. If more or leS5 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. s;
.\#. B. This amendment shall be effe@ive on the day oE
0.1 Q
.. oj- .
BOARD OF ADMINISTRATION ... .. CITY COUNCIL
PUBLIC EMPLOYEES' RETIRE MEN^ :'SYSTEM OF THE .. ., CITY OF LODI :.u ;.= (3 I .. .. .c, BY BY :-
CHIEF, CONTRACT SERV.XCES DIVISION Presiding Officer ,'I:: ... , ., PUBLIC EMPLOYEES"R~TIREMENT -.. SYSTEM ,.: ~ ,, c.. ' J
L. r2.6 ', +>."' Witness Date Gi > *..* .. Attest: ,( ~ 2 :. '- .
PERS-CON-702 (AMENDMENT)
(Rev. 6/88)