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HomeMy WebLinkAboutOrdinance 016 ORDINANCE NO. 16 ' AN ORDINANCE OF THE COUNCIL _ of the Name of Governing Body rauthorizing a Name of Public Agency CONTRACT BETWEEN THE COUNCIL OF THE CITY OF ATASCADERO Governing Body AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. The COUNCIL of the CITY OF ATASCADERO Name of Governing Body Name of Public Agency does ordain as follows: SECTION 1. That a Contract between the COUNCIL r Name of Governing Body of the CITY OF ATASCADERO and the Board of Administration, Name of Public Agency California Public Employees' Retirement System is hereby authorized, a copy of said Contract being attached hereto, marked "Exhibit All, and by such reference made a part hereof as though herein set out in full. SECTION 2. The MAYOR of the (Title of Presiding Officer COUNCIL is hereby authorized, empowered, and ' Name of Governing Body directed to execute said Contract 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 15 days from the passage thereof shall be published at least once in the ATASCADERO NEWS . . ' Name of Newspaper a newspaper of general circulation, published and circulated in the CITY OF ATASCADERO Name of and thenceforth and thereafter the same shall ' Public Agency be in full force and effect. Adopted and approved this 10th day of March, 1.980 , 4Attest: Presid 0 is r ROBERT J. WIL INS , JR, , Mayor Approved as t form: 7erk/-VRRAY L. WARD ALLEN GRIMES, City Attorney 1 PERS-CON-11 (Contract) (3/78) CONTRACT BETWEEN THE BOARD OF AD14INISTRATION r - PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE • CITY COUNCIL OF THE CITY OF ATASCADERO In consideration of the covenants and agreement hereafter' contained and onl the part of both parties to be kept and performed, the governing body of above public agency, hereafter referred to as "Public Agency", and the Board of Administration, Public Employees' Retirement System, hereafter referred to as "Board" , hereby agree as follows: 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 and age 55 for local 'safety members. r2, Public Agency shall participate in the Public Employees' Retirement System from and after fig,,,f f 9 , (9�9D making its employees as hereinafter provided , m mbers of said System subject to all provisions - gf 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 such as by ' express provisions thereof apply only on the election of contracting agencies. 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 Policemen (herein referred to as local safety members); b. Employees other than local safety members (herein referred to as local miscellaneous members) In addition to the classes of employees excluded from membership by said Retirement Law, the fallowing classes of employees shall not become members of said Retirement System: NO ADDITIONAL EXCLUSIONS 4. The fraction of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member shall he determined in accordance with Section 21251.13 of said Retirement Law (21 at age 50) . 5. The fraction of final compensation to be provided for each year of credited prior and current service asa local safety,member shall be determined in accordance with Section 21252.6 of said Retirement Law (2% at age 55) . t . 6. The following additional provisions of the Public Employees' Retire— ment Law which apply only upon election of a contracting agency shall. apply to the Public Agency and its employees: a. Section 20952.5 (Age 50 voluntary retirement) for local safety members only. b. Section 20983.6 (Waiver of age 70 retirement) for local miscel— laneous members only, 7. Public Agency, in accordance with Section 20759. 1 Government Code, shall not be considered an "employer" for purposes of Chapter 6 of the ' Public Employees' Retirement Law. Contributions of the Public Agency shall be fixed and determined as provided in Section 207.59, Government Code, and such contributions hereafter made shall be held by the Board as provided in. Section 20759, Government Code. 8. Public Agency shall contribute to said Retirement System as follows a. With respect to miscellaneous members, the agency shall con— tribute the following percentages of monthly salaries earned as miscellaneous members of said Retirement System: (1 ) 0.364 percent until June 30 1999 on account of the 3 liability for prior service benefits. (2) 12.405 percent on account of the liability for current service benefits. ' b.< With respect to local safety members, the agency shall contribute the following percentages of monthly salaries earned as local ' safety members of said Retirement System; (1) 14.575 percent on account of the liability for current service benefits. ' C. A reasonable amount per annum, as fixed by the Board 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. d. A reasonable amount as. fixed by the Board, payable `in one install— ment as the occasions arise, to cover thecosts of special valua— tions on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. t9. 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. i 10. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty days ,• after the end of the period to which said contributions refer or a5 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, or adjustments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. Witness our hands the day of 19 . ' BOARD OF .ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF ATASCADERO BY BY Carl J. Blechinger, Executive Officer Presiding Officer r Approved as to form: A1� est tj ithia G. Vesembr, Legal Office, Date Clerk PERS CON-702 APPROVED AS TO FORM CITY HTTORN'EY `"' m d ' CERTIFICATION I hereby certify that the foregoing is a full, true, and correct copy of Ordinance No. 16 passed by the Atascadero City Council at its regular Council meeting held on March 10, 1980 ' Y L WARDEN, City Clerk 4ciyf oAtas cadero,ero, California 1 1 1 1 1 1 1