R-9810
RESOLUTION NUMBER ~tHO (CCS)
(CITY COUNCIL SERIES)
A RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT
BETWEEN THE BOARD OF ADMINISTRATION
OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE CITY OF SANTA MONICA
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 21362.2 (3% @ 50 Full Formula) for local police
members.
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE
CITY OF SANTA MONICA 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.
The City Clerk shall certify to the adoption of this Resolution, and thenceforth and
thereafter the same shall be in full force and effect.
APPROVED AS TO FORM
A
QUPERS
EXHIBIT
California
Public Employees' Retirement System
1--., II _,~~~::
AMENDMENIr T(> qoNTRACT
Between the I
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of Santa Monica
1.....llll .~
The Board of Administration, California 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 July 1,
1944, and witnessed April 5, 1944, and as amended effective March 1, 1950,
September 1, 1951, June 1, 1954, November 1, 1960, February 1, 1962, September
12, 1965, November 1, 1969, November 25, 1973, January 20, 1974, March 3, 1974,
Jlune 28, 1981, May 13, 1984, January 1, 1992, April 25, 1993, January 12, 1996,
Jlanuary 15, 1999, November 13, 1999, November 19, 2000, April 28, 2001, September
14, 2001 and December 16, 2001 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 December 16, 2001, and hereby replaced by the following paragraphs
numbered 1 through 13 inclusive: I
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 55 for local miscellaneous members, age 55 for local fire
members and ocean beach lifeguards, and age 50 for local police
members.
PLEASE D.QJ40TSfGH .EXtrflBIT (If
2. Public Agency shall participate in the Public Employees' Retirement
System from and after July 1, 1944 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. Ocean Beach Lifeguards (included as local safety members);
d, 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:
NO ADDITIONAL EXCLUSIONS
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 21354 of said Retirement Law
(2% at age 55 Full).
6. The percentage of final compensation to be provided for each year of
credited prior and current service as an ocean beach lifeguard shall be
determined in accordance with Section 21366 of said Retirement Law
(One-half pay at age 55 Full).
7. The percentage of final compensation to ,be provided for each year of
credited prior and current service as a local fire member shall be
determined in accordance with Section 21363.1 of said Retirement Law
(3% at age 55 Full).
8. The percentage of final compensation to be provided for each year of
credited prior and current service as a local police member shall be
determined in accordance with Section 21362.2 of said Retirement Law
(3% at age 50 Full).
PlEPSEDONOr SIGN "EXHIBI
9. Public Agency elected and elects to be subject to the following optional
provisions:
a
Section 20421 ("Local Safety Member" shall include ocean beach
lifeguards of a city as described in Government Code Section
20421).
b.
Section 21571 (Basic Level of 1959 Survivor Benefits) for ocean
beach lifeguards.
H
c. Section 21222.1 (One-Time 5% Increase - 1970). Legislation
repealed said Section effective January 1, 1980.
d Sections 21624 and 21626 (Post-Retirement Survivor Allowance)
for local police members and local fire members only.
e. Section 20042 (One-Year Final Compensation) for local police
members, local fire members, and local miscellaneous members
only.
f. Section 21024 (Military Service Credit as Public Service), Statutes
of 1976.
g. Section 20903 (Two Years Additional Service Credit).
h. Section 21573 (Third Level of 1959 Survivor Benefits) for local
miscellaneous members and local fire members only.
Section 21574 (Fourth Level of 1959 Survivor Benefits) for local
police members only.
10. 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.
11 Public Agency shall also contribute to said Retirement System as follows:
a, Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21573 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 of all
local miscellaneous members and local fire members.
b. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21574 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 of all
local police members,
c. 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,
d. 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.
12. 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.
13. 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 contributi(ins required of any employee may be made by direct
payments betw~~e employee and the Board. _'"
~ . ~V
This amendment <:><h~be effective on the ~ay of 'r;;:s
.~~~ I
BOARD OF
PUBLIC
B.
CITY COUNCIL
RETIREMENT SYSTEM CITY OF SANTA"
~
BY,__ _ _ _ _~v -,I:'tI.-,li._:_v_.L~fI,.~L._',_'~-':,
I CHIEF PRESIDING O~ER
AC~~~~ & EMPLOYER SERVICES DIVISION, ~~~-
PUB~~MPLOYEES' RETIREMENT SYSTEM &
1',1. -JJt~J --.l1ft.:: ^)lI~!t'_".lJ~::.--~tt_-_---_:JC~~:,__:rJJ!!l~~~UrJ)J1lIr;
Witne~ate
Attese...
BY
Clerk
AMENDMENT ER# 54
PERS-CON-702A (Rev. 8\02)
Adopted and approved this 1211 day No~m~r, 200 .
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do herE~by
certify that the foregoing Resolution No. 9810 (CCS) was duly adopted at a
meeting of the Santa Monica City Council held on the 12th of November, 2002.
by the following vote:
Ayes: Council members:
Holbrook, O'Connor, Bloom, Genser, Katz,
Mayor Pro Tem McKeown, Mayor Feinstein
Noes: Council members:
None
Abstain: Council members:
None
Absent: Council members:
None
ATTEST: