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O1929 ORDINANCE NUMBER 1929 (City Council Series) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF SANTA MONICA AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND REPEALING ORDINANCE NUMBER 1924 (CCS) THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES ORDAIN AS FOLLOWS SECTION 1 The contract between the City Council of the City of Santa Momca and the Board of Administration, Callforma PubliC Employees' Retirement System ("Contract") IS hereby amended A copy of the amendment ("Amendment") IS attached hereto, marked Exhibit A, and Incorporated herein by thiS reference SECTION 2 The City Manager IS hereby authOrized, empowered, and directed to execute the Amendment to the Contract for and on behalf of the City SECTION 3 Ordinance No 1924 (CCS) IS repealed SECTION 4 Any provIsion of the Santa Monica MUnicIpal Code or appendices thereto Inconsistent With the provIsions of thiS Ordinance, to the extent of such inCOnsistencies and no further, are also repealed or modified to that extent necessary to affect the provIsions of this Ordinance SECTION 5 If any section, subsection, sentence, clause, or phrase of this Ordinance IS for any reason held to be Invalid or unconstitutional by a deCISion of any court of any competent jUrisdiction, such decIsion shall not affect the validity of the remaining portIons of this Ordinance The City Council hereby declares that It would have passed this OrdInance, and each and every section, subsection, sentence, clause, or phrase not declared Invalid or unconstitutional Without regard to whether any portion of the Ordinance would be subsequently declared invalid or unconstitutional SECTION 6 The Mayor shall sign and the City Clerk shall attest to the passage of this Ordinance The City Clerk shall cause the same to be published once In the official newspaper Within 15 days after ItS adoption This Ordinance shall become effective after 30 days from Its adoptIon APPROVED AS TO FORM ~ EXHIBIT A EXHIBIT AMENDME~T TO CO!\'TRACT -# BETWEEN THE BOARD OF ADMINISTRATIO!'\ OF THE PUBLIC EMPLOYEES' RETIREME!\\T SYSTEM AND THE CITY COUNCIL OF THE CITY OF SANTA MONICA The Board of AdmmIstratIOn. PublIc Employees' RetIrement System. heremafter referred to as Board. and the govenung body of above publIc agency. heremafter referred to as PublIc Agency, havmg entered mto a contract effectlve July 1. 1944. and wimessed Apnl 5. 1944. and as amended effective March 1. 1950. September 1. 1951. June 1. 1954. No'\'ember 1. 1960. FebruaI) 1. 1962. September 12. 1965, November 1. 1969. November 25. 1973. January 20. 1974. March 3.1974. June 28.1981. May 13.1984. JanuaI) 1. 1992. April 25. 1993 and January 12. 1996 whIch provIdes for partICIpatiOn of PublIc Agency m saId System. Board and Pubhc Agency hereby agree as follows A. Paragraphs 1 through 12 are hereby strIcken from saId contract as executed effectlve January 12. 1996. and hereby replaced by the followmg paragraphs numbered 1 through 12 mcluslve AU words and terms used herem WhICh are defined m the PublIc Employees' Retirement Law shall have the meanmg as defined therem unless otherWIse specIfically prOVIded "Normal retirement age" shall mean age 60 for local miscellaneous members. age 50 for local fire members and local polIce members. and age 55 for ocean beach lIfeguards "') PublIc Agency shall partIcipate m the Pubhc Employees' RetIrement System from and after July 1. 1944 makmg Its employees as heremafter 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 herem and to all amendments to said Law hereafter enacted except those. which by express prOVISIOns thereof. apply only on the electIOn of a contractmg agency ..., .) Employees of PublIc Agency In the followmg classes shall become members of saId RetIrement System except such m each such class as are excluded by law or thlS agreement a Local Fue FIghters (herem referred to as local safety members). PLEAS: n~ NOT SiGN JlEXHIBIT ONLY" b Local Pohce Officers (herem referred to as local safet~ members). c Ocean Beach LIfeguards (mcluded as local safety members). d Employees other than local safety members (herem referred to as local mIscellaneous members) 4 In addmon to the classes of employees excluded from membership b~ said RetIrement La\\". the followmg classes of employees shall not become members of saId Retlrement SYStem NO ADDITIONAL EXCLUSIONS 5 The percentage of final compensatlOn to be proVIded for each year of credIted pnor and current serVIce as a local mIscellaneous member shall be determmed III accordance WIth Section 21353 of said Reurement Law (2~'o at age 60 Full) 6 The percentage of final compensatIon to be proVIded for each year of credIted pnor and current service as an ocean beach lifeguard shall be determmed 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 credned pnor and current service as a local polIce member and local fire member shall be determmed m accordance WIth SectIon 2136~ of Said RetIrement LalA (2l}'o at age 50 Full) 8 Pubhc Agenc) elected and elects to be subject to the followmg optional provlslOns a SectIOn 20421 ("Local Safety Member" shall mclude ocean beach lIfeguards of a cny as descnbed m Government Code SectlOn 20421 ) b SectIon 21571 (BaSIC Level of 1959 Sun'lvar Benefits) for local mIscellaneous members and ocean beach lIfeguards c SectIOn 21222 1 (SpeCial 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 PlEA~~ :): NeT S;GN IIEXHIBIT ONLY" e Section 20042 (One-Year Fmal CompensatIon) for local pollee members and local fire members onl~ f SectIOn 21024 (MIlItary SerVice CredIt as PublIc Sernce). Statutes of 1976 g Secnon 20903 (Two Years AddItIOnal ServIce CredIt) h SectIOn 21573 (Third Level of 1959 SurVlvor Benefits) for local polIce members and local fire members only 9 PublIc Agency shall contnbute to saId RetIrement System the contrIbutIons determmed by actuarIal valuatIons of pnor and future servIce lIablln~ WIth respect to local mIscellaneous members and local safety members of smd RetIrement System 10 PublIc Agency shall also contrIbute to saId RetIrement System as follows a Per covered member. $0 per month on account of the lIabihty for the 1959 SUf\'lvor Benefits provided under SectIon 21573 of smd RetIrement La\\ (Subject to annual change) In addmon. all assets and habIhtIes of PublIc Agency and ItS employees shall be pooled In a SIngle account. based on term Insurance rates. for surVIvors of all local pollee members and local fire members b A reasonable amount. as fixed by the Board. payable In one Installment wnhm 60 days of date of contract to cover the costs of admInIstenng saId System as It affects the employees of PublIc Agenc). not Includmg the costs of speCIal valuatIons or of the penodIc InvestIgatIon and valuatIons reqUIred by la\\ c 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 penodlc lllvesngatlOn and valuatIons reqUIred by law 11 Contnbunons reqUIred of PublIc Agency and Its employees shall be subject to adjustment by Board on account of amendments to the Pubhc Employees' RetIrement La",. and on account of the expenence under the Retlrement System as determmed by the penodIc mvestlgatIon and valuatlon reqUIred by SaId RetIrement La\\ 12 ContnbutIons requIred of PublIc Agenc) and ItS employees shall be paId b~ PublIc Agency to the RetIrement System wlthm fifteen days after the end of the penod to which said contrIbutIOns refer or as ma) be prescnbed by Board regulatIOn If more or less than the correct amount of contnbutlOns IS paId for an~ penod, proper adjustment shall be made In connectIon wIth subsequent remittances Adjustments on account of errors m contnbuttOns reqmred of an) employee may be made b~. direct payments between the employee and the Board B ThIS amendment shall be effectIve on the day of . 19 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT S~TEM OF THE ~ CITY OF SANTA MONICA (5 ~ ~ ~. BY ~ BY r~ KE1\TNETH V./ MARZI01\. Ci~~ PRESIDING OFFICER ~<....' ' ACTCARIAl & EMPLOYE RVICES DIVISION " ~ . , ~ \- PCBLIC EMPLOYEES' ~'f.I; MENT SYSTEM _ " -... ,0 ~ <:;;0 ~ ~ ~ WItness Date - ,~ Attest ~ (., q,'v.... Clerk 4.ME1\D\1E\iT PERS-CO'..;-70H (Re\ 8';96) \ ~~n~ ::>0 State ofCahforma ) County of Los Angeles) 5S Cay of Santa MOnIca ) L Mana M Stewart, CIty Clerk of the CIty of Santa MOnIca. do hereby certIfy that the foregomg Ordmance ~o 1929 (CCS) had its first readmg on November 24, 1998, and was adopted on December 15. 1998 by the follo\vmg vote Ayes CouncIl members Femstem, Genser, Holbrook, McKeown. O'Connor, Rosenstem ~oes CouncIl members None Abstam CouncIl members ;..r one Absent CouncIl members None \.. ATTEST ~ ~llrt.Cl~~