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O2027 ORDINANCE NUMBER 2027 eCCS) (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 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES ORDAIN AS FOLLOWS: SECTION 1. That an amendment to the contract between the City Council of the City of Santa Monica and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked Exhibit, and by such reference made a part hereof as though herein set out in full. SECTION 2. The City Manager is hereby authorized, empowered, and directed to execute said amendment for and on behalf of the City. SECTION 3. 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inconsistent with the provisions of this Ordinance, to the extent of such inconsistencies and no further, are hereby repealed or modified to that extent necessary to affect the provisions of this Ordinance. SECTION 4. 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 5. 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 30 days from its adoption. APPROVED AS TO FORM: .. ~,,~- CalPERS EXHIBIT California Public Employees' Retirement System .. AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the ri1hT rnnnL>.l ~&~.J ~~~&&_&& City of Santa Monica .. 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, June 28, 1981, May 13,1984, January 1, 1992, April 25, 1993, January 12, 1996, January 15, 1999, November 13, 1999, November 19, 2000, April 28,2001 and September 14, 2001 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: 11 r.. Paragraphs 1 through 13 are hereby stricken from said contract as executed' effective September 14, 2001, and hereby replaced by the following paragraphs numbered 1 through 12 inclusive: 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 and age 55 for local safety members. PLEASE DO NOT SIGN "EXHIBIT ONLY" 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. Locai Fire Fighters (herein referred to as iocai 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 I~__l _:___11____..._ ____L....___\ ' IUl,;C:lIIIII~lA:::IIC:1IIt::UU~ "'t::I"Ut::I~J. 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 "....orlitorl nrinr !::Inri "'.Ir""r.o.nt e.o.nri,...o '!:lIe ~n "',...o.~n h.o.~:II...h lif.or,. I~rrl eh~1I h.o VI~_IL"""U ,..,IIVI ,...11_ V1o.I11_IIL W'-'V''-''_ ~~ ~'I _,,",,_~II ..,""".........11 IIJ_~UII;iIIU ..;JII,...II Uli;;Oo determined in accordance with Section 21366 of said Retirement Law (One-haif 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 and local police member shall be determined in accordance with Section 21363.1 of said R..tir..m..nt I "\AJ (,:\O/n ..t ..n.. "" ~llm . ,_.... _.. I_'... ...._.. ,_ ~u _.. _;::,..... __ . _."" 8. 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). PLEASE DO NOT SIGN "EXHIBIT ONLY" b. Section 21571 (Basic Level of 1959 Survivor Benefits) for ocean beach lifeguards. 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. i. Section 2157 4 (Fourth Level of 1959 Survivor Benefits) for local police members only. 9. 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. 10. 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. 11. 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. 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 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~u equent remittances. Adjustments on account of errors in contribut' required of any employee may be made by direct payments betw he employee and the Board. ~ B. This amendment ~be effective on the day of ~ ' -#~. - . , BOARD OF ADMIN~TION CITY COUNCIL & PUBLIC EMPLO~' RETIREMENT SYSTEM CITY OF SANTA ~CA ~C.) -# BY ~ By.<<J KENNE . MARZION, CHIEF PRESIDIN~FICER Ac;~~ AL & EMPLOYER SERVICES DIVISION ~ C.) P~ EMPLOYEES' RETIREMENT SYSTEM ~ ~v ~f:::> ~ness Date Q...~ttest: Clerk AMENDMENT PERS-CON-702A (Rev. 8\96)