HomeMy WebLinkAboutOrd 04-86 PERS ORDINANCE NO. 4 - 86
AN oRDINANCE OF THE CITY OF DUBLIN
AUTHORIZING AN'AMeNDMENT TO THE CONTRACT
BETWEEN THE CITY COUNCIL OF THE CITY.OF DUBLIN
AND TRE BOARD OF ADMINISTP~TION OF TEE
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
The City Council of the City of Dublin does ordain as follows:
Section 1. That an amendment to the Contract between the
City Council of the City of Dublin and the Board of Administra-
tion, 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 2. The Mayor of the City Council is hereby
authorized, empowered, and directed to execute said amendment for
and on behalf of said Agency.
Section 3. This ordinance shall take effect and be in force
thirty (30) days from and after the date of its passage. Before
the expiration of fifteen (15) days after its passage, it shall
be published once with the names of the Councilmembers voting for
and against the same in the Tri-Valley Herald, a newspaper
published in Alameda County and available in the City of Dublin.
PASSED, APPROVED AND ADOPTED by the City Council of the City
of Dublin on this 10th day of March, 1986 by the following vote:
AYES:
Councilmembers Hegarty, Moffatt, Vonheeder and
Mayor Snyder
NOES: Councilmember Jeffery
ABSENT: None
City Cler%
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF DUBLIN
The Board of Administration, Public Employees' Retirement System{ hereinafter ..
referred to as Board, and the governing body of above 9ublic agency, herein-
after referred to as Public Agency, having entered into a contract effective
February 1, 1983, and witnessed December 13, 1982, which provides for partici-
pation of Public Agency in said System, Board and Public Agency hereby
agree as follows:
A. Paragraphs 1 through 8 are hereby stricken from said contract as executed
effective February 1, 1983, and hereby replaced by the following paragraphs
numbered I through 10 inclusive:
·
All words and terms used herein which are defined in the Public
Employees' Retirement Law shall have the me4ning as defined therein
unless otherwise specifically provided. "Normal retirement age"
shall mean age 60 for local miscellaneous members.
·
Public Agency shall participate in the Public. Employees' Retirement
System from and after February 1, 1983 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 contract-
ing 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·
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 following classes of employees shall not
become members of said Retirement System:
·
a. FIRE FIGHTERS; AND
b. POLICE OFFICERS.
.
.
.
.
.
The fraction of final compensation to be provided for each year of
credLted prior and current service as a local miscellaneous member
shall be determined in accordance with Section 21251.13 of ~aid
Retirement Law (2% at age 60 Full).
The following additional provisions of the Public Employees'
Retirement Law, which apply only upon election of a contracting
agency, shall apply to the Public Agency and its employees:
be
Section 20835.1 (Limit Prior Service to Elected Officials
Employed on the Effective Date of this Amendment to Contract).
-.
Public Agency, in accordance with Government Code Section 20759, shall
not be considered an "employer" for purposes of the Public Employees'
Retirement Law. Contributions of the Public Agency shall be fixed and
determined as provided in Government Code Section 20759, and such
contributions hereafter made shall be held by the Board as provided in
Government Code Section 20759.
Public Agency shall contribute to said Retirement System as follows:
a. -With respect to local miscellaneous me,bets, the agency shall
contribute the following peKcentages of salaries earned as
members of said Retirement System:
(1) 0.251 percent until June 30, 2007 on account of the
liability for prior service benefits. (Subject to annual
change.)
b.
(2) 8.011 percent until June 30, 2011 on account of the
liability for current service benefits. (Subject to annual
change.)-
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.
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