225 ORDINANCE NO. 225
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, AUTHORIZING AN
AMENDMENT TO THE CONTRACT BETWEEN
THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE AND THE BOARD OF ADMINISTRATION
OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT
SYSTEM
THE CITY COUNCIL OF THE CITY OF GRAND TERRACE DOES HEREBY ORDAIN
AS FOLLOWS:
Section 1:That an amendment to the contract between the City Council of the City of Grand
Terrace 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 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 30 days after the date of its adoption, and prior
to the expiration of 15 days from the passage thereof shall be posted in three (3) public places as
designated for such purpose by the City Council.
Section 4:First read at a regular meeting of the City Council of said city held on the 130'day
of July 2006,and finally adopted and ordered posted at a regular meeting of said City Council on the
101" day of August, 2006.
Mayo f the City of Grand Terrace
And f the City Council thereof.
ATTEST:
City C ler of t e City of'Gr2#d Terrace
and of the City Council thereof.
Ordinance No. 225
I, Tracey Martinez, Deputy City Clerk of the City of Grand Terrace, do hereby certify that the
foregoing Ordinance was introduced and adopted at a regular meeting of the City Council of the City
of Grand Terrace first read at a regular meeting held on the 13`h day of July and finally adopted and,
ordered posted at a regular meeting of said City Council on the 101h day of August, 2006, by the
following vote:
AYES: Councilmembers Hilkey,Garcia,and Miller;Mayor Pro Tem Cortes and Mayor Ferr6
NOES: None
ABSENT: None
ABSTAIN: None
Deputy C,_C erk = -
APPROVED AS TO FORM
AAA
City Attorney
I�
Ca1PERS
California
Public Employees' Retirement System
AMENDMENT TO CONTRACT
Between the
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of Grand Terrace
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
January 20, 1990, and witnessed December 14, 1989, and as amended effective
October 23, 1995, May 26, 2000 and August 28, 2004 which provides for participation of
Public Agency in said System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 11 are hereby stricken from said contract as executed
effective August 28, 2004, 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.
a
2. Public Agency shall participate in the Public Employees' Retirement
System from and after January 20, 1990 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. 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:
a. SAFETY EMPLOYEES; AND
C b. ELECTED OFFICIALS.
5. Assets heretofore accumulated with respect to members in the local
retirement system have been transferred to the Public Employees'
Retirement System and applied against the liability for prior service
incurred thereunder. That portion of the assets so transferred which
represent the accumulated contributions (plus interest thereof) required of
the employees under said local system has been credited to the individual
membership account of each such employee under the Public Employees'
Retirement System.
6. The percentage of final compensation to be provided for each year of
credited prior and current service as a local miscellaneous member in
employment before and not on or after the effective date of this
amendment to contract shall be determined in accordance with Section
21354 of said Retirement Law (2% 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 miscellaneous member in
employment on or after the effective date of this amendment to contract
shall be determined in accordance with Section 21354.5 of said
Retirement Law (2.7% at age 55 Full).
8. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 20938 (Limit Prior Service to Members Employed on
Contract Date).
b. Section 21536 (Local System Service Credit Included in Basic
Death Benefit).
C. Section 20042 (One-Year Final Compensation).
d. Section 21024 (Military Service Credit as Public Service).
e. Section 21574 (Fourth Level of 1959 Survivor Benefits).
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 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 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 miscellaneous members.
b. 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.
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 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
f valuation required by said Retirement Law.
r'
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 subsequent remittances. Adjustments on account of
errors in contributions required of any employee may be made by direct
payments between the employee and the Board.
B. This amendment shall be effective on the 23 day of September 2006
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF GRAND TERRACE
BY
LOR M G RTLAND, HIEF PRESIDI OFFICER
EMP Y SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
r Witness Date
Attest:
Clerk
AMENDMENT ER#1493
PERS-CON-702A(Rev. 10\05)