156 ORDINANCE NO. 156
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF GRAND TERRACE AUTHORIZING AN AMENDMENT
TO THE CONTRACT BETWEEN THE CITY COUNCIL
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 published at least once in the
San Bernardino Sun Telegram, a newspaper of general circulation, published and circulated in
San Bernardino County and thenceforth and thereafter the same shall be in full force and effect.
First read at a regular meeting of the City Council of said City held on the loth day of
August, 1995, and finally adopted and ordered posted at a regular meeting of said City Council
on the 14th day of September 1995 by the following vote:
ATTEST:
City Clerk of the..City o Grand May of the City of Grand
Terrace and of the City Council Ten e and of the City
thereof. Council thereof.
I, Brenda Stanfill, 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 held on the 14th day of September, 1995, by the following vote:
AYES: Councilmembers Hilkey, Singley, and Buchanan; Mayor Pro Tem
Carlstrom; Mayor Matteson
NOES: None
ABSENT: . None
ABSTAIN: None
Approved as to form:
City Clerk
Y)
City Attorney
EXHIBIT
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF.THE
CITY OF GRAND TERRACE
The Board of Administration, Public Employees' Retirement System, hereinafter referred to as Board;
and the governing body of above public agency, hereinafter referred to as Public Agency, having entered
into a contract effective January 20,,. 1990, and witnessed December 14, 1989, which provides_ for
participation of Public Agency in said System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 10 are hereby stricken from said contract as executed effective January 20,
1990, and hereby replaced by the following paragraphs numbered 1 through 11 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 60 for local miscellaneous members.
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
b. ELECTED OFFICIALS.
. • P taw qrn �•��S�y�i{
ampT 'SIGN
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 shall be determined in accordance with
Section 21251.13 of said Retirement Law (2% at age 60 Full).
7. Public Agency.elected and elects to be subject to the following optional provisions:
a. Section 20835.1 (Limit Prior Service to Members Employed on Contract Date).
b. Section 21361.5 (Local System Service Credit Included in Basic Death Benefit).
C. Section 21382.4 (Third Level of 1959 Survivor Benefits) pursuant to Article 6
(commencing with Section 21380).
8. 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.
9. Public Agency shall also contribute to said Retirement System as follows:
a. Public Agency shall contribute $2.00 per member, per month on account of the
liability for the 1959 Survivor Benefits provided under Section 21382.4 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.
10. 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.
11. 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 day of , 19
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF GRAN�T'ERRACE
BY BY
CHIEF A Y Presiding Officer
ACTUARIA FICE
PUBLIC E EES' RETIREMENT SYSTEM
Witness Date
Attest:
Clerk .
AMENDMENT
PERS-CON-702A (Rev. 3/95)