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HomeMy WebLinkAboutOrd 0920ORDINANCE N0, 920 _ AN ORDINANCE OF THE CITY COUNCIL of the "�— Name of Governing Bod� — CITY OF BURLIdGAME authorizing an {Name of Public Agency AMENDMENT TO THE CONTUU1 BETInEEN THE CITY COUNCIL Gove_ rning Body AD1D THE BOARD OF ADMINISTRATION GF THE CALIFORNIA PUBLIC ETIPLOYEES' RETIRET-EIJT SYSTEM. The CITY COUNCIL of the _ CITY OF BURLINGADIE Name of Governing Body ��ane of Public Agency does ordain as follows: SECTION 1. That an amendment to the Contract between the _ Name of CITY COUNCIL _ of the CITY OF BURLINGAME and the Board of Governing Body ume of Public Agency) Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit All, and by such reference made a part hereof as though herein set out in full. SECTION 2 , The _ MAYOR of the �- Title of Presiding Officer CITY COUNCIL is hereby authorized, empowered, and directed __ Hama of Governing Bo to execute said amendment for and on behalf of said Agencyo SECTION _3, 'Phis 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 ADVANCE®STAR f" Name of T\Tewspaper) a newspaper of genera". circulation, published and circulated in the _� ^Name of CITY OF BURLINGAME and thenceforth and thereafter the same Public Agencpj shall be in full force and effect., Adopted and approved this 20th day of July , 19 70_ I Ir Attest: Presiding Officer MAYOR Clerk (Amendment) Ret, corm 128 (Rev, 11J69} 200 r�gIBI'P A , AN�NDI�IENT TO CONTRACT BET[�IEEN .THE BOARD OF AD�1Ii1ISTRkTiON PUBLIC EMPLOYEES' RETIREi�N'P SYSTEM AidD .THE CITY COUNCIL OF .THE CI'T'Y OF BURLINGAt✓�E The Board of Administration, Public Employees Retirement System, hereinafter referred to as Board, and the CITY COUNCIL of the CITY OF Bu7?ZIIdGi�I<il., hereinafter referred to as Public Agency, having entered rota a contract under date of July 6, 1942, effective July 1, 191+2, and as amended effective February 1, 1954; July ly 1956, April 1, 1963, March 1, 1964, April 1, 196$' March lb, T967, and November 1, 1968, which provides for participation of Public �.gency in said System, Board and ,Public Agency hereby agree as follows: A, The .following subparagraph shall be added to Paragraph 7 of said Contract: 7 (9) Section 21365.5 (providing a monthly allowance in lieu cf the basic death benefit for certain surv�.vors of a member who dies in employment after qualifying for voluntary service retirement). $. Paragraphs 8 (a) and 8 (b) shall be stricken from said .Contract and the following paragraphs substituted therefor: 8 (a) With respect to miscellaneous members, the public agency shall contribute the following percentages of monthly salaries earned as miscellaneous riembers of said System: (1) 1.930 percent until June 30, 1972 on account of the liability for prior service benefits. (2) 8.076 percent on account of the liability for current service benefits. 8 (a) With respect to local safety members, the public agency shall con- tribute the following nercenta.ges of monthly salaries earned as local safety members. of said system: (1} 3.519 percent until June 30, 1y72 on account of the liability for prior service benefits. (2) 14.344 percent on account of the liability for current service benefits. C. This amendment shall be attached to said Contract znd shall beccme effec- tive on the day of ?�7itness our hands this POARD OF F.DNIINISTRA.TICN PUBLIC �°IPLGIIIu.S' �ETtc'�t..'.1PdT SYSTEM BY William E. Payne, Executive Officer BY Attest: 1 ! i �' �� , ►�. Ret. ForRi 702-2