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Home My WebLink AboutOrd 1424ORDINANCE NO. 1424 ORDINANCE AMENDING CONTRACT WITH P.E.R.S. ONE YEAR FINAL COMPENSATION FOR POLICE OFFICERS The CITY COUNCIL of the CITY OF BURLINGAME does ORDAIN as follows: Section 1. That an amendment to the Contract between the City of Burlingame and the Board of Administration, 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 of Burlingame is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. Section 3. This after the date of its ordinance adoption, shall take effect thirty and shall be published as (30) days required by law. Mayor I, JUDITH A. MALFATTI, City Clerk of the City of Burlingame, do hereby certify that the foregoing Ordinance was introduced at a regular meeting of the City Council held on the 17th day of September , 1990, and was adopted thereafter at a regular meeting of the City Council held on the 15th day of October 1990, by the following vote: AYES: COUNCILMEN: BARTON HARRISON, LEMBI, O'MAHONY, PAGLIARO NOES: COUNCILMEN: NONE ABSENT: COUNCILMEN: NONE i ,e/ �( / /City Clem F.XATRTT "A" * * COPY a� AMENDMENT TTCT HE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITYDCOUNCIL OF THE CITY OF BURLINGAME 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 July 1, 1942, and witnessed July 6, 1942, and as amended effective July 1, 1954, July 1, 1956, April 1, 1963, March 1, 1964, April 1, 1965, March 16, 19671 November 1, 1968, September 1, 1970, April 1, 1973, May 1, 1974, November 1, 1974, February 20, 1975, March 16, 1975, July 1, 1976, August 16, 1976, May 1, 1979, December 1, 1985, December 1, 1987 and December 6, 1989, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 11 axe hereby stricken from said contract as executed effective December 6, 1989, 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 EmployeesRetirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 60 for local miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after July 1, 1942 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. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); c. 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: p a. PLAYGROUND LEADERS WHO ARE PAID ON AN HOURLY BASIS, POLICE CADETS AND LIBRARY PAGES HIRED ON OR AFTER MARCH 16, 1967; AND b. FIRE CADETS AND CROSSING GUARDS HIRED ON OR AFTER MAY 1, 1974. 5. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member ¢sem shall be determined in accordance with Section 21251.13 of said Retirement Law (2% at age 60 Full). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21252.01 of said Retirement Law (28 at age 50 Full). Q G� 7. Public Agency elected to be subject to the following optional e provisions: 4 a. Sections 21380-21387 (1959 Survivor Benefits) including Section 21382.4 (Third Level of 1959 Survivor Benefits). b. Section 20020 ("Local Police Officer" shall include employees of a police department who were employed to perform identification or communication duties on August 4, 1972 and who elected to be local safety members). c. Section 21222.1 (Special 5$ Increase - 1970). Legislation repealed said Section effective January 1, 1980. d. Section 21222.2 (Special 58 Increase - 1971). Legislation repealed said Section effective January 1, 1980. e. Sections 21263, 21263.1 and 21263.3 (Post -Retirement Survivor Allowance). f. Section 21222.6 (Special 158 Increase for Local Miscellaneous Members). g. Section 20614, Statutes of 1978, (Reduction of Normal Member Contribution Rate). From May 1, 1979 and until December 1, 1985, the normal local miscellaneous member contribution rate shall be 3.58 and the local safety member contribution rate shall be 4.58. Legislation repealed said Section effective September 29, 1980. * * * C O P Y * * * h. Section 20614, Statutes of 1980, (To Prospectively Revoke Section 20614, Statutes of 1978). i. Section 20024.2 (One -Year Final Compensation) for local safety members only. 8. Public Agency, in accordance with Government Code Section 20740, ceased to be an "employer" for purposes of Section 20759 effective on August 16, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20759, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20759. 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. :k0. Public Agency shall also contribute to said Retirement System as follows: a., a. Public Agency shall contribute $2.50 per employee, 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, y based on term insurance rates, for survivors of all local miscellaneous members and local safety members. L b. 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. vc. 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. 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. * * * C O P Y * * * 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. This amendment shall be kq;e on the day of . BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIR P� BY �\ CHIEF, CONTRACT 'SERVICES DIVISION PUBLIC EMPLOYEES}' RETIREMENT SYSTEM z i PERS-CON-702 (AMENDMENT) (Rev. 6/88) CITY COUNCIL i � :� OF THE''`M CITY OF BURLINGAME'�./Q; BY �� Presiding Office l� : J Witness Dates `C - Attest: (J Q �4 a T, Cle m