HomeMy WebLinkAboutReso - CC - 042-1976RESOLUTION NO. 42-76
RESOLUTION OF INTENTION TO APPROVE AN
AMENDMOT TO CONTRACT PET9MW THE
BOARD OF ADMINISTRATION OF TIM
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND T'E
CITY COUNCIL
OF THE
CITY OF BURLINGAhE
WHEREAS, the Public Employee;' Retirement Lac: permits the participation of public
agencies and their employees in the Public Employees' Retirement System
by the execution of a contract, and sets fort'^ the procedure by which
said public agencies may elect t:. subject themselveo and their employees
to amendments to said law; and
WHEREAS, one of the steps in the procedure to amend this contract is the adoption
by the legislative body of the public ag<__zcy of a resolution giving
notice of its intention to apr=ove an amendment to said contract, which
resolution shall contain a summary of the change proposed in said con—
tract; and
WHEREAS, the following is a statement of the proposed change:
J Provide 1510 increase in allowances to or on account
of certain miscellaneous members retired or members
deceased prior to July 1, 197'..
NOW, TTEFFORE, BE IT RESOLVED, that the CITY CCUNCIL of the CITY OF &IRLINGAME
gives, and it does hereby give notice of intention to approve an amend-
went to the contract between. the C-TY COUNCIL and the Board of Admi.ii—
stration of the Public Employees' Retirement System, a copy of said
amendment being attached hereto, marked "Exhibit All and by this reference
made a part hereof.
Date adopted and approved
CITY COUNCIL
CITY OF BURLINGAME
u Name)
City Manager
Title
Ret. Form 122
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy
of a Resolution adapted by the CITY COUNCIL
(Governing Body)
of t„e CITY OF BUR TGAmE
(Name of Public Agency)
on flay 17. 1975 appearing at Page 122 ,
(Date)
Volume 12 of the (Minutes) (Official Records) of the
CITY COUNCIL
(Governing Body)
CITY,;CLERK or
Secretary of the Board
PERS-ACT-12 (I1/71)
jZ
EXHIBIT A
AMENDMENT TO CONTRACT BETWEEN THE
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES1 RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF BURLINGAME
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board and the CITY COUNCIL of the CITY OF BURLINGAME, hereinafter
referred to as Public Agency, having entered into a contract under date of July 6,
1942, effective July 1, 1942, and as amended effective February 1, 1954, July 12
1956, April 1, 1963, March 1, 1964, April 1, 1965, March 16, 1967, November 1, 1968,
September 1, 1970s April 11 1973, May 1, 1974, November 1, 1974, February 20, 1975,
March 16, 1975, and July 1, 1976, and as provided by Chapters 170 and 316, Statutes
of 1971, which provide for participation of Public Agency in said System, Board
and Public Agency hereby agree as follows:
A. The following subparagraph shall be added to Paragraph 5 of said contract:
5. (f) Section 21222.6 of the Government Code (providing for 15% increases
in allowances payable for time commencing on the first day of the
calendar month coinciding with or next following the effective
date of this amendment or on account of certain miscellaneous
members retired or deceased prior to July 1, 1971).
B. Paragraph 6 (a) shall be stricken from said contract and the following
Paragraph 6 a) shall be substituted therefor:
6. Public Agency shall contribute to said Retirement System as follows:
a. With respect to miscellaneous members, the public agency shall
contribute the following percentages of monthly salaries earned
as miscellaneous members of said System:
(1) 0.72 percent until June 30, 1980 on account of the liability
for prior service benefits.
(2) 9.01 percent on account of the liability for current service
benefits.
Ret. Form 702-1
(3) 0.24 percent until October 31, 1984.to provide the benefits
under Section 21222.1 and 21222.2 of the Government Code.
(4) 0.11 percent on account of the liability for the 1959
survivor program.
C. This amendment shall be attached to said contract and shall become effec-
tive on the day of
Witness our hands this
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEESt RETIREMENT SYSTEM
BY _
Carl J. Blechinger, Executive Officer
day of
CITY COUNCIL
OF THE
CITY OF BURLINGAME
BY:
Presiding Offic
Attest:
..
Clerk., `
Ret. Form 702-2