HomeMy WebLinkAboutReso - CC - 046-1970No. 46-70
RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BEnTEEN THE
BOARD OF ADMINISTRATION OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF BURLINGAME
WHEREAS, the Public Employees' Retirement Law permits the participation of public
agencies and their employees in the Public Employees' Retirement System
by the execution of a contract, and sets forth the procedure by which
said public agencies may elect to subject themselves and their employees
to amendments to said law; and
WHEREAS, one of the steps required in the procedure to amend this contract is the
adoption by the legislative body of the public agency of a resolution
giving notice of its intention to approve an amendment to said contract,
which resolution shall contain a summary of the changes proposed in said
contract; and
WHEREAS, the following is a statement of the proposed change:
1. Employees who have at least 5 years of service and who are at least
age 55 have further death protection under the 1957 Survivor Program -
Should such an employee die before retirement, his surviving widow
may elect to receive either the basic death benefit or a monthly in-
come equal to one-half the unmodified retirement allowance the em-
ployee was eligible for on the date of his death. The monthly income
is payable until the widow's death or remarriage with a guarantee
that she will receive at least as much as she would have received
under the basic death benefit.
NOW, THEREFORE, BE IT RESOLVED, that the CITY COUNCIL of the CITY OF BURLINGAD!E
gives, and it does hereby give notice of intention to approve an amend-
ment to contract between said CITY COUNCIL and the Board of Administra-
tion of the Public Employees' Retirement System, a copy of said amendment
being attached hereto, marked "Exhibit A", and by this reference made a
part hereof.
CITY COUNCIL
OF THE
CITY OF BURLINGAME
June 1, 1970
ate -adopted and approved
EXHIBIT A
ATHIM lEN'T TO C0.4TRACT DSTWEEE S Via
rLIB- LIC i3iPIVa''ya 1 Tlit 2 i'N i SYSTks1
AND) Tip:
OF THE
CITY OF B:iRLl?iC.'.E ,
The Board of Administration, Public R5,ployees+ Petiremcnt System hereinafter
referred to as Board, and the CITY C ONMIL of the CITY OF DURM G-4:t1, hereinafter
referred to as Public A€,ency, having; entered into a contract anger date of July 60
191:2, effective July I, 1942, and as asended effective Febrk ary 1, 1954, July 1,
1956, April 1, 1963, March 1. 1964, April 1, 1965, '•'arch 16, 1967s and `rover{ber 1,
1968s which provides for :participation of Public Agency in said `systems Board and
Public Agency hereby agree as follows:
A. The following subparagraph small be added to paragraph 7 of said Contract:
7 (9) Section_ 21365.5 (providing a monthly allowance in lie-,, of the
basic death benefit for certain survivors of a member who pies
in e:mplgyment after qualifying for volentary service retiromort).
B. Paragraphs 8 (a) end 8 (b) shall be stricken from said Contract and the
follo-,airg paragssphs s lbztituted therefore
8 (a) With respect to vaiscellamoas r.:o bers, the public a _envy shall
contributes the foilowAn- percentages of r.;on'Chly sal Tics earned
as pi.scellaneous mmiloers of said Systems
(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 19.abi'lity for current service
benefits.
8 (a) 'With reaaect to local safoty :members, the public Sc.-oncy shall con-
tribute he foll(wlnZ percentages of monthly salaries canned as
local safety mombers o: said Syctemt
(1) 3.519 percent until June 30, 1972 on account of the liability
for prior service benefits.
(2) 114.3414 porcant on account of the liability for current service
benefits.
C. This anen-?ment shall be attached to said Contract and shall become effec-
tive on the day of
Vlitness our hands this
BOARD OF Al °I ,s MDATIC F
PUBLIC iF'LCaYa. ,' HOTL' ,.,;T SYSTEM
BY
t�i..lin.. z. i'rEyn-:, .�Aec:.tive E)Ificer
day of
CITY C06`3CIL O? T12
e ^n
CITY OF Ebu T_I' .er"..`'
PrE<s;sdap^arf �i �r��
i
Attest:
Clerk~-�