HomeMy WebLinkAboutReso - CC - 001-1965f
RESOLUTION OF INT&ITION TO APPROVE AN
AMENJMj:,%"T Td CONTRACT BETWtXN THE
BOARL OF AiM!NlbT`i.ATIOH OF THE
BTATE ::M?L� YE ' �-'TIREr,:,NT S,YST .M A;I'i THE
CITY COUWWIL
OF THE
CI" Y OF KIRLINGAME
WHEREAS, the State :employees' Retirement Law ;permits the participation of public
agencies and their employees in the State Employees' Retirement System
by the execution of a contract, ano sets forth the procedure by which
said`p•i".lic agencies may elect to subject themselves and their employees
to amendments to said law; and
WNERtu.S, one step in said procedure is the acoation by the legislative body of
the n•:tlic areney of a resolution giving notice of its intention to
aonrove an amendment to said contract, which resolution shall contain
a si.rtmary of the changes ~)rn•>osed in said contract; and
WHEREAS, the fnl lowi ng is a sxrtmary of the oroposed changes:
1. A ono' thly allowance shall be paid to certain s�irvivors of a
memher who ie.s before retirement.
2. To provide for an election by members to contribute and receive
current service credit for service rendered prior to memberiahia.
?IOW, TH='RLFORE, E? " IT R:1S0LYZ.. that the CITY COLNCIL of the CITY GF BURLINGAME gives,
and it does t,ereby give ?iotice of intention to approve an amendment to
contract between said CITY GOU•iCIL and the Board of kiomi:iistration of the
State Employees$ Retirement System, a summary of the ma#or changes of the
proposed amendment arc a copy of said amendment being attached hereto,
marked Exhit�its "A" and "H" and by this reference nave a part hereof.
Ui V-u ZIL
OF .I:riE
CITY Of D: P i OAM
FAY
arse)'
122
6. The special death benefit provided the widow of a safety member whose
death is "in line of duty" is a monti.ly allowance equal to one-half of
the member's "final compensati n." If the widow is also eligible for a
benefit ar le. the survivor t-z-ran herein describer'., she will not receive
both benefits, rather she will receive the larger of the two.
COST TO THE F111PLO LE
Each employee will contribute $2.00 a month in addition to his normal retire-
ment contributions. He will continue to pay this additional amount until either
termination of employment or retirement and under no circumstances will they be
refundable.
EFFECTIVE DATE
These survivor benefits will become effective on (date).
All present members of the System will be given the opportunity by written ballot to
select this survivor coverage. Persons who choose coverage will remain covered until
they +erminate their employment or retire. IT IS NOT NOW PROVIDIr`D that.persons, who
do no- choose coverage will be allowed to choose coverage at a later date. -
o-, agencies not covered under OASDI all future employees would be mandatorily
erive7c -.nd_r th-is program. For agencies who are covered under OASDI all future
erzl.)-,ee= e--e mandatorily covered under OASDI and, therefore, are not eligible for
th iY::'S 6b v- pro* benefits.
Untie: the survivor program, if a member passes away before retirement
lenv_:r,P,8 widow and four children, the widow would receive a monthly income of $250
ur.ti:. much tinir as the three oldest children have passed age 18 (so that she now only
has one child under the age of 18) at which time her benefit would be reduced to
$180. The $180 would continue to be paid until the last child passes the age of 18
at which time the payment would cease until the widow reaches the age of 62. She
would then receive $90 a month for the remainder of her lifetime. The widow ceases
to be eligible for her benefit when she remarries although benefits would continue
to any remaining children under the age of 18.
Ret. Form 1171-2 (1/60) 300
EXHIBIT A
ThA
-1 R Y-TIM tA 3T 3
1u;' 17
I r-I-:*4- aftt-r
he 14�ru
refart,tld to an imar',110 arutho
re 01
ferr" to 49 OWCUe AqAncy,, h*,TirW entered iivta a contrwct zwer 4t.e of --ay- 6,
16 effective J'-LL-; Lj 1942 and as sitan..;iK. erfective February 1, 19540 W-AlY 1.9
1956, Amril 1. 1963 and lo',mr-ell-i 1, 1964,, rich-,rovid" for mrtitipation -vf Iublie
e-e-*y In 3miL, ".'rx*pjm i I1tcr, .
neroby &xree at r-1110wel
1. The fi-llovina paravra:)tr wiall b* addou to ftragraph 7 of said '-ontractt
7 (11) '-rticlo 6, :J-aoter ;'7' ' - 1.
# (:-,roviatm; for
for $,-arvivors of safety eo"r" under the prarram v-xir
de*V: heftwe rot tire.jent) gt::aIq apply,
7 (11) "action 2:)Au'.5 'I';jrvviu,iN,, for an ele%Aion by %*:*Ora to col-,-
tribi�t* aniu reative curr*nt service cro-jit for thc, service
rw,oer" -jmtor W %embership).
ph d(b) stall -oa aule.-Wod tc tad corce t.
3. -arwraph 3(e) aul&ij be afidm3 to u ;As fg:.kowe;
menu. for sact-, meptoor covered wwar oto
Of 'ectifm ;'1330u-7 (S�JLS
11 b
This SNPOilm-6-It V. AlAll Lv4P sttge�Oj t�: salle contrioct ;I-ac s:n& L acol
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iXH-1 BI i R
Benefits to Employees Under
SERS SURVIVOR BENEFITS
(Benefits provided by Sections 21380-21386 of the Retirement Law)
BENEFITS
Survivors of r._embers whc elect ccverage under the SERS survivor program and
whose death occurs before retirement will receive a monthly life income as follows:
Widow and two or more dependent children
or $250
Three or more dependent children, alone
Widow and one dependent child
or $180
Two dependent children, alone
Widow, alone, age 62 (widower age 65)
or $ 90
One dependent child, alone
If there is no widow or dependent child, then
to each dependent parent (mother 62, father 65) $ 90
Conditions:
1. A dependent child is one under the age of 18 and unmarried, or a disabled
child of any age who has been continuously disabled since age 18.
2. A widow ceases to be eligible for a benefit upon her remarriage.
3. A widower will be eligible for a benefit the same as a widow provided he
was dependent upon the deceased member for at least one-half of his
support.
4. The basic death bene"Ut currently included in your retirement program pro-
vides that should a m_I er die prior to his retirement, his beneficiary
would be paid the member saccumulated contributions plus an additional
_ amount equal to one -month' -salary for each year of service, up to a maximum
Of six months. The above survivor benefits will be payable in addition to
any basic death benefit the survivor may be entitled t:� receive.
5. If a member is covered under both the S12S survivor benefit described abovt,
and the survivor benefits as provided in Section 21365.5 of the Retiremen.
Llav (Section 21j37 f r safety members), the survivor would receive the
gr-ater of the twro allowances, lrr.iT n A both.
Rot. Form.1171-1 it/60) 3Cx