HomeMy WebLinkAboutOrdinance #2031 ORDINANCE NO. 2031
AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH
AUTHORIZING AN AMENDMENT TO THE CONTRACT BE-
TWEEN THE CITY COUNCIL OF THE CITY OF HUNTINGTON
BEACH AND THE BOARD OF ADMINISTRATION OF THE
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
The City Council of the City of Huntington Beach does
ordain as follows :
SECTION 1 . That an amendment to the Contract of the
City of Huntington Beach 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 Huntington Beach is
hereby authorized, empowered, and directed to execute said
amendment for and on behalf of said agency .
SECTION 3. This ordinance shall take effect thirty days
after its adoption. The City Clerk shall certify to the pas-
sage of this ordinance and cause same to be published within
fifteen days after adoption in the Huntington Beach News , a
weekly newspaper of general circulation, printed and published
in Huntington Beach, California.
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the 19th
day of January, 1976 .
ATTEST: Mayor
City Clerk
APPROVED AS TO CONTENT: APPROVED AS TO FORM:
City Administrator Ci y At or �p 'Yn
MHM: er
x sexy +
�e� w.di a. ♦ t :<x A .Ay. k Y '� ! v -' -iW E i. >p Y � _Y . '• .,. R �, ^�-.
• i{ n,:..p ...a '.y a g A
V9 ! A' 4 '. F A ',! b ♦.:. w.: r,. wq a ..A 8. a { A a �... A +.•*�x q-.:.�A.
a,a
IA
I ARa X _t{ ; A
e..
�„ //'.�!�.su.,�uK:i4rf. __ �w..r[..w.a,w.r.�..w.._.I �-- •
{ M
f
KUlf iCATtON AF FIMNL
ACTION OF GOYirRN1J1,I
PATE; January 20, 1976
Board of Administration
Public Employees' Retirement System
P.O. Box 1953
Sacramento, California 95809
i hereby certify:
That the City Council of the City of Huntington Beach
.rrr.rrr�.rr +.rwrr.r..r.rrrr..rrr rri
Ql forrni,l r.. r.. adopted on January 19, 1976 by an affirmative
vote of a majority of the members of said governing body;
Ordinance No. .203311 approving the attached amendment to contract
between the governing body of said Agency and the Board of Administration of the
Public Employees' Retirement System, a certified copy of said amendment to contract.
in the form furnished by said Board of Administration being attached hereto,
city Clurk or SawmaKWX
VED AS TO FORM
city of Huntinc{&gn B-gch^w.rrrr i .rrw
.............. Name of Agency
DON i'. BONf'A
City Attorney
PERS-ACT-5 (1/74)
. PUOLIC EMPLOYEES' RETIREMENT SYSTEM ACTUARIAL VALUATION REPORT
PERS-ACT-14 (7/75)
AGENCY NAME: CITY OF TI118" n1kcs EMPLOYER NUMBER
1974 AC'1011 M Ai3W=08 1 8
PROPOSED FORMULA
A. Valuation specifications:
1. Valuation "as of" date
2. Formula 1/2 At 55
3. Normal Retirement Age 55
Lilo s I Yom;;% I UZ
4. Final ComPensat i on (years) ... ..?ir.0rmS.r.3, ILO! Es,
5. 1959 Survivors fee
1►l,�c+ss�t Yes
6. Post retirement Survivor a i l owance i ltoauardta A- Po 4,&,&*
9 Agency contribution rate for current
service (as % of member payroll)
a. For retirement benefits 110»1 i
b. For death benefits 0.106
c. For 1959 Survivors 0.075
d, Totalcurrent service. rate 10.37c>
C
C. Agency contribution for prior service
pp
fi
b. Contribution rate as % of member ' i
pAy ro i l until _...�._r.-....�.r _ _......�....._..,..,..
u. Total Agency Contributions:
a. Total Agency Contribution Rate: 10.370
4
K1SUK YANG
CHIEF ACTUARY
Oatober 9l 1975
i
Ord. No. 2031
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Clerk of the City of Huntington Beach and ex-officio Clerk of the
City Council of the said City, do hereby certify that the whole number
of member$ of the City Council of the City of Huntington Beach is seven;
that the foregoing ordinance was read to said City Council at a regular
meeting thereof held on the 5th day of January
19 76 , and was again read to said City Council at a regular
meeting thereof held on the 19th day of January 19 76 and
was passed and adopted by the affirmative vote of more than a majority of
all the members of said City Council.
AYES: Councilmen:
Bartlett, Coen, Shipley, Duke, Gibbs
NOES: Councilmen:
None
ABSENT: Councilmen:
Wieder, Matney
City Clerk and ex-officio Clerk
of the City Council of the'City
of Huntington Beach, California
I, Alicia M. Wentworth CITY CLERK of the City of
Huntington Beach and ex-officio Clerk of the City
Council, do hereby/ certify th ;t this ordinance has
been published in the Huntington Beach stews//on
---- -- --- Q�:_- ..... 19 SY.
Inic:c-
VVIe.l. a; hay'er of said City.
ALICIA M. WENTWORTR
........................... ........•....
City Clerk
... .-......
Dpu...City Clark