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HomeMy WebLinkAboutCity Council - 3221 RESOLUTION NO. 3221 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH OF NOTICE OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT WITH THE BOARD OF ADMINI- STRATION OF THE PUBLIC EMPLOYEES ' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH 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 Procedures by which said public agencies may elect to subject themselves and their employees to amendments to said law; and One of the steps required in the procedure to amend this con- tract is the adoption by the legislative body of the public agency of a resolution giving notice of its intention to approve an amend- ment to said contract , which resolution shall contain a summary of the changes proposed in said contract; and The following is a summary of the proposed change : 1 . Provides for age 50 (instead of 55) as the minimum voluntary service retirement age for local safety members with benefit payments commencing prior to age 55 subject to actuarial discount . 2 . A monthly allowance shall be paid to certain survivors of a member who dies before retirement . NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Huntington Beach hereby gives notice of intention to approve an amendment to the contract between the City Council and the Board of Administration of the Public Employees ' Retirement System, a copy of said amendment and a summary of the major provi- sions of the proposed changes being attached hereto, marked Exhibits 1 . "A" and "B" and by this reference made a part hereof. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 5th day of October, 1970 . Mayor ATTEST: Pail C. Jones City Clerk B - �\ Assistant ity er APPROVED AS TO FORM: City Attorney 2 . , . EXHIBIT A AIMIDME_'JT TO CO 1T?�t C_ BETtIEE_T THE BOARD OF AD T Ir:ISTRATIOIt PUBLIC EMPLOYS I RLTIREII22NT SYST 1 . ` AND THE CITY COUNTCIL . : , OF T��E + CITY OF I-;tj lTl tGTO v BEACH CH The Board of Administration, Public Employees! Retirement System, hereinafter referred to as Board and the CITY C0U'dCL`of the CITY Or iu::TTNGTOPdACh, herein- after referred to as Public Agency having entered into a contract under date of October 27! 1945, effective October 1, 1945, and as amended effective January 1, 1950, March 1, 1952 November 1, 1957, larch 1, 1958, and October 1, 1961, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. -Paragraphs 1 through 10 are hereby stricken from said contract as executed effective October 1,;1945, and are hereby replaced by the following paragraphs numbered 1 through 11 inclusive: 1. All words and terms used herein unich are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otheinwise specifically provided. "Normal retirement age" shall mean age 60 for miscellaneous members and age 55 for local safety mernbers. 2. Public Agency shall participate in the Public Emloyeesi Retirement' System from and after October 1, 1945, making its employees as here- inafter provided, members of said system subject to all provisions of the Dublic E.�z�loyees I y etirerent 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 nereaiter enacted except such as by express provision thereof apply only on the election of contracting agencies., 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 lake or this agreement: a. Local firemen (herein referred to as local safety members); b. Local policemen (herein referred to as local safety members); c. City Life -cards employed on ocean beaches (herein referred to as local safety members); d. Employees other than local firemen and local-policemen and city lifeguards (herein referred -to as miscellaneous members). The following employes shall be excluded from : embership in said Retirement System: NO ADDITIONAL EXCLUSIO'is R.et. 10orm 702-1 f.. .rj 4. The fraction of final compensation to be provided for each year of credited current service as a miscellaneous Member upon retirement at normal retirement age shall be 1/60 and shall be applied as pro- vided in Section 21251.1 of said .Retirement Law. 5. The fraction of final compensation to be provided for each year of credited current service as a local safety member shall be determined in accordance with Section 21252.1 of said Retirement Law. b. Benefits on account of prior service shall be 100% of the fraction of final com,_oensation speci pied for miscellaneous members in Para- graph 4 above, but computed in accordance with Section 21253 of said Retirement Law, and for local safety members shall be 100'(, of the fraction established in accordance with 2 aragraph ?. 7. Contributions for miscellaneous and local safety members shall be subjcct to Sections 20601 and 20602 respectively of said Retirement Law. 8. The following additional -provisions of the Public Rmoloreesr Retire- .11 ment Law Vrcich apply only upon election of a contracting agency shall apply to the PublicAgency and its employees: a. Section 20024.01 (defining -"final compensation" on the basis of a period of three consecutive years), b. Section 21258(b) (providing a minimum retirement allowance of 720.00 per year under certain conditions). c. -Section 21367 51 (providing a death benefit upon death after retirement) d. Section 20025 (providing for inclusion of co Densation without limit in computations where compensation is a factor). e. Section 20952.5 (providing for age 50 as the minimum voluntary retirement age for local safety members with benefit payments commencin prior to a e 55 subject to actuarial discount), f. Section 20019.3 (providing for the inclusion of lifeguards on ocean beaches as local safety : eabers) Ret. Form 702-2 ction 21251.3 (providing for the recalculation of allowances o persons retired prior to March 1, 1952, for time commencing on March 1 1952 in accordance with this contract as amended on March I, 1952, provided that no allowances are to be decreased by such recalculation). 41. Section 21380-7 (providing for allowances for survivors of a members covered under the program upon death before retirement). 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) 5.692 percent on account of the liability for current service benefits. (2) ° 95.00 per month for each member covered under the provisions of Section 21380-7 (1959 Survivors Program) b. With respect to local safety members, the public agency shall contribute the following percentages of monthly salaries earned as local safety members of said System: (1) 9.882 percent on account of the liability for current service benefits. (2) S5.00 per month for each member covered under the provisions of Section 21380-7 (1959 Survivors Program). c. A reasonable amount per annum, as fixed by Board to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or the periodical investigations and valuation required by law, provided that said amount shall be determined on the basis of the number of employees of Public Agency who are reported as members on a payroll designated by the System covering one month of each year, or with respect to the first year of participation, on the effective date of said participation. d. A reasonable amount as fixed by the Board, payable in one install- ment as the occasions arise, to cover costs of special valuations on account of employees of Public Agency, and costs of the period- ical investigation and valuation required by law. 10. 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 experience under the Retirement System, as determined by the periodical investigation and valuation-required `by_ said Retirement Law. Ret. Form 702-3 ll. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty days after the end of the period to which said contributions refer. If more or less than the correct amount of contribution is paid for any neriod, proper adjustment shall be made in connection with subsequent remittances or adjustment on account of errors in contributions re- quired of any employee may be made by direct cash payments between the employee and Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bark drafts, certified checks, money orders, or cash. B. This amendment shall be effective on the day of Witness our hands this day of BO'D OF AD.�IINIST.U-TIO.; CITY COUNCIL PUBLIC , -7LOY=S' R TIPME7,11T SYSM Or TIC CITY OF h` ,1TINGTON BMACH BY William E. Payne, :executive Officer Presidin;,of A pp Atte t �' Paul C. Jones Clerk B stant Tt _er Ret. Form 702- MIBIT B Benefits to Employees Under PERS SURVIVOR BENEFITS (Benefits provided by Sections 21380-21387 of the Retirement Law) BENEFITS Survivors of members who elect coverage under the PERS survivor program and whose death occurs before retirement will receive a monthly life income as follows: Widow and two or more dependent children $250 or Three or more dependent children, alone Widow and one dependent child w180 or Two dependent children, atone Widow, alone, age 62 (widower age 65) $fi 90 or One dependent child, alone If there is no widow or dependent child, then 90 to each dependent parent (mother 62, father 65) 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. (For purposes of the 1959 Survivor allowance, a person shall be considered under the age of 18 if he is an unmarried, full-time student betweenthe ages of 18 and 22.) 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 benefit currently included in your retirement program pro- vides that should a member die prior to his retirement, his beneficiary would be paid the member's accumulated contributions plus an additional amount equal to one-month's salary for each year of service, up to a max- imum of six months. The above survivor benefits will be payable in addition to any basic death benefit the survivor may be entitled to receive. 5. If a member is covered under both the PERS 1959 Survivor Benefit described above and the survivor benefits as provided in Section 21365.5 (1957 Survivors Benefit) of the Retirement Law, the survivor will be paid both benefits. 6. Section 21383 - If survivor is entitled to special death benefit and at the same time is entitled to receive a survivor allowance, the survivor allowance payable in any month shall be reduced by the amount of the special death benefit allowance. Ret. Form 1171-1 (Rev.1/70) COST TO THE EMPLOYEE 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 these contributions 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 terminate their employment or retire. IT IS NOT NOW PROVIDED that persons, who do not choose coverage will be allowed to choose coverage at a later date. For agencies not covered under QASDI all future employees would be mandatorily covered under this program. For agencies who are covered under OASDI all future:. employees are mandatorily covered under OASDI and, therefore, are not eligible for the PERS survivor benefits. EXAMPLE Under the PERS survivor program, if a member passes away before retirement leaving a widow and four children, the widow would receive a monthly income of $250 until such time 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. For purposes of the 1959 Survivor allowance, a person shall be considered under the age of 18 if he is an unmarried, full-time student between the ages of 18 and 22. Ret. Form 1171-2 (Rev. 10/69) Res. No. 3221 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss : CITY OF HUNTINGTON BEACH ) I , PAUL C. JONES, the duly elected, qualified and acting City Clerk of the City of Huntington Beach, and ex- officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council at a regular meeting thereof held on the Sth day of October lO 70 , by the following voter AYES: Councilmen: Gibbs, McCracken, Green, Matney, Coen, Shipley NOES: Councilmen: None ABSENT: Councilmen: Bartlett Paul C. Jones City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach,,. California Asszsban Czt er