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HomeMy WebLinkAboutCity Council - 2002-115 OF INTENT RESOLUTIONINO. 2002-115 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA 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 procedure by which said public agencies may elect to subject themselves and their employees to amendments to said Law; and One of the steps in the procedures to amend this contract is the adoption by the governing 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 change proposed in said contract; and The following is a statement of the proposed change: To provide Section 21574 (Fourth Level of 1959 Survivor Benefits) for local fire members_ NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency does hereby give notice of intention to approve an amendment to the contract between said public agency and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment being attached hereto, as an"Exhibit"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 18 day of November , 2002. ATTE CONNIE BROCKWI � City Clem � e Mayor REVIEWED AND APPROVED- APPROVED AS TO FORM: pp a City Administrator City Attorney (0 INITIATE PPR Director Administrative ervices G:I1,ES0LUW20021amend PERS.doc 1 Ca1PERS EXHIBIT California Public Employees' Retirement System AMEND EIS T NCO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the City Council City of Huntington Beach The Board of Administration, California Public Employees' Retirement System, Hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective October 1, 1945, and witnessed October 27, 1945, and as amended effective January 1, 1950, March 1, 1952, November 1, 1957, March 1, 1958, October 1, 1961, January 1, 1971, January 12, 1974, April 18, 1975, February 21, 1976, August 7, 1976, September 17, 1977,. September 30, 1978, June 6, 1981, March 18, 1982, February 24, 1983, December 4, 1986, March 18, 1988, November 4, 1999, April 20, 2000, .tune 30, 2001 and October 5, 2001 which provides for participation of Public Agency in said. System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective October 5, 2001, -and hereby replaced by the following paragraphs numbered 1 through 12 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System' from and after October 1, 1945 making its employees as hereinafter, provided, members of said System subject to all provisions of the Public Employees' Retirement 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 hereafter enacted except those, which by express provisions thereof, apply only on the election of a contracting agency. , -" "E DO NOT SIGN "EXHIBIT M,( 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 law or this agreement: a. Local Fire Fighters (herein referred to as local safety members);. b. Local Police Officers(herein referred to as local safety members); 1. Local Police Officers shall include individuals defined by Section 20020 of the Government code prior to its amendment at the 1975- 76 Regular Legislative Session, effective January 1, 1976, employed by Public Agency prior to such amendment. t. C. Ocean Beach Lifeguards (included as local safety members); d. Employees other than local safety members (herein referred to as local miscellaneous members). 4. In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become members of said Retirement System: a. CROSSING GUARDS, EMPLOYEES IN STUDENT DESIGNATED POSITIONS AND SENIOR :OUTREACH .ASSISTANTS HIRED ON AND AFTER MARCH 18, 1982; AND b. RESERVE FIRE FIGHTERS HIRED ON AND AFTER DECEMBER 4, 1986. 5. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member shall be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21362.2 of said Retirement Law (3°l0. at age 50 Full). 7. Public Agency elected and elects to be subject to the following optional provisions: a. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local safety members. b. Section 20421 ("Local Safety Member" shall include ocean beach lifeguards of a city as described in Government Code Section 20421}. I-LEASE DO NOT SIGN "EX1 I1BIT OKY" zo ai — i I s+ C. Sections 21624, 21626 and -21628 (Post-Retirement Survivor Allowance) for local fire members only. d. Section 20020.1 ("Local Police Officer' shall include employees of a police department who. were employed to perform identification or communication duties on August 4, 1972 and who elected to be local safety members within six months of April 18, 1975). Legislation repealed said Section effective January 1, 1985. e. Section 21024 (Military Service Credit as Public Service), Statutes of 1974. f. Section 20042 (One-Year Final Compensation). f g. Section 20903 (Two Years Additional Service Credit). h. Section 21037 (Cancellation of Payment for Optional Service Credit Upon Retirement for Industrial Disability) for local safety members only. i. Section 21573 (Third Level of 1959 Survivor Benefits) for local miscellaneous members only. 8. Public Agency, in accordance with Government Code Section 20790, ceased . to be an "employer' for purposes of Section 20834 effective on April 18, 1975. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 9. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 10. Public Agency shall also contribute to said Retirement System as follows: . a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21573 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members. b. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local safety members. C. A reasonable amount, as fixed by the Board, payable in one installment within 60 days of date of contract to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or of the periodic investigation and valuations required by law. d. A reasonable amount, as fixed by the Board, payable in one installment as the occasions arise, to cover the costs of special valuations on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 11. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' s, Retirement Law, and on account of the experience under the Retirement System as determined by the periodic investigation and valuation required by said Retirement Law. 12. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen days after the end of the period to which said contributions refer or as may be prescribed by Board regulation. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent. remittances.. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. B. This amendment shall be e#ective on the day of BOARD OF A[?MINISTRATIQ CITY COUNCIL PUBLIC EMPLOYEES' REff3€MENT SYSTEM CITY OF HUNTINGTON *H BY BY KENNETH W. MA , CHIEF PRESIDING OFFI ACTUARIAL & E �OYER SERVICES DIVISION PUBLIC EMPL ES' RETIREMENT SYSTEM Witness Attest: Clerk AMENDMENT ER#0097 PERS-CON-702A(Rev.M02) i 79995�rviur Bei�fit Pl�ag"am , The 1959 Survivor Benefit provides a monthly allowance to eligible survivors of members who were covered for this benefit program and died before retirement.This benefit coverage is available by contract amendment for those members who are not covered by federal Social Security with their employer. Covered members are required to pay a$2 monthly fee that is deducted from their salary specifically to fund the 1959 Survivor Benefit Program. The 1959 Survivor Benefit allowance is payable in addition to any other - pre-retirement death benefit paid by- Ca1PERS,with the exception of the'Special Death Benefit. If the 1959 Survivor Benefit is greater than the Special Death Benefit, then the difference is paid as the 1959 Survivor Benefit. Please refer to your CaIPERS Member Benefit Booklet for information on the Special Death Benefit i and other pre-retirement death benefits. Upon a member's pre- retirement death, the respective employer and surviving spouse or r On the cove C HINMO Calypso butbasa This shade-loving flower,also called the fairy slipper,grows among the redwoods on mossy logs, or on the forest door.Growing only up to six inches In height, this small!lower is one of the earliest to bloom, beginning in February.Its short stalk is topped by a delicate rose-pink orchid. a �. 011T dependent children are encouraged to , immediately contact CaIPERS.for assistance. F%Abrt iy BerieFtt W ds Currently,there are six different benefit levels.The applicable Ievel depends on the contract the employer has with Ca1PERS. County school members and State members are covered at Level 5. Local public agency members(city,county, or special district) may be covered by any of the first four levels or by the "indexed" level, depending on their employer's contract with CalPERS. Please refer to the following chart to determine the amounts payable under each level depending on the number of eligible survivors: Benefit Payments Three Senerit One Two or More Level Survivor Survivors Survivors Levell* $180 $360 $430 Level 2* $225 $450 $538 Level $350 $700 $840 Level $950 $1,900 $2.280 Level s $750 $1.500 $1,800 Indexed Level $500 $1,000 $1,500** * These levels are closed for new agency contract amendments after January 1, 1994. ** These benefit amounts wig increase 2 percent each January, begfnning in January 2001. 2 • • Zod;), - lid Digjble Swvivam Spouse: A surviving spouse is a husband or wife who was legally married to the member either one year before the member's death, or before the occurrence of the injury or onset of the illness that resulted in the member's death. A surviving spouse is entitled to the 1959 Survivor Benefit as long as they have care of an eligible child,OR are at least age 62 (age 60 at Level 4, 5, and under the Indexed Level). A surviving spouse may remarry and continue to receive their allowance. Children: An unmarried child of the member, or an unmarried stepchild (if the child was living with the member in a parent-child relationship) is eligible for benefits while . . under age 22.An unmarried child incapacitated because of a disability which began before attaining age 22 may be entitled to the benefit until the disability ends. If a child is in the care of a guardian or is living on their own,the child's portion of the benefit is payable to the guardian or to the child directly,rather than to the surviving spouse. Parents: A parent may be eligible if there is no surviving spouse or eligible children, and y the parents) was dependent on the member for at least half of their support at the time of the member's death. _ N • TaXWORity[Y The Benefit The 1959 Survivor Benefit is a taxable allowance and will be reported by Ca1PERS to the taut authorities each year on a Form 1099R Some surviving spouses are subject to a mandatory 20 percent federal withholding on all or a portion of their 1959 Survivor Benefit allowance. `. If the 20 percent federal withholding applies, a spouse may avoid the withholding if they elect to have the allowance directly rolled over into an individual retirement account (IRA). A form to elect a rollover will be provided at the time benefits are payable if the payee is subject to the mandatory ' 20 percent withholding. _ All or a portion of the allowance may be rolled over to an IRA, or else be subject to 20 percent withholding, under the following circumstances: • The entire allowance is subject to 20 percent withholding, or may be rolled t over to an IRA, if the payee is'a surviving spouse who has care of children who will all turn age 22 in less than 10 years from , the effective date of the allowance. • A portion of the allowance is subject to 20 percent withholding, or may be rolled over to an IRA,if: 1) the payee is a surviving spouse who has care of at least two children, and: 2) the payee will have care of only one eligible child in less than 10 years from the effective date of the allowance. �� 4 • The.20 percent withholding does not apply when a spouse receives the allowance at age 60 or 62. In any case,the surviving spouse is encouraged to call CalPERS for answers regarding their specific tax questions. Fv" I%Abrt--f rdkzTvaficwi If you have questions or need further information about the 1959 Survivor Benefit Program. please contact your nearest CalPERS Office. CalPERS Benefit Services Division P.O.Box 942716 Sacramento, CA 94229-2716 _ (916) 326-3848 or (800) 352-2238 (916) 326-3240—Telecommunications Device For the Deaf (916) 326-3933—FAX i Ca1PERS Regional Offices Refer to Do You Have The Right Number? (PERS-PUB-19) for a directory of CaiPERS Regional Offices locations. (Addresses are also available on the CalPERS On-Line web site). CalPERS On-Line www.calpers.ca.gov While reading this material,remember that we are governed by the California Public Employees' Retirement Law. The statements In this booklet are general. The retirement law is complex and subject to change. Therefore, if there is a conflict between the law and this booklet, any decisions will be based on the law. For specific tax questions,please call CalPERS or your tax adviser. 1 5 (�3 a r I Res. No. 2002-115 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, CONNIE BROCKWAY, the duly elected, qualified 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 at least a majority of all the members of said City Council at an regular meeting thereof held on the 18th day of November, 2002 by the following vote: AYES: Green, Dettloff, Boardman, Cook, Houchen, Winchell, Bauer NOES: None ABSENT: None ABSTAIN: None 'C`ONNIE BROCKW'AY City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California