Loading...
HomeMy WebLinkAbout1982-03-16; City Council; 6932; Amendment to PERS Contract for Safety EmployeesI CIT . OF CARLSBAD — AGENDA BILL AB�i 93z TITLE: DEPT. HD AMENDMENT TO PERS CONTRACT FOR MTQ, 3/16/82 SAFETY EMPLOYEES. CITY ATTYy�'� DEPT. CM CITY MQR.ow� RECOMMENDED ACTION: 1. Adopt Resolution of Intention to amend PERS contract Resolution No. �( 8� 2. Introduce Ordinance No. Ja qr amending the PERS Contract for Police and Fire Safety Employees. r Ci 00 1 ITEM EXPLANATION: z° In 1979, the City Council agreed to amend the contract with the Public Employees' Retirement System (PERS) for police and fire i employees to include 2% at 50 full formula retirement provisions o to be effective June 30, 1982. The City Council needs to take two actions to implement the proposed revisions to the retirement contract; adoption of a resolution ' of intention and introduction of the ordinance to amend the contract. cd FISCAL IMPACT: The city presently contributes an amount equal to 18.309% of a salary for PERS retirement for each police and fire safety + employee at an annual cost of approximately $452,842. The j addition of the above retirement provision will increase the ' city's retirement contribution rate to 27.603%, an increase in the rate of 9.294 or $229,870 annually. Total retirement ti costs for police and fire department safety employees with j this amendment is estimated at approximately $682,712 annually at current salary levels. 'EXHIBIT: ; w 1. Resolution of Intention to amend PERS Contract 3 Resolution No. � 2. Ordinance No. n- amending the PERS Contract for ,Police and Fire Safety Q Q Employees. Z O V a z 0 O c� 1 • f,-- Resolution No. 6813 1. 'LLfi �/I n ii ., RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF CARLSBAD WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies and their employee3 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 them- selves and their employees to amendments to said Law; and WHEREAS, one of the steps in the procedure to amend this contract is the adoption by the legislative body of the,public agency of a resolu- tion 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 WHEREAS, the following is a statement'of the proposed change: To provide for a formula change from 1/2 at 55 Full Formula to 2% at 50 Full Formula. ; NOW, THEREFORE, BE IT RESOLVED, that the governing body of the above agency { gives, and it does hereby give notice of intention to approve an amendment to the contract between the said governing body 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. i ? NAME MAYOR TITLE March_16, 1982 Date adopted and approv—e-dT Ret. Form 122 1 2 3 4 .J 61 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 r11, ORDINANCE NO.- 1248 .AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN'CITY COUNCIL AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. The City Council of the City of Carlsbad does ordain as^follows: SECTION 1. That an amendment to the Contract between the City Council of the City of Carlsbad and the Board of Administra- tion, 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 Carlsbad is hereby authorized, empowered, and directed'to execute said amendment for and on behalf of said Agency. SECTION 3. Thia Ordinance shall take effect 30 days after the date of its adoption, and prior to the expiration of 15 days from the adoption thereof shall be published at least once in the Carlsbad Journal, a newspaper of general .circulation, published and circulated in the City of Carlsbad and thenceforth and thereafter the same 'shall be in full force and effect. INTRODUCED AND FIRST READ at a regular meeting of the Carlsbad City Council held on the 16th day of March 1982, and thereafter xx xx t I PASSED,_APPROVED, AND ADOPTED .at a regular meeting of the 2 City Council of the City of Carlsbad, California, orr the 6th day 3 of Aprils 1982, by the following vote, to wit: 4 AYES: Council Barbers Packard, Casler, Anear, Kris and Kulchin { 5 6 NOES: None ABSENT: None//e•.� ��,/�✓ , RONALD C. PACKARD, Mayor « • 7 i . g ATTEST: F i 10 ALETIiA L. RAUTENKRANZ, City Cle k } i1 12 i ' 14 (SEAL) + 15 i i 16 17• . ' 18 19 4 i 20 j 21 ! 22 1 23 •24 25 { 26 27 2. ' 28 -A e t" EXHIBIT A AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIRE01 NT SYSTEM AND THE CITY COUNCIL OF THE j CITY OF CARLSBAD The Board of Adrinistration, Public Employees' Retirement System, herein- after referred to as Board, and the governing body of above public agency, hereinafter referred to as Public Agency, having entered into a contr^•:t under date of December 23, 1955, effective January 1, 1956, and as amended effective July 1, 1957, January 1, 1959, March 5, 1959, March 18, 1975, April 1, 1975, August 18, 1977, June 21, 1980 and January 1, 1981, which provides for participation of Public Agency in said System, Board and Public Agency hereby i agree as follows: A. Paragraphs 1 through 10 are hereby stricken from said contract as executed effective January 1, 1981, and hereby replaced by the following paragraphs numbered 1 through 10 inclusive: 1. All words and tms used herein which are defined in the Public Employees' Retircftit Law shall have the meaning as defined therein unless otherwise s4 fically provided. "Normal retirement age" shall mean age 60 for loc iscellaneous and age 50 for local safety members. �Q 2. Public Agency shall part %r to in the Public Employees' Retirement System from and after Januai'��j1, 1956 making its employees as hereinafter provided, members d said System subject to all provisions Of the Public Employees' RetirE;U%Law except such as apply only on election of a contracting agency are not provided for herein and to all amendments to said Law hereaejrcry enacted except such a:; by express provisions thereof apply only ! the election of contracting '. agencies. P ; 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 Firemen (herein referred to as local safety members); b. Local Policemen (herein -referred to as local safety members); C. Employees other than local safety -members (herein referred to as local miscellaneous members). , •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 NO ADDITIONAL EXCLUSIONS i 4. The fraction of final compensation to be provided for focal miscellaneous members for each year of oredited prior and current service shall be that provided in Section 21251.17• subject to the reduction provided therein for service on or after June 1, V958 and prior to December 31, 1980 for members whose service has been included in Federal Social Security. 5. The fraction 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 21252.01 of said Retirement Law { (2% at age 50 Full). 6. The following additional provisions of the Public Employees,' Retire- ment Law which apply only upon election of a contracting agency shall apply to the Public Agency and its employees: a. Section 20952.5 (Age 50 voluntary retirement) for local safety members only. b. Sections 21263/21263.1 (Pos- retirement survivor allowance). C. Section 20020 ("Local Policd�!�}" shall include persons assigned to identification and co=Tani%44 ion duties in the Police Depart- ment who are not now local sa o9.members and who were in such employment on August 4., 4' 72, �V elected safety membership with- in 60 days of the contract amendt dated March 18, 1975)• d. Section 20862.8 (Unused sick .leave cait) for local miscellaneous members only. ° e. Sections 213$0-21387, (1959 Survivors Pram), excluding Section 213$2.2 (Increased 1959 Survivors berefi%), for local safety 1 members only. �► } f. Section 20024.2 (One-year final compensatioor local miscellaneous members only. • 1 g. Section 21298 (Increased non -industrial disability allowance) for local miscellaneous members only. h. Sections 21380-21387; including Section 21382.2 (1959 Survivors Program with increased benefits) for local miscellaneous members only. 7. Public Agency, in accordance with Section 20740, Government Code, ceased to be an"employer" for purposes of Chapter 6 of the Public Employees' Retirement Law effective,on August 18, 1977. Accumula�nd contributions of Public Agency as of the aforementioned date shall be fixed and determined as provided in Section 20759, Government Code, and accumulated contributions an of the aforementioned date and contributions thereafter made stiallbe held by the Board as provided in Section 20759, Government Code. 8. Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the agency shall con- tribute the following percentages of monthly salaries earned as miscellaneous members of said Retirement System: 0) 0.032 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 13.040 percent on account of the liability for current service benefits. (3) 1.000 percent on account of the liability for the 1959 Survivor Program. b. With respect to local .S$fety members, the agency shall contribute the following pereentaog�s of monthly salaries earned as local safety members of said' tirement System: (1) 0.045 percent untilt'Oune 30, 2000 on account of the liability for prior Qrvice benefits. (2) 27.058 percent on ac t of the liability for current service benefits. 0 ON/ 0.500 percent on accouny�of the liability for.the 1959 Survivor Program. C. A reasonable amount per annum,� fixed bythe Boards the to cover the costs of administering said ..y.,� msit Public Agency, not including theQosts of sof pecial' valuations or of the periodic investigation an.valuations required by law. f d. A reasonable amount as fixed by the Board,'payable in one install- ment as the occasions arise, to cover the costs of special valua- tions on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 9. 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 the experience under the Retirement System as determined by the periodic investigation and valuation required by said Retirement Law. 10. 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 or as may be proscribed 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, or adjustments on account of errors in contributions required of any employee may be made by direct cash pnyments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. • B: This amendment shall be attached to said contract and shall be effective on the day of 19 . Witness our hands the day of 19 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM. OF THE CITY OF CARLSBAD BY _ BY�b Carl J. Blechinger, Executive Officer PiT iding Officer Approved as to form: AtteIt A ?YY , Cyf this G. Besemer, legal Office,.Date CIexk PERS CC702 w