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Ordinance 1838CITY OF ALAMEDA ORDINANCE NO. 1838 New Series AMENDING ORDINANCE NO. 1082 N.S PROVIDING FOR CERTAIN AMENDMENTS TO THE PENSION SYSTEM FOR MEMBERS OF THE POLICE AND FIRE DEPARTMENTS OF THE CITY OF ALAMEDA ENTERING CITY SERVICE AFTER JANUARY 1, 1953 BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ALAMEDA that: Section 1. Sections 2, 6, 7, 8, 9, 11, 13, 14, 15, 16, 17, 19, 23 and 24 of Ordinance No. 1082 N.S. are hereby amended to read as follows: Section 2. Definitions. The following words and phrases used in this ordinance, unless a different meaning is plainly in- dicated in the context, shall have the following meanings; (a) "Accumulated contributions" shall mean the sum of all contributions deducted from the compensation of a member plus interest thereon at the rate declared by the Pension Board. (b) "Adjusted monthly allowance" shall mean a modified or un- modified allowance or benefit payable monthly under Sections 11, 12, 15 (b), 15 (c) or 16 of this ordinance after annual adjustments applicable under Section 24 have been added to the monthly allowance or benefit. (c) "Base monthly allowance" shall mean the adjusted monthly allowance for the base year. (d) "Base year" shall mean the calendar year prior to the year for which a monthly allowance is adjusted under the cost of living provision. -1- (e) "Beneficiary" shall mean a surviving spouse who has not remarried, the unmarried children of a member not yet twenty -one (21) years of age or any person or entity* designated as the named beneficiary by the member. (f) "Board" shall mean the Pension Board as created by Ordinance No. 1079 New Series, of the City of Alameda. (g) "City" shall mean the City of Alameda. (h) "Compensation" shall mean the annual base salary plus annual amount paid for holiday pay; uniform allowance: educational incentive pay, where the member had received it for the three (3) years prior to and at the time of retirement; and pay received as acting pay for at least twelve (12) consecu- tive months or received continuously immediately prior to the time of appointment or promotion to the position pre- viously held in an acting capacity. All items not specifically listed herein, including but not limited to, overtime, irregular acting pay and insurance, are not com- pensation as defined herein. (i) "Final compensation" shall mean the highest compensation earned by a member during any consecutive twelve (12) month period of service divided by twelve (12). (j) "Index" shall mean the annual "Consumer Price Index for the San Francisco- Oakland metropolitan area - -all items" pub- lished by the Bureau of Labor statistics of the United States Although "beneficiary" is not used for anything but lump sum pay- ments, "entity" will not apply (if future changes apply "benefi- ciary" to monthly payments) to monthly payments. -2- Department of Labor or the applicable successor thereto as determined by the Pension Board. (k) "Lesser pension" shall mean a pension less than the un- modified allowance based on modifications to the unmodified allowance. (1) "Member" shall mean any person who shall, subsequent to January 1, 1953, enter the regular employment of the City by accepting appointment to any position in the Police or Fire Department of the City of Alameda carrying any rate or' rank of service conferred upon police officers or fire fighters and any member of the pension system established by Ordinance No. 1079 New Series, who shall transfer his membership therein to the pension system. (m) "Pension Fund" shall mean the City of Alameda Police and Fire Pension Fund as established by Ordinance No. 1082 New Series, of the City of Alameda. (n) "Pension System" shall mean the City of Alameda Police and Fire Pension System established by Ordinance No. 1082 New Series, as amended. (o) "Permitted securities" shall mean those securities in which the Public Employees' Retirement System is permitted under Article 4 of Chapter 2 of the Public Employees' Retirement Law to invest its funds. (p) "Unmodified allowance" shall mean the maximum monthly retire - ment allowance payable to a member before adjusted pursuant to Section 24. (qf Wocds used in the masculine gentler sha:i1 include the -3- feminine and neuter genders, singular numbers shall include the plural and plural numbers the singular, and "widow" shall include "widower." Section 6 Management of Pension Fund The Board shall have exclusive control of the administration, investment and dis- bursement of said fund, subject to the restriction that no invest- ment shall be made except upon the affirmative vote of at least three (3) members of the Board, and subject also to the terms, conditions, limitations and restrictions imposed by the laws of the State of California upon the making of investments by savings banks, except as otherwise provided herein. The Board, subject to such provisions as may be prescribed by law for the deposit of municipal funds in banks, may deposit cash belonging to the Pension Fund in any licensed national bank or banks in this state, or in any bank, banks or corporations authorized or licensed to do a banking business and organized under the laws of this State. The Board, subject to such provisions as may be prescribed by law for the investment of municipal funds in permitted securities, may invest a maximum of twenty -five percent (25 %) of the pension fund in permitted securi- ties. The Treasurer of the City shall be the custodian of the Pension Fund, subject to the exclusive control of the Board as to the administration, deposit and investment of said fund. Interest on any cash and on any investment constituting a part of the said fund shall be paid into said fund as received. Except as herein provided, no member and no employee of the Board shall have any interest, direct or indirect, ii the making of any of said investments, or in the gains or profits accruing therefrom. No member or employee of the Board, directly or indirectly, for himself or as agent or partner of others, shall borrow any of its funds or deposits or in any manner use the same except to make such current and necessary payments as are authorized by the Board; nor shall any member or employee of the Board become an endorser or surety or become in any manner an obligor for moneys invested by the Board. Section 7 Contributions to Pension Fund by the City There shall be paid into the Pension Fund by the City annually from and after July 1, 1953, an amount which, together with the moneys in the Pension Fund contributed by the City and the members for the benefit of this pension system, shall be deemed sufficient to meet all liability for benefits provided herein. The amount to be contributed by the City shall be based upon the amount recommended in the last previous actuarial report on the pension system hereby established. The City shall further appropriate and pay annually "into the Pension Fund an amount sufficient to defray the administrative expense of the fund, the amount of which payment shall be based on estimates furnished by the Board. Section S contributions to Pension Fund by Members For each member entering the pension system the normal rate of con- tribution shall be nine percent (9 %) of the member's compensation. Should a member of the pension plan established by ordinance No. 1079 New Series, transfer his membership to the pension system, and it is hereby specifically provided that such transfer may be made under the conditions hereinafter set forth, its rate of contribution shall be nine percent (9%) of his -5- compensation. Upon the basis of any or all of the actuarial investigation, valuation and determination provided for herein, the Board may recommend revisions of the rates of contribution of members as it shall deem necessary to adequately finance the benefits which the normal rates of contribution are designed to produce. No adjustment shall be included in the revised rates for contributions made prior to the effective date of such revision. Section 9. Retention and Deposit of Members' Contribu- tions. The City Auditor is hereby authorized and directed to re- tain nine percent (9%) of the monthly compensation of each member. The moneys so retained shall be deposited in the Pension Fund. Section 11. Service Retirement -- Monthly Pension. A member shall be retired from service upon his written application to the Board if he has attained age fifty (50) and has to his credit at least ten (10) years of service in the aggregate. Such retire- ment may be made by the Board on its own motion, provided that the member has attained age fifty (50) and has to his credit twenty- five (25) years of service in the aggregate,-if such action be deemed by it to be for the good of the service. Every member who is in active service on his 60th birthday shall be retired from service on the first day of the calendar month next succeeding such birthday. Nothwithstanding the above, the City Manager, with prior approval of the Pension Board, may extend the service of a member for any period not in excess of the first day of the calendar month next succeeding his 62nd birthday. M Upon the retirement of a member as in this section provided, he shall be paid a pension in monthly installments during his life- time. The monthly installments shall be computed by multiplying the Percentage Factor in Table A-applicable to the member's Age of Retirement by the figure representing the actual number of years of service, in the aggregate, standing to his credit and multiplying the resultant thereof by the member's final compensation. The maximum allowance shall be seventy-five percent (75%) of final compensation for members of the pension system established by ordinance No- 1082 New Series and the maximum allowance shall be fifty percent (50%) for members of the pension system established by ordinance No. 1079 New Series who transfer their membership to the pension system established by Ordinance No. 1082 New Series, The following table shows the percentage factor to determine unmodified allowance for each year of credited service: TABLE A Age at Percentage Age at Percentage Retirement Factor Retirement Factor 50 2,000% 53 2.420% 50 1/4 2.035 53 1/4 2.455 50 1/2 2,070 53 1/2 2.490 50 3/4 2-105 53 3/4 2.525 51 2.140 54 2.560 51 1/4 2,175 54 1/4 2.595 51 1/2 2.210 54 1/2 2,630 51 3/4 2.245 54 3/4 2.665 52 2.280 55 and over 2.700 52 1/4 2.315 52 112 2-350 52 3/4 2.385 -7- Section 13 Compensation Insurance Cases (a) The monthly pension payable under this ordinance to a member retired for disability shall be reduced by the maximum amount of the monthly amount of any benefits paid or payable to him, permitted by law, for the same period under any workers' compensation insurance and safety laws of the State of California because of disability resulting in his retirement. In case any or all of the benefits to which any such member may be entitled under workers' compensation insurance and safety laws shall be awarded or paid in a lump sum, the monthly pension thereafter payable under Section 12 hereof shall be reduced, for that portion of the total period of time on which the award was based which remains after retirement is granted, by the maximum amount of the monthly rate on which such lump sum was computed, permitted by law. (b) In the case of a compensable death award, the pension payable to the dependents of the deceased member shall be reduced by the maximum amount of the monthly payment, permitted by law, received by the dependent under the award made for the death of the member, until such time as the entire amount so awarded shall have been paid. When full payment of the death award has been made, the dependents of the deceased member, who are beneficiaries under Section 15 (c) hereof, shall thereafter be paid the full amount of the pension provided for by Section 15 (c) of this ordinance, subject to all the conditions of said section 15 (c). S ection 14 _ Optional Modification of P ension . Until the First payment on account of any pension (whether ser ✓S_ce or disability) is made, the member may elect to receive in lieu of the unmodified allowance the actuarial equivalent of his pension at the time of his retirement as a lesser pension payable through- out his life, with one of the following options: (1) if he dies before he receives in pension payments the amount of his accumulated contributions as it stood at his retirement, the balance of such accumulated con- tributions shall be paid to his beneficiary. (2) Upon his death, his lesser pension shall be continued throughout the life of and paid to his surviving spouse, provided she was his wife at least one (1) year prior to his retirement. Section 15. Death Benefits Prior to Retirement--Basic and Special. (a) Basic Benefit: The beneficiary of any member who shall die, I nrior to his retirement, as the result of illness, accident or other cause not connected with the performance of his duties in the Police or Fire Department, shall receive a basic death benefit which shall consist of accumulated contributions and interest of the member plus an amount equal to the sum of one month's salary for each year of membership in the pension system, to a maximum of six (6) years of service. One month's salary hereunder shall be computed by dividing the salary received by the member during the twelve (12) months immediately preceding his death by twelve (12). (b) optional Modification of Basic Benefit: in lieu of the basics dea!-h benefit the widow of a member who had at least five -9- (5) years of membership at the time of death may elect, not later than ninety (90) days after the Pension Board has determined that the death is not service-connected, to allow the member's accumu- lated contributions to remain in the Pension Fund. If the widow elects to leave the member's contributions in the fund, the widow shall receive a monthly benefit, under the same conditions as provided under Section 16, at such time as the member would have reached age fifty (50) and would have become eligible to apply for a service retirement. This benefit shall be one-half (1/2) the amount computed pursuant to Section 11 by applying Section 11 as if the member had been age fifty (50) at the time of his death and based on the years of service standing to his credit at the time of his death and his final compensation at the time of his death. Should the widow die or remarry prior to becoming eligible for this optional modification, the basic death benefit shall be paid to the beneficiary, but no additional payments shall be made. This paragraph of Section 15 shall become effective January 1, 1978. No determination that death was not service-connected shall be effective hereunder prior to January 1, 1978. (c) special Benefit: if a member dies prior to his retire- ment and his death was service-connected in the judgment of the workers' Compensation Appeals Board, a monthly income shall be paid to the widow for life or until her remarriage as the exclu- sive death benefit. The adjusted monthly allowance shall be based upon fifty percent (50Y.) of final compensation. If there be no such widow or if a widow receiving such pension sLaLl die or remarry before all children of the deceased member sTaLl have _10- attained age 21, the benefit herein provided for shall be dis - tributed among his unmarried children under age 21, until such time as every child attains age 21 or dies. In the event the special death benefit herein provided for is payable, it shall be in lieu of the basic death benefit_ Section 16 Death Benefit After Retirement In the event of the death of a member retired for service or disability, whether ordinary or service - connected, and who elected to receive the unmodified allowance, his widow, provided that the widow was his spouse at least one (1) year prior to his retirement, shall be eligible to have one -half (1/2) of his adjusted monthly allowance continued throughout the widow's life or until remarriage. In case of the death of the widow, the City agrees to continue to distribute the benefit herein provided for among the minor children of the member until they either marry or reach age 21, whichever occurs first This section shall become effective July 1, 1977. Section 17 Refund 'of Accumulated Contributions If the service of a member is discontinued for any reason, and if the member has less than ten (10) years of credited service at the time of separation, he shall be paid said accumulated contribu- tions, with interest, within sixty (60) days after the termination of his services. Section 19 Deferred Retirement If the service of a member is terminated for any cause except dismissal or discharge for any of the reasons enumerated in Section 25 of this ordinance, and if the ,member has ten (10) years or more of service in the -11 aggregate, he shall have the right to elect, not later than ninety (90) days after the date upon which notice of said right is mailed to the member's last address on file in the office of the system, to allow his accumulated contributions to remain in the Pension Fund. Failure to make election shall be deemed an election to withdraw his accumulated contributions. If the member chooses to leave his accumulated contributions in the Fund, he shall be subject to the same age requirements as apply to other members for service retirement, but shall not be subject to the minimum service requirement. After qualification of such member for retirement he shall be entitled to receive a pension based on his accumulated contributions and on the years of service standing to his credit at the time of retirement. Upon the death of such a member prior to retirement, as in this section provided for, his accumulated contributions and interest shall be paid to his named beneficiary, but no additional payment on account of his death shall be made. Section 23 Annual Reports of Pensioners -- Assignment to Duty in Emergency--Discontinuance or Sus erasion of Pension. All persons who shall have been retired under any of the provi- sions of this ordinance shall return signed such annual reports to the Board as the Board may direct to them, and in case of great public emergency may be assigned to and shall perform such duties as the chief of their respective department shall direct. No pensioner shall be so assigned to work in any department except that from which he shall have been retired and that he can perform -12- without adversely affecting his health. In the case of any pensioner or beneficiary or trustee, guardian or conservator thereof who fails to report to the Chief of his department or the Pension Board, as required, after having received notice of such failure, and upon satisfactory proof that said notice was received, or shall disobey the requirements of the Board, said Board may order that the pension allowance shall immediately cease or be suspended. Section 24 , Cost -of -Livia Ad (a) Annual adjustment: There shall be added to the base monthly allowance annually an adjustment for time commencing on January 1, 1979 and effective as the adjusted monthly allowance regularly payable on February 1, 1979. The adjustment shall be computed by subtracting the index for the year prior to the base year from the index for the base year, dividing the difference by the ;.ndex for the year prior to the base year and multiplying the quotient by the base monthly allowance. Such adjustment shall be subject to the conditions and limitations provided in this ordinance. (b) If an increase in the adjusted monthly allowance would exceed two percent (2%) of the base monthly allowance under sub- section (a) then the annual adjustment shall be computed by multiplying two percent (2%) times the base monthly allowance and the computation sentence of subsection (a) shall not be applicable. (c) Application allowances payable prior to January 1, 179: Commencing January 1, 1979, this section shall apply to adjusted monthly allowances payable prior to said date. The adjustments to such allowances shall be computed as if this sec- tion had existed at the date such allowance became payable. No adjustment or payment for years prior to January 1, 1979, shall be made. Section 2 . Section 3 of Ordinance No. 1082 N.S. is hereby amended, in order to correct a typographical error therein, by amending the first sentence of the fifth paragraph to read: Appointive Trustees may be removed from the Board by the vote of four (4) members of the City Council. Section 3 . Except as stated in paragraph (b) of Section 15 C3 C" " < p 1�ca d (January 1, 1978), Section 16 (July 1, 1977) and paragraphs (a) and (c) of Section 24 (January 1, 1979), this ordinance shall be effective January 1, 1977. Attest: City Clerk Presi<W Officer of the Council -14- 1, the undersigned, hereby certify that the foregoing Ordinance was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 7th day of December, 1976, by the following vote, to wit: AYES: Councilmen Beckam, Diament, Hurwitz, Sherratt and President Corica, (5). NOES: None. ABSENT: None. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 8th day of December, 1976. C t j y Clerk of the City of Alameda