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Ordinance 2114CITY OF ALAMEDA ORDINANCE NO. 2114 New Series AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY OF ALAMEDA AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ALAMEDA as follows: Section 1 . That an amendment to the Contract between the City Council of the City of Alameda and the Board of Adminis- tration, 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 is hereby authorized, empowered and directed to execute, and the City Clerk to attest, said amendment for and on behalf of the City of Alameda. Section 3 . This ordinance shall be published in the Alameda Times -Star, the official newspaper of the City of Alameda, as required by Section 3 -14 of the Alameda City Charter and shall be in full force and effect from and after the expiration of thirty (30) days from the date of its final passage. Attest: Ci y`"Clerkc'` G j . Presidy;xg Officer of the Council AMENDM NT TO CONTRACT BETWEEN THE BOARD OF A1`MINSSTRATCON PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE A ,4r4t- CITY OF ALAMEDA The Board of AdmiitiV�tion, Public Employees' Retirement System, hereinafter referred to a`]AS and the governing body of above public agency, hereinafter referred 'G�4 Public Agency, having entered into a contract under date of December 20% effective January 1, 1957, and zs mended effective February i, 1961, Y S1, j� 1, 1964, May 1, 1965, and October 1, 1973, which provides for participation 8f�,t&ic Agency in said System, licard and Public Agency hereby agree as follows: iYV ((y'i A. Paragraphs 1 through 8 are hereby stricken from said contract as es. ted effective October 1, 1973, and hereby replaced by the following para,- aphs numbered 1 through 9 inclusive: All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined then: in unless otherwise sl,�cifically provided. "Normal retirement age" shall mean age 60 for local miscellaneous members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1957 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 such as by express provisions 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 ciass as are excluded by law or this agreement: a. Employees other than local safety members (herein referred .o as local miscellaneous members). In addition to the classes of er,:ployeos excluded from mamt:r>_ah'. by said Retirement Law, the following classes of employees become members of said Retirement System: AW 1(C'st1tT. Y RATED NON -CIVII 7:3YZG a ERPLOYi:L'S HIRED 0" ' =1 :. :1111 LCCht, "1izaL';r1, IACAL i`i)7�1:CZ;iiF1Nq 4. Assets acw�i:rted uiih respect to members in the local retirement system have (i ri transferred to the Public Elmployees' Reti ,ureirr System and app tiL t �ri.nst the liability for prior service incurred thereunder. 'That p4 n of the assets so transferred represuriLing the accumulated contritSu;,�`� Niiis'' (plus interest thereupon) required of the employees under said 1iab,system has been credited to the individual membership account diif%ch such employee under the Public Employees' Retirement System. fj O 5. The fraction of final compensation to b rovided for local miscellaneous members for each year of credited prior and current service shall be that provided in Section 21251.13 subject to the reduction provided therein for service on or after January 1, 1959 and prior to January 1, 1983 for members whose service has been included in Federal Social Security. 6. The following additional provisions of the Public Employees' Retirement Law which apply only upon election of a contracting e.gency shall apply to the Public Agency and its employees: a. Sections 21380 -21387 (1959 Survivors Program), excluding Section 21382.2 (Increased 1959 Survivors benefits). b. Sections 21263/21263.1 (Post- retirement survivor allowance). 7. Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the agency shall contribute the following percentages of monthly salaries earned as miscellaneous members of said Retirement System: (1) 3.493 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 14.195 percent on account of the liability for current service benefits. (3) 0.400 percent on account of the liability for the 1959 Survivor Program. b. A reasonable amount, as fixed by the Hoard, payable in one installment within 60 days of date of contract to cover ti• costs of administering said System as it affects the e.mpioye­A Public Agency, not including the costs of special vr:, ,.ci. or of the periodic investigation and valuations required :,iy 1 . C. A reasonable amount as fixed by the Board, payable in „ne inntallment as the occasions arise, to enver tho coca acial valuations on account of employees of Public Agency, and co.ita of the periodic investigation and valuations required by lau. 8. •Coutrit 4 'oas rclu:Lrod of Public A3; ay and its <,,ipt ofoe6 a.:;,. subject to adjustment by Board on account of amendments to the Public Employeea' Retirement Law, and on account of the experience und.,r the Retirement System as determi.nc.d by the periodic investigation and valuation required by said Retirement Law. 9. Contributions required of Public Agency and its elLployees sn La 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 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, or adjustments on account of errors in contributions required of any employee may be made by direct cash payments between the employe. 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 1 19 Witness our hands the BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM day of 19 CITY COUNCIL OF THE CITY OF ALAMEDA Alp BY 00 _ BY CARL J. BLECHINGER, EXECU'PSVOB5�Uj;R Presiding Officer Approved as to form: At���,� Ceia /Besem er, Legal Office, Date Clerk PERS CON -702 I, 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 16th of November, 1982, by the following vote to wit: AYES: Councilmen Gorman, Sherratt, Stone and President Corica - 4. NOES: None. ABSENT: Councilman Diament - 1. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 17th day of November, 1982. - / q, PYA-1 , ' 57/7 -"' , , ,/-' Cit 1 of t o t4 ,/-5-f a