Ordinance 2614CITY OF ALAEDA ORDINANCE NO 2614
AUTHORIZING AMENDMENT TO CONTRACT
BETWEEN THE BOARD OF ADMINISTRATION OF THE
PUBLIC EMPLOYEES I RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE
CITY OF ALAMEDA
BE IT ORDAINED by the Council of the City of Alamedathat:
Section 1 . That an amendment to the contract between theci ty Council of the ci ty of Alameda and the Board ofAdministration, California Public Employees I 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 Council is herebyauthorized, empowered , and directed to execute such amendment for
and on behalf of said Agency
section 3 This Ordinance shall take effect thirty (30)
days after the date of its adoption , and prior to the expiration offifteen (15) days from the passage thereof shall be published at
least once in the Alameda Times Star, a newspaper of generalcirculation, published and circulated in the City of Alameda and
thenceforth and thereafter the same shall be in full f ce andeffect
Presiding Officer of t Council
Attest :
AMENDMENT TO CONTRACT
BETWEEN
BOAR OF ADMINISTRATION
OF
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AN TH
CITY COUNCIL
OF
CIT OF ALAMEDA
The Board of Administration , Public Employees ' Retirement System , hereinafter referred to as Board
and the governing body of above public agency, hereinafter referred to as Public Agency, having entered
into a contract effective January 1 , 1957 , and witnessed December 20 , 1956 , and as amended effective
February 1 , 1961 , April 1 , 1964, May 1 , 1965 , October 1 , 1973, Januar 1, 1983 , July 1 , 1990
December 31 , 1990 , March 21 , 1991 , July 4 , 1991 and September 3 , 1992 , which provides for
paricipation of Public Agency in said System , Board and Public Agency hereby agree as follows:
Paragraphs 1 through 13 are hereby stricken from said contract as executed effective September
, 1992 , and hereby replaced by the following paragraphs numbered 1 through 13 inclusive:
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.
Public Agency shall paricipate in the Public Employees ' Retirement System from and
after Januar 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 those , which by express provisions
thereof, apply only on the election of a contracting agency.
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:
Local Fire Fighters (herein referred to as local safety members);
Local Police Offcers (herein referred to as local safety members).
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 RetirementSystem:
ALL HOURY RATED NON-CIVIL SERVICE EMPWYEES
IlRED ON OR AFER MAY 1 1965;
LOCAL BEALm DEPARTMENT EMPWYEESo
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-..-..--.. ..-. ... .."',
Assets heretofore accumulated with respect to local miscellaneous members in the local
retirement system have been transferred to the Public Employees ' Retirement System and
applied against the liabilty for prior service incurred thereunder. That portion of the
assets so transferred which represent the accumulated contributions (plus interest thereof)
required of the employees under said local system has been credited to the individual
membership account of each such employee under the Public Employees ' Retirement
System.
Assets heretofore accumulated with respect to local safety members in the local
retirement system have been transferred to the Public Employees ' Retirement System and
applied against the liabilty for prior service incurred thereunder. That portion of the
assets so transferred which represent the accumulated contributions (plus interest thereof)
required of the employees under said local system has been credited to the individual
membership account of each such employee under the Public Employees ' Retirement
System.
The percentage of final compensation to be provided for local miscellaneous members for
each year of credited prior and current service shall be determined in accordance with
Section 21251.13 of said Retirement Law , subject to the reduction provided therein for
service on and after January 1 , 1959 , the effective date of Social Security coverage , and
prior to December 31 , 1982 , termination of Social Security, for members whose service
has been included in Federal Social Security (2 % at 55 Full and Modified).
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
21252.01 of said Retirement Law (2 % at age 50 Full).
Public Agency elected to be subject to the following optional provisions:
Sections 21380-21387 (1959 Survivor Benefits) including Section 21382.4 (Tird
Level of 1959 Survivor Benefits).
Sections 21263 and 21263.1 (post-Retirement Survivor Allowance).
Section 20024.2 (One-Year Final Compensation).
Section 20835.1 (Limit Prior Service to Members Employed on Contract Date)
for local miscellaneous members only.
Section 20862.8 (Credit for Unused Sick Leave).
Section 21266 (post-Retirement Survivor Allowance to Continue After
Remarriage) for local safety members only.
Section 21361.5 (Local System Service Credit Included in Basic Death Benefit)
for local safety members only.
Section 20818 (fwo-Years Additional Service Credit) for local miscellaneous
members only.
10.Public Agency shall contribute to said Retirement System the contributions determined
by actuarial valuations of prior nd future service liabilty with respect to iocal
miscellaneous members and local safety members of said Retirement System.
11.Public Agency shall also contribute to said Retirement System as follows:
12.
Public Agency shall contribute $2.50 per employee , per month on account of the
liabilty for the 1959 Survivor Benefits provided under Section 21382.4 of said
Retirement Law. (Subject to annual change.In addition , all assets and
liabilties 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
and local safety members.
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.
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.
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.
13.Contributions required of Public Agency and its employees shall be paid by Public
Agency to the Retirem nt 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.
This amendment shall be effective on the day of
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT YSTEM
BY
CHIEF , CONTRACT ICES DIVISION
PUBLIC EMPLOY. RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF ALAMEDA
Presiding Offcer a
Attest:
Witness Date
PERS-CON-702 (AMENDMENT)
(Rev. 1/92)
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 15th day ofSeptember, 1992 , by the following vote to wit:
NOES:
Councilmembers Arnerich, Camicia, Lucas, Roth
and President Withrow -
None.
AYES :
ABSENT:None.
ABSTENTIONS:None.
IN WITNESS , WHEREOF, I have hereunto set my hand and affixed the
off icial seal of said City this 16th day of Sept , 1992.
Diane ci ty of Alameda