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CC Resolution 1988-108^!78 283 RESOLUTION NO. 88-108 A RESOLUTION OF INTENTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA APPROVING AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF LA QUINTA WHEREAS, the Public Employees' Retirement Law permits the * participation of public agencies and their employees in the Cr) Public Employees' Retirement System by the execution of a * contract, and sets forth the procedure by which said public m agencies may elect to subject themselves 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 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 WHEREAS, the following is a statement of the proposed change: To provide Sections 21380-87 1959 Survivor Benefits) including Section 21382.4 Third Level of 1959 Survivor Benefits) for local miscellaneous members. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of La Quinta does hereby give notice of intention to approve an amendment to the contract between the City of La Quinta 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, APPROVED and ADOPTED this 6th day of September, 1988 by the following vote: AYES: Council Members Bohnenberger, Cox, Pena, Sniff, Mayor Hoyle NOES: None ABSENT: None ABSTAIN: None BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78264 M>&<*. $< WILLIAM R. HOYLE, Mayor City of La Quinta, California ATTEST: A, City Clerk City of La Quinta, California APPROVED AS TO FORM: A BR City of La Quinta, California STATE OF CALIFORNIA COUNTY OF RIVERSIDE 55. CITY OF LA QUINTA I, SAUNDRA L. JUHOLA, City Clerk of the City of La Quinta, California, do hereby certify the foregoing to be a full, true and complete copy of Resolution No. 88-108 adopted by the City Council of the City of La Quinta on September 6, 1988. P SAUNDRA L. JUHOL ity Clerk City of La Quinta, California BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 AGREEMENT AUTHORIZING THE RELEASE OF 1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES INTO THE THIRD LEVEL 1959 SURVIVOR BENEFIT POOL BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES* RETIREMENT SYSTEM AND THE a) CITY COUNCIL 1) OF THE Cr) CITY OF LA QUINTA m * WHEREAS, the City Council of the City of La Quinta has adopted a Resolution of Intention to include in its contract with the Board of Administration, public Empl6yees* Retirement System, pursuant to Government Code Sections 21380-21367, including Government Code Section 21382.4, the Third Level of 19S9 Survivor Benefits; and WHEREAS, Government Code Section 21382.4, requires all assets and liabilities of all contracting agencies subject to this section, and their employees who are covered by this section, to be pooled into a single account; NOW THEREFORE BE IT AGREED: Accumulated and/or future contributions required of the City of La Quinta and its covered employees are to be released, pursuant to the provisions of Government Code Section 21382.4, to a single account referred to herein as the Third Level 1959 Survivor Benefits Pool. BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES* RETIREMENT SYSTEM OF THE CITY OF LA QUINTA BY_BY ASSISTANT EXECUTIVE OFFICER Presiding Officer Date C0505 Rev. 6/88) BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 BU8INESS 8E8BION ITEM NO. * 0/ * *u**K4,Lq'AJ MEMORANDUM *`1Of * ro: The Honorable Mayor and Members of City Council Thomas P. Genovese, Assistant City Manager*f* DATE: September 1, 1988 SUBJECT: Implementation of the Public Employees' Retirement System Supervisor Benefit Program Pursuant to the City Council approved Memorandum of Understanding with the City Employees' Association, the City staff is initiating the implementation of the PERS Survivor Benefit Program. As the City Council is aware, this program is to provide La Quinta City Employees coverage of the 1959 Survivor Benefit Program. This program provides monthly allowances to eligible survivors of a member who dies prior to retirement. The implementation process of the program will include several steps, two of which, if approved, will be concluded at the September 6, 1988 City Council meeting. The steps are as follows: Approval of Resolution of Intention to approve an amendment to contract between the Board of Administration of the Public Employees' Retire- ment System and the City Council of the City of La Quinta. September 6, 1988 agenda; First Reading of an Ordinance Authorizing and Amend- ment to the Contract between the City Council of the City of La Quinta and the Board of Ad- ministration of the California Public Employees' Retirement System. September 6, 1988 Agenda; Employee Election. This process will include an employee election for membership into the program and will take place after the adoption of the Resolution of Intention pursuant to Government Code Section 21382.4; BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 Certification of Election. This certification will be performed by the City Clerk. If employees eligible for election elect to be covered, a Final Ordi- nance will be brought before the City Council; Final Ordinance. This will be the final action and re- a) quire an affirmative vote of the majority of City 1) Council. It is scheduled to appear on the Consent Cr) Calendar of the October 4, 1988 city Council Agenda. The fiscal impact of the above-mentioned program is anticipated to a cost of approximately $1500 per year to the City. This cost *is composed of a $3.00 per employee, per month contribution by the City. In addition to this contribution, each employee will contribute a $2.00 per employee, per month, to the program as a deduction from their paycheck. Recommended Action 1) Approval of the Resolution of Intention as outlined in the report and attached hereto; 2) Authorize the First Reading of the Ordinance as outlined in the report and attached hereto. TPG/jb attachments 2- BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 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 LA QUINTA 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 WHEREAS, one of the steps in the procedure 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 WHEREAS, the following is a statement of the proposed change: To provide Sections 21360-87 1959 Survivor Benefits) including Section 21362.4 Third Level of 1959 Survivor Benefits) for local miscellaneous 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 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. BY________________________________________ NAME) TITLE) Date adopted and approved) Ret Form 122 C0302 BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF LA QUINTA AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. a) The City Council of the City of La Quinta does ordain as follows: ID Cr) SECTION 1. That an amendment to the Contract between the City Council of the City of La Quinta and the Board of Administration, m California Public Employees Retirement System is hereby authorized, a copy of said amendment being attached, marked Exhibit', and by such reference made a part hereof as though herein set out in full. SECTION 2. The Mayor of the City Council is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. SECTION 3. This ordinance shall be in full force and effect thirty 30) days after passage. SECTION 4. The City Clerk shall within 15 days after the passage of this ordinance, cause it to be posted in at least the 3 public places designated by resolution of the City Council; shall certify to the adoption and posting of this ordinance, and shall cause this ordinance and its certification, together with proof of posting, to be entered in the book of ordinances of this City. APPROVED and ADOPTED this day of 1988, by the following roll call vote: AYES: NOES: ABSENT: ABSTAIN: WILLIAM R HOYLE, Mayor City of La Quinta, California ATTEST: APPROVED AS TO FORM: SAUNDRA L. JUHOLA, City Clerk BARRY BRANDT, City Attorney City of La Quinta, California City of La Quinta, California BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 *** copy * * * AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF LA QUINTA 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 December 16, 1983, and witnessed November 1, 1983, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 10 are hereby stricken from said contract as executed effective December 16, 1983, and hereby replaced by the following paragraphs numbered 1 through 10 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 60 for local miscellaneous members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after December 16, 1983 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 contract- ing agency. 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. Employees other than local safety members herein referred to as local miscellaneous members). 4. In addition *o 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. ELECTED OFFICIALS,' AND b. ALL SAFETY EMPLOYEES. BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 *** copy *** 5. The fraction 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 21251.13 of said Retirement Law 2% at age 60 Full). 6. The following additional provisions of the Public Employees* Retirement Law, which apply only upon election of a contracting agency, shall apply to the Public Agency and its employees: a) a. Section 20835.1 Limits Prior Service Credit to Members *mployed Ln on Contract Date). cv) b. Sections 21380 21387 1959 Survivor Benefits) including Section 21382.4 Third Level of 1959 Survivor Benefits). 7 Public Agency, in accordance with Government Code Section 20759, shall not be considered an employer" for purposes of the Public Employees Retirement Law. Contributions of the Public Agency shall be fixed and *t ermined as provided in Government Code Section 20759, and such *ntributions hereafter made shall be held by the Board as provided in *overnment Code Section 20759. Public Agency shall contribute to said Retirement System as follows: a. With respect to local miscellaneous members, the agency shall contribute the following percentages of salaries earned as members of said Retirement System: 1) 5.666 percent until June 30, 2011 on account of the liability for current service benefits. Subject to annual change.) b. Public Agency shall contribute $3.00 per employee on account of the liability for the 1959 Survivor Program provided under Section 21382.4 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 beneficiaries of all local miscellaneous members. c. A reasonable amount, as fixed by the Board, payable in one in- stallment 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 in- stallment 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. BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02 ^!78 * * * copy * ** 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 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 effective on the day of BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREME**YSTEM OF TRE CITY OF LA QUINTA BY__________ BY________ ASSISTANT EX*IVE OFFICER Presiding Officer * rA) Witness Date Attest Cl**k PERS-CON-702 AMENDMENT) Rev. 6/88) BIB] 07-08-1998-U01 10:54:39AM-U01 ADMIN-U01 CCRES-U02 88-U02 108-U02