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ORD 128253 ORDINANCE NO. 128 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. The City Council of the City of La Quinta does ordain as follows: SECTION 1. That an amendment to the Contract between the City 00 Council of the City of La Quinta and the Board of Administration, 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. m SECTION 2. The Mayor of the City Council is hereby authorized, Q 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 26 day of September , 1988, by the following roll call vote: AYES: Council Members Bohnenberger, Cox, Sniff, Mayor Pro Tem Pena NOES: None ABSENT: Mayor Hoyle ABSTAIN: None el 116�'I, . /�� WILLIAM R HOYLE, M yor City of La Quinta, California AT T: APPROVED AS TO FORM: Z SAUNDRA L. JUH City Clerk BARRY BRAND , City Attorney City of La Quin a, California City of La Quinta, California 254 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LA QUINTA ) I, SAUNDRA L. JUHOLA, City Clerk of the City of La Quinta, do hereby certify the foregoing to be a full, true and correct copy of Ordinance No. 128 which was introduced by the La Quinta City Council at a regular meeting held on the 6th day of September, 1988 and was adopted at an adjourned meeting held on the 26th day of September, 1988, not being less than five days following date of introduction. I further certify that the foregoing ordinance was posted in three (3) places within the City of La Quinta. UNDRA L. JUHOLA, ity Clerk City of La Quinta, California AMENDMENT TO CONTRACT BETWEEN THE �j BOARD OF ADMINISTRATION OF THE `v PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE �O CITY COUNCIL OF THE *4 CITY OF LA QUINTA Q` 1" 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 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. ELECTED OFFICIALS; AND - b. ALL SAFETY EMPLOYEES. * * * C O P Y * * * - 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. Section 20835.1 (Limits Prior Service Credit to Members Employed on Contract Date). 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 termined as provided in Government Code Section 20759, and such fntributions hereafter made shall be held by the Board as provided in 4�overnment Code Section 20759. 8�� 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 t1 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. 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 O CITY COUNCIL PUBLIC EMPLOYEES' RETIREMEW SYSTEM OF THE a CITY OF LA QUINTA BY G BY ASSISTANT EX IVE OFFICER Presiding Officer`��' Witness Date Attest: P41 C 1Q PERS-CON-702 (AMENDMENT) (Rev. 6/88)