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ORD 180ORDINANCE NO. 180 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, 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. SECTION 1: That an amendment to the Contract between the City 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 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 of La Quinta is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. SECTION 3: This ordinance shall take effect 30 days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof, shall be posted in three places in said City as designated by Resolution of the City Council and thenceforth and thereafter the same shall be in full force and effect. PASSED, APPROVED and ADOPTED this 2nd day of October 1990 by the following vote: AYES: Council Members Bohnenberger, Rushworth, Sniff, Mayor Pena NOES: None ABSTAIN: None ABSENT: (One Vacancy) JOHN J. va ENA, MaodCity of Quin , California ATTHST : SAUNDRA L. JUHOLA,�Ci�t.y Clerk City of La Quinta, California APPROVED AS TO FORM: DAWN HONEYWELL, City Attorney City of La Quinta, California STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. 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 correct copy of Ordinance No. 180 which was introduced on the 18th day of September, 1990 and was adopted at a regular meeting held on the 2nd day of October, 1990 not being less than 5 days after date of introduction thereof. I further certify that the foregoing ordinance (3) places within the City of La Quinta res ution of the City Council. '��VAUNDRA L. JUH City Clerk City of La Quinta, California DECLARATION OF POSTING was posted in three as specified in a I, SAUNDRA L. JUHOLA, City Clerk of the City of La Quinta, California, do hereby certify that the foregoing ordinance was poed pursuant to City Council Resolution on October 10, 1990. 4L SAUNDRA L. J LA, City Clerk City of La Quinta, California Ordinance No. 180 * * * C O P Y * * * A14ONDNMT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM! 56 AND THE Q© �© CIO THE S CITY OF LA QUINTA Q 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, and as amended effective November 12, 1988 and November 2, 1990, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 11 are hereby stricken from said contract as executed effective November 2, 1990, and hereby replaced by the following paragraphs numbered 1 through 11 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, contracting 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. SAFETY EMPLOYEES. "EXHIBIT A" Ordinance No. 180 * * * C O P Y * * * 5. The percentage 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. Public Agency elected to be subject to the following optional provisions: A. Section 20835.1 (Limit Prior Service to Members Employed on Contract Date). b. Sections 21380-21387 (1959 Survivor Benefits) including Section 21382.4 (Third Level of 1959 Survivor Benefits). .. C. Section 20024.2 (One -Year Final Compensation). 7. Public Agency, in accordance with Government Code Section 20759, shall �..,, not be considered an "employer" for purposes of the Public Employees' O Retirement Law. Contributions of the Public Agency shall be fixed and -'L determined as provided in Government Code Section 20759, and such contributions hereafter made shall be held by the Board as provided in Government Code Section 20759. 8. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members of said Z Retirement System. ,p 9. Public Agency shall also contribute to said Retirement System as W follows: a. Public Agency shall contribute $2.50 per employee, per month on account of the liability for the 1959 Survivor Benefits 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 survivors of all local miscellaneous members. b. 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. C. 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. 10. 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. Ordinance No. 180 * * * C O P Y * * * 11. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement 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. B. This amendment shall be effe %e on the day of b BOARD OF ADMINISTRATION ,Q�� CITY COUNCIL PUBLIC EMPLOYEES' RETIREMYSTEM OF THE 1 CITY OF LA QUINTA O` BY BY �J CHIEF, CONT,RR CC$'"SERVICES DIVISION Presiding Officer 447 PUBLIC EMPbV -ES' RETIREMENT SYSTEM Q Witness Date A. Attest: Q po w Clerk 4. PERS-CON-702 (AMENDMENT) (Rev. 6/88)