Laserfiche WebLink
REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL November 7, 1994 <br />MEETING DATE <br />Education 1st <br />TITLE AMEND THE CITY'S CONTRACT WITH <br />THE PUBLIC EMPLOYEES' RETIREMENT <br />CITY MANAGER <br />RECOMMENDED ACTION <br />�ERK OF THE COUNCIL USE ONLY <br />Appr ved <br />As Recommended V 11994 <br />As Amended (see Minutes) <br />[�Or-�nceon 1st Reading <br />Ordinance on 2nd Reading C 19 <br />Implementing Resolution <br />Set Public Headnq For <br />Coninued to, <br />A0.9v�-Oyu c 0 5 1 <br />FILE NUMBER(S): <br />1. Adopt a Resolution of Intention to approve an amendment to the <br />contract between the Public Employees' Retirement System and <br />the City of Santa Ana to provide Section 21382.4, Third Level <br />1959 Survivor Benefits for local fire members. <br />2. Adopt an Ordinance authorizing an amendment to the contract <br />between City of Santa Ana and Public Employees' Retirement <br />System. <br />3. Direct the City Attorney to prepare and authorize the Mayor <br />and the Clerk of the Council to execute an agreement <br />authorizing the release of 1959 survivor benefits assets and <br />liabilities into the Third Level 1959 Survivor Benefits Pool. <br />DISCUSSION <br />The 1959 Survivor Benefits are available to Public Employees' <br />Retirement System members who are not covered by Social Security <br />under their current employment. It has been structured to provide <br />a monthly benefit to the families of workers who die prior to <br />retirement. The City provides Level One 1959 Survivor Benefits for <br />its employees. <br />In accordance with provisions of the current Memorandum of <br />Understanding between the City of Santa Ana and the Fire Benevolent <br />Association (FBA) the City agreed to amend its contract with the <br />Public Employees' Retirement System to provide effective January 1, <br />1995, Third Level 1959 Survivor Benefits. These Third Level 1959 <br />Survivor Benefits increase the monthly allowance which may be paid <br />to eligible dependents as follows: <br />ow <br />G5. 383 <br />