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HomeMy WebLinkAboutAgmt_1954_February 1_Amendment & correspondenceBOARD OF ADMINISTRATION .~ ~ STAPLOYEES' RETIREMENT SYS~ 1320 K STREET SACRAMENTO 14, CALIFORNIA INTER-DEPARTMENT CORRESPONDENCE To: Date: February 23, 1954 City of Santa Ana Attention: Mrs. Stella-~°3~3en SUBJECT: Amendment to Contract Please Reply to Section_________________________8___________ Membership Number____ ___________________________ The Board of Admdnistration has approved the amendment to contract between the City of Santa Ana and the State F~nployees~ Retirement System. The contracts already executed by the officials of said agency has now been executed by the .officials of the Board of Administration on February 19, 1951. A copy of the amendment to contract is enclosed for your files. me enclosure EARL W. CHAPMAN, TIVE OFFICER. i~~n. ~~~ z a~kso~-vt~ ~~~=iCE CITY OF SANTA RET. FORM 229 (REV. 4-53~ 86551-8 9-53 20M BPO .. c' - • ~ Ai~iEAII)~IENT Tf3 CONTf~ACT BETlw'EB~} THE BCr~Ltl OF AI~MIIdISTft11TICiAi STATE ~fPLOY~S ~ r~tETIRF.~EHT S:fSTF.~ Ain THE cITY coUPiCIL of TH~° czTY o~ SANTA ANA The Board of Administration, State Enaploy~sea~ Retirement System, and the CITY COUNCIL OH THE CITY of SANTA ANA, herei.na.ftsr referred to as Agency, having entered into a contract under date of Atavernber 25, ~.9t=b, effective Ju3y 1, 19t~?, which provides for the partici.patian of said Agency in said ~tiremsnt System, and said Contract being; based on size Retirement Lax'exclusitre of amendments thereto which chaa~ed benefits and ages df retirement, said Board of :~dminia- tration and said CITY COtJNCZL hereb,~ agree as fo3lo~rss 1. Paragraph 9 shall be and is hereby stricken from said Contract. 2. The following paragraphs shall be and are hereby added to said Contracts 9. Ths provisions of Section 213?.~l of the State kmploy~aes~ Ret~.remerit Law, providin€; a ~~~ death benefit after retire- r~nt S?3AI,L APPLY to persons who are rne~sbers becatts® of employ- ment by PRxbl,i.c Agency. ].l,.. The nravisiona of Section 20021.01 of the State Etttployeea~ Retirement Lax, which provide that "final compensation" shall mean the highest average annual compensation earnab],e by a member during any period of three consecutive years during his member- ship in the System: SHALL APPLY to employees of Public ~sgency srho became me~abors of said Retirer+~nt System. 3. The percent stated in paragraph 12b sha11 be amended to read 5.114. 4. This amendment shall be attached to said Contract and Shall be effective as of Eob_i~r.~:..Zst, ,~„~1954. ~iitne88 our hand this ! lath day Q ~anuar~v -,_____~,,, 19~~t. HOARID of AI1~tNISTRATION STATE E~€PLOYEES~ RET?.RI1~NT ~STE1+I Pre ant Attests Execu er CITY Cf~NCTL of TIC CITY OF SANTA ANA _ .. ~. ~ ~ ~ ~~ ~~''L es ng Qf cer Bayor Attests Clerk of the Council. FEB ~ 91954 • Januarsr 20 ~195a (date) Board of Ac~xninistration State Employees Retirement System Sacramento 11a, California Gentlemen: I hereby certify to the following facts: 1. That the City Council of said Agency adopted on Name of Governing Body TJecen?'.er sir `, , 19,x, a resolution with a copy of the contract attached, giving notice of intention to approve an amendment to the contract providing for the participation of said Agency in the State Employees Retirement System, making its employees members of said System, a certified copy of said resolu- tion, in the form furnished by said. Board of Administration, being attached hereto. 2. That the _ Cit- Council of said Agency adopted on Name of Governing Body January lath , 19 ~; and by the affirmative vote of two-thirds of the members of said governing body, a F~esolution , approving said ammendment to the ~Les~7.~,,tion cr Ordinance, co~~:~ra.1. providing for participation of said Agency in the State Employees' Re~~iremen.t System, making its en~r:~o~-ee.~ m;;mber. s of said System, a certified copy of said Resolution ~_ in Resolutic~; i ,~r OY~dinance ) the form furnished by said Board of Administration, being attached hereto. Yours truly, i~ Clerk o the~~C'ouncl~~ City of Santa Ana ~Idame of Agency F 130d ( Guar. ~ & Comp. ) 10-I~7 It00 BOARD OF ADMINISTRATION ~~ STA EMPLOYEES' RETIREMENTS EM 1320 K STREET SACRAMENTO 14, CALIFORNIA INTER-DEPARTMENT CORRESPONDENCE To: City of Santa Ana Attention: Erma Keeler SUBJECT: Amendment to Contract Date: January 22, 195 Please Reply to Section______8_______________________________ Membership Number___________________________________________ tide have rece-i.ved the documents relative to the proposed amend- ment to contract. They are all in order. Effective date of the amendment is February 1, 195. Following the next meeting of the Soard of Ad.~ni-nistration an executed copy of the amendment will be forwarded to you. If you have any auestions please do not hesitate to Tsrrite. me T~ /' _ 7 ~ C-IBC./ ~: ~~~~~ ,~ L,°_~rJ c. xAlc,t , ASSISTArJT ACT AIRY. R ET. FORM 229 (REV. 4.531 86661-8 9-63 20M SPO ~ ~ Ja:2uaxy ~~.~ 14:~~ Board of administration State .employees ~ ~Zetirem~.nt System. Sacra:nenta, lt~, calif. CA:~tl~.rten: r't ease rcf6r , ~~ ;~~ 2et~rar a.f thu 20th, inclas .n;-, dc~cu:,~en4s axec~~ ;ems a~;~ravin~ arzendment to co~~t'.:ract far empla~*ee, of the City of Santa Ana.. X ne:.e;ct~:d to gill in tice e ~fective date of the ariiba.l contract, na.~ely; Nav~aber 25, 191~b on file certified cap; of ~~salution 7o. K!1-.11. If i.4 is impt~esitale far your o:'fice to fill in thi8 date, please return it to ~' office for correction. Yours ver,~ truly, k Clerk of the Council. ~~- _.:.. ;, ,. _ _ _~ • Jarni~ ~~ 1455. Boaz~d of administration State ~plvyees' Retirement System Sacramento 1~, Calif. Gentlemen: • Clerk of the Council EaclosinC herewith the falla~in~ documents: One e.~.ecuted cop;,r of Resolution of Intention No. 53-178 to approve amendment to contract providir~ for participation ir. State r'nployees' Retirement System. Triplicate copies of amendment to contract between the Baard of administration State ~-ployees' Retirement System and the City Council, of the City of Santa Ana, one cogy to be returned to ~Y' office ~rhen executed. One executed copy of Resalutiort rdo. 5~ I]. of the City Council authori~inC an amendment to the contract pro.-idizi~ far t'.ZE: participation of the City of Santa eras in the State P~plo,~ees' Retirement System makinC its employees mcm~aers o~' said Sys tem. One copy of t~~e Governixl~ Sody~s action. lours very Lru1;,T, t: tcls. Clerk o#' thQ Council. k ..~ ~, r.. ,.. ,, .. _.... , . r , ETEC!.3 TIV is !~'FICER F_D WAgD K COCMBS ASSN. fA NT EYEt. IJ T, I VE OFFICER FI~.Ei~ ' -.. ~?-153 ~#~t~e AT,r,,..,N~N. PAS? ,,._,,,,,~....,M - [.~; 1 I RALPH R~NELSON n~ ~ ~~ ~ /~ ~~ IIJJ ACTUARY N ~`°` AU G 1 LI W' --yj LAUREN C. HAIGNT W ~' ;~,~.''" ASSISTANT ACTUARY '~ ~'' ~'',`t° PERSONNEL Oi=~FICE ~;"`~' "~~ CITY OE SANTA ANA STATE OF CALIFORNIA BOARD OF ADMINISTRATION ~iitplo~r~,~' ~e#ix~~tt~it# ~~~~riit 1320 K STREET SACRAMENTO 14 PLEASE DIRECT YOUR REPLY TO SECTION REFER TO MEMBER ACCOUNT NUMB August 10, 1953 T0: ALL CCii~?TRACTING AG~CIES SUBJECT: AMF'NDP~i'=TdTS PiADF BY THE 1953 LEGISLATURE Amendments made by the 1953 Legislature to the State Employees' Retirement Law which are of general interest are reported as follows: Amendments applying to members of contracting agencies - no contract amendment required. -'"" - ~ - ---- 1. Section 20393 taas amer_ded to pex~nit the refund of contributions upon re- quest of those who have previously left State service but left their contri- butions on depoi¢it. Previously the law provided that if a member, having more than X500 on deposit, left his contributions here no refund would be possible. 2. If a policeman or a fireman is eligible for a leave of absence with compen- sation, under Section 1x.850 of the Labor Code, his retirement shall not be- come effective prior to the expiration of the leave of absence, with compen- sation, unless the member applies for or consents to his retirement at an earlier date, 3. The permission to retain members beyond the compulsory retirement age will go out of the law effective September 9, 1953. Those who have been retained in the past must not serve nor be shown on the payrolls after September 8, 1953. Thereafter the compulsory retirement ages as stated in the Law will be in effect. 1~. Retired persons are prohibited from receiving compensation for service rendered to the estate or to a contracting agency after the date of retire- ment. An amendment was made permitting service as a juror, or as an officer of an election board, 5. If a retired member is e).ected or appointed to a public office which is requisite to membership in the System, his allowance shall be cancelled and he shall. have the right to continue membership and make contributions; or he shall have the right to refund of contributions or to leave the con- tributions on deposit until such time as his service as an elected officer is discontinued. Ret, Form 829-1 8/53 400 ~~~~ 7. h~r~ ~:rL'~- ~' 8. ~e~,~..-- ~;. ~~ K v ~ r,;~`'~~. ~~ ~, . h ~` ~r ~ +s . r, ~.~.~. ~. 6. Payments to the beneficiaries of the deceased retired members who selected Option P1o. 1, under the new amendment, may be made in monthly installments fixed in number and amount and not involving life contingency, or in equal monthly installments for the life of the beneficiary with 120 installments certain, provided the member chooses one of these plans at the time of re- tirement. In the event the member dies without having made such an election, then the beneficiary is permitted to choose monthly installments fixed in number and amount, but is not permitted to choose the equal monthly install- ments for the life of the beneficiary, with 120 months certain. Previously, Option No. 1 payments were only permitted in a lump sum. Amendments applying only if contract is amended: -- _~ A new Section 20962.5 was added to the law providing that local safety mem- bers may be retired at age 50, providing they have 20 ,years of continuous service, but the allowance payable would be on a discounted basis. The nor- mal retirement remains at 56 with half pay as the goal. As the normal re- tirement basis is unchanged, no valuation is necessary to adopt this amend- ment and the rates of contribution by the member and by the employer twill not be changed. A new Section 2126l~ was added to the law to ?provide that anon the death of a local safety member after retirement for service or industrial disability, including members heretofore retired, one-half of his retirement allowance as it was at his death shall be continued throughout the life or until re- marriage, to his surviving wife, or in the event that there was no surviving wife, it could be contin~a.ed until all children of the deceased member at- tained the age of 18. Should there be no surviving wife and no children under the age of 18, but there was parent or parents depending upon the de- ceased retired member for support, the parents so dependent would be en- titled collectively to receive a monthly allowance equal to one-half of that which the surviving wife otherwise would have received during such dependency. An amendment to the contract wo~.zld be necessary before this section could be adopted and an actuarial valuation would be required in order to determine the additional cost. 9. Anew Section 200211.01 is added to the Retirement Law providing that in calculating the average compensation to be used for the calculation of '~ allowances, the average of the highest three consecutive years shall be used instead of the average of five years as formerly. An amendment to the contract will be required before a public agency can accept this pro- vision. An actuarial valuation will not be required, for the additional cost of the amendment is not readily determinable and only in future peri- odical valuations could the increase in liability, if any, be determined. If an agency amends the contract to adopt this section, it would agree to abide by the results of future valuations and accent any additional lia- bility therefrom. Ret. Form 829-2 8/53 1100 ' J • t 1 ~ I i j/ { d 5 '.. .. .. ,'. _, .- ~~^ ~,~, R,NI~ _.Y 10. Anew Section 21367.51 was added to the Retirement Law providing an increase in the death benefit payable to the beneficiary or beneficiaries of members who die after retirement. The former amount was ~~300 and that is increased to ~l~00. The contract would have to be amended before this provision could be adopted and an actuarial valuation would be required to determine the a additional liability to the employer. '~ ~ 11. '~ Anew Section 20193 was added to the Retirement Law affecting only School p``' w. ~' Districts which have separate contracts with the System. It does not af- ~ ~ ~r'~ fect School Districts which are under the automatic contract with the `" C ount y Superintendents of Schools. The Section provides that a School District ma amend its contr y act so that it agrees to subject itself to all amendments to the Retirement Law whether effective prior or subsequent to the effective date of the contract and tl^.at the r~arties to the contract shall be subject to si~ch amended legislation without further action by the Board of Administration or by the contracting agency. An amendment to the contract would be required before this Section could be adopted. An actu- arial valuation would not be required if the contract already provides all of the benefits available, but if the adoption of the Section increases the benefits so that the cost to the employer is increased, then an actuarial valuation would be necessary, If, by the adoption of this amendment, the cost to the employees is increased, then an election among employees is re- auired. a~. ~12. ,1 ' Anew Section 20607.6 is added to the Government Code providing that the ~~+ normal age for the retire,~:ent of Firemen shall be 50 providing there has been twenty years of service. The ~ esent law provides the normal retire- ment age for all safety members at 55 with tti~Tenty years of servicz required but this amendment reduces the age to 50 for Firemen only. The benefit provided would be 5~ of the final compensation. An amendment to the con- tract trould be necessary and an actuarial valuation would be required to determine the additional cost to the employer. TYie rates of contributions to be paid by the Firemen would also be increased and an election among Firemen would be req~.zired before the amendment could be valid. ,~,~`~ 13. ,,, Anew Section X021.6 was added to the Retirement Law providing that the definition of Count Peace Offi h l ¢~ ° y cers s ou d include the Constables and f. ~ ;_~', Deputy Constables who at the present time are considered as miscellaneous mer~ibers. kn amendment to the contract would be required, Z~dhether or not an actuarial valuation would be required for this amendment would depend on whether or not there were any Constables or Deputy Constables in the membership whose benefits would be changed. If soy a valuation ti~aould be r ~~ required and an election among the employees affected would be required. ~," .1~. - Anew Section 20839 was added to the Retire~~ierit Law providing for the ~_: . r ~ granting of prior service credit to employees who were under the direction h `~`~~ and supervision of the Public kgency, but z~rhose corn,~ensation was received from some other source. The Section also permits increase in the retirement Ret, Form 829-3 8/53 400 • hh AUG 1 -? 1953 U PERSONNEL UFFICE C~rY ot= saN rA ANA allotiaances of persons already retired ti~rho tirould receive the additional prior service credit. An amendment to the contract tirould be required. A valua- tion may be reauired. Ame~idments discussed in items 2, 3, 7, 8, 11, and 12 become effective September 9, 1953. Amendments discussed in items 1, 4, 5, 6, 9, 10, 13, and 14 become effec- tive October 1, 1953. -~ r ' . C,' t t_ ~ ~~~ rt,..~,~~,~~ EARL TrI. CHAFi~~U~N, EXECUTIVE OFFICER Ret. Form 829-4 8/53 1.00 ~ EAR;W. CHAPMAN ~ RALPH R. NELSON EXECUTIVE OFFICER i Stiff ACTUARY ~ EDWARD K. COOMBS ASSIST ' 'Yf ,\.~. ~ w ~ LAUREN C. HAIGHT ANT EXECUTIVE OFFICER ASSISTANT ACTUARY .~ ea o . f . ~ , C~lli01 M\i' STATE OF CALIFORNIA BOARD OF ADMINISTRATION ~~~~C ~IYi~~D~1EP~~ ~P~iXP1ItElt~ ~~1~~r11t 1320 K STREET SACRAMENTO 14 December 3, 1953 PLEASE DIRECT YOUR REPLY TO SECTION City of Santa Ana City Hall REFER TO MEMBER ACCOUNT NUMBER Santa Ana, California Attention: Mr. Carl J. Thornton Gentlemen: We are enclosing heretivith the following documents in connection with the proposed amendment to the contract between the Board of Administration and the CITY COUNCIL OF THE CITY OF SANTA ANA . duplicate 1. Resolution of Intention, .T~'122-d, in tx+apla~cy#.Q, tirith a copy of the amendment attacred must be ado d at least 2p da~rior ~o.adopting xesolutipn ,,-.~. ~ ~ ~.,, p~e Pis p~ o er. e:-e~...~.ti.~.~'-~,.-" - IA~~ - a rovi_ n amen t. co uteri must e returnec'~ to this S~rstem. Chapter ~ (1), of the State I~aployees' Retirement La*.-r. ) 2. Amendment, in quadruplicate. {The amendment should be executed in triplicate and returned to the Retirement Office, after the provisions of Chapter ~ have been complied tpith. Retain the Itth copy for your files. ) or nnrrdd"~ ce duplicate 3 • Resolution Qf~~ice, in t~~].aoa#,e, approving the amendment to the contract. Use whichever is proper. (To be adopted bit the affirmative vote of tz~ro-thirds of the members of the governing body not less than._20 ~iav~_afte t~h. adoUti n of .he Resolution of Intention, F122 a e~cea~.ng Item 1:~2he numbers of days and pub icatlons are to t~,~nserted in Section 3 of F129e - ~~28d, to comply with local require- ments. '~prro copies of resolution are to be returned to this office.) ~t. Report of overning body ~ s action. (To be completed and one copy returned to the System.) After receipt of the above information, the amendment will be executed by the Board of Administration and a copy vrill be returned for your records. me enc 1. Encls. Very truly yours, r ~. ~~,,,,~--.x. ,~~ LAUP~IV C. HAIGHT Assistant Actuary F709 6/51 250