HomeMy WebLinkAboutAgreement-91-117Exhibit B
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
CITY COUNCIL
OF THE
CITY OF SANTA ANA
WHEREAS, the City Council of the City of Santa Ana has adopted a Resolution of Intention to include
in its contract with the Board of Administration, Public Employees' Retirement System,
Government Code Section 21382.4, Third Level of 1959 Survivor Benefits for local
miscellaneous members and local police members only, as provided under Government
Code Sections 21380-21387; 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
Santa Ana 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 SANTA ANA
By By -4 74e
CHIEF, CONTRACT SERVICES DIVISION Prest ng Officer
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
ATTEST:
APPROVED AS TQ, FORM
C0505 (Rev. 2/94)
E glR ALJOOER JANi! E C. GUY
CITY ATTORNEY 0Lr : T; ; Mutt
EXHIBIT "B"
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
CITY COUNCIL
OF THE
CITY OF SANTA ANA
WHEREAS, Government Code Section 21382.4 provides for a single employer rate to be established to
provide benefits under said Section on account of members employed by contracting
agencies electing to include the provision of said Section in their contracts; and
WHEREAS, Government Code Section 21382.4, requires pooling of all assets and liabilities of all
contracting agencies on account of benefits provided under Article 6, commencing with
Section 21380;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Santa Ana and its
covered employees, on account of the benefits provided under Article 6, commencing with
Section 21380, shall be pooled pursuant to the provisions of Government Code Section
21382.4.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
ACTING CHIEF
EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
A i Erja .
PERS-CON-59 (Rev. 8/94)
CITY COUNCIL
OF THE
CITY OF SANTA ANA
PUBLIC EMPLOYEES' REI REMENT SYSTEM
Contract Services Division
Public Agency Contract Services
P. 0. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
(916) 326-3240 (TDD)
CERTIFICATION OF GOVERNING BODY'S ACTION
I herebycern that the foregoing l fn" "`
certify g g is a true and correct copy of a Resolution adopt by the
CITY COUNCIL of the
(governing body)
CITY OF SANTA ANA
(public agency)
On April 18, 1994
(date)
C
ld-rk4$R%Mvy Jani e C. G
('Jerk of hP Council
Title
PERS-CON-12
00600 (Rev. 12/92)
A 9
ORDINANCE NO. NS 2148
AN ORDINANCE OF THE CITY OF SANTA ANA AUTHORIZING
AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY
COUNCIL OF THE CITY OF SANTA ANA AND THE BOARD
OF ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM
FOLLOWS: THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS
SECTION 1: That an amendment to the contract between the
City of Santa Ana and the Board of Administration, California
Public Employees' Retirement System is hereby authorized, a copy of
said agreement being attac4d hereto, marked "Exhibit A1l and by
such reference made a part hereof as though herein set out in full.
SECTION 2: The Mayor Of the City Council of the City of
Santa Ana is hereby authorized, empowered, and directed to execute
said amendment for and on behalf of said agency.
ADOPTED this 4t--- th--_ day of November
1991.
ATTEST:
Z'zzo Z,
A CE G y
Cl r f the Council
COUNCILMEMBERS:
Young
Ave
Pulido
Ave
Acosta
Ave
Griset
Ave
McGuigan
Ave
Norton
Ave
Richardson
Ave
r
D L H. YOUNG
Mayor
APPROVED AS TO FORM:
eED�W�ASRZDD r.PER
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF SANTA ANA
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 July 1, 1947, and witnessed November 25, 1946, and as amended effective
October 1, 1951, February 1, 1954, September 1, 1956, July 1, 1959, November 1, 1963, April 1, 1964,
February 1 1965, January 16, 1969, November 1, 1970, June 1, 1974, December 16, 1976, December
1, 1978, October 1, 1981, July 1, 1984, December 1, 1984, July 1, 1985, February 1, 1990 and July
1, 1990, which provides for participation of Public Agency in said System, Board and Public Agency
hereby agree as follows:
A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective February
1, 1990, and hereby replaced by the following paragraphs numbered 1 through 12 inclusive:
1. All words and terms used herein which are defined in the Public Emloyees'Retirement Law
shall have the meaning as defined therein unless otherwise specifically provided. "Normal
retirement age" shall mean age 60 for local miscellaneous members and age 50 for local safety
members.
2. Public Agency shall participate in the Public Employees' Retirement System from and after
July 2, 1947 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. Local Fire Fighters (herein referred to as local safety members);
b. Local Police Officers (herein referred to as local safety members);
c. 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 Svstem:
NO ADDITIONAL EXCLUSIONS
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. The percentage of final compensation to be provided for each year of credited prior and
current service as a local safety member shall be determined in accordance with Section
21252.01 of said Retirement Law (2% at age 50 Full),
7. Public Agency elected to be subject to the following optional provisions:
a. Sections 21380-21387 (1959 Survivor Benefits) excluding Section 21382.2
(Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959
Survivor Benefits).
b. Sections 21263, 21263.1 and 21263.3 (Post -Retirement Survivor Allowance).
C. Section 20930.3 (Military Service Credit as Public Service), Statutes of 1974,
for those local miscellaneous members and local safety members entering
membership prior to October 1, 1981.
d. Section 20461.6 (Different Level of Benefits), applicable to Section 20930.3
(Military Service Credit as Public Service), Statutes of 1974, for local
miscellaneous members and local safety members entering membership on or
after October 1, 1981.
e. Section 20024.2 (One -Year Final Compensation).
f. Section 20818 (Two -Years Additional Service Credit) for local miscellaneous
members only.
8. Public Agency, in accordance with Government Code Section 20740, ceased to be an
"employer" for purposes of Section 20759 effective on December 16, 1976.
Accumulated contributions of Public Agency shall be fixed and determined as provided
in Government Code Section 20759, and accumulated contributions thereafter shall be
held by the Board as provided in Government Code Section 20759.
9. 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 and local.safety members of said Retirement System.
10. Public Agency shall also contribute to said Retirement System as follows:
a. A reasonable amount, as fixed by the Board, payable in one installment 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.
A reasonable amount, as fixed by the Board, payable in one installment 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.
11. 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.
12. 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 effective on the 6th day of
December , 1991.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
M
CHIEF, CONTRACT SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
PERS-CON-702 (AMENDMENT)
(Rev. 3/91)
CITY COUNCIL
OF THE
CITY OF SANTA ANA
BY
Presl Ing Offleer Dan' 1 FI. Young
i,layor
_November 4. 1991
Witness Date
Attest:
Clerkni Guy
rk of the Council
Exhibit B
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
CITY COUNCIL
OF THE
CITY OF SANTA ANA
WHEREAS, the City Council of the City of Santa Ana has adopted a Resolution of Intention to include
in its contract with the Board of Administration, Public Employees' Retirement System,
Government Code Section 21382.4, Third Level of 1959 Survivor Benefits for local
miscellaneous members and local police members only, as provided under Government
Code Sections 21380-21387; 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
Santa Ana 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 SANTA ANA
By By
CHIEF, CONTRACT SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Date
ATTEST:
APPROVED AS TQ FORM
C0505 (Rev. 2/94)
E R Y CO PER ,Aq!,,nE C. GUY
CITY ATTORNEY CLE',ii',,- T;;` COUNCIC
EXHIBIT "B"
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
CITY COUNCIL
OF THE
CITY OF SANTA ANA
WHEREAS, Government Code Section 21382.4 provides for a single employer rate to be established to
provide benefits under said Section on account of members employed by contracting
agencies electing to include the provision of said Section in their contracts; and
WHEREAS, Government Code Section 21382.4, requires pooling of all assets and liabilities of all
contracting agencies on account of benefits provided under Article 6, commencing with
Section 21380;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Santa Ana and its
covered employees, on account of the benefits provided under Article 6, commencing with
Section 21380, shall be pooled pursuant to the provisions of Government Code Section
21382.4.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
m
ACTING CHIEF
EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
A71 M :
PERS-CON-59 (Rev. 8/94)
CITY COUNCIL
OF THE
CITY OF SANTA ANA
Date
COPY
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD 01' ADMINISTRATION
Ol' THE
PUBLIC EMPLOYEES' RF7IRENIFNT 551STEN1
AND THF
CITY COUNCIL
or 11111E
CITY OF SANTA ANA
EXHIBIT
A
The Board of AdMinistratinn, Public Employees' Retirement System, Irereinaficr referred to as Hoard,
and the governing hody of above public agency, her6nafier referred w as Puhlic Agency, having entered
into a contract effective July 1, 1947, and witnessed November 25, 1946, and as anle.ndm effective
October 1, 1951, February 1, 1954, Seprember 1, 1956, July 1, 1:959, November 1, 1960, September
1, 1963, April 1, 1964, Pehruary I, 1965, January 16, 1969, November 1, 1970, June. 1, 1974,
December '16, 1976, Deccmbe�r 1, 1978, Octohcr 1, 1981, Jule 1, 1984, December 1, 1984, July 1,
1995, Pebruary 1, 1990, July 1, 1990 and December 5, 1991, which provides for partislpation of Public
Agency in said System, Hoard and Public Agency hereby agree as follows:
A, Paragraphs I through 12 are hereby stricken from said contract as executed effective December
5, 1991, and hereby replaced by the following paragraphs numbered 1 through 12 inclusive;
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 and age 50
for local safety memhcrs.
2. Public Agency shall participate in tilt public Employees' Retirement System from and
after July 1, 1947 peaking its employees as horeinaficr provided, members of said System
sabin' 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 onactu except those, which by express provisions
thereof, apply only ao the election of a contracting agency,
3. Employees of Public Agoucy in the following classes shall hecome members of said
Retirement System except 'such in each such class as are excluded by law or this
agreement;
a, Local Fire Fighters (herein referred to as local safety memhcrs);
h. Local police Officers (herein referred 10 as local safety members);
a Employees other than local safety members (herein referred to as local
miscellaneous mcntburs),
41 in addition to the classes of cmployoes excluded from membership by said Rctircmow
Law, the following classes of employ ns shall not become members of said Retirement
System:
NO ADDITIONAL EXCLUSIONS
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 Raid Retirement Law (2 o at age 60 Full).
I
6' The percentage of final compensation to be provided for each year of credited prior and
current service as a local safety member shall be determined in accordance with Scction
21252.01 of said Retirement Law (2% at age 50 Full),
7. Public Agency elected to be subject to the. following optional provisions:
a. Sections 21380-21387 (1959 Survivor Benefits) excluding Section 21382.2
(Increased 1959 Survivor Benefits) and Section 21382.4 (Third Lavel of 1959
Survivor Benefits),
b. Sections 21263, 2.1263.1 and 21263.3 (Post -Retirement Survivor Allowance.).
C. Section 20930.3 (Military Service Credit as Public Service), Statutes of 1974,
for those local miscellaneous members and local safety members entering
membership prior to October 1, 1981.
d. Section 20401.6 (Different Level of Benefits). Section 20930.3 (Military Service
Credit as Public Service), Statutes of 1974, is not applicable to local
miscellaneous members and local safety members entering membership on or
after October 1, 1981.
e:. Section 20024.2 (One -Year Final Compensation).
f. Section 20818 (Two -Years Additional Service. Credit).
8. Public Agency, in accordance with Government Code Section 20740, ceased to he an
"employer" for purposes of Section 20759 effective on December 16, 1976.
Accumulated contributions of Public Agency shall be fixed and determined as provided
in Government Code Section 20759, and accumulated contributions thereafter shall be
heid by the Board as provided in Government Code Section 20759.
9. Public Agency shall contribute to said Retirement System the contributions dctormined
by actuarial valuations of prior and future service liability with respect to local
miscellaneous members and local safety members of said Retirement System.
10, Public Agency shall also conu'ibute to said Retirement System as follows:
a. A reasonable, amount, as fixed by the Board, payable in one installment 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, custe of special
valuations or of the periodlc investigation and valuations required by law.
b. A reasonable amount, as fixed by the Board, payable in one, installment 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.
11. 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 Lays-.
12. 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 bC 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 shnli be effective on the day of 19_
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF, THE
CITY OF SANTA ANA
BY Qf�
CHIEF, CONTRA tT SERVICES DIVISION
PUBLIC EMPLOYEEV RETIRFMENT SYSTEM
r;
r�
BY
presiding
Witness Date tiq
Attest: Y l
Clerk
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Contract Services Division
Public Agency Contract Services
P. 0. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
(916) 326-3240 (TDD)
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopter by the
CITY COUNCIL
(governing body)
CITY OF SAA�TA ANA
(public agency)
on April 18, 1994
(date)
PERS-CON-12
C0600 (Rev. 12/92)
of the
Wlrk—§�OWZwy Jani e C. G y
C1Prk of the Co,nri1
Title
ORDINANCE NO. NS 2148
AN ORDINANCE OF THE CITY OF SANTA ANA AUTHORIZING
AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY
COUNCIL OF THE CITY OF SANTA ANA AND THE BOARD
OF ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM
FOLLOWS: THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS
SECTION 1: That an amendment to the contract between the
City of Santa Ana and the Board of Administration, California
Public Employees' Retirement System is hereby authorized, a copy of
said agreement being attacked hereto, marked "Exhibit All and by
such reference made a part hereof as though herein set out in full.
SECS 2: The Mayor of the City Council of the City of
Santa Ana is hereby authorized, empowered, and directed to execute
said amendment for and on behalf of said agency.
ADOPTED this
4t ---h---- day of November 1991.
F
DA L H. YOUNG
Mayor
ATTEST:
E G y
Cl r f the Council
COUNCILMEMBERS:
Young
Ave
Pulido
Ave
Acosta
Ave
Griset
Ave
McGuigan
Ave
Norton
Ave
Richardson
- Ave
APPROVED AS TO FORM:
EDWARD C PER
City Attorney
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF SANTA ANA
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 July 1, 1947, and witnessed November 25, 1946, and as amended effective
October 1, 1951, February 1, 1954, September 1, 1956, July 1, 1959, November 1, 1963, April 1, 1964,
February 1 1965, January 16, 1969, November 1, 1970, June 1, 1974, December 16, 1976, December
1, 1978, October 1, 1981, July 1, 1984, December 1, 1984, July 1, 1985, February 1, 1990 and July
1, 1990, which provides for participation of Public Agency in said System, Board and Public Agency
hereby agree as follows:
A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective February
1, 1990, and hereby replaced by the following paragraphs numbered 1 through 12 inclusive:
All words and terms used herein which are defined in the Public Emloyees'Retirement Law
shall have the meaning as defined therein unless otherwise specifically provided. "Normal
retirement age" shall mean age 60 for local miscellaneous members and age 50 for local safety
members.
2. Public Agency shall participate in the Public Employees' Retirement System from and after
July 2, 1947 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.
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. Local Fire Fighters (herein referred to as local safety members);
b. Local Police Officers (herein referred to as local safety members);
c. 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:
NO ADDITIONAL EXCLUSIONS
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. The percentage of final compensation to be provided for each year of credited prior and
current service as a local safety member shall be determined in accordance with Section
21252.01 of said Retirement Law (2% at age 50 Full).
7. Public Agency elected to be subject to the following optional provisions:
a. Sections 21380-21387 (1959 Survivor Benefits) excluding Section 21382.2
(Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959
Survivor Benefits).
b. Sections 21263, 21263.1 and 21263.3 (Post -Retirement Survivor Allowance).
C. Section 20930.3 (Military Service Credit as Public Service), Statutes of 1974,
for those local miscellaneous members and local safety members entering
membership prior to October 1, 1981.
d. Section 20461.6 (Different Level of Benefits), applicable to Section 20930.3
(Military Service Credit as Public Service), Statutes of 1974, for local
miscellaneous members and local safety members entering membership on or
after October 1, 1981.
e. Section 20024.2 (One -Year Final Compensation).
f. Section 20818 (Two -Years Additional Service Credit) for local miscellaneous
members only.
8. Public Agency, in accordance with Government Code Section 20740, ceased to be an
"employer" for purposes of Section 20759 effective on December 16, 1976.
Accumulated contributions of Public Agency shall be fixed and determined as provided
in Government Code Section 20759, and accumulated contributions thereafter shall be
held by the Board as provided in Government Code Section 20759.
9. 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 and local.safety members of said Retirement System.
10. Public Agency shall also contribute to said Retirement System as follows:
A reasonable amount, as fixed by the Board, payable in one installment 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.
A reasonable amount, as fixed by the Board, payable in one installment 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.
11. 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.
12. 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 effective on the 6th day of
Decerlb r , 1991.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
CHIEF, CONTRACT SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
PERS-CON-702 (AMENDMENT)
(Rev. 3191)
CITY COUNCIL
OF THE
CITY OF SANTA ANA
BY
Presiding Officer Dan' 1 FI. Young
Mayor
November 4. 1991
Witness Date
Attest:
Clerk J niGuy
G� rk of the Council