HomeMy WebLinkAboutCC RES 74-063RESOLUTION NO. 74-63
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM DESERT OF INTENTION TO APPROVE
CONTRACT PROVIDING FOR PARTICIPATION IN
PUBLIC ED4PLOYEES RETIREMENT SYSTEM
WHEREAS, the Public Employees Retirement Law permits the
participation of public agencies in the Public Employees
Retirement System, making their employees members of said
system, and sets forth the procedure by which participation
may be accomplished; and
WHEREAS, one of the steps required in the procedure is
the adoption by the governing body of the public agency of a
resolution giving notice of intention to approve a contract
for such participation between said governing body and the
Retirement System Board of Administration, which resolution
shall contain a summary of the major provisions of the proposed
retirement plan; and
WHEREAS, attached is a summary of the major provisions
of the proposed plan;
NOW, THEREFORE, BE IT RESOLVED, that the City Council of
the City of Palm Desert gives, and it does hereby give notice
of intention to approve a contract between said City Council
and the Board of Administration of the Public Employees
Retirement System, providing for participation of said City
of Palm Desert in said Retirement System, a copy of said
contract and a copy of the summary of the major provisions
of the proposed plan being attached hereto, marked Exhibits
"A" and "B" respectively, and by this reference made a part
hereof.
PASSED, APPROVED and ADOPTED this 22nd day of
August , 1974 by the following vote:
AYES: Aston; Benson; Brush; Clark
NOES: None
ABSENT: McPherson
HENRY B.
ATTEST:
.
HARVEY L. HURLBURT, City Clerk
City of Palm Desert, California
� PU3LZC F1�PLOYEFS' RETIRF�'1E:11T SYSTIIy!
1�+16 -�th St.� (P. O. Box 195�) RESOLUTION NO. 74-63
Sacramcnta, California 95g�9
PERS-ACT-6 (12/�1)
CONTRACT OF CITY OF PAI,Pd D�SERT
tdITH THE PUBLTC II�IPLOYEES' RETIR�fENT SYSTEM
FOR MAKING A VALUATION AS STATED HER�F'IN
By this AGREII��IT made this ���L��� day of -�y �% 7 in accordance with
and subject to the provisions of ihe Public Emplo s' R tirem nt Z.sw, by and bet�aeen
the CITY COUI�CIZ of the , � �� ' - �- •� -� � - -'
hereinafter referred to as Agency, and Public Employees' Retirement System hereinafte
referred to as System, Agency and System agree as follo��rs:
A. A�ency herewith retains the services of System to perform, as of �� �--
the valuation required by Section 20453 of ihe Public �*�ployees' Retirement La�
for the purpose of :ietermination by the Board of Administration of the Public
Er:ployees' Retire::;e:�t System of the contri'outions io be made by Agency if agency
adopts a contract with said Board �•rhich provides for benefits as described in
the attached Exhibit A.
B. A�ency will pay $ 110.00 to System ubon cotLpletion of the valuation,
such fee being based on the nu�,ber of persons and membership categorzes invoJ.ved.
C. „ny and a11 data and inzor;..ation requested by System from Agency for use in com-
pilation of this val�atio:� snall be furnished to System by Agency upon request
by SS•stem. The actuarial tables and procedures to be used in the valuation shal:
be in accord�nce with tables approved by said Board of Ad�r,inistration. System
shall have sole control of the valuation and its judgment in the determination
thereof srall be final and conc3usive. Al1 �✓ork shzets and final results and
reports, the product of the valuation, shall be and rernzin the property of the
Systero.
',�itness our hands the day and year first above written.
PUBLIC �4PLOYE�.S' R�TIREME'i�1T SYSTEM
BY �/l� ���'"i ��� �'r
l•1ill�am E. Payne, � ecu ve Officer
CITY OF PAI,1� DESERT
BY !'r.......•� � .,• �/- �,
�Iame + � F ✓
� HARVEY L. HURLBURT
City Manager
Title
Contract
RESOLUTION N0. 74-63
^-,�t•-r.,� Statur ne of _
'�atus rele�cc+ mUaber
-::nded:
:.0 Co�eraqe: •
_.�l P��i$ S1I1CB. • • • • • • � • • •
:.OZ OIISDI sirce (I}=Div., A^All) . .
--�3 retro to. . . . . . . . .
`:,0•'+ Forner Group A re-e�ploy as ..
.OS Refund retro OASAZ adj. contr .
,� I:OCAZ S}'3tG^.!� • � • • • � • • • •
.01� IIse �ge for contr. ratee. . . .
:.02 F�plefee con�r. trarsferred . .
r',�3 Retired lives trsnsferred . . .
I ,0 Retire^ent For�ula:
� � �._..._ -
' . �l L'�•a 31.. C 1' O I�.-u� • • • • • • • • •
=.0z Percent for P/S . . . . . . . .
, .C3 Be:�eiit '_r������'ed to . . . . . .
,
".'�4 ��i.ni_;�.:� Rci:ire:��nt Age. . . . .
=,05 l�iir_i�.t� G�:ar�¢ee . . . . . . .
=, Z; iiod lst $�, for O�1SDI fro� .
`.� L�1t11 • • • • • • • • • � • •
�,i� t�s� reaftar ZGt � t0 .
, .',9 L��eresite; lt�t $�� to .
,, 7.0 0; diu� ry d?."= �ility foi �ala ..
'.11 Dirab�l�ty lir�it (�ection). . .
*.O i:Ci'{J67]Sc^.,ti1CII�l►�"-:I`cl �2I
.O1 ���r�P/S E?��1its. . . . . . . .
j.02 Fa: C/S Fc1c���s. . e.....
j.03 Gr. Since (d�te). . . . . . .
+.04 Ir.clt�.�e o�nrt? .�e. . . . . . .
".0 Po;;t-: etirc :ent I}�si;h Beneiits:
-.Ol L•,�.:p 5��. . . . . . . . . . .
�.02 1/Z con�i���ance (2L6�) . . . .
=.0 P: �--re� i_rc� ^nt P,�azh Be�cefits:
<,O1 I.ocal S�btea Ccntr. crcnit. . .
�.C2 Local Syrtet� serv. credit . . .
=.03 .'S7 Su�vi�or (21j6$.5) since. ,
=.G� ':9 Uurvicor (2138C1-7) since. .
fur CITY OF PALM DESERT
20493 or 20580 efiective
a) lol
�i�cQllaneous
No
No
--- �
1/50 �
1� ' ( �
Aae 6 �
55 � i
5100
No �
1. 8`',6 .
21297 F
3 Years ______
3 Years ^�
i E�apio,y-r*,ent� _
�i iv' o
I�`500 ��
��+ . .
C� � ' � � �
No
Yes f
No �
fi�tri.es t+eloa a
:0 5;.��ci�l :er,�cz:
=--dj----l=�� --ka-.��'�--a: �::�z --t�:,si-:.c�-�2�y?
"-c1L�.s:.o:.� & Fe�.:�r1;s
Code
Qlpha
�c) (d)
Local Safety
Fire. �� PoI.-CPO I
�
c �
K :'..�`�
i_ly to all t*r�Lra �
� .__._-.�.-.-.--.
c�.0 Alle��ance ?P.Cr�t�.ses: ��
.���:;100 I�iin. �`�ar.�21�58.2). . • � _
8.03 ' ` re-3 yr. ave. (21? -. (.-
8.04 'S7 to p:, z/56^-- y 1251.5) �._
8.05 For 2�034.1 _v P (2C834.2)
8.Ob For °� service (2 �. . . .
8.�0 � to pre-1-1-62 ret (2127_� I�
��'��i ' 68 to pre-? -7_-67 ret (21.2�? .`' _7�
�IBIT A
a
=�-ac�r-556 (z/72)
RESOLUTION N0. 74-63
S:ATE OF CALIFO£N1A -flOARD OF ADl,VNISTRA710N RONALD REAGAN, Covsrno►
PUBLlC EMPLOYEES' RETIREMENT SYSTEM
1116 NINTH STREET, P.O. BOX 1953 .� �-�
StCP.AI.iENTO, CALIfOFNIA 95809 �
Reply to Section 020
auly 24, 1974 ����Ce,r`�,�i �i':"�
JUL 2 9 1974
r�rji_r,� i;c.Ss��; i Ci �1' H�?LL
?�Ir. Harvey Z. Hurlburt
City P�ana.ger
City of Palm Desert
P. 0. Bog 1648
Palm Desert, CA. 92260
The contract for a valurtion to determ.ine the approa:3�nate
cost for your pa�-tici�ting in the Fublic :�nployees � Petise-
ment SysZem h;�s r�o�� been e_:ecu�ced b� c,ll p�sties concerned.
j1e are -re �ur-r�i�o a co;�y of the e.:ecuted contract for your files.
/�` / � G ",lll `_
I'�SU:= Y%a?G,� O
!SCi�11u
E71C� OSUI'@
Pt?P�S-:.CT-3
�ESOLUTION NO. 74-63
C01 rRACT
' BETYEEI� Tiig
BOARD OF AT4JINISTRATION
PUET IC E,�I,OY�ES' RFT IRE,�'dT SYSTE9d
A1�D 1 ii$
CIiY COJ2dCLL
OF THS
C IlY OF PAI,.'� DES�T
In conslderation oP the caven�nts and a�reement hcreafter contained and
on the purt oP both partiea to be kept and pzrfor.ned� the CZt^Y CO'JP�CIL of the
CiIY OF rA�!d Dr.s�T, hereafter referred to as "Public Agcncy" and the Board
oP Acl^inis�ration� Public E:,ployees� Retirc�aent Syste�� hereafter referred to
as "Bor:rd"� hereby �;ree as follo':+st
1. All �:ords and ter-,as used herain �=rhich are defined in the Public E�-
ploycee� Retire�ant ��r s'�all have the net�ning as defined therein t;nless
other��ise speci�ically provided. ".lor:nal retira�ent a;e�' shall mean
�e 60 for z�iGcellaneous r�e�bers.
2. Publie A�ency sh�1� particioate in thz Public �nployLes' Retire�ent
Sys�ea �ro� znd zfter October 26 � 19 74 ��ng its
euployees as hereina�ter provided� me:�bers oi said System subject to
all provisions of the Pablic Elilployees� Retire�ent L�N e�.cept such as
apply on�y o:� election oi a contracting a.�ency ar_d a,ra not provided
�or herein and to alI :-���e>>3:�e�its to sa.id Za�v herea.iter En�cted er.cept
�ach as by exorese provision �hereof anply only on tne election o�
contractin,g �;encies. .
3. ���loy e�s of Pab1i e A�ency in Lhe follo�.ii:�g classas �'n�ll beco�a me�bera
of �jid Re �ire7ent Syste� �.xcept sucll in eacn �ich class as are e�:cluded
Uy 12�� or tlL�_s aJreeuer�tt
a. E�ployees other than local safety me�bers (herein referred to ae
Iisce?l�ne;,us me-�bers�.
•l�e .folloti•�ing e�ployees sha3.1 be excluded fron �a��bershin in ssid
R��tire�ent Syet�t
LOCkL FIP�.�I1 A�YD POLIC��
A..?�L �::FLOYE�'S AGF 65 (�t OLDF� Q� CQ�`1�R.ACr DATE -
0
FERSO:�S �7H0 AB.S E��I,CS r� �i'T A TII,�CP.ARY A?��/QR -
S�"-.SO_�A.I� 84SIS IF I`P IS A CO:TDITIOA OF ���'L�Iv-T
A^1 TII�".F: OF H1� 1FAT SAID ��;.FT�O7�:i�J�' I10T �C�
SIX li0I�1HS.
Ct-t CS S I2; G GUA.RDS
AD.'�IIiIS�RAlIYE � 1E3::3 -
4, lhe fraction oP �inal co�pensation to be provided Sor eacli year oY
cred3ted prior �nd cUrrent service as a niscell���eous ��ber upon re-
tir�ent at norm._al re �ire:�ent �e sh311 be th�t provided in Section
21251.13 oi the Retise^ent I,aw.
Ret. Fo� 126-1
RESOLUTION N0. 74-63
5. The �ollotiving additional provleioa ot the Publie i�ployees� Retire�ent
LaH �v:�ich applied only upon eleetion o! a contracting agency ah�l.l
epply to the Public Agency and ita e�nployeeet
s. Section 21263��(providing upon death oY a miacellaneoue member �ho
ratires Por service or disability Yor the contirn�ation of one-hal�
the ret� reaaent allor.�nce to certain eurvi.vors�.
b. Section 21380-7 (providing for rillo��ance� Yor eurvivors of inembera
covered vnder the program upon death before retire�ent}.
6. Public Agency sha11 contribute to said Retirenent Syatem as followst
a. �ii �h respect to ni�cellaneous neLnbers� the public a�ency sbal.l
contribute the #'ollo�ri.r_U percentagea of r�onthl,y salaries earned
as �.iscellaneous nc,�bers of said Syste�rnt
�I� 0.17 percent until June 30� 2005 on account of the liabi�itp
�or prior aerviee n�nefit�.
(2} g.61 percen� on account of the liability ior current service
bene�its.
�3� 1.00 percent on �ccou.�t o� the lia�ility ior �ha 1959 Survivora
progra�. .
b. A rea�onable �oi.�.nt per ant�� as x"ixed by Bo�sd to cover the cost
of ad�iiii.s �eriug said Sy�t�m as i� af�ects f.he e��Io��ees of Public
Ag�cy� I10� �13C112Ci111g tihe coste of epecial vG.].U.atior_s or o� the
periodical iuvestigation and valu�.tion required by 7..a�v.
c. � re��or�able �*�loun� ss ��ed by the Board� pa�•able in one in�ialZ-
;:,en;, as the occ�sions arise� to cover cost$ of epecial valuationa
on accoant oi ecaployees o� iublic �e��cy� and costs o� '��,he geriod� cal
invest„�ticn �id valua�ion required by lsv�.
7. Contribu�tio*�s required of Public A,ency and its e�ployees sh?]1 be
subject �o sdjust��nt by Board on account oi a�en�e�nts to thz x�blic
�_ployEas� fie�irenent LQw� �d on account of e�perience u�3er the
Retire�.��r�� Systam� as detern.ined by the periodical investigation �nd
�alua�ic� r•equired by said Retirement T�w.
8. Contri_buiione ►�equired oi Public ���ncy and it� e�F�1o� ees sn�.11 be paid
Uy Fub? ic Agency to fi.he Petirement Systen �r3.thin thirty deys �fter the
end of the period ico �vnich sa.id contributions refer. If more or lesa
th?n the eorrec� r�ount of contiribution is psid for �,y periad� propEr
ad jus�er�t ��al l be �i:ade in connection �vith subsequent rEsi �tances� or
adjus�ient on account o� errors in contributions requirea of aqy e�p�.oyea
n� bs n�de by d9sect cas:n p�:ynents bet��een the e�ployee and Board. P2,p-
nen�s by Pub11c Agency to Bozrd may be rilade in the �ozz� o� ti«rrants� bank
chscks� bank dx�Pte� certi�Zied checke� noney orders� or c�sh.
ti�itness our t-�de t.rrie 3rd
::Q4RD OF A.�'Il�T_Sl�nlIOlY
FJJ3LIC �'-•..�'I,C'•YP'.� � REl . ,i�P SYS��d
l ` ��ll'ls� t <<
BY '"`-
liillic� E. P��ynei _cut � O��icer
day o� October, 1974 .
C Iri`Y C OUi; C II, OF TH$ '?
C ITY OF PA7�,i ��'�' F`'.�tT ; (I
_ i � � ��
;�'' �, - �1� .�'
BY � � � 1 � •� � :
Presiding prficer, Mayor
Attestt����_""f ��
H vvv ._ r u t_ itv er�c