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Home My WebLink AboutUrgency Ord 1182 & Ord 1183 - Amnd City's Contract w/CalPERS � � (��"�'ti�� G'�;s�__--��(�'`/ � r � � ��:�� <<��1 ��r� _.�w...___ �� ,(�/ ��. 1/� , � . `�. G)q CITY OF PAL�VI �E"�S"�� '�vu F:��;�} .-�_ � � ��.Qyv.x - m _ �. CITY MANAGER'S OFFICE STAFF REPORT REQUEST: Consideration of Ordinance No. 1182 , an Urgency Ordinance, amending the City's contract with the California Public Employees' Retirement System (CaIPERS), and passing Ordinance No. > >R� to second reading. DATE: April 23, 2009 CONTENTS: 1) Ordinance No. - lls� 2) Ordinance No. -�_ 3) Certification of Compliance with Government Code Section 20903 4) Contract Amendment— CaIPERS Contract SUBMITTED BY: John Wohlmuth, City Manager Recommendation: 1. Waive further reading and adopt Ordinance No. ils2 , an Urgency Ordinance, amending the City's contract with the California Public Employees' Retirement System (CaIPERS); 2. Waive further reading and pass Ordinance No. lla3 to second reading, amending the City's contract with the California Public Employees' Retirement System (CALPERS); 3. By Minute Motion, authorize the Mayor to execute Certification of Compliance with Government Code Section 20903 and the contract amendment documents. Discussion: At its meeting of March 26, 2009, the City Council adopted Resolution No. 09-16 stating its intent to amend the City's contract with CaIPERS to include Section 20903 which allows the City to offer early retirement with two years additional service credit. Due to current economic conditions and budgetary concerns, it is beneficial for the City to Staff Report: CaIPERS Contract Amendment—Eariy Retirement Ordinance No. i 182 Submitted by: John Wohimuth, City Manager Ordinance No. 1183 Date: April 23, 2009 Page 2 encourage early retirements at this time by offering an incentive of additional service credit for those who retire within a predetermined date range. The passage of an ordinance is required to complete the contract amendment process. Staff is requesting that Council adopt an urgency ordinance in order to expedite the processing of early retirements and alleviate budget concerns. The urgency ordinance will allow the City to open the "window" for early retirement immediately. Government Code Section 20903 requires that the "window" be no less than ninety (90) days; therefore, staff is requesting the period for early retirement be set to begin May 1, 2009, and end August 15, 2009. Employees who retire during this period will receive an additional two years of service credit. Financial Impact: The potential financial impact was reviewed at the March 26, 2009, City Council meeting. The final fiscal impact will be dependent upon the number and the classifications of employees who elect to retire. This program has the potential for a significant savings in salary projections for the ne�ct fiscal year. It will also create the need for reorganization throughout the City. Submitted by: � JO HLMUTH PAUL GIBSON C' anager Finance Director/City Treasurer CITY COUNCIL��TION APPROVED DENIED RECEtVED OTHE -^� _ r��Ql7C� MF.E I G DA � n� � -/ � AYF.S: , � NOES: AIiSENT: ABSTAIN: VERIFIED BY: � Original on File with City rk's Office Page 2 of 2 ORDINANCE NO. �_ AN URGENCY ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF PALM DESERT WHEREAS,the City Council of the City of Palm Desert(hereinafter the"City") and the Board of Administration, Public Employees' Retirement System (hereinafter the "Board"), entered into a contract for participation of the City in said system effective October 26, 1974; and WHEREAS, said contract has been amended, from time to time, on February 7, 1981, July 29, 1989, June 14, 1991, June 28, 1996, and July 31, 2002; and WHEREAS, California Government Code Section 20903 provides that when the governing body of a contracting agency determines that because of the impending curtailment of, or change in the manner of performing service, the best interests of the agency would be serviced by encouraging the retirement of local members; and WHEREAS, the City and Board desire to amend the contract. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, DOES HEREBY ORDAIN AS FOLLOWS: Section 1. That an amendment to the contract befinreen the City Council of the City of Palm Desert, California, and the Board of Administration of the 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 City Council declares that due to the state of the economy and its inherent impact on the City's revenues, there is an immediate need for implementing this Ordinance. Section 3. The Mayor of the City of Palm Desert, California is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. Se�tion 4. This ordinance, if adopted by a four-fifths vote, shall be in full force and effect immediately upon its adoption. ORDINANCE NO. 1182 Section 5. The City Clerk shall certify to the adoption of this ordinance and shall cause it to be published once in The Desert Sun, a newspaper of general circulation, published and circulated in the City of Palm Desert, California. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Palm Desert, California, at its regular meeting held this day of May, 2009, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ROBERT A. SPIEGEL, MAYOR ATTEST: RACHELLE D. KLASSEN, CITY CLERK C17Y OF PALM DESERT, CALIFORNIA 2 ORDINANCE NO. 1182 - �� CaIPERS EXHIBIT A California Pubfic Empioyees' Retirement System AMENDMENT TO CONTRACT Between the Board of Administratioa California Public Employees ' Retirement System and the City Council City of Palm Desert The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective October 26, 1974, and witnessed October 3, 1974, and as amended effective February 7, 1981, July 29, 1989, June 14, 1991, June 30, 1996 and September 7, 2002 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 September 7, 2002, and hereby replaced by the following paragraphs numbered 1 through 13 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 55 for local miscellaneous members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after October 26, 1974 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. 1 of 4 ORDINANCE N0. 1182 �L�� D� ��T ��;� "��T �� 3. Employees of Public Agency in the following classes sha�i 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. ALL SAFETY EMPLOYEES; AND b. ALL EMPLOYEES AGE 65 OR OLDER ON CONTRACT DATE. 5. Prior to January 1, 1975, those members who were hired by Public Agency on a temporary and/or seasonal basis not to exceed 6 months were excluded from PERS membership by contract. Government Code Section 20336 superseded this contract provision by providing that any such temporary and/or seasonal employees are excluded from PERS membership subsequent to January 1, 1975. Legislation repealed and replaced said Section with Government Code Section 20305 effective July 1, 1994. 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous .member in employment before and not on or after September 7, 2002 shall be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment on or after September 7, 2002 shall be determined in accordance with Section 21354.5 of said Retirement Law (2.7% at age 55 Full). 8. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624 and 21626 (Post-Retirement Survivor Allowance). . b. Section 21572 (Increased Level of 1959 Survivor Benefits). c. Section 20965 (Credit for Unused Sick Leave). 2of4 ORDINANCE N0. 1182 r:� � ,' ,,. , �� e�¢Q�� ,, J , � � � d. Section 21151 (Industrial Disability Retirement For Local " Miscellaneous Members). e. Section 21427 (Improved Nonindustrial Disability Allowance). f. Section 20042 (One-Year Final Compensation). g. Section 20503 (To Remove the Exclusions of "Crossing Guards" and "Administrative Interns", Prospectively from June 14, 1991). . h. Section 20325 (Optional Membership for Part-Time Employees). i. Section 20903 (Two Years Additional Service Credit). 9. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on February 7, 1981. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 10. 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 Retirement System. 11. 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. 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. 12. 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. 3 of 4 ORDINANCE N0. 1182 13. Contributions required of Pubfic 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 regulafion. 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 befinreen the employee:and the Board. B. This amendment shall be effective. .on the day of , � BOARD OF ADMINISTRATION .�:-'t'"°� CITY COUNCIL PUBLIC EMPLOYEES' RET.#R�M�ENT SYSTEM CITY OF PALM DESERT F,_,.,�.;.,y.• . _ : . .�P� � �� BY ��.�� BY LORI MCGA TC�►`f�1D, CHIEF PRESIDING OFFICER EMPLOY R`:R�RVICES DIVISION ,, ,,,_.;�;,,�' PUBLI(`�,i,��LOYEES' RETIREMENT SYSTEM ,�::;,,"n a✓ . i ..`!„ �sjk�� o'��V�o�,,,.�`y� Witness Date �:>4�°�` g �� 4'9� Attest: �`�� rk AMENDMENT ER#1018 PERS-CON-702A(Rev. 10\05) 4of4 ORDINANCE NO. � 1 R'� AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF PALM DESERT WHEREAS, the City Council of the City of Palm Desert(hereinafter the "City") and the Board of Administration, Public Employees' Retirement System (hereinafter the "Board"), entered into a contract for participation of the City in said system effective October 26, 1974; and WHEREAS, said contract has been amended, from time to time, on February 7, 1981, July 29, 1989, June 14, 1991, June 28, 1996, and July 31, 2002; and WHEREAS, California Government Code Section 20903 provides that when the governing body of a contracting agency determines that because of the impending curtailment of, or change in the manner of performing service, the best interests of the agency would be served by encouraging the retirement of loca! members; and WHEREAS, the City and Board desire to amend the contract. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, DOES HEREBY ORDAIN AS FOLLOWS: Section 1. That an amendment to the contract between the City Council of the City of Palm Desett, Caiifornia, and the Board of Administration of the 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 City Council declares that due to the state of the economy and its inherent impact on the City's revenues, there is an immediate need for implementing this Ordinance. Section 3. The Mayor of the City of Palm Desert, California, is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. ORDINANCE NO. �is3 Section 4. The City Clerk shall certify to the adoption of this ordinance and shall cause it to be published once in The Desert Sun, a newspaper of general circulation, published and circulated in the City of Palm Desert, California. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Palm Desert, California, at its regular meeting held this day of Mav, 2009, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ROBERT A. SPIEGEL, MAYOR ATTEST: RACHELLE D. KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA 2 ORDINANCE N0. 1183 '�i - � CaIPERS EXHIBIT A California Pubfic Empioyees' Retirement System AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees � Retirement System and the City Couacil City of Palm Desert The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective October 26, 1974, and witnessed October 3, 1974, and as amended effective February 7, 1981, July 29, 1989, June 14, 1991, June 30, 1996 and September 7, 2002 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 September 7, 2002, and hereby replaced by the following paragraphs numbered 1 through 13 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 55 for local miscellaneous members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after October 26, 1974 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. 1 of 4 ORDINE4NCE N0. 1183 �� D� �� °:� 6f��l�� j��'�1 3. Employees of Pubiic 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. ALL SAFETY EMPLOYEES; AND b. ALL EMPLOYEES AGE 65 OR OLDER ON CONTRACT DATE. 5. Prior to January 1, 1975, those members who were hired by Public Agency on a temporary and/or seasonal basis not to exceed 6 months were excluded from PERS membership by contract. Government Code Section 20336 superseded this contract provision by providing that any such temporary and/or seasonal employees are excluded from PERS membership subsequent to January 1, 1975. Legislation repealed and replaced said Section with Government Code Section 20305 effective July 1, 1994. 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous .member in employment before and not on or after September 7, 2002 shall be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment on or after September 7, 2002 shall be determined in accordance with Section 21354.5 of said Retirement Law (2.7% at age 55 Full). 8. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624 and 21626 (Post-Retirement Survivor Allowance). . b. Section 21572 (Increased Level of 1959 Survivor Benefits). c. Section 20965 (Credit for Unused Sick Leave). 2 of 4 ORDINANCE N0. 1183 kl,i i t , i � i I :; . a '-�� a c ��:_ � ' ' d. Section 21151 (Industrial Disability Retirement For Local Miscellaneous Members). e. Section 21427 (Improved Nonindustrial Disability Allowance). f. Section 20042 (One-Year Final Compensation). g. Section 20503 (To Remove the Exclusions of "Crossing Guards" and "Administrative Interns", Prospectively from June 14, 1991). � h. Section 20325 (Optional Membership for Part-Time Employees). i. Section 20903 (Two Years Additional Service Credit). 9. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on February 7, 1981. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 10. 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 Retirement System. 11. 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. 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. 12. 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. 3 of 4 ORDINANCE N0. 1183 13. 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. 6. This amendment shall be effective:on the day of , �: 3. ',a. BOARD OF ADMINISTRATION :y:,:�:�� CITY COUNCIL PUBLIC EMPLOYEES' RET�R�IVIENT SYSTEM CITY OF PALM DESERT �:: -�'' ,.;, . ,7"�;`� y BY �,_�,`�;;�� BY LORI MCGA�°f�D, CHIEF PRESIDING OFFICER EMPLOY R" � VICES DIVISION -' -� � 4� � .:-G ��')��,v��'� �r PUBLI� pLOYEES RETIREMENT SYSTEM � � >,,;.;��`'r a'V°�,,,�''i Witness Date �:�,�°"'' �.�� F�� Attest: �`�� rk AMENDMENT ER#1018 PERS-CON-702A(Rev. 10\05) 4of4 CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Branch Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (888) CaIPERS (225-7377) CERTIFICATION OF COMPLIANCE WITH GOVERNMENT CODE SECTION 20903 In accordance with Government Code Section 20903 and the contract between the Public Employees' Retirement System, the City Council of the City of Palm Desert hereby certifies that: 1. Because of an impending curtailment of, or change in the manner of perForming service, the best interests of the agency will be served by granting such additional service credit. 2. The added cost to the retirement fund for all eligible employees who retire during the designated window period will be included in the contracting agency's employer contribution rate for the fiscal year that begins two years after the end of the designated period. 3. It has elected to become subject to Section 20903 because of impending mandatory transfers, demotions, and Fayoffs that constitute at least 1 percent of the job classification, department or organizational unit, as designated by the governing body, resulting from the curtailment of, or change in the manner of performing, its services. 4. Its intention at the time Section 20903 becomes operative is to keep all vacancies created by retirements under this section or at least one vacancy in any position in any department or other organizational unit permanently unfilled thereby resulting in an overall reduction in the work force of such department or organizational unit. THEREFORE, the City Council of the City of Palm Desert hereby elects to provide the benefits of Government Code Section 20903 to all eligible members who retire within the designated period, through CITY COUNCIL OF THE CITY OF PALM DESERT By: Presiding Officer Attest: Clerk/Secretary Date 2yr certification-PA(Rev.4/04) � li, � , Ca1PERS California Public Employees' Retirement System AMENDMENT TO CONTRACT Between the Board of Administration Califoraia Public Employees ' Retirement System and the City Council City of Palm Desert The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective October 26, 1974, and witnessed October 3, 1974, and as amended effective February 7, 1981, July 29, 1989, June 14, 1991, June 30, 1996 and September 7, 2002 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 September 7, 2002, and hereby replaced by the following paragraphs numbered 1 through 13 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 55 for local miscellaneous members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after October 26, 1974 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. ALL SAFETY EMPLOYEES; AND b. ALL EMPLOYEES AGE 65 OR OLDER ON CONTRACT DATE. 5. Prior to January 1, 1975, those members who were hired by Public Agency on a temporary and/or seasonal basis not to exceed 6 months were excluded from PERS membership by contract. Government Code Section 20336 superseded this contract provision by providing that any such temporary and/or seasonal employees are excluded from PERS membership subsequent to January 1, 1975. Legislation repealed and replaced said Section with Government Code Section 20305 effective July 1, 1994. 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment before and not on or after September 7, 2002 shall be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment on or after September 7, 2002 shall be determined in accordance with Section 21354.5 of said Retirement Law (2.7% at age 55 Full). 8. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624 and 21626 (Post-Retirement Survivor Allowance). b. Section 21572 (Increased Level of 1959 Survivor Benefits). c. Section 20965 (Credit for Unused Sick Leave). d. Section 21151 (Industrial Disability Retirement For Local Miscellaneous Members). e. Section 21427 (Improved Nonindustrial Disability Allowance). f. Section 20042 (One-Year Final Compensation). g. Section 20503 (To Remove the Exclusions of "Crossing Guards" and "Administrative Interns", Prospectively from June 14, 1991). h. Section 20325 (Optional Membership for Part-Time Employees). i. Section 20903 (Two Years Additional Service Credit). 9. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on February 7, 1981. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 10. 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 Retirement System. 11. 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. 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. 12. 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. 13. 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 day of , BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF PALM DESERT BY BY LORI MCGARTLAND, CHIEF PRESIDING OFFICER EMPLOYER SERVICES DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM Witness Date Attest: Clerk AMENDMENT ER#1018 PERS-CON-702A(Rev. 10\05) CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM Actuarial and Employer Services Branch Public Agency Contract Services P.O. Box 942709 Sacramento, CA 94229-2709 (888) CaIPERS (225-7377) CERTIFICATION OF FINAL ACTION OF GOVERNING BODY I hereby certify that the of the (governing body) (public agency) adopted on , , by an affirmative vote of a majority (date) of the members of said Governing Body, (Ordinance or Resolution) No. approving the attached contractual agreement between the Governing Body of said Agency and the Board of Administration of the California Public Employees' Retirement System, a certified copy of said (Ordinance or Resolution) in the form furnished by said Board of Administration being attached hereto. Clerk/Secretary Title Date PERS-CON-5(Rev. 1/96)