CC Ordinance 2007
ORDINANCE NO. 2007
BEING AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY
COUNCIL OF THE CITY OF CAMPBELL AND THE BOARD OF ADMINISTRATION
OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
The City Council of the City of Campbell does ordain as follows:
Section 1.
That an amendment to the contract between the City Council of the City of Campbell
and the Board of Administration, California Public Employees' Retirement System is
hereby authorized, a copy of said amendment being attached hereto, marked Exhibit,
and by such reference made a part hereof as though herein set out in full.
Section 2.
The Mayor of the City Council is hereby authorized, empowered, and directed to
execute said agreement for and on behalf of said Agency.
Section 3.
This Ordinance shall take effect thirty (30) days after the date of its adoption, and prior
to the expiration of fifteen (15) days from the passage thereof shall be published and
circulated in the Campbell Express, a newspaper of general circulation, published and
circulated in the City of Campbell, and thenceforth and thereafter the same shall be in
full force and effect.
PASSED AND ADOPTED this 3rd
following roll call vote:
of
July
2001, by the
AYES:
Councilmembers:
Furtado, Kennedy, Burr, Watson, Dean
NOES:
Councilmembers:
None
ABSENT:
Councilmembers:
None
APPROVED:
ATTEST:
t2-.6IL~
Anne Bybee, City Clerk
A
CalPERS
California
Public Employees' Retirement System
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AMENDMENT TO CONTRACT
Between the
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of CampbeH
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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
February 1, 1962, and witnessed December 11, 1961, and as amended effective July 1,
1967, January 1, 1968, July 1, 1972, May 1, 1973, July 1, 1973, December 27, 1978,
August 3,1981, May 8,1992 July 16,1993, June 30,1995, June 17,1996, March 19,
1998, November 7, 1998 and March 8, 2001 which provides for participation of Public
Agency in said System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 13 are hereby stricken from said contract as executed
effective March 8, 2001, and hereby replaced by the following paragraphs
numbered 1 through 14 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 and age 50 for local safety
members.
PLEASE DO NOT SIGN "EXHlplT r . .. .
2. Public Agency shall participate in the Public Employees' Retirement
System from and after February 1, 1962 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 System:
a. PERSONS COMPENSATED ON AN HOURLY BASIS.
5. Assets heretofore accumulated with respect to members in the local
retirement system have been transferred to the Public Employees'
Retirement System and applied against the liability for prior service
incurred thereunder.
6. The percentage of final compensation to be provided for each year of
credited prior and current service for local miscellaneous members shall
be determined in accordance with Section 21354 of said Retirement Law,
subject to the reduction provided therein for service prior to March 31,
1973, termination of Social Security, for members whose service has been
included in Federal Social Security (2% at age 55 Full and Modified).
7. The percentage of final compensation to be provided for each year of
credited prior and current service as a local fire member shall be
determined in accordance with Section 21362 of said Retirement Law (2%
at age 50 Full).
PLEASE DO NOT SIGN "EXHIBIT ON1_'
8. The percentage of final compensation to be provided for each year of
credited prior and current service as a local police member shall be
determined in accordance with Section 21362.2 of said Retirement Law
(3% at age 50 Full). The required member contribution rate is 9% of
reportable compensation.
9. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 21573 (Third Level of 1959 Survivor Benefits) for local
miscellaneous members only.
b. Sections 21624 and 21626 (Post-Retirement Survivor Allowance).
c. Section 20930.5 (Uncompensated Elected Official Credit).
Legislation repealed said Section effective January 1, 1981.
d. Section 20042 (One-Year Final Compensation) for local safety
members only.
e. Section 20516 (Employees Sharing Cost of Additional Benefits):
Section 20042 (One-Year Final Compensation).
From and after August 3, 1981 the fire employees of Public Agency
shall be assessed an additional 2% of their compensation for a total
contribution rate of 11 % pursuant to Government Code Section
20516.
From and after August 3, 1981 and until June 17, 1996, the police
employees of Public Agency shall be assessed an additional 2% of
their compensation for a total contribution rate 11 % pursuant to
Government Code Section 20516.
f. Section 20434 ("Local Fire Fighter" shall include any officer or
employee of a fire department employed to perform firefighting, fire
prevention, fire training, hazardous materials, emergency medical
services, or fire or arson investigation services as described in
Government Code Section 20434).
g. Section 20903 (Two Years Additional Service Credit).
h. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local
safety members only.
PLEASE DO NOT SIGN "EXHIBIT ONL"t
I. Section 21024 (Military Service Credit as Public Service), Statutes
of 1976 for local miscellaneous members only.
J. Section 21328 (One-Time 1% to 6% Increase For Local police
Members Who Retired or Died Prior to January 1, 1998).
10. Public Agency, in accordance with Government Code Section 20790,
ceased to be an "employer" for purposes of Section 20834 effective on
December 27, 1978. 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.
11. 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.
12. Public Agency shall also contribute to said Retirement System as follows:
a. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21573 of said Retirement
Law. (Subject to annual change.) In addition, all assets and
liabilities of Public Agency and its employees shall be pooled in a
single account, based on term insurance rates, for survivors of all
local miscellaneous members.
b. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21574 of said Retirement
Law. (Subject to annual change.) In addition, all assets and
liabilities of Public Agency and its employees shall be pooled in a
single account, based on term insurance rates, for survivors of all
local safety members.
c. 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.
d. 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.
~- ~ - .~.._-
13. 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.
14. 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 emPIOy~:a'nd the Board.
B. This amendment shall be effectiv~he day of
BOARD OF ADMINISTRATION ~;g;- CITY COUNCIL ~>
PUBLIC EMPLOYEES' RETIREME~YSTEM CITY OF CAMPBELL 0~
~, .~
BY :) BY .....<x~
KENNETH W. MARZION, CHI PRESIDING OFFI~ y
ACTUARIAL & EMPLOYER ICES DIVISION ^ ~
PUBLIC EMPLOYEES' REs-3 MENT SYSTEM ~ "-
<if Witness ~
~ ~~
Atte.sK,.~
'.:Y
Clerk
AMENDMENT
PERS-CON-702A (Rev. 8\96)