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HomeMy WebLinkAboutReso 1951-1258 1951-1258 Employees Retirement system 1 � � n � . � .,-- t ' '', , .% - . ; `;, , RESOLUTION NO. 1258 � ° Or THd �itv Cnun�i 7 s ir ?dane of Governing Bod,V ` AUTHORI%IATG Aid Ai�IEiQL't���':�'T TO Tt?E COld'PitiiC^i YROVID'I:vG FOR THF PARTICIPATION I � OF THE C!t v oY' Chu'Lti V tafiFi , :Vame. of �biic Agency Ii'? TI� STATr� Ei:�i?LOYFES�� RETIRE'r�NT SYSTEh;1, I�eV�KI.IG ITS E�LOYEES n4E2u1B.�2S OF SAID SYSTEt". i'JAEFtE!15� the Eoard of &dministration of the State £�nployees� Retirement System and tlitv �nunoi'L of the �:iLV Ol :%hu7.t3 �18t� `. il�vne of Governing Eoc�y ivame o£ Fublic Agency, entered into a Contr�ct effective on fletob4x 1 19�0� providing for the p�rticination o£ said pitv nf Ohult� V'1e'Grl in the State Employees � �1-me of �blic .lgency netirement System; and - ' t"dI�'rtE�1S, it is norr 3esirable to take advuntsge o£ certain benefits provided under eaid Retirement System, and not included in said contract; :JOti;,, THERs.FORE, BE TT RESOLV'E;D that said Oity Counoil :dame o£ Governing }3ody authorized, and it does hereby autnori2e, an amendment to said Contrar,t, a copy of said amendment being attached hereto marked ���xhibit A��, and by such refer.ence made a part nereof as though herein set out in Sull; and i�E IT rUR.^tI?�'.4 RESOLVED that the presia.ing o£ficer o£ said City C011'IlCil Idame of be, and he is hereby authoriyed, e��o�,aered and directed to Governiilg Body execute said a�nerdment for and on behalf o: said Clty of Chula vi�lUrz Name of Pablic a�ency Adopted this llth day of 50ptOflb�T , 19 5L A+.test: � ___�����— Pres_cli�g 0£:i er � �..,��Q 4��p o �_.— . Clerk o; Sec etary � .. ., ,i . , . ? 1?_9e (C�iar. �k & Cumr. ) 3-5� 1$� �. Benefits, inciudinp, retiirement allolvances� prior to the e£iective date o£ this a�aendment, shall not be a£iected by this amendment, except as otherr�ise provided herein. 6. This a�nendment shall Ue attached to said contract and shall be effective as o£ p�tober 1 _� 19�L• � ^?tness o��-- "and this lltr day of Se�te�beT , 19 51 • At'.est: of ivame of egis ative Body ��i �/1 ���� �le?'1: CITY OF CHULA V�5_�A ;dzme o£ Yublic A�ency STATE BOA?�D OF :AlliEII'IISTR?TIOi�� STATE II',IPLOi'E�:i' P�TIPS'r:�NT S"'ST�'d �Y C�.1-Lr�-9` C%c �CJ�— � g,� _ esiding Of£�r resident 9ttest: Executive Gfficer F7o6-707-2 (1�9 sI:1-No SP�) 6/51 600 AR�i'dDIl�I4T TO COIVTR1tCT BETl4BEN T.'-I� BOARD OF ADiviI:SISTRATIOPd STATE EMPLOYEES� RETIRET�tENT SYSTEN AND CIYY COIINCIL Croverning Body OF THE CI'PY Ut� CfiiTLA PlSTA Name o£ Public Agency CITY COTRdCIL of Administration, State Employe� �e�t'�ne ��tem, and the _ of the Governing Body Name of Public Agency hereinafter referred to as Agency, ha entered into a n rac under dat £ August 31 19�� effective ��O�r �' 19 �� � _� � _, vahich provides for the participation of said Agency in said Retirement System, and said Contract being based on the Retirement Law as that Law existed prior to amendments ado�pted in 19�19, said Board of Administration and said CZ2'Y COUNCIL hereby agree to amend said Contract as £ollows; Governing Body 1. Paragraph6 �f said Contract shall be and� hereby stricken from said Contract. 2. The £ollovuing paragraphs shall be added to said Contract: 5 . Prior service bene£its to miscellaneous members employed by Public Agency, that is, members other than Local Firemen, Local Policemen� or County Peace 0£Ficers, upon retirement for service, shall be allowed only as a percentage of the average salary speci£ied in Section 212$3 of said Retirement Lay:, for each year o£ such service, and said percentage shall be 100 per cent o£ the percentage determined under said Section for the age of retirement. 6 Age 55 shall be the minimum age £or retirement for service of persons vaho are members because o£ employment by Public Agency as Local Firemen, Local Policemen or County Peace 0££icers and the provisions o£ Section 21252.4 0£ the State Fmployees' Retirement Law, providing for a guaranteed percentage of final compensation £or each ;year of current service as a member� shall apply to such members. 13e The retire�nt allo�rancea oY persons Erho r�are menbere bocause oP eaployment by Public Agency and Lrho �rere retix�d prior to the effective date of thie a�endment ahall be recalculated on the baeie of this contaact, but in no event ehall a� alloFrance be decreased� and esid allovancea ehall be paid £or tim begi�i� brith the efYectiw date oY thie amendcoent in the recalculated omounte. Para�raph 9 of this contract ahall app�y to persoas retired prior to the efYective date of thie n�,�*�nt whose death occura �rhile receiviag a retiresent allow-anco based on ti� after said effoctivo date becauae of employr.�nt bp Publie $S��Y• 3. Paragraph � o£ said Contract shall be amended to read: The sum of � 6���•� per annum, or more frequent installments as Board shall require, for the period o£ years stated in said Contract, less the time elapsed from the date o£ participation to the effective date hereof. It. The per cent stated in paragraph �b shall be amended to read 7'717 /J -�'s� instead of 10.79�1 � F�o7_� c49-S�, bis� 30o c c�� _o � ;