HomeMy WebLinkAboutResolution 3490_1946_August 23_of Intention No_SERS
",
-
-
RiSOLUTION OF INTENTIJN
110. 3490
TO APPROVE CONTRACT PROVIDING FOR
PARTICIPATION IN
STAtE EMPLOiEES' RETIREMENT SiSTEM
I
"i
~rl~rlEAS, the State 1mployees' Retirement Law permits the participatlon of
~ Puulic A~encies in the Stste Employees' Retirement System, making their employees
.members of said System, and sets forth the procedure by which partlcipation may
ue accompllshed; and
WrlEREAS, one step in sald procedure is the adoption by the legislatlve
oody of the Public Agency of a resolution giving notice of intention to approve
a contract between sald Governing body and the Hoard of Adminlstratlon of said
Rstirement System, provlding for said participation, which said reeolutlon shall
contsln a summary of the major orovisions of the propoaed Retirement System; and
WHEnEAS, the following is a summary of the major proviaions of the
oroposed Retirement System:
1. The System is administered oy a board of eight Demeers, compossd of
three memoers of the Syetem, an official of a oank, an official of a
life lneurance company, the ~lrector of FinanCE, a member of the State
Personnel doard, and an official of the University of California.
2. Retlrement for service is optional upon attainment of age 55 by local
flrsmen and local pollcemen, and age 60 or age 55 at the election of
tne Puolic Agency, by other employeea, and completion of twenty years
of servlce for the Puollc Agency, and 10 compulsory at age 65 for local
flremen and local policemen, and at age 70 for other employees.
3.
The montnly retirement allowance payable upon retirement for Ber~1ce
is dependent upon such factors as age, sex, salary and years of service.
,'or local firemen and local pollcemen, retlrlng st age 56 in paragraph
2, or at a hl~her age With 20 years of service, the monthjy allowancs
ls approximately one-half the average monthly salary durlng the five
years immediately precedlng retirement, unleas the Public Agency elects
to provide prior aervlce beneflt. at lesa than the full amount. Far
ather Agency employees, the monthly allowance, upon retirement at age
65 lf the Agency elects 50 as the lowest optional service retlrsment
age, is approxlmately 1/70th of the average monthly aalary during the
fl ve yeare immediately precedlrlg retirement, for eacb year ot service
after the efrectlve date of participation, plua approximately 1/70th,
or less ae may bs provided in said contract by the Public Agency far
jts smployees, of the average monthjy salary during the three year.
""
,
~...,~.."..._- ,-- '.
......,
-
"'"
immediately preceding the effective date of par~icipation, for each
year of service prior to that date. Upon retirement at age eo, if
tt.e Agency elects 55 as the lowest optiuna1 service retirement age,
tne traction is approximately 1/60th inatead of 1/70th.
4. A minimum oervice retirement allowance of '40 per month is guaranteed
upon retirement at age 10 with credit for service rendered prior to
oaid effective date, if the Public Agency elects age 60 as the lowest
optional service retirement age, or a ml~lmum allowance of $60 per
month upon retirement at age 65 or over with twenty yeare of service,
or upon retirement at age 70 with credit for prior service, if tne
Puo1ic Agsncy elects age 55 as the lowest optional service retirement
aile.
Retirement for dioability, except in the ca,e of local firemen and
local policemen dioab1ed from injury arising out of and in the course
of employment, is permitted only after ten years of service and upon
proof of incapacity for the performancs of duty.
5.
6. The monthly retiremsnt allowance payable upon disability retirement,
deocribed in preceding item 5, is dependent upon such factors as age,
sslary and years of service, but generally is equs1 to 90% of 1/10th,
or 1/60th a. the c..e may be, of the average monthly salary during
the five yearo immediately preceding retirement, for each year of ser-
vice, with s guarantee of 25% of said salary, subject to certain re-
strictions and modifications.
7. Dieabi1ity retirement of local firemen and local policemen, in the
event of disability arie~ng out of and in the course of employment,
is permitted regard1eos of age and service, the monthly retirement
allowance oeing one-half the average monthly salary during the five
years immediately preceding retirement.
S. The benefit psysb1e at death before retiremsnt, except in the csse of
local firemen and local policemen dying from injury arising out of and
in the course of employment, consi.ts of the contrioutions of the mem-
ber plus interst, and plus 1/12th of the member's annual salary during
the year immediately preceding death, for each year, not exceedir~
six years, of service ao a member of the system. Upon death after
retirement, and st the election of the Public Agency, a bensfit of
$300 is payao1e.
9. The monthly allowance payable to the widow and children, at the death
of local firemen and local policemen arising out of and in the course
of employment, is one-half the sverags monthly salary during the five
years immediately preceding desth.
"'"
10.
The benefit upon separation from service ~y other cauee tr~n aeath or
retirement, 1s the ref~~d of the memoer's contributions, with interest.
Memoers having accumulated contrioutlons of at least '500 upon reoig-
nation or uischarge, may elect irrevocably, within ninety days, to
leave contrloutions in the Retirement Fund, snd then upon reaching the
lowest optional oervics retirement age or becoming disabled, to be en-
titled to receive such retirement sllowance as will be provided by
their and the Agency's contributions and their credited service, re-
gsrd1ess of service rendered.
11. Contributions required of local firemen and local policemen without
credit for prior service, depend upon salary and upon age of entry
into the retiremsnt eystem, the contributions per S100 of salary vary-
ing from '7.63 at entry ags 21 to $14.35 at sntry age 35. Contri-
butions of firemen and policemen having credit for prior service depend
on salary, entry age, and a~ount of prior service, the aMount of con-
tribution per '100 oeing $16.33 for example, at entry age 54, with 19
years of prior servioe.
"'"
1?. For other Agency employees, the contributiono depend upon salary,
sex and age of entry into the retirement system, the contrloutl~nB
per $100 of salary verylng from $4.83 at age 20, to 87.45 at age 64,
for men, and from 95.83 at age 20, tc 9S.50 at sge 64, for women, all
based on the Public Agency's election of age 60 as the lowest optional
service retirement age. If the Puo1ic Agency elects sge 55 as the
lowest optional service retirement age the contributions per .100 ot
salary vary from ".22 at age 20, to '10.26 at age 59, for men, and
fr?m ~e.51 at age 20, to $11.01 at age 59, for women.
13. The Agency i. re~uired to contribute tne oalance of the funds neces-
eary to meet the cost of the oeneflts provided under toe retlrement
syetem for the Agency emp10yeeo. Tne Agency also io require' to pay
its proportlonate share of tne administrative coeto of the system.
Aoi1ity of the Retirement System to pay oeneri,s is sateguarded by .
provieion authorizlng the board ot Administration to revise contricu-
t10ilS of oath employefs and the Agency, in the light of experience
under tne SY8tem.
14.
of San ta Ana .
(Name of Public Agency)
approve a contract between said Citl-Counci1 and the Board of Admin-
[Name of-Governing-SOayr-
ietrstion of the State Employees' Retirement System, providing for the partie i-
Ci ty Council
(Name of Governing body 1
give, and it ~oes hereby give
__of JhU1U-..
bE IT RESOLVE~, thet the
notice of intention to
pation of said Ci~Y of Ssnta ~na in ssid Retirement System, a copy of aaid
(Name of Putlic ~encyl
'-'
-
.contract celng attached hereto, marked lixnlblt A," and by reference made a
part hereor.
The Ci1Z-Councl1
(Name of Governing ho~y) or
the City or Santa Ana
l~ame of fuelic h~encyJ
hy
Erma KeelEr
Clerk
by Marlon Suttner,
Deppty
Au~ust ~3rd , 1916
lDate dopted and Ap?rovedr-
""
(SEAL)
PASSED AND ADOPTED by the Clty Councilor the City or Santa Ana this
~3rd day of ~ugust, 1946.
Asa Horfman
Kayar
ATTEST:
i:rma Keeler
~l ty ~lerk
by Karlon Suttner, ~eputy
(SEAL)
STATE OF CALH'OR.HA
County or Orange
City or Santa hne
ss
ERI~ KEELER, City Clerk, and ex-orHcio Clerk or the Cl ty Cour,cll or
the Clty or Santa Ana, Callfornla, does hereby certlfy that the whole number or
memoers of the City Councl1 of the Clty of Santa hna ls five; thet the foregoing
Resolutlon wa~ passed and adopted oy a majority of the sald Clty Councl1 at a
regular adjourned mestlng thereof hel~ on the 23rd day of August, 1946, by the
followlng vote, to-wlt:
,
"
AYES,
NOES,
~dUSTEES: W.Eugene Dixon, Dale G.Deckert,
W.J. Cheney, Asa Hoffman
TRUSTEES: Ioone
""
ABSEilT ,
.fRUSTEES: Otto R. Hap-n
Erms Keeler
City Clerk or the City of
Santa Ana, California
by Karlon Suttner, Deputy
(SEAL)
EXHIbIT "A"
STATE EMPLOYEES' REflHEMEIoT SXSTEK
SACRA.IE"l'O 14, CALIFORI.IA
COI_TRACT
netween
The City Council
~aroe of Legislative Dody
of
iliame
the Cl~f Santa Ana
or-cI~~ounty, Scnool uietrlct, or
Other Public Agency
and the
'"'
BOARD OF AD.H'lS'l"IATIlN
of the
CALIrO:\NlA SrATE EMPL01EES I RETlREMEKT SlSTEM
TrtlS AGREEKENf made thls
_ day or
, 1146, by and between
the Le~ls1atlve body or Clty of_San~a_~g~ _______- ____,
Name of ~lty, Oounty, SChool ~lstrlct, or Other Puclic Agency
pereafter referred to ae 'Puolic Agency," and the hoard of Admlnlstratlon, Csllfornla
"- -
Stat. Employees' Retlr.ment Syst.m, h.reafter referred to BS "Board."
WITNESSETH:
"'"
In conslderatlon of the covenants and agr.ement. h.r.lnaft.r contaln.d
and on the part of oath partle. to bs k.pt and perform.d, Pu~llc Agency and
~oard hereby agree a. follow.:
1. Publlc hgency 18 to partlclpate ln the State Employ...' R.tlr.ment
System, subject to the provl.10n. of the State Employ.e.' R.tlrement Law.
2. Pu~llc Agency .hall partlclpate ln .ald Retlrement Syst.m, maklng
It. .mployee. m.mbers of sald Sy.t.m, from and after July 1. lS47
3. Employee. of Publlc Agency ln the followlng cIa.... .hall b.com.
memb.rs of sald Retlrement Sy.tem ln accordanc. wlth the provl.lonB of Bald
Retlrement Law, governlng membershlp ln .ald R.tlr.m.nt Syst.m, and subJ.ct to
the further .xcluslon. from member.hlp ln the next followlng s.nt.nce:
Number of Employe..
Ellglbl. for Member.hlp
Cla.ees of Employ...
a. Local Flrem.n, a. d.fln.d ln
the Stet. Employ.e.' Retlrement
.waw............................ .
on
Jan. 1. lS47
~
b. Local Pollc.men. a. d.flned ln the
Stat. ~mploy.es' Retlr.m.nt
Law............................. .
~
c. Employe.. other than Local Flr.-
m.r. and Local Pollcemen....... ..
lli
In addltlon to the employ.es exclud.d from memb.ranlp by aald rl.tlr.ment
Law, the following employees shall ~ot oecome meMOfrs of the Retirement &yetem:
"'" No ac,,1t 10nal exclualon..
poard and Pu~llc Ag.ncy agr.e that, .xc.pt a. provld.d ln paragraph;S, no
adjustment .hall oe mad. ln the amount of contrlbutlon. provlded ln paragraph
9a on account of prlor ..rvlc., or ln the p.rc.ntag. provld.d ln paragraph Sb,
oecauee of variations in the numbers of employees who become memoers of said
R.tlrem.nt Sy.t.m on the effeotlve date hereof, from the numb.r 11.ted abov.,
due to termlnatlon of .ervlce by such cau... aa d.ath, r..lgnatlon or di.charge,
or the employment of 1~ulvluU81s not included 1n eald number.
4. Ag. 60 .hall be the normal mlnlmum ag. for r.tlrem.nt
"60" or "5511
for service, of miscellaneous members employed by public agency, that ls, members
other than Local Flremen and Local Pollcemen, and
one-.lxtl.th
("one-.lxtleth" lf ago ls 60,
.hall be the fractlon of flnal compen.atlon a.
or.-.one-eeventletnR if age is 65)
defln.d ln .ald Retlrement Law, to b. provlded on the av.rag., for .ach year of
service ae s memoer, by the memoerst an~ Public Agency's normal contr1out1ons,
upo~ retirement at aaid minimum age.
5. ceneflte on account of prlor ..rvlce, that 1. ..rvlc. cr.dlt.d
her.under as rendered to Puollc A~ency prlor to the .ff.ctlve date ot partlclpatlon,
to re.pectlve mem~er. .mployed oy Puullc ag.ncy a. Local flr.m.n or Local Pollc.-
\,..
men. snaIl De alloweu only ae a percentage of the average salary specified
ln .atd Retlrement Law, for .ach year of .uch ..rvlc., and .ald p.ro.ntag.
shall be
100 per c.nt of the fractlon of f1nal comp.n-
(such 88 1150" J "75" J "100")
ae d.flntd ln the Stete Employ...' R.tlr.m.nt Law, for .aoh year of
sation.
..rvlc. r.nder.d after .ald date, as d.termlned for .ald re.pectlv. m.mber.
under sald law, for retlr.ment for aervloe at age 55, or upon quallfloatlon tor
..rvlc. r.tlrem.nt at a hlgher age. If a m.mb.r r.tlr.. for ..rvlc. b.for.
'"
.....",.
~ttaining age 55, his prior service peneion shall be reduced to that amount which
the value of the pension aa deferred to age 55 will purchaee at the actual age at
retirement.
6. Prior service benefits to miscellaneoua members emploled bl Public
Agencl, that is, members other tnsn Local Firemen and Local Policsmen, upon
retirement for service at the normal minimum age entered in paragraph 4 hereof, shall
be allowed only ss a percentage of tne avsrage salarl apecified in said Retirement
'-'
Law, for each year of such service, and said percentage shall be 100
suCh as .50., w75w,1I100M
per cent of one-aixtieth
("one aixtieth" if minimum age above is 60, or "one-seventieth" if minimum
. If a memoer retires tor service before attaining the normal minimum
above is 65)
in item 4, his prior service pension shall be reduced to that amount which the
age
age
value of tne pensi~n as deferred to aaid minimum age will purchase at the actual ag.
of retirement.
7. Tne provisions at Section 21258b
("21258b" it minimum age above ia 60, or
at the State Emplolees' Retirement Law, guarantee-
"21258c" it minmum age above is 65)
iog a minimum retirement allowance under certain conditions
shall
{Wehall- or -shall not-}
at Public Agency who bscoms members at said Retirement System.
apply to employees
'-'
8. Tne provisions at Section 21367.5 at the State Imployees' Retirement
Law, providing a $300 death teneflt after retirement shall
("shall" or "shall not') apply
to employees of Public Agency who become membars at said Retirement System.
9. Public Agency shall contribute to said Retirement System as tollows:
a. The sum of $51080.69 per annum, payable in equal montnly or less
frequent installments as board shall require, for a period of
~ years, on account of the liability for benefits 'cased on
service rendered to Public Agency prior to the effective dste
hereof.
.,...,
b. ~ per cent of total salaries paid by Public Agency eacn month
to its employees who are members of said Retirement System, provided
tnat only salary earned as members at said System shall be included
in said total salari.s, and the employeee who are members ot said
System ahall include employees WhO become members upon the ettective
date hereof and employees who become members tnereatter.
c. A reasonable amount per annum, as fixed by Board, payable in equal
monthly or less frequent installments, ae board shall require, to
cover the costs of administering said System as it affects the
employeea of Public Agency, not including the coat. of special
valuatlcns or of the periodical investigation and valuation required
by law, provided tnat said amount shall be determined on the basis
of the number of employees of PUblic Agency who are members on July
let of the respective flscRl years, or with respect to tne first
year of participation, on the eftective date of .aid participation.
d. A reasonsble amount as fixed by tne aoard, payable in one install-
ment from time to time as tne occasions arise, to cover tne costa
of special valuations on account of employees at PUblic Agency, end
the coets of the periodical investigation into the experience under
said Retirement System, as it affects said employees, and the
valuation of the assets and liabilities at said System on account at
...1<1. employees.
. ..
-
-
"'"'
Contributions required of Public Agency and Its employees Bhall .
be subject to sdJustment oy the board of Administration on account of amend-
ments to the Stste ~ployees' Retirement Law, and on account of e~perlence
under the Retirement System, as determined by tbe periodical Investigation,
valuation and determination provided for by said Retirement ~aw.
10. Contrloutlons required of Public Agency under paragrapb 9
Immediately preceding, and contrloutlons required of Public Agency'. employee.
who are members of .ald Systsm, shall be paid by Public Agency to the State
Employees' Retirement System within thirty dsys after the end of the month
or longer period to wblch said contributions refer. If more or less than tbe
correct amount of contribution required of Public Agency or Its employee. I.
paid for any period, proper adjustment ohall be made In connection with
subsequent remlttancee of Public Agency to the doard, to rectify tbe errors;
'or such adjustments on account of errors made In contributions required of
employeee, may be made by direct caeh payments between the employee In
connection with whom the error w~s made, and Board. Payments of Public Agency
to Board may be made In the form of warrants, bank cbecks, bank drafts, certl-
fied checks, money orders, or cash.
'-'
WITNESS OUR HANDS tbe day ,and year first above written.
City Counc 11
Name of Legislative dody
of
I
,
CI ty of Santa Ana
Name of Public Agency
Attest:
"f
Clerk
By
Prealdlng Officer
BOARD OF ADMINISTRATION
STATE EMPLOY~ES' RETIREMENT SYSTEM
Atteet:
Secretary
By
President, Board of Administration
"""
\