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HomeMy WebLinkAboutAgmt_1956_August 6_Amendment.. . `~ w • Juno 11, 195b 3oard of Ac~sinistration S4atQ :.r~plcsP;y*eQS ~ ~?Qtire~:~v~t :~•rste^t 1320 ~tre+~t "' Saaras~arito 1~,, Cali#`ar:~is. Gentles©n: ":our Hof: Soetivn ~3 t7r~ Juno ~. t}~a ;;,ante, ~~~ City Counc3.1 c~ircctad t~.at their cantrmct ~ritLi t?ze :Mato :~tple~yeos ~ rtetir~a~~ant ,~y~aterz bQ ©ciifir~ci ~y araonc3ent to include the pi'ovision$ cif Ass©s~- bly z~ill X70, Chapter 170,N{,,, Statutes 1 ~' 212~1.~., Covern>~sent Code, avid the 95~, seat..on provisions of Chapter 5~.7, atatutes 1'~53~ section 2052.5, ::overrun®~~t Code. r rlavf~ been r3irected to request t~iat ou proper forms for such. ~ttstendmes1t~t a.'1ci for~ardpthe:~ttt® tl-i® Cit,~ of Santa Ana for execution. Very truly yours, Jahn K. Cols~ell JYC/s~ City Attorney -~. , __~~ ~' r ~' Ai~BE~TT TO CONTACT BETWE~:N THE Bf?A:RI3 OF AIJ~+I31~1ISTRATa~d aTATL EMFZOYE~S' RETIRE~+IENT SYST~I ~1iD THI:, CITY' COUNCIL O~ THE Carr o~ SANTA ARIA The Board of .Ada~inistrationi State ~nplayses' Retirement System, and the CtTi' COUNCIL of the CITY C~' SANTA ANA, ls$reinafter referred to as ~"encys ~' entered into a contract under date of November 25s ].9l~Ei, eff®ctiva Jn]~y 1, 191t7~ which provides for the participation of said Agency in said r'3etirement v~stem, and said Contrast being based on th+e Retirement Law eaccluaive of andz~ents thereto &Th3.ch changed benefits and ages of retirements said Beard of Administration, and said City Council hereby agreE as followsa 1. Paragraph $ shsla, be axbd is hereby stricken from said Contrast. 2. The following paragraphs shall be and are hereby added to said Contrast. $. Thee provisionm of Section 21258.1 of the Staffs T~agloy~aes ~ Retir~nent Lax guaranteeing a minimum ret3.rernent alloxance under certain can- ditions SHAD APPLY to persons who are meanberrs because of employment by Public Agency. 15. The provisions of Section 20952.5 of the State .~ployess~ ~tetirement Law which parovide age 50 ac the minims voluntaxy retirement ags for Lxal Firemen and Local Policemen SHALL APPLY to e~tp].~oyees of :'Ublic Agency who becc members of the Retireanent System as Local Firemen or Local, Policemen. 16. The previsions of Section 21251.1 and 21258.2 of the State ~plciyees' Retirement Law SHALL APPLY to persons whca are retired on the effective date of this amendment and why were members of the Retirement System because of emp'~.oyment by Public Agency* 'The increases 9.n the Retire- ment allowaa7ces providaed in said sections shall, bs pafd for time beginning with the effective date of this amendment. 3. Paragraph 12a of said contrast s' be amended to read ~90~201.~.5 per annu~a,, ar more ,T'rec~uent installm~as as Board shall require, fc-r the period of years stated in said contract,, less the tizae elapsed from the date of ,participation to the effective date of this amendment. fit. Th+e percent sts-te in paragraph Z2b shall he amended to read b.550. 5. This amendment shall, be attached to said Contract and aha3kl be effective as o.fS~temb8r lst._~,95E'i . t~=~.tness our hand this 6th BOA~?D OF AI)~31:NI;~TRATIOI!I STATE EMPLOYEES ~~~~~NT SY Pres~d~e~ n~~' ~ `~ ~. day cif Attgl~ect 1956.: Attest = ~- ' scut ve Officer CaTY Ca~NNCaL CT' THE CITY' (.~F SANTA ANA Attest: /~~ r ~'` erk of the Council, i~1o. 56-192 RESOLUTION/OF INTENTION TG APPROVE AI~iENl~.+~TT TO CONTRACT PN,OVIDING FOR PARTICIPATION IN STATE Ec~PLOYEES' RETIRIIdENT SYSTIIUI 1~EREAS, the State Employees' Retirement Law permits the participation of public agencies in the State employees' Retirement System, by the execution of a contract making their employees members of said System, and sets forth the procedure by which said public agencies may elect to subject themselves and their employees to amendments to said law, providing for a guaranteed percentage of final compensation for each year of service as "Member", and providing for the portion of compensation to be in- cluded in computations under said law; and AREAS, one'step in said procedure is the adoption by the legislative body of the public agency, of a resolution giving notice of its intention to approve an amend- ment to a contract between said governing board and the Board of Administration of said Retirement System, providing for said participation, which said resolution shall contain a summary of the major provisions of the proposed Retirement System; and SNHEREAS, the follawing is a summary of the major provisions of the proposed Retirement System: 1. The System is administered by a board of eight members, composed of three members of the System, an official of a bank, an official of a life insurance company, the Director of Finance, a member of the State Personnel Board, and an official of the University of California. 2. Retirement for service is optional upon attainment of age 55 by lo- cal firemen and local policemen,. and age 60 or age 5s at the election of the Public Agency, by other employees, and completion of twenty years of service for the Public Agency, and is compulsory at age 65 for local firemen and Iocal policemen, and at age 70 for other employees. 3. The monthly retirement allowance payable upon retirement for service is dependent upon such factors as age, sex, salary and years of ser- vice. For local firemen and local policemen, retiring at age 55 in paragraph 2, or at a higher age with 20 years of service, the month- ly allowance is approximately one-half the average monthly salary during the five years immediately preceding retirement, unless the Public Agency elects to provide prior service benefits at less than the full amount. For other Agency employees, the monthly allowance, upon retirement at age 65 if the Agency elects 60 as the lowest op- tional service retirement age, is approximately 1/70th of the aver- age monthly salary during the five years immediately preceding retirement, for each year of service after the effective data of participation, plus approximately 1/70th, or less as may be pro- vided iri said contract by tree 1~blic Agency for its employees, of "final compensation" or of the average monthly salary during the three years immediately preceding the effective date of partici- pation, for each year of service prior to that date. Upon retire- ment at age 60, if the agency elects 55 as the lov~rest optional service retirement age, the fraction is approximately 1/60th instead of 1/70th. F 122d - 1 (Guar. ~ & Comp.) 10-50 lt. A minimum service retirement allowance of $~0 per month is guaranteed upon retirement at age 70 with credit for service rendered prior to said effective date, if the Ribiic Agency elects age 60 as the lowest optional service retirement age, or a minimum allowance of X60 per month upon retirement at age 65 or over with twenty years of service, or upon retirement at age 70 with credit for prior service, if the Pub- lic Agency elects age 55 as the lowest optional service retirement age. 5. Retirement for disability, except in the case of local firemen and lo- cal policemen disabled 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 performance of duty. 6. The monthly retirement alllowance payable upon disability retirement, described in preceding item 5, is dependent upon such factors as age, salary and years of services but generally is equal to 90~ of 1/70th, or 1/60th as the case may be, of the average monthly salary during the five years imrediately preceding retirement, for each year of service, with a guarantee of 25~ of said salary, subject to certain restrictions and modifications. 7. Disability retirement of local firemen and local policemen, in the event of disability arising out of and in the course of employment, is permitted regardless of age and service, the monthly retirement allowance being one-half the average monthly salary during the five years immediately preceding retirement. 8. The benefit payable at death before retirement, except in the case of local firemen and local policemen dying from in3ury arising out of and in the course of~employment, consists of the contributions of the member plus interest, and plus 1/12th of the members annual salary during the year immediately preceding death, for each year, not ex- ceeding six years, of service as a member of the System. Upon death after retirement, and at the election of the Public Agency, a bene- fit of is payable. 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 average monthly salary during the five years immediately preceding death. 10. The benefit upon separation from service by other cause than death or retirement, is the refund of the members contributions, with in- terest. rdembers having accumulated contributions of at least X500 upon resignation or discharge, may elect irrevocably, within ninety days, to leave contributions in the Retirement Fund, and then upon reaching the lowest optional service retirement age or becoming dis- abled, to be entitled to receive such retirement allowance as will be provided by their and the Agency-s contributions and their credited service, regardless of service rendered. F 122d - 2 (Guar. ~ & Comp.) 10-50 • • 11. Contributions required of local firemen and local policemen, without credit for prior service, depend upon salary and upon age of entry into the Retirement System, the contributions per X100 of salary varying from X7.63 at entry age 21, to $11.35 at entry age 35. Contributions of firemen and policemen having credit for prior service depend on salary, entry age, and amount of prior service, the amount of contribu- tions per X100 being $16.33 for example, at entry age SIB, with 19 years of prior service. 12. For other Agency employees, the contributions depend upon salary, sex and age of entry into the Retirement System, the contributions per X7.00 of salary varying from ~1t.62 at age 20, to X7.99 at age 61~, for men, and from X5.36 at age 20, to ~9.l~5 at age 61;, for tivomen, all based on the Public Agency's election of age 60 as the lolvest optional service retirement age. If the Public Agency elects age 55 as the lowest op- tional service retirement age, the contributions per ,100 of salary vary from X7.36 at age 20, to X10.88 at age 59s for men, and from X8.35 at age 20, to X12.81 at age 59, for women. 13. The Agency is required to contribute the balance of funds necessary to meet the cost of the benefits provided under the Retirement System for the Agency employ*ees. The Agency also is required to pay its propor- tionate share of the administrative costs of the System. 111. Ability of the Retirement System to pay benefits is safeguarded by a provision authorizing the Board of Administration to revise contribu- tions of both employees and the Agency, in the light of experience under the System. BE IT RESOLVED, that the of tdame of Governing Body the CITY OF SANTA ANA , give, and it hereby gives notice of inten- ame of b is Agency tion to approve an amendment to the contract between said CITY C OUNCI L Name of Governing Bo y and the Board of Administration of the State Employees' Retirement System, providing for the participation of said CITY 0 3 NTA ANA in said Retire- dame of blic Agency went System; a copy of said amendment being attached hereto, marked "Exhibit A", and by reference made a part hereof. CITY COUNCIL P1ame of Governing Body CITY OF SANTA ANA Name of Public Agency By R itle July 2 , 19 56 ate dopte and Approved F122d - 3 (Guar. ~ & Comp.) STATE OF CALIFORNIA ) COUNTY OF ORANGE ) gS CITY OF SANTA ANA ) I~ ERMA HUNTER, do hereby certify that I am the Clerk of the Council of the City of Santa Ana; that the foregoing Resolution was regularly introduced to said Council at its regular meeting held on the 2nd day of July, 1956, and was at said meeting regularly passed and adopted by the following vote, to-wit: ASS, COUNCILMEN: Dale H. Heinly, J. Ogden Markel, IKilliam Jerome, Milford YY. Dahl, Courtney R. Chandler NOES, COUNCILMEN: None ABSENT, COUNCILMEN: None 7 CLERK OF 1fiE COUNCIL * ,~. r • i'n~ ~ .iu~ast ~, 1.956 (date ) Board of Administration State Employees Retirement System Sacramento 11~, California Gentlemen: I hereby certify to the following facts: 1. That the City Council of said Agency adopted on Name of Governing Body July 2nd 19 5~ , a resolution with a copy of the contract attached, giving notice of intention to approve an amendment to the contract providing for the participation of said Agency in the State Employees Retirement System, making its employees members of said System, a certified copy of said resolu- tion, in the form furnished by said Board of Administration, being attached hereto. 2. That the Cite Council of said Agency adopted on Name of Governing Body Au~ast 6tn 19 5~ , and by the affirmative vote of two-thirds of the members of said governing body, a Resolution X10. 56-215 approving said amendment to the Resolution or Ordinance contract providing for participation of said Agency in the State Employees' Retirement System, making its employees mem rs of said System, a certified copy of said Resolution No. 5215 in Resolution or Ordinance the form furnished by said Board of Administration, being attached hereto. Yours truly Clerk o~ :~e Council City o~ Santa Ana Name of Agency F 130d (Guar. ~ & Comp.) 10 la7 100