HomeMy WebLinkAboutAgmt_1966_March 28___ -
,.
tr ~ ,{ .
^ e.,~•
~-
coNTRACT of cr.~ of st~r~.. ANA
WITH THE STATE EMPLOYES-' RETIREMENT'3YSTEM
FOR MAKING A VALUATION AS STATED FIE~REIN
By this AGRF~EMENT made this :- ~ ~~~ ...._ day of /~~/j'~ ~~ _ .. , 19 ~~ , , in
accordance. with and subject to the provisions of the State Employees' Retirement Law,
by and. between the CITY COUNCIL __, ..;,_ of the CITY,OF',SANTA ANA...
hereinafter referred to as Ageney; and the State Employees' Retirement System here'-
inafter referred to as System, Agency and System -agree as follows:
A.~ Agency herewith retains the services of System to perform, as of March. 13 ..1966
the valuation required by Section 20461:1 of the State'Employees' Retirement Law
for the purpose of determination by the Board of Administration of the State
Employees.' Retirement System of the contributions to be made by Agency under
Agency's contract with said; Board if the benefits under-said contract, described in
the attached`Exhibit A, are changed as follows
gdd_
item :~ 7.06...~for inclusion .of Section 20814.5) from .the ___
description in Exhibit A to the description in the attached'Exhibit;ff:.
B. ~ Agency will pay $ - ~: - - -. -. .... _ to System upon. completion of the valuation y .
such fee being based on the number of persons and membership categories involved:'.
C. Any and.a]_7'data and information .requested by .System from Agency Por use in
compilation of: this valuation sYiall be furnished to System by Agency upon request
by System. The actuarial tables and procedures to be used. in the valuation shall
be in accordance with the tables approved by said Board, of Administration. System
sha}1 have sole control of tfie valuation and its.~udgment in'the determination
thereof'shall be final and conclusive. A11 work sheets and final results and
repots, the product of the ..valuation, shall be and remain the property of the
System:
Witness our hands the day avid year first above written:
STATP EMPLOYEES' R~TIRFNlENT SYSTEM
BY _
,.. _
i - am~E: Payne xec" ve Officer
-a Fee not to exceed
X5.00 per a Ioyee valued, _
a
~+~~~t~ :t~F~
Amendment ss : a ~~~ ~~.E E 2:
~~~ti~~~.
~~~~~ 6~
,~
Ret: Form ~+2?+-A SE13S (3/65) 5~
a~
f:TTY (1F SANTA. ANA
' Contract; Status as of F2brua tg1965 for SAI~`T`~ a',.pa:r~9 Ci~i~ ~~~'
_, t
~, ~ r.. __
Amended:l0®1-51, 2-1-54, 9-1-56,
7-1-59, 11-1-60, 9-1-63,
~-1-6t~, 2-1-65 ...
Code 137
20493 or 20580 .effective T3ot "Appl.ica~?ie Alpha 3840
MiSCel laneous Loc al oazetiy
FIRE Pol
-
1.0 Coverage:
1.01 SERS since.
7-1-47
7®147 .
7-1-47
1.02 QASDI since (D=Div:, A All) No No No
1.03 retro to. ___ --- -°
1.04. Former Group A re-employ-as --.,.,...,:.. ~~~
1.45 Refund retro OASDI adj. contr. __~:<. •,: --- ---
2.0 Local System. No' No No'
2.01 Use age for .contr. rates. _.:.:, --- ---
2.02 Employe contr. transferred -~®" --- ---
2.03 Retired lives transferred -_.~ --- ---
3.0 Retirement Formula:
3.01 Basic Formula
1/60 Ft'
1. ~ FF
~ c~ 55 "
3.02 Percent for P/S 100 • 1409 100
improved to.
3.03 Misa P/S A e:':6 ~.3CX3CXJCX
.
.
..
3.04 Minimum Retirement Age.. 0 Disc 0 Disc.
,.
..
3`.05-.Minimum Guarantee 100 100 100
3.Ob Mod lst $ for QASDY 'from No :. a No
3.07 until
.
. - - --- ---
~ to.
3.08 thereafter~.lst
$ --~ --- ---
3.09 thereafter lst $ to. -=~• - - r;, ---
3.10 Ordinary disability formula 1, !' 1.
3.11 Disability limit'(section). 21297 F 212 F 212 F
4.0 Compensation Average:
4.01 For P S Benefits. ` ""'' ° `'
3H(2-1-54)
H 2-1-54
3H 2-1-s4)
4.02 For C/S Benefits. .,. 3H 2-1- H 2-1- H -1-
"4.03 Gr..since 10-1- 1 011- 1 0-1- ~.
4.04 Include overtime. .,. No".: o, ~ o
5.0 Post-retirement Death Benefits:
5.01. Lump Sum.
~tt00 ,. '
$4.(,94
~1~00
5.02 1/2 continuance (21264) XX:X'%XX~3CX o Na
6.0 Pre-retirement Death Benefits:
6.01 Local System contr. credit
---
---
---
6.02 Local System serv. credit No o No
6.03 'S7 Survivor (21365.5) since. -1- '~-1- -1-
6.04 'S9 Survivor (21380"'7) since. 11-1- 0 11-~.- 11-1- 0
6.05 Safety violent indust. (21364) X 1V~z No
Entries below a 1 to all rou s
7.0.5 ecial Service:
7.01 C S pre-membership (2080l~.5)
9-1-63 .O .Allowance Increases:
8.01 To member ormula (21251.3).
0-1.51
(21258
2)
02 $100 min
uar
8 - -
7.03 Mil. ~ agcy. cost .(20894.5) No .
. g
.,.
.
.
8.03 'S5 to pre-3 yr. ave. (21251.4) -1-
7.04 P/S with 10 yr.C/S (2083l~.1) -1- 8.04 'S7 to pre-7/2/56 ret.(21251.5). No
7.05 P/S wage other source (20839) No 8.05 For 20834.1 service (20834..2). No
7.06 Local Service credit (20814
5) Yes 8.06 For 20839 service (20840). No
. 8.07 X63 to pre-1/1/62 ret (21251.6). ,No
Exclusions & Remarks
i~ ~3 ~R a~~ EgHIBIT B
~sE.tltlcW~yt 2..~zt,~ri
~ttCEt~tEp-2VCbgYYEN~.~
Rct. _ Fnrm KKFi-a ~ RAV _ 8/62
• Cont~act• Status as of F~b~ `Lg1965 for uAi3iA .~~ds~, y.::ll'~ >;s~~
:: 1.
'Sta~iz~ release number 59
scellaneous
Am~nded:lOmlr51, 2-•1m5~`, 9-1-56,
7-1-5q, 1~1.-1-60, 4-1®63,
4-1m6>a, 2-1-65 ..
1.0 Coverage:
1.01 SERS since.
1°1-4'7
1.02 QASDI since (D=Div:, A All} No
1.03 retro to. -~
1.04 Former Group A re-employ as ®-..
1.05 Refund retro OASDI ad j. contr. -
2.0 Local System. No'
2.
01 Use age for contr. rates. --
,
2.02 Employee contr. transferred m m
2.03 Retired lives transferred
3.0 Retirement Formula:
3.01 Basic Formula
1./60 F~'
3.02 Percent for P/S 100
3.03 Misa P/S improved to. A e 6
3.04 Minimum Retirement Age. .
3:05-. Minimum Guarantee
. 00
3.06 `from
Mod lst $ for OASDI Na:
3.07 until
~ --
3.08 $ to.
thereafter.lst -•~
3.09 thereafter lst $ to. -~~
3.10 Ordinary disability formula 1.
3.11 Disability limit (section). 21297 F
4.0 Com ensation Average:
4.01 For P S Benefits. '' '
3H(2-1-54)
4.02 For C/S Benefits. ,. 3H 2-1-.
4.03 Gr. since 10-1® 1
4.04 Include overtime .. Na :
5.0 Post-retirement Death Benefits:
5.01 Lump Sum.
X400
5.02 1/2 continuance (21264) ~
6.0 Pre-retirement Death Benefits:
6.01 Local System contr. credit
--
6.02 Local System serv. credit No
6.03 'S? Survivor (21365.5) since. 2-1-~
6.04 'S9 Survivor (21380'7) since. 11-1- 0
6.05 Safety violent Indust. (21364) XXXXXXXXXX~
Entries below a 1
7.0 S
7.01 ecial Service:
C S pre-membership (20804.5)
9-1-63
7.03 Mil. ~ agcy. cost (20894.5)
7.04 P/S with 10 yr.C/S (20834.1)
7.05 P/S wage other source (20839)
usions
FIRE Pol . -
7-1-47 7-1®4?
r;o rdo
X1iXXXX ~ XKXX.~CX
-
t1o No
~c~~' FF ~~55 ~'
x,:00, 100
XX3CXXXXX XXXX~XXXX7
~0 Disc 0 Disc.
100 100
_
No No„
.... -
1.
2;12 F 212 F
H 2-1-5.4 3H 2-1-54
H 2-1-~ H -1-
011- 1 10-1- 1
o ~ ho
40tJ~ 1at~0
:~~a . No
--- ..--
Code 137
~.O Allowance Increases:
8.01 To member formula (21251.3). .
8.02 $100 min. guar. (21258.2)... .
8.03 'S5 to pre-3 yr. ave. (21251.4) .
8.04 'S7 to pre-7/2/56 ret.(21251.5).
8.05 For 20834.1 service (20834.2). .
8.06 For 20839 service (20840). .
8.07 X63 to pre-1/1/62 ret (21251.6),
EXHIBIT A
a1.tl~s;r~ltEit,t 2'.t~'l~rw
~1V1E t ~y~; •nAEr2.
1St; t~E i!!E'C3-2:*(~}, e+~tiF~~ . r
20493 or 20580 .effective riot App:t:.~ca~}3e .Alpha 38
R~t_ Form KK6-s Rev. 862)
.~ ~ ~~ ,_
S~A~E OF CALIFORNIA-BOARD OF ADMINISTRATION EDMUNi1 G. BROWN, Governor
STATE EMPLOYEES' RETIREMENT SYSTEM
1227 O .STREET, P. O. BOX 1953 'b
SACRAMENTO,'CALIFORNIA 95809
Please Direcf Your Reply fo Section 23
Rof.r fo AA.mI»r Accoun} Number
June 27, 1966
Mr. James M. Rez, Director of Personnel
- The City of Santa Ana
Room 307,. City Hall-
Santa Ana, California
The contract
for a valuation to'determ e the
approximate cost for your participating in the State Emp ees'
Retirement System has now been executed by all parties concerned.
We are returning a copy of. the executed contract for your files.
Donald W. Parkyn _
Assistant Actuary
~P
P~ ~~~'~~
~~ "~ ~ 6~~
Ret. Form 917 (Reu~__8158~ 20 I
a t
~ r ~
'`~ 1Vlarch ~4, 2968
~;
~~ ~ Mr. Thamas F. Croaker
State- Employees' Retirement System
l4lB -Ninth Street
\' P. C?. ~iox 285
Sacramento,. ~Ca2ifornfa
i -
i
pear 1VIr. Crocker:
,.
,;;
yT`he ~.greerrxent rs~s,rdng ~¢rediting of service, described in your
~etter of December ~~, 2965 to Mr. James Re~,_ has beers approved
}~,~;. the pity Council and signed on behalf' ~i the City., The orig~,r~l
and two copied are enclosed..
After the contract is signed by your executive .officer, will tau
please return one copy to men
Yours very truly
Doris M. Brawn ~N.trsa f
Clerk of'the Council
enclosure
~ ~~ ~~~ ~
~`1 '
f ~ ,~
w ~ /
v°k ~ ~'`:'~ ~~~~
SPATE OF CALIFORNIA-BOARD OF ADMINISTRATION EDMUND G. EtROVJN, Governor
STATE EMPLOYEES' RETIREMENT SYSTEM
1476 NINTH 57REET, P. O. BOX 1953 ~„~, V
SACRAMENTO, CALIFORNIA 95609 S~.
STA 'LEY B. FOWLER, President
OTT t PALOMBO, Vice President
DR. TESTER BRESLOW
PATRICK R. BYRNE
GOZDON B. CAMERON
HALE CHAMPION
DONALD GALLAGHER
A. W. "JOE" HISLOP
RICHARD A. LIEBES
LUCY E. RITTER
JOScPH L. WYATT, 1R.
'fr. James ;~`. P~e2
Director of Personnel
C ~ ty of -Santa Ana
Room 307, City ;fall
Santa Ana, California
Dear '~,r. Rez
December 13, 1y6,
dE~f)I~J t0 :JE=CtLC': _~~
Thalk yrn~. .for. req~resting information concerning- the ~~rovisior.s of erection
?081la.5. This section provides for, the crediting of service which has been
rendered to local jurisdictions whose employees are not covered -ar_czer -this
System.
In order for any employee of your agency to elect credit for sr:ch service,
it w~~.zld be necess<;ry for yo~.lr govei;n:ing body to arnerd its cnrr±r .rt with
th~.s Sys tern. i-ecr:LUSe a contract amendment wn~rl;i offer ';ti:e r ~.it, ~~' ei,~rt,_
in^' credit for 7_ocal service to all empLsyees of the C:.ty o_" Sant._~ Ana,
the First step is for yo~.zr officials to secure state.mr:ts from eac~r erglove::
identif;yins~ possible service which *night be elected by each of the ore.~er:}
-nernbers under your contract.
7f1 or~aer t0 aCL'Or~l~llSil ~tCilS, we are t"_C1,o51nC Sari,DleS of t~1e for~ll w'_:'C~"i
sho~~ld be cornnleted by eaci~ member wi;o has rendered "local serwic~" t~a;:_i,~t.
mi~'ht be credited if yo~~r contract is amended. You s:rio~;l~i rec,rcd~_I.ce th:.s
sample in order to f;,rnish a copy of this form to each ;lersor; r;i,:o ~;as some
orevinis employment with ariy ->olitical s:abdivision of tk:e .~t.te cif ~a~ `o,^a,
r~?e wi7.1 eLitninate from the vall~ati~rr any co°ZSic,eration '.~f ;t:~ri~ice to ~.,~e:~.cies
indicated who mirrht already be i>nder co~rtr~:ct where s~~.cl? sernrice is credit,ai~le
~.znder other orovisior~s of the law.
E~ check «lark within a s~~ace for each month will be sui'~'icic:ra ?.o i~_~.:Ic:a~:;e
fu1.1_ tirrie service. TrJhere ernoloymerlt was less than; ftiLL time, the nurri~e~' of
days or hrn.zrs r;orked each month sciould be shown. :'lease t:y~e the n:e:~berl
name and his social security number on the top of each form. ~_#: a7_l servic~~>
being ~^la i reed bar ary member i.s wiith. one a~lepcy, tine name of t;he a ,eY;c~, an.
the department they. eof shoul:i be entered at the i;op i n the space for "'~,1;'_.i c
Af;encv". ?iowever, if the clai;, i~;~.rolves mop^e than one a;~e~~c;y, each a ~ : ,; _
sr~nul~: be li^ted on the form with be~rir:ning and ending dates si~o~.:~~ ~.~; eacf~
case. Comr>leted claim forms for all of your members wi:o n;i=ht. b° a~t'ected
a~
,-a 1
1 4'
r
•M
- .- Y` ~ y
t
Ci.+,•r of. Santa Ana
_2_
sho>>1~ be returned in a group to t,hi.s o^`fice. The 1'i rst phase of o~ir. tia<~rk
w-i 1.1. bP to comn~~te the member contributions -that will be req_uireci i_n e~ac}i
case if t,ht-~ me:~iher finally elects in favor of crediting the service ir~aicated.
An act.u.~rial valeration would the!: t>e conducted in order to estimate the
cost to the Ages°~.cy for. addir.~ this provision. Our act~:arial rer>ort it 11 be
accomnar~~ied by a list of the employees involved showin,,_r the additional serv-
ice crE~dit which Cher might receive, our computation of the n:eiber co }.r;:.b~.:-
ti on required, ar~d the increased monthly retirement benefit (for ale bs
reti_rement~ which wo~zld result. Once ,your agency~s cost is established
the !~it,y Crnzr~cil of the City of Sar.ta Ana eoul.d adopt the necessary co:rt:ract
amr~n~~nent. Our fee for the .valuation will be based entirely on the time
required of our staff' to make the necesaar;r computations. ~:e do zot expect
thr:~t: the fee w' 11 exceed •U5.00 per errrployee valued.
-~
-_
'-ie am enclosing actuarial contracts for this purpose (L`arm ia2l~-k S'~.~.5, .
These are to be completed and returned to us in triplicate. t~ foi.zrth cnpy-
is e~clored for yo~~r rile. Wher. the contract has been executed a~d approved
by o~ ~r rixec~ztive Officer, one cony will be returned .for your files.
~~ r'C : Ar
ends.
~H /~1 2,13/66
ours tr~zly,
~~~~~ ~. Ct~,~ ~~ ~'
1-, ~_,
Triu~~r;S ~ . CROCK,
A>S~;~TA~S'P ACTU~"~~Y
~O