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HomeMy WebLinkAboutORD 018 1984 0404ORDINANCE NO. 18 AN ORDINANCE OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING A CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF MOORPARK AND THE BOARD OF ADMINIS- TRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, DOES ORDAIN AS FOLLOWS: SECTION 1. That a contract between the City Council of the City of Moorpark, California, and the Board of Administration, California Public Employees' Retirement System, is hereby authorized, a copy of said contract being attached hereto, marked "Exhibit A ", and by such reference made a part hereof as though herein set out in full. SECTION 2. The Mayor of the City of Moorpark is hereby authorized, empowered, and directed to execute said contract for and on behalf of the City Council of said City. SECTION 3. This ordinance shall take effect 30 days after the date of its passage and adoption. SECTION 4. The City Clerk shall, within 15 days after the passage and adoption of this ordinance, cause it to be posted in at least the three public places designated by resolution of the City Council; shall certify to the adoption and posting of this ordinance; and shall cause this ordinance and its certifi- cation, together with proof of posting, to be entered in the book of ordinances of this City. ATTEST: (SEAL) APPROVED AND ADOPTED this 4th day of April , 1984. City Clerk MAY C_ CONTRACT BETWEEN THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE Pie, SF CITY OF MOORPARK QQ In consideration of the ovefi ftd nd agreement hereafter contained and on the part of both parties to be ke med, the governing body of above public agency, hereafter referred to as "P�tl�'WAypter cy ", and the Board of Admin- istration, Public Employees' Retirement System, referred to as "Board ", hereby agree as follows: 1. All words and terms used herein which are defined in the Public Employ- ees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 60 for local miscellaneous members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after 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 mem- bers of said Retirement System except such in each such class as are excluded by law or this agreement: a. 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. LOCAL SAFETY MEMBERS. 5. The fraction of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member shall be determined in accordance with Section 21251.13 of said Retirement Law (2x at age 60 Full). "EXHIBIT A" 6. The following additiotY -W visions of the Public Employees' Retire- ment Law, which apply only ection of a contracting agency, shall apply to the Public Agenc aA is employees: �i8� a. Section 20835.1 (Limits prior servlife gmbers employed on con- tract date). ��ll 7. Public Agency, in accordance with Section 20759.1 Government Code, shall not be considered an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law. Contributions of the Public Agency shall be fixed and determined as provided in Section 20759, Government Code, and such contributions hereafter made shall be held by the Board as provided in Section 20759, Government Code. 8. Public Agency shall contribute to said Retirement System as follows: a. With respect to local miscellaneous members, the agency shall contribute the following percentages of monthly salaries earned as local miscellaneous members of said Retirement System: (1) 0.454 percent until June 30, 1994 on account of the lia- bility for prior service benefits. (Subject to annual change.) (2) 8.954 percent until June 30, 2011 on account of the lia- bility for current service benefits. (Subject to annual change.) b. A reasonable amount, as fixed by the Board, payable in one in- stallment 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. C. A reasonable amount, as fixed by the Board, payable in one in- stallment 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. 9. 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. 10. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty 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 cor- rect amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances, or adjust- ments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. Witness our hands the day of , 19 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF MOORPARK 1`'�SF CQ BY BY SIDNEY C. McCAUSLAND, wt7v r, Presiding Officer EXECUTIVE OFFICER 6xy1B1T Approved as to form: Attest: ,-�a (ak���� - :Z�6Z2 Roland K. Bb egal Office, I5aee Clerk PERS CON -702 l STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK ) I, DQRT--, , City Clerk of the City of Moorpark, Cal iornia, o hereby certify that the foregoing Ordinance No. 18 was adopted by the City Council of the City of Moorpark, at a regular meeting thereof, held on the 4th day of April , 1984, and that the same was adopted by the following vote, to wit: AYES: Councilmembers Straughan, Haroer, Beaulien, Prieto and Mayor Yancy- Sutton; NOES: None; ABSENT: None. WITNESS my hand and the official seal of said City this 4th day of April , 1984. CITY CLERK (SEAL)