HomeMy WebLinkAboutRES NO 82-76RESOLUTION NO. 82-76
RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT
TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION
OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND
THE CITY COUNCIL OF THE CITY OF BAKERSFIELD.
WHEREAS, the Public Employees' Retirement Law permits the
participation of public agencies and their employees in the Public
Employees' Retirement System by the execution of a contract, and
sets forth the procedure by which said public agencies may elect to
subject themselves and their employees to amendments to said law;
and
WHEREAS, one of the steps in the procedure to amend this
contract 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 said contract, which resolution shall contain a summary of
the change proposed in said contract; and
WHEREAS, the following is a statement of the proposed
change:
Provides 15% increase in allowances to or on account of
certain miscellaneous members retired or members deceased prior
to July 1, 1971.
NOW, THEREFORE, BE IT RESOLVED, that the governing body of
the above agency gives, and it does hereby give notice of intention
to approve an amendment to the contract between the said governing
body and the Board of Administration of the Public Employees' Retire-
ment System, a copy of said amendment being attached hereto, as an
"Exhibit" and by this reference made a part hereof.
o0o -
I HEREBY CERTIFY that the foregoing resolution was passed
and adopted by the Council of the City of Bakersfield at a regular
meeting thereof held on the 1st day of November, 1976, by, the fol-
lowing vote:
AYES: COUNCILMEN BARTON, BLEECKER, CHRISTENSEN, MEDDERS, ROGERS, SCEALES, STRONG
NOES: COU[~~;ILI~:%''''~: ~ ~:~.I..,(,._ r__ 2a~y,.2.,(.,~
ABSTAIMING COUNCiLMEFI:
CITY io Clerk of the
dE
Council of the City of Bakersfield
APPROVED as to form:
~~ o~f~t~y
CITY ATTORNEY of Bakersfield
AND THE-
CITY COUNCIL
OF THE
CITY OF B~ZERSFIELD
The Board of Adm4~4stration, BAblic Employees, Retirement System, hereinafter
referred to as Board, and the CITY COUNCIL of the CITY OF BAKEP~SFIELD~ hereinafter
referred to as Public Agency, having entered into a contract render. date of July 17,
19~4, effective July 1~ 19~4, end as amended-effective Jan?;~ry 1, 1950, November 1~
1957, October 1, 1958, April 1, 1965, October 1, 1967, January 1, !971, June 26,
1972, january 22, 1973, Pby 23, 1973, September 16, 1973, and Feb~,ary 1, 197~,
which provide for participation of P~blic Agency in said System, Board and Public.
Agancy hereby agree as follows:
A. The following subparagraph sh~11 be added to Paragraph 8 of said contract:
Section 21222.6 (providing for 15% increasesin allowances payable
8.(e) for time commenc.'.mng'on the first d.a~ of the 6a~endar mo~th coincid-
'i~g with or next following the effective date of t~s amendment or
on accomnt of certain miscellaneous members retired or deceased
prior'~o July l, 1971).
Bo Paragraph.8.5 shallbe added to said contract:
Public Agency, in accordance with Section 207~0, Government Code,
shall cease to be an ',employer" for purposes of Chapter 6 of the
Public Employees, Retirement Law effective as of the effective date
of this amendment to this contract. Accumulated contributions of
the Public Agency asof the date of such amendment shall be fixed
and dete~-mLned as provided in Section 20759, Government Code, and
such accumulated contributions and contributions hereafter made
sh~l:l be held bythe Board as provided in Section20759, Government
Code.
Paragraph 9 (a) shall be stricken from said contract and the following
paragraphs sb~ 1 .be subs~;Ltuted therefor:
9- Public Agency sb~11 contribute to said Retirement S~stem as follows:-
a.
(1)
With respect. to miscellaneous members, the Public Agency shall
'contribute the following parcentsges of monthly salaries earned
as miscel3~eous members of said System:
0.565 percent until June 30, 1980 on account of the lia-
b~14t; for prior service benefits.
(2) 9.328 percent on account of the liability for current service
benefits. ..
(3) 0.168 uercent on account of the liability for the 1959
Stu-vlvors program.
.0.~00 percent for five (5) years from September 16, 1973
to provide the benefits under Section 21222.1 of the Govern-
ment Code.
This amendment sh~] 1 be attached to said contract s~nd shall become
effective on the _. day of _
Witness our hands. t~his _ day of
BOARD OF AD~INISTRATION
PUBLIC R.STO~' EETIRD;ZNT SYSTE~
Carl J.' BlecbGnge~, kxecutive officer
CITY COUNCIL
OF THE
CITY OF B~{ERSFTmT.D
Atte . ~ss'~'~ I/~~~~
Clerk
ApproVed as to form:
Ret. Form 702-2