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Home My WebLink AboutRES NO 67-72RESOLUTION NO. 67-72 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 required 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 amendment to said contract, which resolution shall contain a sD~f~f~ary of the changes proposed in said contract; and WHEREAS, the following is a summary of the proposed change: 1. A monthly allowance shall be paid to certain survivors of members covered under the program upon death before retirement. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Bakersfield gives, and it does hereby give notice of intention to approve an amendment to contract between said City Council and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment and a summary of the major provisions of the proposed change being attached hereto, marked Exhibits '~" and "B" 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 10th day of October, 1972, by the follow- ing vote: AYES: COUNCILMEN BLEECKER, ~, MEDDERS, REES, RUCKER, THOMAS, WHI'rI'EMORE NOES: COUNCILMEN: ~.,~.~...~__._ _ __ Council of the City of Bakersfield APPROVED this r_th day PROVED t~0~. of October, 1972 Bakersfield APPROVED: 'c Y/ B. Pan~tek ins petSmira (l) O.1l proreel mx~tl'~ ~0., 1980 mm aecmx~ of the liability (.3) 1.00 lmmm*'t ~m aeoou~ of the mltbmi~lt~ ro~ the 1959 5urtimr ~ ~~Z~~ ~~' -.. (z) POOR ORIGINAL Ret. Form 702-1 ' C. 2..',','t.,ko3~ ~ m se,wmnt o.t"ti,.e, lXs.,"Xlit,7 fete, eux,x. ec+. 0.~ pereeet on .~.~ of Qd~o l:iabfi2.t,7 for ~ :L~9 Surei, wxr POOR ORIGINAL Ret. Form 702-2 Benefits to Employees Under '~" ~= " PERS SURVIVOR BENEFITS (Benefits provided by Sections 21380-21387 of the Retirement Law) BENEFITS Survivors of ~embers who elect coverage under the PERS survivor program and whose death occurs before retirement will receive a monthly life income as follows: Widow and two or more dependent children or Three or more dependent children, alone $430 Widow and one dependent child or Two dependent children, alone $360 Widow, alone, age 62 (widower age 65) or One dependent child, alone $18o If there is no widow or dependent child, then to each dependent parent (mother 62, father 65) $180 Conditions: A dependent child is .ha under the age of 18 and unmarried, or a disabled child of any age who has been continuously disabled since age 18. (For purposes of the 1959 Survivor allowance, a person shall be considered under the age of 18 if he is an unmarried, full-time student between the ages of 18 and 22.) 2. A widow ceases to be eligible for a benefit upon her remarriage. A widower will be eligible for a benefit the same as a widow provided he was dependent upon the deceased member for at least one-half of his support. A widow (or widower) must be married to member prior to the occurrence of the injury or onset of the illness which resulted in death. The basic death benefit currently incRuded in your retirement program pro- vides that should a member die prior to his retirement, his beneficiary would be paid the member's accumulated contributions plus an additional amount equal to one-month's salary for each year of service, up to a max- imum of six months. The above survivor benefits will be payable in addition to any basic death benefit the survivor may be entitled to receive. If a member is covered under both the PERS 1959 Survivor Benefit described above and the survivor benefits as provided in Section 21365.5 (1957 Survivors Benefit) of the Retirement Law, the survivor will be paid both benefits. Section 21383 - If survivor is entitled to special death benefit and at the same time is enti'~led to receive a survivor allowance, the survivor allowance payable in any month shall be reduced by the amount of the special death benefit allowance. COST TO THE EMPLOYEE Each employee will contribute $2.00 a month in addition to his normal retire- ment contributions. He will continue to pay this additional amount until either termination of employment or retirement and under no circumstances will these contributions be refundable. EFFECTIVE DATE These survivor benefits will become effective on (Date). All present members of the System will be given the opportunity by written ballot to select this survivor coverage° Persons who choose coverage will remain covered until they terminate their employment oFretire. For agencies not covered under Social Security all future employees would be mandatorily covered under this program. For agencies who are covered under Social Security all future employees are mandatorily covered under Social. Security and, therefore, are not eligible for the PERS survivor benefits. EXAMPLE Under the PERS survivor program, if a member passes away before retirement leaving a widow and four children, the widow would receive a monthly income of $430 until such time as the three oldest children have passes age 18 (so that she now only has one child under the age of 18) at which time her benefit would be'reduced to $360. The $360 would continue to be paid until the last child passes the age of 18 at which time the payment would cease until the widow reaches the age of 62. She would then receive $180 a month for the remainder of her lifetime. The widow ceases to be eligible for her benefit when she remarries although benefits would continue to any remaining children under the age of 18. For purposes. of the 1959 Survivor allowance, a person shall be considered under the age of 18 if he is an unmarried, full-time student between the ages of 18 and 22. PERS-ACT-DO-1 (1/72)