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Home My WebLink AboutTC Res 1973-08-13 (2) RESOLUTION NO.~ A RESOLUTION OF THE CITf COUNCIL OF '!'BE CIlY OF TIBUROO WIm mmmION 'l'O APPROVE AN A!tmlImNT TO CON'DIACT BE- '1WBEN l'BE BQ\RD or ADMINISTBA nON or THE PUBLIC EHPLOYBBS' UTIREHmT SYSTEM ".A1iD THE CIlY OF TIBU&ON ~S, the Public Employees' Retirement Law permits the participation of public agencies and their employees in the Public Employees' Rettrement System by the execution of a contract, and sets forth the procedure by which said "public agencies my elect to subject themselves and their employees to amendments to said law; and WHBBEAS, ODe of the steps required in the procedure to amend this con- tract is the adoption by the legislative body of the public agency of a resolution giving DOtice of its intention to approve an amendment to said contract, which resolution shall contain a SUUllDilry of the changes proposed in said contJ:8et; and plan; WHElPAS, attached is a summary of the major provilfions of the proposed NOW, 'JBDB1P0RE, BE IT RESOLVED, that the City Council of the City of Tiburon gives, and it does hereby give, notice of intention to approve an amend- ment to contract between said City Council and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment: and a s~ry of the major provisions of the proposed changes being attached hereto, marked Ezhibits .~ U and "B" and by this reference made a part hereof. PASSED AND ADOPTED a t a City of Tiburon held on August 13th re2ular meeting of the City Council of the , 1973, by the following vote: AYES: COUNCILMEN: Fanning, Littman, Sennett NOES: COUNCILMEN: None ABSENT: COUNCILMEN: Aramburu, Becker BBANWBLL FANNING Mayor of the Ci ty of Til) A T'1'BST: BpJtl Sd~ BERT MUEl, City Hanager/Clerk Draft cia te: 8/8/73 . "_:~', ~" . ~4" '" A.<<~ ~.' ~ ~., ,..:..... It · 44., - , .'._ . . ~ """-.~' .... .e. >'" , ~~?, '~.", .. T~~::" ';T' ? "'- . .;j,"" ~\r." ~ . EXHIBIT A AMENDMENT TO CONTRACT BE~'EEN THE BOARD OF ADMINISTRATION l'01lLIC EMPLOYEES S RETIREMENT SYSTEM Alm THE CITY COONCn OF THE CITY t-F TIIDRON Tbe Board of Administration, Public Employees' Retirement System, hereiDatter referred to as Board, and the CITY COUNCIL of the CITY OF TIBJRON, hereinafter referred to as Public Agency, having entered into a contract under date of Pebruary 8, 1967, effective February 1, 1967, and as amended effective,June ;0; 1972, and as provided by Chapters 170 and ;16, Statutes of 19n, which provide tor parti.ci.. pation of Public Agency in said System, Board and Public Agency hereby agree as . follows: A. The following paragraph shall be added to said contract: 7 (b) Section 21380-7 (providing for allowances tor ~V{)r~ of miscellaneous and/or local safety members covered upder 'tht program upon death before retirement). B. Paragraphs 8 (a) and 8 (b) shall be stricken from said oontract and lU following paragraphs subs'l.i l.utcd therefor: 8. Public Agency shall contribute to said Retirement System as foU-. a. With respect to miscellaneous members, the public agency shall contribute the following percentages of monthly salaries 881"ll8t as miscellaneous members of said System: (1) 0.31 percent until June 30, 1990 on a.ccount of the liab1U_ for prior servic';.': benefits. (2) 7.67 percent on account of ~ Ua.Pil~.,t'Qi- ~~~-~~,~~.. benefits.-.'. '. ,'- r.'d (;) 1.00 parcen t on account ot tl1~ 11abill ty f9~ ~,19?? ~,'~. vi vors program. . .c,.,','. ., : (,if;. Ret. Form 702-1 - 'v .'ft' , ;tJ.J.~' {,i.~~ ", .:.~~~ l .,'-. ~tI. ; ,~- t\ ','l , ~ ~\~~ ~'.~; '~~. ----.r... ..... ..~. .,. b. With respect to local safety members, the public Bgcney shall contribute the following percentages of monT.hly e~ari.es eamed as local safety members of' said System: (1) 14.000 percent on account of the liability for ...:tU".ren1i l:>er\':i.ce benefi ts. (2) 0.5 percent on account of the l1abili ty for the 19:')9 Survi.vors program. c. This amendment shall be attached to said contract and shall become etfec- ti.. ve on the day of Wi tness our hands this day of BOARD OF ADMINIS'1!RATION PUBLIC EMPLOYEES I RETIREmrT SYSTEM BY William E. P~e, Execut;i..ve Officer CITY COUNCn OF !mE CITY OF TIIDRON +,. ~. "". . - BY ~ <,', Presiding fI<~~'V ..~ ";. :... ~'~ A ttest: #~. ~.,. ' ~. N.~~~. ..~~.,. ~ . u .. 1 ;j, P,(lj.}U .. u::; : BY Ret. Form 70s,-2 \Ii 1 j. _ S.;;%~efits tc Employees Uw1er PERS SURVIVO'R BrnEFITS (Be-..d!'1te pr :ided by Sections 21}80-213B7 of the Retirement Law) BENEFITf 4~ - .... Surv.vors of members who elect coverage under the PERS survivor program and whoa. de th occurs before retirement will receive a monthly life income as follows: Widow and two or more depend~nt children $430 or Three or more dependent children, alone Widow and one dependent child 1360 or '!'wo dependent children, alont Widow, alone, age 62 ( wi do>"er age 65) $180 0"- One a...--- - _.,_ _ta.1d, alone If there is no widow or dependent child, then $180 to each dependent parent (mother 62, father 65) Conditions: 1. A deJ"" ..o..lent child is one under the age of 18 and ur.marriec, ~r a disabled c~111d of any age who has been continuously di.sabled since ,-lge 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 b~ eligible for a benefit upon her remarriage. 3. A widower ~~ll be ~ligible for a benefit the same as a widow provided he was dependent upon the deceased member for at least one-half of his support. lt~ A widow (or widower) f<'ust be married to mel1ber prier to the occurrence of the injury or onset of the illness which resulted in death. 5. The basic death benefit currently includec in your retirement prog:-am pro- vides that should a member die prior to his retirement, his b~neficiary would be paid the membe;'s accumulated contributions plu3 an additional amount equal to one-month's s21ary for each .......... o:iervice, up to a max- imum of six month~. The Rh~" _~~~t~ will be payable in addition to any basic ~._...\:.l.vor may be entitled to receive. 6. :~ 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 bote banefits. ?, Section 21383 - If su:-vi VOl" is entitled to special death benefit and at the same time is entitled to receive a survivor allowance, the survivor allowance payable in any month shull be reduced by the amount of the special death benefit allowance. COST TO THE EMPLOYEE 4$4 ~~ Each, employee will contribute 12.00 a month in addition to his normal ~etire- ment contributions. He will continue to ~y this additional amount until either termination of employment or retirement and under no circumstances will these .contributions b(~ refundable. EFFECTIVE DATE These survivor benefits will become effective on (Date). All present rr.embers of the System will he given the opportunity by written ballot to select this survivor coverage. Persons who choose coverage will remain covered until they tenllinate their employment o~. retire. For agencies not covered under Social Security all future employees would be mandatorilJ covered under this program~ For agencies who are covered under Social Security all future emplC';lpC', 8. '-' .oandatorily covered under Social Security and, therefore, are not eli6ibie for the PERS survivor benefits. EXAMPLE Under the PERS survivor program, if a member passes away before retirement leRving a widow and four children, the widow would receive a monthly income of 1430 until such time as the three oldest children have passes age 18 (so that s~e now only has one child under the age of 18) at which time her benefi.t 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 paJ~ent 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-l (1/72)