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HomeMy WebLinkAbout00037C - CALPERS RETIREMENT Amendment 19 A0037 Ord 1801 Ca1PERS California Public Employees' Retirement System AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the City Council City of Palm Springs The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective January 1, 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, January 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, February 27, 1983, July 1, 1984, June 29, 1986, April 18, 1998, August 23, 1998, April 18, 1999, August 19, 2001, April 28, 2002, May 25, 2003, January 4, 2004 and June 17, 2011 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 15 are hereby stricken from said contract as executed effective June 17, 2011, and hereby replaced by the following paragraphs numbered 1 through 15 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members; age 50 for local police members entering membership in the police classification on or prior to June 17, 2011 and for those local fire members entering membership in the fire classification on or prior to the effective date of this amendment to contract and age 55 for local police members entering membership for the first time in the police classification after June 17, 2011 and those local fire members entering membership in the fire classification after the effective date of this amendment to contract. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1957 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. Public Agency agrees to indemnify, defend and hold harmless the California Public Employees' Retirement System (CaIPERS) and its trustees, agents and employees, the CalPERS,Board of Administration, and the California Public Employees' Retirement Fund from any claims, demands, actions, losses, liabilities, damages, judgments, expenses and costs, including but not limited to interest, penalties and attorneys fees that may arise as a result of any of the following. (a) Public Agency's election to provide retirement'benefits, provisions or formulas under this Contract that are different than the retirement benefits, provisions or formulas provided under the Public Agency's prior non-CaIPERS retirement program. (b) Public Agency's election to amend this Contract to provide retirement benefits, provisions or formulas that are different than existing retirement benefits, provisions or formulas. (c) Public Agency's agreement with a third party other than CaIPERS to provide retirement benefits, provisions, or formulas that are different than the retirement benefits, provisions or formulas provided under this Contract and provided for under the California Public Employees' Retirement taw. (d) Public Agency's election to file for bankruptcy under Chapter 9 (commencing with section 901) of Title 11 of the United States Bankruptcy;Code and/or Public Agency's election to reject this Contract with the CaIPERS Board of Administration pursuant to section 365, of Title 11, of the United States Bankruptcy Code or any similar provision of law. (e) Public Agency's election to assign this Contract without the prior written consent of the CaIPERS' Board of Administration. (f) The termination of this Contract either voluntarily by request of Public Agency or involuntarily pursuant to the Public Employees' Retirement Law. (g) Changes sponsored by Public Agency in existing retirement benefits, provisions or formulas made as a result of amendments, additions or deletions to California statute or to the California Constitution. 4. Employees of Public Agency in the following classes shall become members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. Employees other than local safety members (herein referred to as local miscellaneous members). 5. 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:- NO ADDITIONAL EXCLUSIONS 6. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members in employment before and not on or after April 28, 2002 shall be determined in accordance with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2% at age 55 Full and Modified). 7. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members in - employment on or after April 28, 2002 shall be determined in accordance with Section 21354.5 of said Retirement Law, subject to the reduction ' provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2.7% at age 55 Full and Modified). 8. The percentage of final compensation to be provided for each year of credited prior and current service as a local police member entering membership in the police classification on or prior to June 17, 2011 and local fire members entering membership in the fire classification on or prior to the effective date of this amendment to contract shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full). 9.. The percentage of final compensation to be provided for each year of credited current service as a local police member entering membership for the first time in the police classification after June 17, 2011 and local fire members entering membership for the first time in the fire classification after the effective date of this amendment to contract shall be determined in accordance with Section 21363.1 of said Retirement Law (3% at age 55 Full). 10. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance). b. Section 21024 (Military Service Credit as Public Service). C. Section 20042 (One-Year Final Compensation). d. Section 20965 (Credit for Unused Sick Leave) for local fire members only. e_ Section 21574 (Fourth Level of 1959 Survivor Benefits). f. Section 20475 (Different Level of Benefits). Section 21363.1 (3% @ 55 Full formula) is applicable to local police members entering membership for the first time in the police classification after June 17, 2011. Section 21363.1 (3% @ 55 Full formula) is applicable to local fire members entering membership for the first time in the fire classification after the effective date of this amendment to contract. 11. Public Agency, in accordance'`with Government Code Section 20790, ceased to be an "employer' for purposes of Section 20834 effective on September 5, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 12. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 13. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members and local safety members. b. A reasonable amount, as fixed by the Board, payable in one installment 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 installment 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. 14. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement taw, and on account of the experience under the Retirement System as determined by the periodic investigation and valuation required by said Retirement Law. i 15. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen 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 correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee May be made by direct payments between the employee and the Board. B. This amendment shall be effective on the 1-1 day of 20 I t BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF PALM SPRINGS BY ` Z1 y BY�N DARRYL WATSON, CHIEF PRr-SIDIKG OFFICER CUSTOMER ACCOUNT SERVICES DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM 1 2/ oif 7oI� Witness Date Attest: erk APPROVED BY CITY COUNCIL drd I�o1 Iltb•1t �no3� AMENDMENT ER#355 PERS-CON-702A 4 Amendment 18 A0037 Ord 1795 w 3. catifomie Public Employees'tetiren-ent System p r�nr II ` `C ' C Betveess; t , Boawd iiE Alai ni.stratioa A, C A is Publi��� loyees' Retir eat t "u a aud.. the . CLt]p CQgACil City of PaZsi Springs The Board of Ad►ninistralion, California - Public Employees' Retirement System hr01 #< wed to as Board, a®id ltee't vesting y ek he aboveMp age► y; hereinafter r0erred- to as Public Regency, having entemo*ft a contract ef active- January 1, 1957, and December 3, 1956, and as amended effective July 14; 19&5, January 14, 1973 January 1-, 1975, September 5, 1976, July,40, 1977, October 15, 1976; April 29, 1979, February 27, 1983, July 1, 1984, Jurw.213, 19M, April 18, . 19€ , August 23, 1998, April 18, 1999,`August 19, 2001 .,2$, 2002,; ay' ` and Janu—.4 2004 which provides for partiglpation of Public Agency in said System, 8owd'astiA9encylhewby4gIeeasfolbwis: t A, P 1 threugb .13 are he sicken fr �rcrrtra effective January 4, 2004, and hereby' treplaceit the thiloriung paragraphs numbered 1 through 15 inclusive: 1. AWwords andlerm&used herein which are def ,the'Public Ernpleyees' l iremgt, ,L rr shall have the aeanrrrg as defined therein utfiess othe " `provided.`"Normal retirement aigem shah mean age 55;for locaPthiscel1pneous members , " ' 5fl'tirr-J000111AVe and # cal Y rnembe* entering nem—bership in police , ,- cl0issifli--W60i on or prim to the=:effectiye date of this :amendment to a ' contract; and age 55 forItical pofice•memliters entering membership feRr ; the first time in the :police classificatior► after the effective date of.this amendment to contract 7 ,a 4 2. Vubfi¢ Agency shall participate in the Public Employees' Retirement System ftmt and after January 1, 1957 making its employees as hereinafter providecl, members of-said System subject to all provisions of ; the Pubbc Employees' Retirement Law except such as apply otlly on election,of a contracting agency and are rat 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. Public Agency agrees tQ<indemnify; defend and hold harmless the California Pt31ic Employees' ant System (CAPERS)and its trusllees; agents and employees,#*CalPERS Board of AdrWinistrabon, oW the California Public Employees' Retirement fund from any claims, demands, actions, losses, liabilities, damages,judgments, expenses and costs, including but not limited to'srterest, penalties and attorneys fees that may arise as a result of any of the following: (a)., Public Agency's election to provide retirement benefits provisions or f pr oulas under this Contract that axedifferent than the retirement benefits, proms or forms provided under the Public Agency's priorlitewQaIPERS retirement program. } (b) Public Agency's election to amend this Contract to provide regent benefits, provisions or formulas that*e different than existing retirement benefits, provisions or formulas_ (c) Public gertcys agreement with third party other than CatPERS to prude retirement bbrrefits;provisions% e*)rmulas that are diFferentthanthe retirement benefits, provisions or formulas pd+vided under this Contract and pio>vided for under # Califomia Public Employees'Retirement Law. l # Putt election to file for b rtkruptcy:under Chapter 9 (commencing With section 901)of TI`e 1 of the United States BankYWcy Code-and Agency's e6action to reject this Contrac#^tisM the Ca1P£RS Board of Administration pursuant to .: se0m 365, of Title 11, of the United States Bankniptcy Code wau-: , . or any provision of law:. (e), Public Agency's election to assign this Contract without the prior of the CaIPERS'Board of Administration. , this ContrxtSher volun #y r request of Pubic A@M&y or iWoluntadly putsuantto the Public Employees' Retirement Law. (g) Cis spatisored by Pubic Agency in existing retirement befits;Wo oulormulas wade as a result of amendment add tons or del, I o,ns-JD California statute or to theCalifoONA Constitution. 4. Employees of Public Agency in the following classes stall become members of said Retirenumt System-except such in each such class as are excluded by law or this agreement: a. Local Fire fighters(herein referred to as local safety members); b. Local Police<Qteps (herein re€elred to as local safety,members); C. Erroleyees other ftoit local safety members (herein referred=th as local miscellaneous members). 5. 1n addition to the classes of employees excluded from membership by said Retirement Law, the following comes of employees shall not become members of said Retirement System: ITIOKAL EXCLUSIONS 6. The perc~ of firms lion.tame provided: for each year of creetted pnO and rrerrt service for local mismeltar ors members in employment before and not on or after April 28, 2PW shall be determined- in accordance,with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, '1974, termrni of Social--Secupty, for rr4 hers whom service has been ct �ded,rin f al Social Security(2°/6 at age 55�n and Modified).' r a} 7 The percentage of final compensationto be provided,Jor each year of credited prior and current service for docaV riiiscellarreous miMbem in, eniployment on or after April 28, 2002 SttalL be determined in accordance with Section 21354.5 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, tertnination of SOQ�l Sew ty,former ers Whose service has been included in Federal Social Security.(27% at age,56-Full and Modif-iea., 8. The percentage of final cxontpensation to be provided for each yeas d€ credited prand current service as a local fire member and those local police member entering membership in the police classification on a€price to the effective date of this amendment to act shall be determined in accordancevM* Section 24362.2 of said Retirement Law (3% at a€ge,50 Full) 9: The percentage of final compensation to 3e previded$ftor each year of credited current service as a local police member entering membership for the first time in the police classf ration after the effective date of this amendment to contract shall be determined in accordance with Section 2'1363..1 of sa dl Retir �.La w(3% atage 55 Full). 10. Pu Agency elected and emits to be subject to the following optional %prcavis` : " a. Sections 21624, 21626 and 21628 (Post Retirement Survivor Allowance): bi : Section 21024 0611tarq!Slice Credit a s Public Senrrce). C. Section-20042 (One-"Near Final Compensation). d. Section 20965 (Credit for unused Sick Leave) for local fire tnembers cifity. e. Section 21574 (Fourth Level of MO SurvhW Benefits). f. Section 20475 (Differerft Levet-of Benefits). Section 24363.1 (3% 55 Full formula) is appOcabie,to local police members entering mernbership for the first time In 1 police classification after r:,,.E-< effective date of this am6n�to contract. 11.. ,Public OjiMOiy in darn a with Government Code Section 20740, � used tcr'be an " er" for pure of Seclm MM of edive on 'September 5, 1976 'Accu nulated contrbutiorrs of Public AgencyrshM be f ed and determined as provided in Government Code 4eclion 20834,E and accumulated cones tt eaffer shad be held*y the board as provided;in GioverF nt Coda-Section 20834. 12. �A"ri y shall= bute to said Retirement System the co ' determined by actuarial valuations Qf ioi nd future service respect to local misceltaneous, id4ocal safety merpbe*ofsaid reriient Sys 13. Public Agency shall also contribute to sWdRetirefnent Sys as follows a. Contributions covered member on account of the 1959 Survivor Beneft's provi AgidSection 214 of said Retirement t Law. (Subject td.,a nual ch6rige`) In ad",M ,call assets and liabilities of Pudic Agency and its employees shair-W pooled in-,a single account'based on term insurance rates, for survivors of all local miscellaneous metes and local safefgt members. b. A reasonable. t, as fixed by the Board, payable in one installment ,4ays.o€ dam#contract to cover the costs of adrninis said 'item as it affects the employees of Public ^` 9eaey, not inch the tests of special 4 o of periodic investigation and w luations required by lbw. C. A reasonable aunt, as fixed by the Board, pole-in one installment as the occasions arise to cot+ tore costs of special r valuations on account of,empbyees off- Agency,.and cosy of the pericx#io' ' nand equired by�v. 44. Contributicift .wed of Public Agency and iW e . w ` ' shall be :5 WbjW to adjustmant by Board on account of amendments to the Public E rrpfoyees' Retirement Law, and on account of the experience undd'too Retirement System as determined by the peodic inv' on and " valuation required by . . 'rrement Lave. 15. Contributions required of Public Agency and its employees shall be paid ' by Public Agency to the Retirement System within fifteen days after the end,df the period to which said contributions refer or as may be prescribed by Board regulation. If more or less than .the correct amount of contributions is paid for any period, proper adjustment shall be-,mad%,in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be madey direct payments between the employee and thewBoard. b4Z2 F1 f McK B. ThisamendrR nt shall be effective on the 1`1t�'day of �101t BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF PALM SPRINGS BY BY DARRY'L WATSON, CHIEF PRESID SlG OFFICER CUSTOMER:ACCOUNT SERVICES DIVISION PUBLIC EMPLOYEES' RETlRtMi3NT SYSTEM t sr Zor ess Date Attest: ANX4k a. l4P�ROVE£BY �lC1NjNG11. .: Ofo/�S�Zoff 3. A. oRa j-t�15 ..AMENr WNT ER#355 PERS-CON-702A ' ORDINANCE NO. 1795 AN URGENCY ORDINANCE OF THE CITY OF PALM SPRINGS, CALIFORNIA, AUTHORIZING AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF -TRE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF PALM SPRINGS. (Ao037) THE CITY COUNCIL OF THE CITY OF PALM SPRINGS HEREBY ORDAINS: SECTION 1. An amendment to the contract between the City Council of the City of Palm Springs and the Board of Administration of the California Public Employees' Retirement System is hereby authorized and approved, a copy of said amendment being attached hereto, marked Exhibit A, and by such reference made a part hereof as though herein set out in full, as on file in the office of the City Clerk. SECTION 2. The City Manager of the City of Palm Springs is hereby authorized, empowered, and directed to execute said amendment for and on behalf of the City Council and the City of Palm Springs. SECTION 3. This urgency ordinance is adopted pursuant to the City's authority of matters of local concem as a charter city and Section 312 of the Palm Springs Charter. The City Council finds, determines, and declares that this urgency ordinance is necessary for the preservation of the public heath and safety due to the immediate need to hire sworn police personnel pursuant to the terms of the amended contact, and to ensure the timely hiring of sworn police personnel. SECTION 4. The Mayor shall sign and the City Clerk shall certify to the passage and adoption of this Ordinance and shall cause the same, or the summary thereof, to be published and posted pursuant to the provisions of law and this Ordinance shall take effect upon adoption. PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL THIS 15TH DAY OF JUNE, 2011. d *P pa,� STEPH N P. POUGNET, MAYOR ATTEST: MES THOMPSON, CITY CLERK Ordinance 1795 Page 2 CERTIFICATION STATE OF CALIFORNIA ) — — BOUNTY . CITY OF PALM SPRINGS_I- I, JAMES THOMPSON, City Clerk of the City of Palm Springs, California, do hereby certify that Urgency Ordinance No. 1795 is a full, true, and correct copy, and was introduced and adopted at a regular meeting of the City Council held on the 15t' day of June, 2011, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Mills, Mayor Pro Tern Weigel, and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. i MES THOMPSON, CITY CLERK City of Palm Springs, California p61t.f zol f PERS Amendment #17 AGREEMENT 437 Ord 1638, 11-5-03 Ca1PERS California Public Employees' Retirement System f AMENDMENT TO CONTIRACCT Between the Board of Administration California Public Employees' Retirement System and the City Council City of Palm Springs The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective January 1, 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, January 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, February 27, 1983, July 1, 1984, June 29, 1986, April 18, 1998, August 23, 1998, April 18, 1999, August 19, 2001, April 28, 2002 and May 25, 2003 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 14 are hereby stricken from said contract as executed effective May 25, 2003, and hereby replaced by the following paragraphs numbered 1 through 13 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1957 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 members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. 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: NO ADDITIONAL EXCLUSIONS 5. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members in employment before and not on or after April 28, 2002 shall be determined in accordance with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2% at age 55 Full and Modified). 6. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members in employment on or after April 28, 2002 shall be determined in accordance with Section 21354.5 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2.7% at age 55 Full and Modified). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full). 8. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance). b. Section 21024 (Military Service Credit as Public Service), Statutes of 1976. C. Section 20042 (One-Year Final Compensation). d. Section 20965 (Credit for Unused Sick Leave) for local fire members only. e. Section 21574 (Fourth Level of 1959 Survivor Benefits). 9. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on September 5, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 10. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 11. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members and local safety members. b. A reasonable amount, as fixed by the Board, payable in one installment 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 installment 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. 12. 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. 13. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen 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 correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. .h B. This amendment shall be effective on the day l�x.il_. BOARD OF ADMINISTRATION CITY COUNe1 PUBLICS EMPLOYEES' RETIREMENT SYSTEM CITY OF PALM SPRINGS BY rti`7_1, , F� 5 11%-�� r CIS,-� BY KEN ET//H . MARZI N, CHIEF PRESIDING OFFICER ACT A IA & EMPLOYER SERVI S DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM U Lco Witness Date Attest: Clerk iln^F 7, �.i'��'!`� Pa�`u,4�W k_ j4.J AMENDMENT ER#355 � PERS-CON-702A(Rev.8\02) ECEl,�Er' PERS • Amendment #16 AGREEMENT #37 031i ,"' 12 A611 9 Ord 1627, 4-16-03 Ca1PERS Io "U of mH SRO" California Public Employees' Retirement System AMENDMENT TO CONTIRAC71."I Between the Board of Administration California Public Employees' Retirement System and the City Council City of Palm Springs The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective January 1, 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, January 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, February 27, 1983, July 1, 1984, June 29, 1986, April 18, 1998, August 23, 1998, April 18, 1999, August 19, 2001 and April 28, 2002 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 13 are hereby stricken from said contract as executed effective April 28, 2002, and hereby replaced by the following paragraphs numbered 1 through 14 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall _1 mean age 55 for local miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1957 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 members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. 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: NO ADDITIONAL EXCLUSIONS 5. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members in employment before and not on or after April 28, 2002 shall be determined in accordance with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2% at age 55 Full and Modified). 6. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members in employment on or after April 28, 2002 shall be determined in accordance with Section 21354.5 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2.7% at age 55 Full and Modified). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full). • 8. The percentage of final compensation to be provided for each year of credited prior and current service as a local police member shall be determined in accordance with Section 21362.2 of said Retirement Law (3% at age 50 Full). 9. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance). b. Section 21024 (Military Service Credit as Public Service), Statutes of 1974. C. Section 20042 (One-Year Final Compensation). d. Section 20965 (Credit for Unused Sick Leave) for local fire members only. e. Section 21574 (Fourth Level of 1959 Survivor Benefits). 10. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer' for purposes of Section 20834 effective on September 5, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 11. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 12. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members and local safety members. b. A reasonable amount, as fixed by the Board, payable in one installment 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 installment 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. 13. 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. 14. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen 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 correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. B. This amendment shall be effective on the W,JJ"day of croo,3 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF PALM SPRINGS BY j 10 ! �_;h r,�r� �,_�� BY KE TH MARZI N, CHIEF PRESIDING OFFICER ACTUARIAL/ & EMPLOYER SERVICE DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM )-Do's Witness bate Atte Clerk AMENDMENT ER#0355 PERS-CON-702A(Rev.8\02) • • PLRS Amendu_mt #15 AGREEMENT -#37 Ord 1607, 3-20-02 Ca1PERS California Public Employees' Retirement System AMENDMENT TO CONTRACT ]Between the Board of Administration California Public ]Employees' Retirement System and the City Council City ®f IPah n Springs A*- --- The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective January 1, 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, January 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, February 27, 1983, July 1, 1984, June 29, 1986, April 18, 1998, August 23, 1998, April 18, 1999 and August 19, 2001 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 13 are hereby stricken from said contract as executed effective August 19, 2001, and hereby replaced by the following paragraphs numbered 1 through 13 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members, age 50 for local fire members and age 55 for local police members. • i 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1957 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 members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. 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: NO ADDITIONAL EXCLUSIONS 5. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members shall be determined in accordance with Section 21354.5 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2.7% at age 55 Full and Modified). [Note that legislation has been proposed that could amend Government Code Section 21354.5 to make the 2.7% at 55 benefit formula applicable to both active members and inactive members who have not yet retired. If enacted, this amendment could have an effect on your agency's actuarial valuation and employer contribution rates in future years.] 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local fire member shall be determined in accordance with Section 21362 of said Retirement Law (2% at age 50 Full). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local police member shall be determined in accordance with Section 21363.1 of said Retirement Law (3% at age 55 Full). 8. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance). b. Section 21024 (Military Service Credit as Public Service), Statutes of 1974. c. Section 20042 (One-Year Final Compensation). d. Section 20965 (Credit for Unused Sick Leave). e. Section 21574 (Fourth Level of 1959 Survivor Benefits). 9. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on September 5, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 10. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 11. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members and local safety members. b. A reasonable amount, as fixed by the Board, payable in one installment 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 installment 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. 12. 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. 13. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen 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 correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. B. This amendment shall be effective on the Ust day of_4Enmlk 2002 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF PALM SPRINGS BY BY KEN N• H MARZION, CHIEF 1 PRESIDING OFFICER ACTUARIA & EMPLOYER SERVIC S DIVISION PUBLIC E PLOYEES' RETIREMENT SYSTEM Witness Date e - n (::erk '— APPROM TWA WY NUML AMENDMENT PERS-CON-702A(Rev.8\96) PERS Amend #14 Retirement Age AGREEMENT #37 R20066, 7-18-01 CaIPERS California Public Employees' Retirement System AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the City Council City of Palm Springs The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective January 5, 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, January 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, February 27, 1983, July 1, 1984, June 29, 1986, April 18, 1998, August 23, 1998 and April 18, 1999 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective April 18, 1999, and hereby replaced by the following paragraphs numbered 1 through 13 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members and age 50 for local fire members and age 55 for local police members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 5, 1957 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 members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. 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: NO ADDITIONAL EXCLUSIONS 5. The percentage of final compensation to be provided for each year of credited prior and current service for local miscellaneous members shall be determined in accordance with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2% at age 55 Full and Modified). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local fire member shall be determined in accordance with Section 21362 of said Retirement Law (2% at age 50 Full). 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local police member shall be determined in accordance with Section 21363.1 of said Retirement Law (3% at age 55 Full). The required member contribution rate is 9% of reportable compensation. 8. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance). b. Section 21024 (Military Service Credit as Public Service), Statutes of 1974. C. Section 20042 (One-Year Final Compensation). d. Section 20965 (Credit for Unused Sick Leave). e. Section 21574 (Fourth Level of 1959 Survivor Benefits). 9. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on September 5, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 10. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System, 11. Public Agency shall also contribute to said Retirement System as follows: a. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members and local safety members. b. A reasonable amount, as fixed by the Board, payable in one installment 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 installment 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. 12. 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. 13. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen 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 correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. B. This amendment shall be effective on the /3?*day of tGw- oTOo/. BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF PALM SPRINGS BY BY " KENNF,TH W. MAR ON, CHIEF PRESIDING OFFICER ACTUARI & EMPLOYER SERVICES DIVISION PUBLIC PLOYEES' RETIREMENT SYSTEM Witness D to Attest: C erk AMENDMENT PERS-CON-702A(Rev. 8\96) RECEIVtL' 01 AIM 2 I AM 9. 00 Ca1PERS HUMAN RESOURCE " Actuarial & Employer Services Division PO Box 942709 CITY OF PALM SPRINGS Sacramento, CA 94229-2709 Telecommunications Device for the Deaf- (916) 326-3240 (916) 326-3420 FAX (916) 326-3005 August 16, 2001 n Employer Code #0355 Reply to Section 105 Director Sue Mills, PHR / 7fl l / I Director of Human Resources City of Palm Springs P.O. Box 2743 Palm Springs, CA 92263-2743 Dear Ms. Mills: 61 The contract amendment has been executed by CalPERS. The effective date of the contract amendment is August 19, 2001. If you have any questions regarding your contract, please do not hesitate to contact, Jean Krum at (916) 326-3009. Sincerely, 41th,.vt Cv4 Public Agency Contract Services CC:cc Enclosure C0308(Rev.9/99) California Public Employees' Retirement System Lincoln Plaza -400 P Street -Sacramento, CA 95814 �to: �WY '" �- Amend #13 AGR 37 - PERS to ALE provide 4th Level 1959 Sury CRY OF PALM SF°"°'BIZ gpx 2743 California Benefits for Police PALM&VMNQS,CAf12'!68 Public Employees' Retirement System AGREEMENT #37 Ord. 1567, 3-17-99 AMENDMENT TO CONTIRACT Between the Board of Administration California Public Employees' Retirement System and the City Council of the City of Palm Springs The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective January 5, 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, January 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, February 27, 1983, July 1, 1984, June 29, 1986, April 18, 1998 and August 23, 1998 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective August 23, 1998, and hereby replaced by the following paragraphs numbered 1 through 12 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1957 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 members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. 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: NO ADDITIONAL EXCLUSIONS 5. The percentage of final compensation to be provided for local miscellaneous members for each year of credited prior and current service shall be determined in accordance with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2% at age 55 Full and Modified). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21362 of said Retirement Law (2% at age 50 Full), 7. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance). b. Section 21024 (Military Service Credit as Public Service), Statutes of 1974. C. Section 20042 (One-Year Final Compensation). d. Section 20965 (Credit for Unused Sick Leave). e. Section 21574 (Fourth Level of 1959 Survivor Benefits). 1Z Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen 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 correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. B. This amendment shall be effective on the 18th day of Apri 1 , 1999 BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF PALM (SPRINGS BY / . / BY KENNETH YV. MAR�ION, CHIEF PRESIDING OFFICER ACTUARIAL & EMPLOYER SERVICES DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM Witness Date Attest: Clerk AMENDMENT PERS-CON-702A(Rev 8\96) • iETIAR IN,"s!CITY ZLE,�: ,W UTY OF FOAL BOX 2743 AGREEMENT PALM WRINGS,CA M-M,, TO POOL 1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF PALM SPRINGS WHEREAS, Government Code Section 21574 provides for a single employer rate to be established to provide benefits under said Section on account of members employed by contracting agencies electing to include the provision of said Section in their contracts; and WHEREAS, Government Code Section 21574, requires pooling of all assets and liabilities of all contracting agencies subject to said Section; NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Palm Springs and its covered employees shall be pooled pursuant to the provisions of Government Code Section 21574. BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF PALM SPRINGS By BY KENI W. MARZIO , CHIEF PRESIDING OFFICER ACTUARIAL EMPLO R SERVIC DIVISION /7) /y` PUBLIC EMPLOYEES' RETIREMENT SYSTEM ATTEST: i c City Clerk Date PERS-CON-59(Rev.7/96) Amend #12 AGR 37 - PERS to provide 2% @ 55 for Misc Empl Ord 1558 7-15-98 (effect 8-23-98) AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF PALM SPRINGS The Board of Administration, Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of above public agency, hereinafter referred to as Public Agency, having entered into a contract effective January 1, 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, January 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, February 27, 1983, July 1, 1984, June 29, 1986 and April 18, 1998 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective April 18, 1998, and hereby replaced by the following paragraphs numbered 1 through 12 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after January 1, 1957 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 members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Fire Fighters(herein referred to as local safety members); b. Local Police Officers (herein referred to as local safety members); C. 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: NO ADDITIONAL EXCLUSIONS 5. The percentage of final compensation to be provided for local miscellaneous members for each year of credited prior and current service shall be determined in accordance with Section 21354 of said Retirement Law, subject to the reduction provided therein for service prior to December 31, 1974, termination of Social Security, for members whose service has been included in Federal Social Security (2%at age 55 Full and Modified). 6. The percentage of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21362 of said Retirement Law(2% at age 50 Full). 7. Public Agency elected and elects to be subject to the following optional provisions: a. Sections 21624, 21626 and 21628 (Post-Retirement Survivor Allowance). b. Section 21571 (Basic Level of 1959 Survivor Benefits) for local police members only. C. Section 21024(Military Service Credit as Public Service), Statutes of 1974. d. Section 20042 (One-Year Final Compensation). e. Section 20965 (Credit for Unused Sick Leave) for local fire members only. f. Section 21574 (Fourth Level of 1959 Survivor Benefits) for local miscellaneous and local fire members only. 8. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on September 5, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 9. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 10. Public Agency shall also contribute to said Retirement System as follows: a. Per covered member, $3.50 per month on account of the liability for the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous members and local fire members only. b. A reasonable amount, as fixed by the Board, payable in one installment 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 installment 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. 11. 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. 12. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen 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 correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. B. This amendment shall be effective on the day of BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF PALM SPRINGS BY '✓1J BY KENNETH W.�MARZION, CHIEF` PRESIDING OFFICER ACTUARIAL & EMPLOYER SERVICES DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM Witness Date Attest: Clerk AMENDMENT PERS-CON-702A(Rev.8\96) 8. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on September 5, 1976. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. 9. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous and local safety members of said Retirement System. 10. Public Agency shall also contribute to said Retirement System as follows: a. Per covered member, $3.50 per month on account of the liability for the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) In addition, all assets and liabilities of Public Agency and its employees shall be pooled in a single account, based on term insurance rates, for survivors of all local miscellaneous and local fire members only. b. A reasonable amount, as fixed by the Board, payable in one installment 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 installment 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. 11. 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. Amend #10' A37 - t 0 prov sngl highest Yr retrmnt comptn for MCC unit o1266, 6-27-86 ANEIMMENT TG CONTRACT DETWEN THE MAND OF AMTKUPATION OF 'm,F r,1M)T,0'7FJ7S1 NEUREMENT SYNTEM AND M,E GITY MUNCIL OF TFE CITY OF PW WINGS The costs of Public Employees, peti?ement system, harq1noftel, MUrred to as WPM, and the MCMIng WY of above publio nEenay, Nerain— Mcr raferTed to an Piablic Alvney, it Janu"U 1, 1957, and witnessed Ducumbov 3, 1956, and as amcndcd Kfuebi,e July 14, 1965, Munry 14, 1973, innu,ry 1, 1975, SePteobcc 5, 1976, July 10, 1977, WOW 15, 1978, April 29. 1979, Whrurvy 27. 158D and July i, 19u, Mob provides W Wrticination of Public Agency in amid system, Board and Public Macy hereby agreu as follows,. A. Wragrapbs I through 11 mra bereby strinken from ,j, WWWR July 1, 1984, and hcraby replaced by the folloldng pvraErapk; numbercd I woup 11 inclugive,, 1. All 1000 and termn Uoud }'':rev' which nre defMcd in the Public, EMPlown' RcKr2ment Low WWI have the mcaning an dofinqd thcrein un"*s Otherwise uPecifical2y pvavided. "Wormn! rotirement age" shall Me" 090 60 for 100*1 mWeelloncouz mambere nnd nye Fo for local OVYLY members. 2, 14blia Agency aball pNrtjcjpnte in the p,b1l, System from mud after WougrY 1 , 1957 MUG its empi0yoes ber0nufter provide;l, wcmburo of nmid Sys6n, s,bj,,t to all ......... Of the Public EmPlOWs' &Qvemcnt Law except nunh an mpply only oil Mation of n contracting Egaucy and pro not proviocd for her Mn and, to Oil OMMOM to said Law bereafter onnctnd exnopt those, whIch by expross pro7isjon8 therwof, apply ,,, on th, contracting agency. Y. EMployeas of pmbiju Agency in tha Mnberu Of Mid Ratiremont System except such in ench y,h as ave excluded by low or this mgraawsnt. a. LoW Fire Fighters Charnin refarrpd t, b. LuM Police Officers (heroin referred Lo ns local safety VV Mber S) -, n . QP20yoon athar timn locul stf&Y mnmbero (herein referred t, 10W miseellanqous membero) . Contrif,',�.%iono require, of Pub! n Agency and Itp amployces atoll b5' Paid by Public Age= to the RuUrOwent SYStGm withAn thirty dayc after the end of bhe pcKod to tMich 00d contributionz refer or LS niny he pre6cribed by Bourd reguInticn. if zero or less thou the oorreQh amount of nontributions is paid fur any perlod, propEv Wustm= shall he =0 in connection with oubsequant Ycoilltances. Adjustmenta on account of criers in contp1butione raqvived of any employee may be m0o by direat ;syments between the suployse and vh.-, Board. B. Tais om 1dwe2'7t shell & ci.'feeU�ivo on the HARD OF KNINISTRATION CTTY GOUNGIL PUKIC EMPLOYEE& PETIREAENT SYSTMI OF TNE CTfY OF PALM 7 BY �H)XTFY MAYOR ZXECUTIVC Cal PTIER blivess Date App"Ovcd to to form, AtteS,, Leg2i office, DU 4e PERS-CON-702 (AMENDMENT) (Rev. 9/05) REVIEWED & APPROVED 4 City Attorney ROENDMUT TO CONTRACT BETWEEN TNE BOARD OF ADMINISTRATIOU OF TI ' PUSLIC EMPLOYEES' RETIREMENT SYSTEM AND .IN Amend 09, ACR 37 - to prov sngl CTTY COUVIL highest yr for retrmnt cmptn OF THE for misc. members CITY OF PAV SPRiNGS Ord 1216, 2-15-84 effective 7-1-84 The Board of Administration_. Public Employees, Retirement System, herein- QQQP referred to as Board, and the goverainG body of above public agonny, hereinafter referred to as Public Agency, having entered into a contract effec.- UVO KnWry 1 , 1957, and witnessed December 3, 1956, and as amended effective July 14, 1965, inuuary 14, 1973, January 1, 1975, September 5, 1976, July 10, 1977, October 15, 1978, April 29, 1979, and Fobyvary 27, 1983, which provides pwc l AGny n said System, B for tiip bce Agency hereby agree as followal A. Para2raphs I through 10 ore hereby stricken from said contract on executed effective February 27, 1983, and hereby replaced by the following pnr,a3r&p!aS nufabered I through 11 inclusivo, 1 . All words and terms used heroin which arc defined in the public Employ-, ass' Rativement Law shall have the meaning as defined thernin unla= otherwise Upoeificnily provided. nNormal robiromant age" Shall mean aga 60 for local miscellaneous members and age Jul foe local safety members. 2. Public Agency shall participate in the Public Employees, RoUrement System from and after January 1, 1957 making its employees as herein... after provided, P!Ombin--a of said System subject to all provisions of the Public Employees, Retirement Law except such ns apply only on election of a contracting agency and Oro not provided for heroin and to all amendments to said Law hereafter enacted except those, which by express provisions thereof, apply only on the olaction of a contracting agency. 3. Employees of Public Agency in the following clusoes shall become tiled]-. horsesOf said ROLirowen! System c%cept such in each suou olLss as arc eNcluded by law or this tag reementz a. Local Fire Fighters (herein roparrO6 to as local safety mewboro) , b. Local Police offizers (herein referred to an iocol safety mcmbers), C. EmPlOYces Other than local safety Oembers (herein referred to ac local miscellaneous members) . 4, in addition to the classes O Hb`I�O.I.CJj�C:00 exC�.Ldod i:rom G3CEiii?l:iP'f3i;"i by an id RetirementRetirementLaw;, the following classes o u[l:p,^,e,14ez 4nlial notbecome members of amid Retirement System. NO A71i).lTl.l)"NAL s":XCLU57.^JNS 5. The 'fraction of .final_ compensation to be provided for each ,Y'Csxttl" Uf• credited prior end dJlA4'H'ent ServM.ce as shall be that provided in Section 21251 . 13, of sold Retirement; Law with all service prior to Social SOcuPity termination ion Hooker er 31 1974, 1::I•I•,12I FS'+AdDjf:C;t to the reduction provided by said section (25 cd 60 Full and Modified). 6. The S'S•49utiOn Of final t:G21Spf:n.i:ilzion to be provided for each year of credited prior SInd Y1v,➢if•P•F.nU service "a I i !F:•C�l. :>ii i.�¢'Ly C1',^[Ii�1.�E' .3'L''fFa?.... be Cdae.armi1: ad in accordance with Se ction e ction 21252_.©1 of said Heti� .. " t"CIi7CP1 is Law (25 at ago 50 Full). ;. The following additionalprovisions of the public i:mpl.rrys... Ei1enkt La,,1, which apply only upon election of a contracting 71[ency; SSE allapply to the P73[ lic Agency and its cmpl.Oyces;^ CI,. 3ec,tions 2.1263/21263.1 (Post—retirement survivor u.1.lou24ua) . b., :.sections 21380-21 87 C 1959 Survivors Program) oxcll':ding Section Sion 21382.2 (I1]Y)T'ease(d 1959 Survivors benefits) . 0. Section ;.'0930.,3 (Military service credit) an CIceiied in (i11t7jah,c, 1417, Statutes of 1971. (d. Seution 20024.2 (One—yeah f,•inal. compensation) , for local fire, and local miscellaneous Ytlnm`,epa only. G'. section 20862.3 (d)d't'LlN'C'd Side leave credit) , for to al fire 1'll3kiid')ers only. 3. Public, AZenc:yy, in accordance with Section 207=40, GovGk'S1P4ent (•!de., cenv3ed to be an ur'^Sn,'loyo " for purposes oC I:47.apioor 6 of the Public Employee" dt®t:Y.!'@k'eni; Lau effective on ,y,",.q?tember 5, 19(6. Acauiii"oia&od contributions of Public Agency.l of theEn T'f+i'n{7ICx7 rs 5i'h0 :;49�F'..L,d, a �r:'tyad and Ci G=`ermined as Provided no of Section 20759, Government c z�m d EA[]!7Dmulat'Od contributions Ds of the nlfore}1moni)iC1nou f,4:.:ta and con- tribution`; the3'( ::]i:ter" made shall be hold by he iy(}ard ac provided i Sc.p'f•4'an 20759, aovernmsan'b code. 9. Public Agency shall contribute to said Re sEau System follow,,' a. Hi.h re f.cct to local miscellaneous members, the i:(ency shaij 000P"l.i)I.SS'tO the following percentages of monthly :,ojerjes e:apnaCE as local Li7.isce.Lica,.CP4ous members of said [d@1tirawen't System, d (1 ) 0.683 perccnb until Juno 30, 2000 on account of the liability for prior service benefits. (2) 14.437 percent until June 10, 2000 an noconab of the liability for cuvrout service benefits. b. With respect to local safety members, the agency shall contribute One following percentages of monthly salaries earned as local safety members of said Retirement System; (1) 0,763 Percent until June 30, 2004 an account of tho liability for prior service benefits. (2) 25.865 percent until June 30, 2000 on account of the liability Or current service benefits. C. A reasonable amount, as fixed by the Board, payable in one M.- stallment within 60 days of date of contract to cover the costs of administering said System an it affects the employees of Public Agency, not including the costs of special valunbions or of the periodic investigation and valuations required by law. d. A reasonable amount, an fixed by the BoQr6, payable in one in- stallment as the occasions arise, to cover the costs of special valuations on account of employees or Public hgoncy, and costs of the periodic investigation and valuations roquired by law. 10. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of anandments to the Public Employees' Retirewout Law, and on account M the experience under the Ratiroment System as determined by the periodic investigation and valuation required by said Retirement Law. 11. Contributions required of Public Agency and its employees shall bi-, 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 proscribed by Board regulation. If more or less than the cor-, root 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 nmploye�-,, may be made by direct cash payments betuoen the employee and the SoRrd. Payments by Public Agency to Board may be made in the form of uaeranto, bank checks, bank drafts, certified checks, money orders or cash, D Tlal,s zimen dmc,!tit, sliaAA be attaoll,��, bo 2aid conbraou and U,� (-,ffcct:! �V� on t l IC Ist day of July 1984 Witness our hands the 1st March day Of C), 8 17',OARD OF ADMIDli'STRUION' CITY COUNCIL PURL EMPLOYEES' RETLR�P.e*,'ffl' SYSTLH OF THE CITY OF PALN SPRIIMCUS BY B Y :v"AWSLAND, A.pprovcd z),,, to form-. 'rT Offic,�, V1,UA CITY CLERK PERS G0N—*t02 ,SE n;SNT TO CONTRACT BETWEEN `i'hli BOARD OF ADi'lfid':iS'1_RATIO ..fry ix�TI i,1Al^pIT t�YSYrav eli73li.i., EMPLOYEES'ANT , _1b l_r .,_ -Amend A AGR 37 - to rov sn l �Lii� 1'.C�t�; � P g CITY r0UI1KL highest yr for retrmnt cmptn OF THE for Fire Safety Unit CITY OF 1ALK SPRINGS Ord 1171, 1-19-83 eff 2-27-83 The Board of Aami_t7s61'.;sf. on lPubiin E1P is 'G--o' Re?%j awmeat System, herein- after 3)ei`P?.{'i,& tO 00 Wayd, and the governing body of above public gh_ry, .hervihlrlJ.'ter Ve orrLd to am PU1J.1_ic Agency, having covered into n contract under date of Dece mbev 7, 1 5sv a' YCLl:E daCIf7y 1v 977 p and FS :•+111!973Edf,Gl oi' c.C';Llif: July M, 1965. JaLnn_ry 14, 1C175, jannary 1 , 1975, beptCY:'1 nr 5,, 1976; July 10, 077, October 15, 1978, and Aprii 29, 1979, olsich providoo for ,portly ,p;'.nion of Public Agency in said byszfan, Board and Public Ag ency t i,ava.bar rzgvoc 2s coilotrs: a ra d" Paragraphs,�.,rl9..U. 1 T.C'dTOL1g1i 10 are ),eS'EitiJ;% stricken __"U'ot E'w j.d Cp2?l7'Ct'.41; no Cns(a1'f;e tJ eiaec'i;:L,n April 29, 1979 °i'1d tle_ .:±b r.��7Lar.:wd "tr. ., �� T� ,,, y ' 1 v � = a._ o ri._1�' l.,_r.°e g*°apll„ numberod 'i through 10 ;.ncltils:.Lvec I . xal wov6s and teins uund herein, which ore dc,i"aA-ud i;, ;ho Pu 1:, D c, W'Q.I.Gjt'3Y'E7 :I C''ui_.P3f.GFAi; law Eib'.fl-Ll have 'L't'te Mc?Fii;i=i,Tir as do0and therein unless othebti iro e;p@'cifiB:01;yr protr7.t1& "Noi.'mal. rotiremenn " shall. moan 8,, 60 for loc„l miscellaneous ::v.'nd age 50 fur local safety 2. Public Af;+3?1cy shall participate in the r'72blic 11lpiliAyoos' li,uti.""_tlfen-t: System from and attar January 1 , 1957 mAking its amployces barcinaftur providad„ members of said 3,yetem oubjec, to all provision.] Of the Public Employees' Retirement Law e.�,pepl i u 1 raj as ,Y > al_n_raly only on 010000n Of .. c0ntrmallng 090W and Lze 10e Provided ='0^ 1'?¢i'}" ;:j.Yl ak111 to all SIYRC:h(iS;Gants to said Lim 11e.1"oafsor [.Yt.sated exeR}p4 much rim by 0".wp sso.. provisions Karoof td' pJ7 only on he tr.t.t'ution of coi af,retin, 1.. Csnplo.yoen of Public Agency in the following Ciasnos shall 'bouinn Member* Of ,said Retirement Sy: rom except sue.n to oach such class. are :.__n. tided by 1&w or this cJgre umunz; +.e. Loco Fireman Wroln ,referred to as local ,.,, 'ety members); b. bocci Polic3men (heroin referred to as local onfazy moiIllora); C. Employees pthev thw;n local m-d3S41"lt 37is?II1bw'ps (_P'IRJ.oin Ti;rewynd to na, local misceliai;teour_, members).