HomeMy WebLinkAbout1401 - Public Employees Retirement SystemORDINANCE N0. X401 lei
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
• OF NEWPORT BEACH AUTHORIZING AN AMENDMENT TO
THE CONTRACT BETWEEN THE CITY COUNCIL AND THE
BOARD OF ADMINISTRATION OF THE CALIFORNIA
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
The City Council of the City of Newport Beach does
ordain as follows:
SECTION 1. That an amendment-to the Contract between
the City Council of the City of Newport Beach and the Board of Administration,
California Public Employees' Retirement System is hereby-authorized, 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.
SECTION 2. The Mayor of the City of Newport Beach is
hereby authorized, empowered, and directed to execute said amendment for and
on behalf of said Agency.
• SECTION 3. This Ordinance shall take effect 30 days after
the date of its adoption, and prior to the expiration of 15 days from the
passage thereof shall be published at least once in the Newport Harbor Ensign,
a newspaper of general circulation, published and circulated in the City of
Newport Beach, and thenceforth and thereafter the same shall be in full force
and effect.
This Ordinance was introduced at a regular meeting of the
City Council of the City Newport Beach held on the 26th day of July , 1971,
and was adopted on the 9th day of August 1971, by the following vote to
wit:
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ATTEST:
City Clerk
�Q��CERTIFIED 5 THE ORIGINAL
G7Y CLERK OF THE CITY O EWPORT FACH
DATE:
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AYES, COUNCILMEN: Hirth, Rogers, Parsons,
McInnis, Kymla, Dostal
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: Croul
-2-
DO'N:mh
7116171
AME1MMENT TO CONTRACT BETVIEER THE G1 - %AlU
BOARD OF ARiIN_TSTF.ATIOU
PUBLIC VXPL0TiEES' Ra^TIREIENT SYSTEM
AND VE
CITY COUNCIL
OF THE
CITY OF ?v'F tQGRT BEACH
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board, and the CITY COUNCIL of the CITY OF NENIA'ORT BEACH., hereinafter
referred to as Public Agency., having entered into a contract under date of April 27s
1945, effective July is 1945, which provides for the participation of Public Agency
in said Systems Board and Public Agency hereby agree as follows:
A. Paragraph 3 (d) shall be added to said contract:
3.(d) Lifeguards on ocean beaches (herein referred to as local safety
members).
H. The following sub - paragraph shall be added to said contract.
8 (g) Section 20019.3 (providing for inclusion of lifeguards on ocean
beaches as local safety members).
C. Paragraphs 9 (a) and 9 (b) shall be stricken from said contract and the
following paragraphs substituted therefore
9 (a) With respect to miscellaneous members., the public agency shall
contribute the following percentages of monthly salaries earned
as miscollSeous members of said System:
(1) 6,292 percent on account of the liability for current service
benefits.
9 (b) With respect to local safety ',embers, the public agency shall con-
tribute the following percentages of monthly salaries earned as
local safety members of said Systems
(1) 8.893 percent on account of the liability for current
service benefits.
D. This amendment shall be attached to said contract and shall become effec-
tive on the 18th day of September, 1971 .
Witness our hands this 20th day of August, 1971
BOARD OF AD.`1 ISTRATIOR
PUBLIC c +.PLOYrNES I R TIR.RIENT SYSTEM
William E. Payne, E cutive fficar
CITY COUNCIL OF TP.E
CITY OFF NIDZW'i ORT BEACH
BY l� ,
Presiding Officer
7p
Attests 'L.- ,
''Clerk( Of
Ret. Form 702
0
T
CSS� yZl�-iVh�. pp�
S~
EXHIBIT A
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Al-MM-04T TO CO'iTRACT BET::yEN THE
BOARD OF AMaNISTR6TIO
PUBLIC Ei PLOYEES' R TIPZrZ, tiT SYST !
AND THE
CITY COUNCIL
OF THE
CITY OF I0,TORT BEACH
The Board of Administration, Public Employees Retirement System, hereinafter
referred to as Board, and the CITY COUIiCIL of the CITY OF I'0A?ORT BEACH, hereinafter
referred to as Public Agency, having entered into a'contract under date of April 27,
1945, effective July 11 1945, which provides for the participation of Public Agency
in said System, Board and Public Agency hereby agree as follows:
A. ,Paragraph 3 (d) shall be added to said contract:
3 (d) Lifeguards on ocean beaches (herein referred to as local safety
members).
B. The following sub - paragraph shall be added to said contract.
8 (g) Section 20019.3 (providing for inclusion of lifeguards on ocean
beaches as local safety members).
C. Paragraphs 9 (a) and 9 (b) shall be stricken from said contract and the
following paragraphs substituted therefor:
9 (a) Nith respect to miscellaneous members, the public agency shall
contribute the follo ing percentages of monthly salaries earned
as miscellaneous members of said System:
.(1) 6.292 percent on account of the liability for current service
benefits.
9 (b) With respect to local safety members, the public agency shall con -'
tribute the following percentages of monthly salaries earned as
local safety members of said System:
(1) 8.893 percent on account of the liability for current
service benefits.
D. This amendment shall be attached to said contract and shall become effec-
tive on the day of
Witness our hands this day of
BOARD OF ALMIIISTRATION CITY CCUIMIL OF Try t!'.
PUBLIC M T- LOYF.ES' RETM& NP SYST&'4 CITY OF 1CUPORT BEACH. -
William E. Payne, Executive Officer c
Attest:
- Clerk