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10
as follows:
ORDINANCE NO. Y 4 12
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
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
beiin 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 October ,
1971, and was adopted on the 8th day of N ovembe,r,1971, by the following
vote to wit:'
AYES., COUNOILMEN: Kymla, Rogers,
Hirth, Croul, Dostal, Parsons
NOES, COUNCILMEN: None
ABSENT, COUNCILMEN: McInnis
�f_;45
Mayor
ATTEST:
Cit Clerk CERTIi .D AS Vic O^IGINAL AND
C[RTIFED AS TO ,^-U'_LICATION
(NOV 16 1911
=DATE _.....-
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ALc�''..Di•^ NT TO CTI .CT BE ME F THE
BOA-RD OF AD S IIST31TIOiI
PUBLIC :<a>LOYdLS' R.TIR. MMMI SYST04
AM THE
CITY COUNCIL
OF TKE
.. CITY OF IMaPORT B ACH
EXHIBIT A
The Board of Administration, Public Employees' Retirement System, hereinafter
referred to as Board and the CITY CUNCIL of the CITY OF ,M—?03T BEACH, hereinafter
referred.to as Public Agency having entered into a contract under date of April 27,
19115, effective July 1, 1945, and as amended effective :v;arch 1, 1948, November 1,
1951, April 1, 1956, and October 31, 1970, which provides for participation of ?ublic
Agency in said System, Board and Public Agency hereby agree as follows:
A. The following paragraphs shall be added to said contract:
8.(h) Section 21365.5 (providing a monthly allowance in lieu of the basic
death benefit for certain survivors of a member who dies in amploy-
meat after qualifying for voluntary service retirement).
8 (i) Section 21330 -7 (providing for allowances for survivors of members
covered under the program upon death before retirement).
B. Paragraphs 9 (a) and 9 (b) shall be stricken from said contract and the
following paragraphs substituted therefor:
9. Public Agency shall contribute to said Retirement System as follows:
a. 1-71th respect to miscellaneous members, the public agency shall
contribute the fclloi -..,ing percentages of monthly salaries earned
as miscellaneous members of said System:
(1) 8.15 percent on account of the liability for current service
benefits.
• b. 47ith respect to local safety members, the public agency shall
contribute the following percentages of monthly salaries earned
as local safety members of said System:
(1) 9.393 percent on account of the liability for current service
benefits.
C. This amendment shall be attached to said contract and shall become effec-
tive on the day of
BOARD OF ADI4TNISTRULTION
PUBLIC Z-- TLOYc.ES' RETEU -MIT SYSTEI4
BY "
William, 8. Payne, Executive Officer
Attest:
CITY COUNCIL OF THE r,.
CITY OF Iv' -1PORT B JJyy `t:
4 -, vir. IV
Ret. Form 702