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2012-11 PERSORDINANCE 2012 -11 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ENCINITAS AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF ENCINITAS AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM The City Council of the City of Encinitas does ordain as follows: Section 1 That an amendment to the contract between the City Council of the City of Encinitas and the Board of Administration, California Public Employees' Retirement System, is hereby authorized, a copy of said amendment being attached hereto, marked "EXHIBIT ", and by such reference made a part hereof as though hereon set out in full. Section 2. The Mayor of the City Council is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency. Section 3. This Ordinance shall take effect thirty (30) days after the date of its adoption and prior to the expiration of nine (9) days from the passage thereof shall be published at least once in a newspaper of general circulation, published and circulated in the City of Encinitas and thenceforth and thereafter the same shall be in full force and effect. This ordinance was introduced on August 22, 2012 Adopted and approved on this 12th day of September, 2012, by the following vote to wit. AYES: Barth, Bond, Gaspar, Muir. NAYES: None. ABSENT: Stocks. ABSTAIN: None. Kristin aspar, Deputy ayor of e City of Encinitas ATTEST: Kathy Ho4lywooJ, City Clerk CaIPERS California Public Employees' Retirement System ANMI /IM Between the Board of Administration California Public loyees' Retirement System and the City Crouch City of Encinitas 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 October 31, 1987, and witnessed October 1, 1587, and as amended effective June 22, 1990, January 13, 1996, June 14, 1997, December 26, 1998, April 26, 2001, December 1, 2042, June 21, 2003, July 2, 2005 and June 23, 2012 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 23, 2012, and hereby replaced by the following paragraphs numbered 1 through 16 inclusive: All wards and terms used herein which are deterred 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 entering membership in the miscellaneous classification on or prior to the effective date of this amendment to contract, age 60 for local miscellaneous members entering membership for the first lime In the miscellaneous classification after the effective bate of this amendment to contract and age 55 for local safety members. Last printed 9/13/2012 8.49.00 AM 2. Public Agency shall participate in the Public Employees' Retirement System from and after October 31, 1987 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 Employeee Retirement System (CalPERS) 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- CalPERS 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 CalPERS 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 Law. (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 355, 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. Last printed 9/13/2012 8:49:00 AM (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 became members of said Retirement System except such in each such class as are excluded by lawn or this agreement: a. Local Fire Fighters (herein referred to as local safety members); b. Ocean Beach Lifeguards (included 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: a. POLICE OFFICERS. 6. This contract shall be a continuation of the contract of the Encinitas Fire Protection District and Encinitas Sanitary District, hereinafter referred to as "Former Agency". The accumulated contributions, arts and liability for prior and current service under the Former Agency's contract shall be merged pursuant to Section 2 0508 of the Government Code. Such merger occurred June 6, 1955. 7. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment before and not on or after July 2, 2005 shall be determined in accordance with Section 21354 of said Retirement Law (2% at age 55 Full). 8. The percentage of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member in employment on or after July 2, 2005 and not entering membership for the first time in the miscellaneous classification after the effective date of this amendment to contract shall be determined in accordance with Section 21354.5 of said Retirement Law (2.7% at age 55 Full). 9. The percentage of final compensation to be provided for each year of credited current service as a local miscellaneous member entering membership for the first time in the miscellaneous classification after the effective date of this amendment to contract shall be determine in accordance with Section 21353 of said Retirement Law (2% at age 60 Full). Last printed 9/13/2012 8 49:00 AM 10. The percentage of final compensation to be provided for each year of credited prim and current service as a local safety member shall be determined In accordance A ft Section 21363.1 of said Retirement Law (3% at age 55 Full). 11. Public Agency elected and elects to be subject to the following optional provisions: a. Section 20938 (Limit Prior Service to Members Employed on Contract Gate) for local miscellaneous members and ocean bead lifeguards only. b. Section 21573 (Third Level of 1859 Survivor Benefits). C. Section 20042 (dine -Yeas Final Compensation) for local miscellaneous members and for those local fire members entering membership on or prior to June 23, 2012 and ocean beach lifeguards entering membership on or prior to the effective date of this amendment to contract.. d. Section 20965 (Credit for Unused Sick Leave) for local fire members only. e. Sections 21624 and 21626 (Post - Retirement Survivor Allowance) for local fire members only. f. Section 20903 (Two Years Additional Service Credit) for local miscellaneous members only. g. Section 20475 (Different Level of Benefits). Section 20037 (Three - Year Final Compensation) is applicable to local fire members entering membership for the first time in the fire classification sifter ,tune 23, 2012. Section 20037 (Three -Year Final Compensation) is applicable to ocean beach lifeguards entering membership for the first time in the ocean beach lifeguard classificaton after the effective date of this amendment to contract. Section 21353 (2% @ 60 Full formula) and Section 20037 (Three Year Final Compensation) are applicable to local miscellaneous members entering membership for the first time in the miscellaneous classification after the effective date of this amendment to contract. Last printed 9/13/2012 8:49:00 AM 12. Public Agency, in accordance with Government Code Section 201834, shall not be considered an "employer' for purposes of the Public Employees' Retirement Law. Contributions of the Public Agency shall be fixed and determined as provided In Government Cade Section 201834, and such contributions hereafter made shall be held by the Board as provided in Government Code Section 20834. 13. 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 members of said Retirement System. 14. 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 21573 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 members. b. A reasonable amount, as fbted by the Board, payable in one installment within 80 days of date of contract to cover the costs of administering said System as it affects the employees of Public Agency, not including the casts 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. 15. 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. Last printed 9/13/2012 8.49:00 AM