HomeMy WebLinkAboutOrdinance 1256 (MCERA)CLERK'S CERTIFICATE
I, MARION A. GRADY, City Clerk of the City.pf San
Rafael, and Ex -officio Clerk of the Council of said City do
hereby certify that the foregoing Charter Ordinance Mo.1256
entitled:
An Ordinance of the City Council of the City of San
Rafael terminating the contract between the City
Council and the Board of Administration of the
California Public Employees' Retirement System and
for inclusion of employees of the City of San Rafael
in the Marin County Employees' Retirement Association.
is a true and correct copy of an ordinance of said City, and
was introduced at a regular meeting of the
City Council of the City of San Rafael, held on,the 4th
day of April 19 77 Published as re-
quired by City Charter in the Independent Journal
a newspaper printed and published in the City of Sam Rafael and
passed and adopted as an ordinance of said City at a
regular meeting of the City Council of said City held on the
18th day of April 19 77 by the following
vote, to -wit:
Ayes: Councilmen: Jensen, Miskimen, Mulryan, Nixon and Mayor Bettini
Noes: Councilmen: None
Absent: Councilman: None
WITNESS my hand and the official s al of
the City San Rafael this fo- official
of
.�' 19 77
MARION A. GRADY, City Clerk
RANEE Bl1i_ %Q
D.S; - 'a ut City Clerk
ORDINANCE 140. 1256
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
TERMINATING THE CONTRACT BETWEEN THE CITY COUNCIL AND THE
BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND FOR INCLUSION OF EMPLOYEES OF THE CITY
OF SAN RAFAEL IN THE MARIN COUNTY EMPLOYEES' RETIREMENT ASSOCIATION
THE CITY COUNCIL OF THE CITY OF SAN RAFAEL DO ORDAIN AS FOLLOWS:
DIVISION 1. The Agreement for Termination of Contract be-
tween the City Council and the City of San Rafael and the Board of
Administration of the Public Employees' Retirement System and for the
inclusion of the employees of the City of San Rafael in the Marin County
Employees' Retirement Association is hereby authorized, a copy of said
Agreement being attached hereto, marked "Exhibit A", and by such ref-
erence made a part hereof as though herein set out in full.
DIVISION 2. The Mayor and City Clerk are hereby authorized,
empowered, and directed to execute said Agreement for and on behalf of
the City.
DIVISION 3. This Ordinance shall be published once in full
before its final passage in the Independent Journal a newspaper of
general circulation, printed, published, and circulated in the City of
San Rafael, and shall be in full force and effect thirty (30) days
after its final passage.
Attest:
MARION A. GRADY, City rk
,i /17
C. PAUL BETTINI, Mayor
The above and foregoing Ordinance No. 1256 was read and
introduced at a regular meeting of the City Council of the City
of San Rafael, held on the 4th day of Apri 1977, and ordered
passed to print by the following vote, to -wit:
AYES: COUNCILMEN: Jensen, Miskimen, Mulryan, Nixon and Mayor Bettini
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
and will come up for adoption as an Ordinance of the City of San Rafael
at a r lar meeting of the Council to be held on the I dayof
April 1977.
MARI N A. GRADY, City C1 k
EXHIBIT "AI'
1'M T11"RMIINATI0.1 OF C0171T13A.CT
(,.CiY I,UUiiCIh OF TME, (,.I'iY Op
1P; ,A!�L AI4D TILE BOAUD OF AM1I111 TFL.TION
_.. IilliLz E:rII LOi)s21S1LETIItir.,L.IIP .,Y..,1E.,,
MID `1'1111? 13MIiI) 0?P SUI'EIRVISORS OF TIII: COU'11`PY
O L' 0111111 "aM '20 PROVIDE' FURTHER FOR TEE
111CLU'4011 OP TII�; 1?:4PLOYEES OF TID] CITY OF
:1!li-1 1VL1`.AE:I'., IT1 `111` IdARII1 COUNTY EN11:1LOYEE31
ASSOCIATI0:1
'1111Ei'1;AS, tale CiLy Council of the City of San Rafael and the Board of
Administration, Publ.ii: B;Ilployees' Retirement System entered into a contract
pursuant to Sections ,0450-20532, Government Code, for the participation of
e:apio3,oes of the City Council of the City of San Rafael as members of the
Public Employeeo' I (LIti re)rent System effective July 1, 1957; and,
"IfIf •;FIirAS, Section 20;09 of the Government Code provides that the participa-
tion of a contraetin,agency in the Public Employees' Retirement System may
be te-r.)rlinated if the Board of Administration, Public Employees' Retirement
System, the governing, body of the contracting agency and the Board of Supervisors
of a county riai.ntaini)) ; a retirement system under the County Employees' Retire-
ment Law of 1937 erte.r.• into an agreement for such termination and inclusion
of the contracting agency's employees in the County's retirement system; and;
I;7'ERLASI the City Council of the City of San Rafael, the Board of
Lr. ation, Public LImployeea 1 Retirement System, and the Board of Supervisors
of Li:e County of Mnri.n de: -ire to enter into agreement in conformity with
Section 20569, Govern_;ont Code.
NO'Y, TI1BILWFORES, the City Council. of the' City of San Rafael (hereinafter
City), �id tie Board of Supervisors of the County of Marin (hereinafter County),
and the Board of Admi.r)_istration, Public Employees' Retirement System (hereinafter
System) agree as follows:
1. The contract entered into by and between the City and the System on
July 1, 1957, pursuant to Sections 20450-2052, Governqient Code, and amended
effective December 1, 1957, January 1, 1958,'March 2, 1959, January 1, 1969,
October 1, 1969, 11arch 1, 1971, October 1, 1.973, July 1, 19747 and March 1,
1977, is terminated effective June 30, 1977:
2, Payments Of ullovrances to persons retired, or to beneficiaries of
deceased members or of retired persons , under the System based on service as a
member while e"APloyed by -the City shall ba made by the System for time through
June 30, 1977• PaYMent of any basic death benefit, or lump sum death benefit, r
because of death of it member or of a retired person on or before June 30, 197.7 1
shall be made by the, Uystem.
3. The System sliall have no liability for payment of any allowance to
or with respect to a retired person for time on and after July 1, 1977, or for
pryment of any refund to a member or any benefit because of death of a member
on or after July 1, 1977, and all such 1jability shall be assumed by the County.
/ , Jr
t'_ro:' ,nt cyste:a :.hall be 17rflbl-e for all benefit,
c=., or r1'_''tt:r July 1, 1977, as protii:E1d 'in kctivtl 205692
CU\i'J'1'1!1G'll'L LGC.e.
�y
5. The 3y ,; LL:=t to tiho I.'„ tployeE:;;' Ike i,iremen l: .rwlci in the
Coni-it.y Treasury by v;ar-cal_t o" the _"taLe Controller the-u;Lount determined a:j
1:1.:'r�.i.iCi I"CJ.`:i tl 1'C1�1E t �11t:LC,, t -De valuu of the 111t•'_ri ;t:; in the Public-
'
ublic
fI'unci of ti,: W.ty and e.,pIc;;cc , credited 'rjj. h a:.ca:rul«led coatribu•-
iicth:, c:., rl.t tic:Js u!;d'r the City's contract with the Sy;;teiu.
6. In order to dater;oine the tat?ount to be trarlslaitted pursuant to
Puy u;;rLgA1 5, the follocrin� 1-Unounts shall be determined:
a. Thr wiount of the accumulated contributions held in
active Laid retired member accounts as of June: 30, 1977,
derived from, coritributions required of a member by reason
of the City's contact with the System,
b. The wac arit of the accumulated Gortributions 'yield in
the City's accounts as of June 30, 1977, de.cived from
contributions required of the City by reason of: the
City's contract with the System.
7. `file ;unount to be transmitted pursuant to Paragraph : shall be deter-
mined as follows:
The swn of 6(a) and 6(b) shall be multiplied by a quot-lent.
Thf; di-vidend of the quotient shall be the ;,uui of the total
market va=lue of securities of the Public Fmployees'
.letirement- System as nublichpd. in the aruua:i7, report of
the' Syolueia for Fiscal Year 1976-77, plus accrued incon:,-
on investments, cash, member and employer contributions
receivable from employers, investment p:rinc'ipal in course
of collection, interest irk course of collection, less
retirement benefit claims lin proceps of payment and
interest on investments paid in advancQ at June 30, 1977.
The divisor of the quotient sha,11 be the total'of employer
and. employee contributions credited under the System as
of the same date,
6, The System shall transmit 85 percent of the val.uea in the accounts
1:c:LJ, ft.Cd in Paaagraph 61 as reflect -ed in the System's accounts as of the
Late:- ctxrplt ted ulorltliLy cloning on record as of June 30, 1977, to the
Bmployae �' Rc:tiremert Igmd in the County Treasury, pursuant to Paragraph 5,
wit:cain 15 days following the effective date of termination of the contract
entered into by and between the City and the System or rri.thin 15 days following
the hate this Agreement is executed on behalf of the System, whichever is later.
N
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�: - '. t+c: ,; . a w ._i_!.
County 9'rmmui , 1 u' ,anm
detenainud in ._ ..m, r pll ';
S %,._iti:in ;U cvui ro
Un noni.t: to the
Lo J'trtyrunh 0, the
wid the ,L'`iC)nat !xannmi
Wu d teminrLtILM
iiet_irument.
diffeinneu betweUri
tied as provided
Of the value of the
A! Lnd in the
the Wnount r10
in Parngr yl
interests Q
the J. ablic 0WHyce
' Roll
of 1110
(Ii. -',.y rLnd c-ii,ployees
credited with
acCMa dntLd
c:oM•i.LUMu!:_
-L, undur the
Gi ty l o contract with
the Uystem.
Dated
Approved as to Pom
Dated:
Approved a: to Form
Dated:
Approved as to Fr:u
:1Y
13011rLD Old OP TI11i:
PUT3LIC 3iS'.VE'1
BY
CITY COUNCIL OP' THE CITY OF SMI Rt FAEL
Im
Attest:
BOARD OF SUPERVISORS OF Nit RIN COUNTY
BY
Attest:
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