Reso 0945-06/1993 RESOLUTION NO. 945
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE VALLECITOS WATER DISTRICT
APPROVING AN AMENDMENT TO THE CONTRACT
BETWEEN THE BOARD OF ADMINISTRATION
OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE BOARD OF DIRECTORS OF
THE VALLECITOS WATER DISTRICT
WHEREAS, the Board of Administration of the Public Employees' Retirement
System and the Board of Directors of the Vallecitos Water District entered into
a contract effective on January 5, 1968, providing for the participation of said
Vallecitos Water District in the Public Employees' Retirement System; and
WHEREAS, it is now desirable to take advantage of certain benefits provided
under said Retirement System and not included in said contract;
NOW, THEREFORE, BE IT RESOLVED, that said Board of Directors authorized,
and it does hereby authorize, an amendment to said contract, 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; and
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Vallecitos
Water District at a regular meeting held on this 16th day of June, 1993, by the
following roll call vote:
AYES: Cruz, Ferguson, Gregoryk, Mason
NOES:
ABSTAIN:
ABSENT: Newport
Vallecitos Water District Vallecitos Water District
0001364.WP
AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BOARD OF DIRECTORS
OF THE
VALLECITOS WATER DISTRICT
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 lanuary 5, 1968, and witnessed December 4, 1967, and as mended effective
October 20, 1982 and November 20, 1990, which provides for participation of Public Agency in said
System, Board and Public Agency hereby agree as follows:
A. Paragraphs I through 11 are hereby stricken from said contract as executed effective November
20, 1990, and hereby replaced by the following paragraphs numbered 1 through 11 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.
2. Public Agency shall participate in the Public Employees' Retirement System from and
after January 5, 1968 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. 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:
a. SAFETY EMPLOYEES.
5. The percentage of final compensation to be provided for each year of credited prior and
current service as a local miscellaneous member shall be determined in accordance with
Section 2 1251.132 of said Retirement Law subject to the reduction provided therein for
Federal Social Security (2% at age 55 Modified and Full).
6. Public Agency elected to be subject to the following optional provisions:
a. Section 20024.2 (One-Year Final Compensation).
b. Section 20862.8 (Credit for Unused Sick Leave).
c. Section 20930.3 (Military Service Credit as Public Service), Statutes of 1976.
7. Public Agency, in accordance with Government Code Section 20740, ceased to be an
'employer" for purposes of Section 20759 effective on October 20, 1982. Accumulated
contributions of Public Agency shall be fixed and determined as provided in Government
Code Section 20759, and accumulated contributions thereafter shall be held by the Board
as provided in Government Code Section 20759.
8. 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 of said Retirement System.
9. Public Agency shall also contribute to said Retirement System as follows:
a. 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.
b. 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.
10. 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.
11. 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 30th day of June ,19 93
BOARD OF ADMINISTRATION BOARD OF DIRECTORS
OF T ~
PUBLIC EMPLOYEES' RETIREMENT SYSTEM ~~
CITOS WATE
BY
CHIEF, CONTRACT SERVICES DIVISION c r
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
June 16, 1993
Witness Date
ARest:
PERS-CON-702 (AMENDMENT) Clerk
(Rev. 10/92)
Field Services Division
Employer Services Unit
P.O. Box 942710
Sacramento, CA 94229-2710
Telecommunications DeviCe for the Deaf - (916) 326-3240
(916) 326-3626
Employer Code: 0721
July 23, 1993
Darrell McMullen
Vallecitos Water Dist.
788 San Marcos Blvd.
San Marcoe, CA 92069
Dear Mr. McMullen:
Your agency amended its PERS contract to provide 2% @ 55 Full and Modified
formula for local miscellaneous members, effective June 30, 1993.
In addition to the above optional benefit, your agency has extended the
current and/or prior service funding period to the year 2011 effective as of
the same date.
Enclosed is a revised copy of your agency's Coverage Key to replace the one
currently in your PERS Procedures Manual.
Please feel free to contact me if you have questions.
Sincerely,
Retirement Specialist
Employer Services Unit
MH:car
Enclosure
California Public Employees' Retirement System
LIncoln Plaza - 400 P Street - Sacramento, CA 95814