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Reso 0896-11/1990 RESOLUTION NO. 896 RESOLUTION OF THE BOARD OF DIRECTORS OF THE VALLECITOS WATER DISTRICT AUTHORIZING AN AMENDMENT TO THE CONTRACT OF THE VALLECITOS WATER DISTRICT AND THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM 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' 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 by the Board of Directors of the Vallecitos Water District as follows: The Board of Directors of the Vallecitos Water District authorized, and does hereby authorize, an amendment to said contract, a copy of said amendment being attached hereto and marked as "Exhibit A", and by such reference made a part hereof as though herein set out in full. The presiding officer of said Board of Directors of the Vallecitos Water District is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Vallecitos Water District. PASSED AND ADOPTED by the Board of Directors of the Vallecitos Water District at a regular meeting held on this 19th day of November, 1990, by the following roll call vote: AYES: Burton, Ferguson, Gregoryk, Mason, Newport NOES: ABSTAIN: ABSENT: ATTEST: Vallecitos Water District Vallecitos Water District AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE 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 January 5, 1968, and witnessed December 4, 1967, and as amended effective October 20, 1982, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 9 are hereby stricken from said contract as executed effective October 20, 1982, 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 60 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 21251.13 of said Retirement Law subject to the reduction provided therein for Federal Social Security (2% at age 60 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 in- stallment 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 in- stallment 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 20th day of November 1990 . BOARD OF ADMINISTRATION BOARD OF DIRECTORS PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE VALLECITOS WATER DISTRICT N r~d~ng OffSet PUBLIC EMPLOYEES' RETIREMENT SYSTEM November 20, 1990 Witness Date Attest: Clerk PERS-CON-702 (AMENDMENT) (Rev. 6/88) AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF 'ruz PUBLIC EMPLOYEES' RETIRIff4ENT SYSTEM ' AND TMM BOARD OF DIRECTORS OF TUZ VALLECITO-q W~TER 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 January 5, 1968, and witnessed December 4, 1967, and as amended effective October 20, 1982, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 9 are hereby stricken from said contract as executed effective October 20, 1982, 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 60 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 (hereln 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 21251.13 of said Retirement Law subject to the reduction provided therein for Federal ' Social Security (2% at age 60 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 in- stallment 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 in- stallment 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 20th day of November , 1990 BOARD OF ADMINISTRATION BOARD OF DIRECTORS PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE VALLECITOS WATER DISTRICT BY CHIEF, CONTRACT SERVICES DIVISION PUBLIC EMPLOYEES' RETIREMENT SYSTEM November 20, 1990 Witness Date Attest: Clerk PERS-CON-702 (AMENDMENT) (Rev. 6/88)