Reso 0894-10/1990 RESOLUTION NO. 894
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
VALLECITOS WATER DISTRICT
EXPRESSING INTENT TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN
THE BOARD OF ADMINISTRATION
OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE BOARD OF DIRECTORS
OF THE VALLECITOS WATER DISTRICT
WHEREAS, the Public Employees' Retirement Law permits the participation
of public agencies and their employees in the Public Employees' Retirement System
by the execution of a contract and sets forth the procedure by which said public
agencies may elect to subject themselves and their employees to amendments to
said Law; and
WHEREAS, one of the steps in the procedure to amend this contract is
the adoption by the governing body of the public agency of a resolution giving
notice of its intent to approve an amendment to said contract, which resolution
shall contain a summary of the change proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 20862.8 {Credit for Unused Sick Leave) and
Section 20930.3 {Military Service Credit as Public Service) for
local miscellaneous members;
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 does hereby
give notice of intent to approve an amendment to the contract between the said
governing body and the Board of Administration of the Public Employees'
Retirement System, a copy of said amendment being attached hereto as "Exhibit A"
and by this reference made a part hereof.
PASSED AND ADOPTED by the Board of Directors of the Vallecitos Water
District at a regular meeting held on this 15th day of October, 1990, by the
following roll call vote:
AYES: Burton, Ferguson, Mason, Newport
NOES:
ABSTAIN:
ABSENT:
ATTEST:
Dale Mason, President William W. Rucker, Secretary
Board of Directors Board of Directors
Vallecitos Water District Vallecitos Water District
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A~ TO CONT~C~
BOARD OFAD~INISTRATION
OF T~
P~LIC ~S' R~I~SYST~
~T~
~D OF DIR[~RS
OF T~
V~LEI~S WAT~ DIS~I~
The Board of Administration, Public Employees' Retirement System, hereinafter
referre~ to as Board, ana the ~overnln~ bo~y of above public agency,
hereinafter referred to as Public Agency, hayin9 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 A~ency
in sai8 System, Boar~ and Public A~ency 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 followin9 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 aefine~ therein
unless otherwise specifically provided. "Normal retirement age"
shall mean age 60 for local miscellaneous members.
2. Public A~ency shall participate in the Public Employees' Retirement
System from and after January 5, 1968 makin9 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 contractin~ agency an8 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 Aeency in the followin9 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 aSdition to the classes of employees excluded from membership by
said Retirement Law, the followin9 classes of employees shall not
become members of sai~ Retirement System:
a.S~Y~Y~S.
*** COPY ~**
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 b-etween the employee and the
Board.
B. This amendment shall be eff~.~ve on the day of
{~19
BOARD OF ADMINISTRATION ~ BOARD OF DIRECTORS
PUBLIC EMPLOYEES' RETIREM~.eYSTEM OF THE
. VALLECITOS WATER DISTRICT~
BY ~ BY ~'
CHIEF, CONTRACT S,~ICES DIVISION Presiding Officer ~
PUBLIC EMPLOYEES'-~ETIREMENT SYSTEM '~;
4~ Witness Date J~
Attest: ~
Clerk ~
PERS-CON-702 (AMENDMENT) ~
(Rev. 6/88)