Reso 1124-08/2000RESOLUTION NO. 1124
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
VALLECITOS WATER DISTRICT AUTHORIZING AN AMENDMENT TO THE
CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND
THE BOARD OF DIRECTORS OF THE VALLECITOS WATER DISTRICT
WHEREAS, the Board of Administration of the California Public Employees'
Retirement System and the Board of Directors of the Vallecitos Water District entered into
a contract effective on January 1, 1968, providing for the participation of said public agency
in the California 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 governing body authorized, and
it does hereby authorize, an amendment to said contract, a copy of said amendment
attached hereto and by such reference made a part hereof as though herein set out in full;
and
NOW, THEREFORE, BE IT FURTHER RESOLVED, that the presiding officer of said
governing body is hereby authorized, empowered and directed to execute said amendment
for and on behalf of said public agency.
PASSED AND ADOPTED by the Board of Directors of the Vallecitos Water District
at a regular meeting held on this 16th day of August, 2000, by the following roll call vote:
AYES: DAVY, FERGUSON, HANNAN, MASON, CRUZ
NOES:
ABSTAIN:
ABSENT:
ATTEST:
William W. Rucker, Secretary
Board of Directors
Vallecitos Water District
and Cruz, ''siden
oard of Directors
Vallecitos Water District
Resolution No. 1124
Page 2
11)�
CalPERS
California
Public Employees' Retirement System
AMENDM
DM EN
0 CONTRACT
Between the
Boards of Administration
California Public Employees' Retirement System
and the
Board of Directors
Vallllecitos Water District
istrict
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
January 5, 1968, and witnessed December 4, 1967, and as amended effective October
20, 1982, November 20, 1990 and June 30, 1993 which provides for participation of
Public Agency in said System, Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 11 are hereby stricken from said contract as executed
effective June 30, 1993, 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.
Resolution No. 1124
Page 3
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 21354 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 and elects to be subject to the following optional
provisions:
a. Section 20042 (One -Year Final Compensation).
b. Section 20965 (Credit for Unused Sick Leave).
c. Section 21024 (Military Service Credit as Public Service), Statutes
of 1976.
d. Section 21548 (Pre -Retirement Optional Settlement 2 Death
Benefit).
7. Public Agency, in accordance with Government Code Section 20790,
ceased to be an "employer" for purposes of Section 20834 effective on
October 20, 1982. Accumulated contributions of Public Agency shall be
fixed and determined as provided in Government Code Section 20834,
and accumulated contributions thereafter shall be held by the Board as
provided in Government Code Section 20834.
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:
Resolution No. 1124
Page 4
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 17th day of
August 2000.
BOARD OF ADMINISTRATION BOARD OF DIRECTORS
PUBLIC EMPLOYEES' RETIREMENT SYSTEM VALLECITOS WATER DISTRICT
BY BY
KENNETH W. MARZION, CHIEF PR ING OFFICER - ymond Cruz
ACTUARIAL & EMPLOYER SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
August 16, 2000
Witness Date
Attest:
Clerk - William W. Rucker
AMENDMENT
PERS-CON-702A (Rev. 8\96)