ORD 095 ORDINANCE NO. 95
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES AUTHORIZING AN
AMENDMENT TO THE CONTRACT BETWEEN THE CITY
COUNCIL AND THE BOARD OF ADMINISTRATION OF
THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT
SYSTEM
THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES DOES ORDAIN AS FOLLOWS:
Section 1. That an amendment to the Contract between the City Council of
the City of Rancho Palos Verdes and the Board of Administration, California Public
Employees' Retirement System is hereby authorized, 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.
Section 2. The Mayor of the City Council is hereby authorized, empowered,
and directed to execute said amendment for and on behalf of said Agency.
Section 3. This Ordinance shall take effect thirty (30) days after the date
of its adoption, and prior to the expiration of fifteen (15) days from the passage
thereof shall be published at least once in the Palos Verdes News, a newspaper of
general circulation, published and circulated in the City of Rancho Palos Verdes
and thenceforth and thereafter the same shall be in full force and effect,
PASSED, APPROVED AND ADOPTED this 21st day of February, 1978, by the follow-
ing votes:
AYES: COUNCILMEMBER SHAW, RUTH, DYDA, BUERK, AND MAYOR RYAN
NOES: COUNCILMEMBER NONE
ABSENT: COUNCILMEMBER NONE
0
ATTEST:
LEONARD G. WOOD, CITY CLERK &
EX OFFICIO CLERK OF THE COUNCIL
()o
61IT2/(fCLE
I HEREBY CERTIFY that the foregoing is a true and correct copy of Ordinance
No. 95 passed and adopted by the City Council of the City of Rancho Palos Verdes
at a. meeting thereof held on the 21st day of February, 1978 and that said Ordinance
was posted pursuant to law.
CI CLERK6
EXHIBIT "A"
Ordinance No. 95
car "HIS
TUTtM
MLIc MWWYW# at= yrs
CITY or PAWS
Us ftsrd of Advda3etitati , ► AWpIDYassr Re t opt hsreiar-
+eftas v-e#evrm+d to as '"Sotrd"10 and ahaWd"re� '��dj► 08 ab�vs �► sgenay,
harsFter arefert*4 to as r11a hwlimg entered ;knto a +cMtraot
=&WAats of October .15 197i, of faa var ..� av 10 1.974, aft p�cavf�s f+o�r
Cia, +► of Pubiia Agate► in 8&14 8"tea, D"t4 and Ft"14 basky
agma as follows
A. 1 7 am bevOy stvUkes ftoa a + ft"It ss Vie@
eFfe4Ci" Vie+ +ar I, 7L9740 end & ► Veploftd b9 tM faUvwfta pare—a
w" 1 ftjugb 8 gta+a'�w►ie:
14 words ftd tu-m used henks rh1ch are &-ffted ft- the Prb1l.�
Haogrlay*"# Rat-13re"ant 1+aW swal ha►ft them ai as defined therein
�3.e,�ste�
ostrd.+ee iS'i.Eaa1T.V gtwri4e#• "ftl rstis �
waa►� sg�"
shear wee 60 -for +mella w usnba►w.
$» 1J,3.a . a�► �1�. �►s�lt�e i� the �i�e
Systemf�a► and -after r�e�t 1# 1974, � � �e** xs
ru t g�ra�ri+�d„ airs of e�ed+� yrs +r�,��is to aa.�. 0"Vi- 910"
ot public 10yowt 3rM Law a pi sugh as 6PPl7 'fir on
aIs�tim +�.' a stMtr"t WL � d sits oat pYa ted for haridn
end toa�A. ��s to 8"d. Law �saar et+�1 ca rt awl as
b3► era�eess Prim-10 e tberoa qpAY Mly on aleat3m of 6atxact4smg
3. of �t►X�a y Ott the P�.�.a�rl� eltte►�+r� s1t�33. beams
►�s� of a Rix-t1f,rest. Systaa rt such In eaah ata CUaffi
as +mss am IudrMB by �aw of 1 atgr �i
a. 21AP10YOGSer r -than a►I "SsCy *=beTa (bOXOU ta*fG=sd ta its
�de�wwrlla ►us +ars).
In add4.�l�c+�a oto rr�sse +a � of ,e�p3�c►�ea �acc� d frM Mewbalsh9p by
sand Etatir"Gat * ate fo12 1. ' eoe of emloyaw sha11 not
boas= ni ers of odd u%wat eptant
Lpc,AL If INAn POt.ICMM
wM
�s
Rot, Form 702-ol.
�►,� M" i�ta�a�#�+�a► st fel ice► �o b� provided sx� y�a�-of
�d�f t�►d pry eud �t �si;t s�+ ens asa s+�s�;a � ahs
'be do &A 1u- - "carAsnae with $"tUin 51*13 of UtIven"t
bra (2t at at* 60).
5. MW !a additiana3Ep r i,ow of the P' l ►;L+o +�t� �0►1�. 6
'AV AIA apply. *a-Y n eatima of a e►WI6 1�+
het t P&1340 aod Its envInesst
a. Sseaow 2143388 (prowldl" for allawanaw for s "viv+-Wue
of s ena cvnrer*d v 'r the 1959 SVOc*$ PrWas UPOUtie
*=bar.';"* death before "Uram"t).*
8. FldbLtaca A89my sholl contribute to said Retirement System -as ftZlmm:
With mopeat to Moab 8,0 the agancy. ah
gmtr. lbute the per+a�a+r of � -Y sees
(1) 0.100 pereaat uatU .#fie 30, ; eu► AWwvat of the
U.ttq for PcIoae serrr9,ee beaefits.
(2) 9.750 percent on eccomt of the UabUfty for current
vervi.ae bstaefits.
(3) 1.000 p.+arame o* aaaaunt of the 11ab +Gy tvX the
1959 aurvivor Prourm.
#s. A reasonable a 1 i,11111 POW a+c�y as iImd by the Board t to"r
tie ,oofto � Csaid System as.it afteats the
+employe of l�W).Uc y,* not Win& CM 4ests of epee. .
vaivatleas or of ths gyri e€sQ9.gation MA vailuatio"
required by moi.
e. A seaanonabla to tMaM by the eble is +tee
to tt as the Oa+ce"9."ue► ar3:se, -to come the *"to Of
and to -of the p. ar�a . t fiiaaao and vWxotims
�red b y. fir.
7* Co"tributlow raquirA of ►Ue -1goo +ped its ate. be
subject to adgustaeat by 9 d on D 313 t of awro slawto to wee
E'ublia .iogawI Rot. tIAWSasp#. +aqa► of 02weeunse
��e�s r t.�.�cm t ate e�ttes�ta� -b7. the was#. .+ Wa1.
hav"tlgattcn and vaUatlon vaquired by $sem# Ae� Oft aC �a�r.
CoutrOutions Vaquired of PubUe Agemy and Its amployew �
be paid lby Pt*11 ar Agency to the Rativemut Systm within thirty
vefer ar ao my be preserOod by **v4 TvV4* -.t It so= or
�a than. the correct ammo of ibut� Is "Id .1
pe
r.� # proper jumt WSJ WIn comaeo-U. + vith
0'60+ ►t r.WA *Ajustwlats AM of tire`s
41"tit C the eyes- and Was xpud
s� �� o �� made � �
W IM
_14i11 Wt ObaM.d- to said - tract OW. fthaJ1 be affsetive ou
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