HomeMy WebLinkAbout62-28RESOLUTION NO. 62-28
RESOLUTI ON ESTABLI SHI NG SPECIAL .A~V;LAT],O'N FUND. AND
AUTHORI ZING TRANSFER~ OF FUNDS THERETO: ..
The City Council of the City of Ukiah Does hereby
RESOLVE:
A Special Aviation Fund is hereby established for the
City of Ukiah pursuant to Section 21683 of the Public
Util'ities Code of the State of California for expenditures
solely for airport and aviation purposes at the Ukiah
Municipal Airport.
The Director. of Finance is hereby authorized and di-
rected to transfer into such fund for such purposes, the
sum of Two Thousand Five Hundred (~;2,5OO) Dollars.
Passed and adopted this/~day of March 1-962.
ATTEST:
Cl TY CLERK
CERTi FI CATi ON:
MAYOR //
I hereby certify that the foregoing Resolution was
duly and regularly adopted by the City Council of the City
of Ukiah at its regular meeting held on-March/~.., 1962.
CITY-, CL[ERK
Cl l'Y. OF 'UKI AH"
. .
:
The. follOWing employees shall be excluded fram ~ers.hlp
in said Retirement SYStem: .
Emp!oyees. who are paid on an hourly, per diem~ or ~eekl~/
bas~s and e.tl~loyed on a t'~.porary, emergency'or seasonal
bas i s o
1/60 shall be the fraction of final c~nsati~t to be
provided for each year of credited current service as a
miscellaneous =e~ber upon retirement at normal retirement
age, subject however, to. the .mall fatal,ion set ,forth, in
Paragraph 5 belo~o
The fraction of f.l.nal cumpeasatlon specified ,in Paragraph /~
shall be reduced to' 1/90 for al~llCatlen'to that part of final
ceapensation which ~s not exce~ ,the ~thlY e~!valent of -
t~ ~'~ .~.1 ~nt ,~clu~ in "~.;e:~ u~er $ecti-
209. S~,iat. SecUrity ACt,' It being reign z. that such
~xl~ ~y ~ chang~ fr~ t l~ to t l~. by ~~nt to
said S~iat Security Act a~ Int~d~ that *a~ such change
shall ~t affect the ~unt of any. retir~nt al l~ce
'based ~ service dur.ing ~y ~rl~ prior to t~ date of'~,such
change ~
6° Benefi'ts e. account of each year of prior service shai1 be
~ l'O0.percent of the fraction spool.fled in Paragraphs ~ and 5
above. '
7~
The retirement benefits payabl'e upon retireme.nt for ordinary
disability shall not be affected by .the modification pro¥ided
in Paragraph 5 of this ccmtract except that for the, pu,rposes-~
of the' t. lmit on any such allowance laq~sed under Section
21297. ~vera~ent Code, allowances for retire~ent.for- ~erV!ce
shall be c~ted according to the modified formula set
in Paragraph $ of the oontract. Al! other provisions of
this contract shall be fully appt lcable to the camputat'ion
of at lowances upon retirement for dlsabi ! ity.
Contributions shall be subject to Section 20601°5 providing
fora reduction in .rates of contribution as it relates to
that part of the .mnthly conDense'lion which does not exceed:
the reenthly equivalent of the maximum annual amount included
in "wages*' 'under SeCtion 209, Social Security Act, and 100
percent of such rate as it applies ;~o the remainder of the
month 1¥ ~nsat i on.
The fot le~'Ing provisions of the State Eraployees' Retirement
La~ ~htch apply only upon election of a contract i n? agency
shall *a~ly =o tl~e Public Agency and its employees.
ao Sectio~ 21251ol {providing for a guaranteed percentage
of final, cea~nsatton for each year of current service).
bo Section 21252°5 (providing for a guaranteed percentage
of final ce~nsat, lon for .each year of current service
for local safety ~~ers and a t~porary annuity to age
Co Section 2002~°0l (defining "final compensation'' on
basis of a period of three consecutive years).
(!oSec;:to~ 21258 (b) (providing a minimum retlrea~ent
~nc= of $720~OO per year).
S~c~ion 213~?~51 (providing a $i~i0oOO dea,:h ben~flt upon
c~ea~h after re~i rement ) o
°
°
fo
Section 2002,5. (providing for inclusion of c~apensation
t,~it'~ouC limit ~n c~u~ations where compensation is a
fac[or ) o
, .
0
Section 21365.5 (providing a menthly al Iowa.ncr In I ieu
of the basic death beaeflt for certain survtVors of a
member 'who dies in emplo~nt after qual i fylng for
voluntary service retirement).
ho
Section 2080/~o5 (providing lat.,an election by members to
contribute and receive current service credit for the
service rendered prior to membershlp)o ..
!00 Public Agmmy shall contribute to said Retirement System as
fo'llews:.
· .
aa 1.975..percent Of total salaries for 30 years on account of
the I I ab ! I i ty for pr i or servi ce 0
bo $..9~. I per.cent o_f total salaries paid by Publlc Agency
each mo~th to J ts .employees who are and hereafter became
members-of .said Retirement System, provided that only
salary earned as members of' sald System shal I be Included
in sald total .Salaries.
c o A rease~ab Je amount per annum, · as f fxed by Board to cover'
the'costs of admlfllsterl~g sal.d .System ns it affects~ the
ee~loyees of Publ.lc Agency,. net includ'Ing.the oosts of
specie1 valuations or of the perledical investlgatlon and
valuation required by law, provided that sald amount 'shall
be determined on the basis of the number of earl.yeas of
Public Agency who are .members on .July Ist of the respect-
ire fisca'l.~years, or.with~ respect 'to. the first year .of"
participation, on the effective date of said participation.
do A reasonable. :amount as fixed by the Board, payable In 'one;'
Installment as. the occasions arise, to cover costs of
,speclal valUations on account
Ageacy~ and Costs of the periodical I°yeas
Publ
ayes t ! gat i ea' ,,,~ '
valuat'Ion required by .law. '
11o Contributions required'of Public Agency and its emplOYees
shall be subject to adjustment by BOard 'on account of amend.-
m~.fnts to the State ' Employees' Ret i rement Law, and on' account
o the_experience, under the Retirement System, as determined
by the perlodlcal investigation and valuation required by said.
Retl rement ~LaWo.
o,
12. Contrlbutiens .required of' Public Agency amd ..its employees
shal I be'paid by .Public Agency to the Retirement System within.
thirty days after 'the end of' the'period to which said contri-
butlens refer. .If more or less than the correct amount of
contributions Is paid for any perlod, proper adjustment, shall
be made in connection with subsequent remittances, or adjust-.
meats on account of errors in contributions required of m'ay
employee ia6y be made by direct cash payments .bett~een '.the
empl~.ee and'.B~rdo Payments by Pub/lc Agency to Board may
be made i n fche form of warrants
car. ti fled 'checks, ma~ey orders~ or cash.
tness our hands th'is' __ day"of .. .
.... i ...... ii i J
II'OARO OF ADHI',NISTRATION
STATE EI4PLOYEES~'RET~REHE~T S¥STEH
C I TY COUNC I L OF THE
¢1T¥ OF UKIAH