HomeMy WebLinkAboutResolution No. 1404 X154
RESOLUTION NO./.4M4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
OF INTENTION TO ESTABLISH A "DEMED" RETIREMENT SYSTEM,
AND FOR OTHER PURPOSES
WHEREAS, the City of Downey, hereinafter designated as "Public Agency ",
desires to establish a "deemed" retirement system pursuant to Section 218(d)
^' (6) of the Federal Social Security Act composed of positions of members,
including members as defined in Section 22015 of the Government Code, of the
California State Employees' Retirement System, hereinafter designated as
"Present Retirement System ", desiring coverage, and to include services
performed by individuals employed by the Public Agency in positions covered
by said "deemed" retirement system, as members of a coverage group estab-
lished by Section 218 (d)(4) of said Act, in the California State Social
Security Agreement of March 9, 1951, providing for the coverage of public
employees under the insurance system established by Title II of said Act as
amended; and
WHEREAS, State and Federal law and regulations require, as a condition
of such coverage, that a division be authorized by the Board of Administra-
tion, State Employees' Retirement System; and
WHEREAS, it is necessary that the "Public Agency" now designate any
services which it desires to exclude from coverage with respect to such
coverage group under said insurance system; and
WHEREAS, it is necessary for the Public Agency to set forth the modifi-
cation, if any, of the benefits and contributions under the Present Retirement
System that may result from coverage under the said insurance system with
respect to such coverage group;
�-, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS
FOLLOWS:
SECTION 1. That the Board of Administration, State Employees' Retirement
System, be and hereby is requested to authorize the foregoing division; and
SECTION 2. That upon receipt of authorization from the Board of
Administration a division shall be conducted in accordance with the require-
ments of Section 218 (d) of the Social Security Act, and applicable State
and Federal laws and regulations; that each member of the Present Retirement
System at the time of the division shall be furnished a form to permit the
member to elect whether or not his services should be excluded from or
included under the said California State Social Security Agreement as herein -
before provided; with such coverage effective as to services performed on
and after January 1, 196'9; and
SECTION 3. That the following services with respect to said coverage
group of the Public Agency shall be excluded from coverage under said
agreement:
1. All services excluded from coverage under the agreement
by Section 218 of the Social Security Act; and
2. Services excluded by option of the Public Agency (Check
only one part) :
X / a. No optional exclusions desired
/ / b. Service performed:
and
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SECTION 4. That with respect to the said coverage group the benefits
and contributions of the Present Retirement System shall be modified pur-
suant to Resolution No. of this body adopted on June 23, 1964; and
SECTION 5. That notice of the division shall be given to members of
the Present System not less than ninety days prior to the date of the
division; provided, however, that notice shall be given to employees
becoming members of the Present Retirement System after the date of such
notice up to and including the date of the division on the date on which
they attain membership in the system; and that Oren L. King, City Manager,
is hereby designated and appointed to conduct such division on behalf of
the Public Agency in accordance with law, regulations, and this resolution,
including the fixing of the date and the giving of proper notice thereof
to members of the Present Retirement System and to all such eligible employ-
ees; and
SECTION 6. That the Public Agency will pay and reimburse the State at
such time and in such amounts as may be determined by the State the
approximate cost of any and all work and services relating to such division.
SECTION 7. The City Clerk shall certify to the adoption of this
resolution.
APPROVED AND ADOPTED this 23 day of June , 1964.
P- 441.4 Q `' 'tN
Mayor
AT,ST:
C/ City erk
I, DELLA DOYLE, CITY CLERK of the City Council of the City of Downey,
State of California, DO HEREBY CERTIFY that the foregoing is a full, true
and correct copy of Resolution No. 1404 adopted by the City Council of
the City of Downey at the regular meeting held on the 23 day of June
1964, as the same appears of record in my office,'by the following vote, to
wit:
AYES: 5 Councilmen:Dickerson, Temple, Cor•in, Dunnu Mor on
NOES: 0 Councilmen:
ABSENT: 0 Councilmen: City Clerk
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