Chapter 2.30
PUBLIC EMPLOYEES RETIREMENT SYSTEM AND BENEFITS

Sections:

2.30.010    Authorization to participate.

2.30.020    Appointing Public Employees Benefit Services Corporation.

2.30.030    Implementation of plan.

2.30.040    Appointing trustee.

2.30.050    Contracts – City manager authority.

2.30.060    Authorizing expenditure of city funds to provide for an employee benefits package.

2.30.010 Authorization to participate.

The city authorizes and approves participation and membership of its eligible employees and appointive and elected officials both in the Washington Public Employees Retirement System pursuant to RCW 41.40.062 and the money purchase pension plan administered by the Public Employees Benefits Services Corporation (PEBSCO) pursuant to Section 401 (a) of the Internal Revenue Code of 1986, as amended; and authorizes the expenditure of the necessary funds to cover its proportionate share for participation in the PEBSCO money purchase pension plan, both in lieu of contributions to the Federal Social Security Program. Participation in the PEBSCO money purchase pension plan and/or the PERS Plan is hereby declared to be the city’s qualifying retirement program in lieu of participation in the Federal Social Security System under Internal Revenue Code Section 3121(b)(7). [Ord. 71 § 1, 1996; Ord. 56 § 1, 1995; Ord. 29 § 1, 1995]

2.30.020 Appointing Public Employees Benefit Services Corporation.

The city of Shoreline appoints Public Employees Benefit Services Corporation (PEBSCO) to provide record keeping, employee education and other technical and administrative services relating to the plan. [Ord. 71 § 2, 1996]

2.30.030 Implementation of plan.

The city of Shoreline hereby authorizes and directs the city manager to perform all acts and sign all documents necessary to put said plan into operation. The city manager or his/her designee is authorized and directed to file an application, together with any supporting documents, with the United States Treasury Department, with a request for a determination that the defined contribution plan meets the requirements of Internal Revenue Code Section 401(a), and execute such powers of attorney, schedules and other documents as may be necessary and required in connection with such application. Further, the city manager or his/her designee is authorized and empowered in the city manager’s or his/her designee’s discretion to execute such further amendments to such plan as may be required in order to obtain the approval of the United States Treasury Department, if, in the city manager’s or his/her designee’s judgment, such amendments are in the best interests of the city. [Ord. 71 § 3, 1996]

2.30.040 Appointing trustee.

The city manager or his/her designee is hereby appointed as trustee and upon acceptance, by executing the adoption agreement of said plan, shall receive the necessary reports, notices, etc. from Public Employees Benefit Services Corporation (PEBSCO) and Nationwide Life Insurance Company. [Ord. 71 § 4, 1996]

2.30.050 Contracts – City manager authority.

The city manager is authorized to execute contracts with the Association of Washington Cities and its related agencies and trusts to provide medical, dental, vision, long term disability insurance and other benefits to city employees pursuant to the interim city manager’s September 11, 1995, memorandum, a copy of which is attached to the ordinance codified in this section and on file in the office of the city clerk. [Ord. 56 § 2, 1995]

2.30.060 Authorizing expenditure of city funds to provide for an employee benefits package.

The city manager is authorized to expend such funds as may be necessary to carry out this section.

A. The maximum monthly payment which may be made for the employee’s benefit package offered for regular city employees shall be 95 percent of the cost for the least expensive city-offered medical, dental and vision coverage for an employee, spouse and two children; and

B. The minimum monthly payment for a full-time regular employee shall be $739.00 for 2004 and 2005. Beginning in 2006, the minimum monthly amount will be increased annually by 50 percent of the increase of the maximum monthly payment from those of the previous year, but in no case more than five percent annually. The city’s contribution shall be pro-rated for a part-time regular employee. [Ord. 343 § 1, 2003; Ord. 220 § 1, 1999; Ord. 185 § 1, 1998; Ord. 151 § 1, 1998; Ord. 106 § 1, 1996; Ord. 56 § 3, 1995]