A. The council is empowered to enter into a contract with the board of administration of the Public Employees’ Retirement System of California (PERS), as it now exists or may hereafter be amended, making the appointed officials and employees of the city members of PERS.

B. It is provided, however, that the council may terminate this contract only upon authority granted by an ordinance adopted by a majority vote of the electors of the city voting on such a proposition at an election at which such proposal is presented. (Prior code § 2705.5)