HomeMy WebLinkAboutCC Resolution 8435 (Public Agency Retirement System)RESOLUTION NO. 8435
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SAN RAFAEL ADOPTING THE
PUBLIC AGENCY RETIREMENT SYSTEM
(PARS) PENSION PLAN
WHEREAS it is determined to be in the best interest of the City of
San Rafael and its employees to provide a Qualifying Retirement
System to all employees not currently eligible for such a
Qualifying Retirement System, thereby meeting the requirements of
Section 11332 of the Omnibus Budget Reconciliation Act and Section
3121(b)(7)(F) of the Internal Revenue Code.
WHEREAS the Public Agency Retirement System (PARS) Pension Plan,
a government plan, has made such a System available to the City of
San Rafael and its eligible employees, and qualifies under
California Government Code Sec. 20,000, Education Code Sec. 22,000,
Section 11332 of the 1990 Omnibus Budget Reconciliation Act
(OBRA 90), and meets the meaning of the term "retirement system"
as given by Section 218(b)(4) of the Federal Social Security Act;
Now therefore, be it resolved that:
(1) The Council of the City of San Rafael does hereby adopt
PARS effective July 1, 1991, the Effective Date for the
benefit of employees on that date and hired thereafter;
and,
(2) RANSOM COLEMAN
Name
FINANCE DIRECTOR
Title
is hereby appointed AGENCY Plan Administrator; and,
(3) The AGENCY Plan Administrator is hereby authorized to
execute the PARS Adoption Agreement on behalf of the
AGENCY and to take whatever additional actions that are
necessary to maintain the participation of the AGENCY in
PARS and to maintain PARS compliance with Section 11332
of the Act and relevant regulations issued or as may be
issued.
I, JEANNE M. LEONCINI, Clerk of the City of San Rafael, hereby
certify that the foregoing Resolution was duly and regularly
introduced and adopted at a regular meeting of the Council of said
City on Monday , the 17th day of June
1991, by the following vote, to wit:
AYES: COUNCILMEMBERS : Boro , Shippey & Mayor Mut ryan
NOES: COUNCILMEMBERS: Breiner & Thayer
ABSENT: COUNCILMEMBERS: None
JEANNE W 'b rONCINI, Citly Clerk
ORIGINAL