HomeMy WebLinkAboutCC Resolution 4431 (Public Employees Retirement System Agreement)P
RESOLUTION No. 4431
,ESC -LUT- i . O` !f1Trili i•JP.I TO �p-n-p= p,-!
B0:1nD OF riC:; I �i I T .A, 10.' OF THE
Sys: Eel AND Ti -:E
Ci twl li^t;nC1�l _
(Go'- e rn i ng ;3ody)
0
.t�. �T.._?s_n_.Pafge=l_.
.1 j �.``1 is Agency)
WHEREAS the PubI;C E.-_- ".__° tii. participation of public
:. r.,ic �'ob.Iic ::r:•lo;,ees' Ret irement System
by th,. ,C:,i_�-!i"_ -. t c� _ � :.i.: -'!� �-ts io`t:i ch,e prCiCedure by which
S31d b! 1C Ci LC 5:�vj`=Ct til:lsA1Ve5 and their employees
to ar=ncr,,_nts is 3ai . i . ; and
WHEREAS, one of the snpv in t.`i^ r^ccdure to ariend this contract is the adoption
by Cys legislc�i � b of tare public agency of a r --solution giving
notice of its to a^provc an Pmendileni to said contract, Which
resolutior, shall cc.ita n 8 su -.-tory of the changes proposed in said
contract; and
WHEREAS, the folic,ling is a sats,-<nt o` :.h= p,op•,sed change:
Retirement V, .,hich the annual cost -of -living provisions apply,
payable for z i m,- cc c-, C -i the first day of the calendar month coin -
,c
o i n -
i �1 iC''i; a ej,-ertive date of this amendment to of
Clding with -r n^i:t
on account of'
r ir.^rr,':ers deceased on or prior to
r � - c/
December 31, 1970, ar i;^_s'.i�y increased by 5i;,.
WHEREAS the estimate of the cost cf s!tirh change for the public agency is set forth
in a copy of the valuation rc;.ort attached hereto, marked "Exhibit A"
and by this reteren:e incorporated into the amandment as though therein
set out in full.
City Council of the City of San
iiOW, THEREFORE, 6E IT PESO'_��E=D. that th:
(Governing? Cody) (Name of Public
Rafael Jives, and it herby gives notice of intention to approve an
Agency)
amendment to the cant; act i:etvJer:n th^----�----
(Governing Body)
and the Board of nistration of the Public Employees' Retirement System
to accomplish tha Gbcve charge.
Mi
C1 I Y C' .
February 26, 1973
(Date adopted and approvcd)
t
City Council of he
(Governing Body)
City of San Rafael
(idame oF. °ubl,ic Agenryb
C. PAUL BETT INI
(T L=i e j'-1;layor
t
L ?IL=L? A
SIZSTEYH
1'O COSTS
J... .✓..• Mi:
1..33 L...
.>? Ilu 1413 (19 72)
0"' in +._i --ase)
363
DAT E 91 19731
lnLfczto dcuiraI _i-thod of the IiIability for tho inc:r aagm with reopect
to p iaun3 retirc—I cr clacc zocd prit.*r to J.xiai;c.iy I. 1971:
$ 17792 .41% .25% .13%
�r The City of San Rafael desires that the funding of the liability for the
increases above be a period of ten (10) years.
a
rf
.r
$ 33327
.68%
.41%
.21%
�r The City of San Rafael desires that the funding of the liability for the
increases above be a period of ten (10) years.
a
rf