HomeMy WebLinkAboutCC Resolution 10312 (Early Retirement Program)RESOLUTION NO. 10312
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
ADOPTING EARLY RETIREMENT PROGRAM QUALIFICATIONS AND
CONDITIONS
FOR CLASSIFICATION OF POLICE CAPTAIN
WHEREAS, Government Code Section 31641.04 permits the City
Council, by Resolution, to determine that because of savings in money or other
economic benefit to the City a member shall be eligible to receive two years of
additional credit for retirement purposes; and
WHEREAS, the actuarial study conducted by William M. Mercer, Inc. in
July of 1998, has demonstrated that the City of San Rafael would realize
significant savings through reduced retirement contributions and other payroll
savings by offering an early retirement program to employees otherwise eligible to
retire who occupy the classification of Police Captain.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
San Rafael authorizes offering an early retirement program which provides for two
additional years of service credit under the following conditions:
1. To those employees eligible to retire in the classification of Police
Captain.
2. Employees must select a retirement date which is implemented and in
effect between January 1, 1999 and June 30, 1999.
3. Employees must notify the Chief of Police and the City Manager of their
intent to avail themselves of the early retirement program no later than
December 31, 1998.
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 City Council of said City held on Monday, September 21,
1998 by the following vote, to wit:
AYES: COUNCILMEMBERS: Cohen, Heller, Miller and Mayor Boro
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Phillips
JEANNE M. LEONCINI, CITY CLERK