CC - 1998-17 - Intention to Approve an Amendment to Contract Between the Board of Administration of the Public Employes' Retirement System and the City councilRESOLUTION= NO."r98-=17
RESOLUTION OF INTENTION
TO APPROVE AN AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF ROSEMEAD
WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies
and their employees in the Public Employees' Retirement System by the execution
of a contract, and sets forth the procedure by which said public agencies may elect
to subject themselves and their employees to amendments to said Law; and
WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the
governing body of the public agency of a resolution giving notice of its intention to
approve an amendment to said contract, which resolution shall contain a summary
of the change proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide 2% @ 55 Full
(Military Service Credit a
miscellaneous members.
formula, and Section 21024
Public Service) for local
NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency does
hereby give notice of intention to approve an amendment to the contract between
said public agency and the Board of Administration of the Public Employees'
Retirement System, a copy of said amendment being attached hereto, as an
"Exhibit" and by this reference made a p
BJIAX~
-
Presiding Officer
Mayor
May 26, 1998
Date adopted and approved
Title
(Amendment)
CON-302 (Rev. 4/96)
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF ROSEMEAD
I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 98-17 being:
A RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO
CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC
EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY
OF ROSEMEAD
was duly adopted at a regular meeting of the City Council on the 26th of May, 1998, by the
following vote to wit:
AYES:
COUNCILMEMBERS:
VASQUEZ, BRUESCH, CLARK, IMPERIAL,
NOES:
COUNCILME MBERS:
TAYLOR
ABSTAIN:
COUNCILMEMBERS:
NONE
ABSENT:
COUNCILMEMBERS:
NONE
NANCY V DERRAMA, CITY CLERK
AGENDA-CERTIFY
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