HomeMy WebLinkAboutCC RESO 10,023RESOLUTION NO. 10,023
RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT
TO CONTRACT BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIRE-
MENT SYSTEM AND THE CITY ODUNCIL OF THE CITY OF
NATIONAL CITY
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 procedure to
amend this contract is the adoption by the legislative 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 pro-
posed change:
1. Retirement allowances payable for time com-
mencing on the first day of the calendar month coinciding
with or next following the effective date of this amendment
to or on account of any person whose retirement became
effective on or prior to December 31, 1966 are hereby in-
creased according to a sliding scale ranging from two per-
cent for those whose retirement became effective during the
twelve months ending December 31, 1966, to a maximum of
twelve percent for those whose retirement became effective
prior to January 1, 1962.
NOW, THEREFORE, BE IT RESOLVED, that the CITY
COUNCIL of the CITY OF NATIONAL CITY gives, and it hereby
gives notice of intention to approve an amendment to the
contract between the CITY COUNCIL and the Board of Administra-
tion of the Public Employees' Retirement System, a copy of
said amendment being attached hereto, marked "Exhibit A"'
and by this reference made a part hereof.
PASSED AND ADOPTED this 27th day of January, 1970.
ATTEST:
A.
CONTRA 'TWED3
ADMINISTRATION
Y2ET YU
CITY COUNCIL
OF THg
NATIONAL CITY
of A _ .e;tr*atitsn, Public Fmployeeso
Board, ad t + CITY COUNCIL of the CI. Ole` NA
Public A ncy, having entered into a contract u
oly 1, 191.8, and as emended effeatYve Harsh 1, 1954, da<
L956, which provides for the participation of Public Agency in
'ubl:ie Agency hereby* agree as follows:
The following paragraph shall be added to said Contract
17. Section 21251.75 of the Government Code (providing for increases in alicw
s sces payable for time commencis or the first day of the calendar month
coinciding with or next following the effective date of this amendment to
persons retired prior t. Ja eery 1., 1967).
Paragraphs 11 (a) and 11 (b) sell as trickcn from said Cantr
para,rrapha sec"bstitutesd therefor:
}_ respect to miscellaneous ethere, t #e public agency shall co t.ri-
hut* the t'a1.lowing percentages stages ofmonth y salaries earned es oi.act l lac
members o f s ai d 3 to m:
(1) 1.936 ;percent until Juror 3 , 1.973
rlor ice benefits.
EXHIBIT A
on the
Witham
BOARD.{ ' A
(2) 6.911 percent on account of the 1..a
benefits.
respect to 'local safety members,
the following percentages of month
members of said Diatom:
3.':377 percent until June 3D, 1973 on account
prior service benefits.
9.961: ereent on account of they liability for currant
benesi .te.
a
unt of the liability for
t shall be attached to :°a1
day of
e
Attests