HomeMy WebLinkAbout1992-06-23 - RESOLUTIONS - RETIREMENT SYSTEM CONTR AMEND (2)RESOLUTION NO. 92-137
A RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN THE
^ BOARD OF ADMINISTRATION OF THE
PUBLIC EMPLOYEES'S RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE CITY OF SANTA CLARITA
WHEREAS, the Public Employees' Retirement Lav 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 2Z @ 55 Full formula (from 2Z 2 60 Full formula)
for local miscellaneous members.
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 the said governing body 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 part hereof.
PASSED,
APPROVED AND ADOPTED THIS 23rd day of
)II June 1992.
MAYOR—
ATTES /
CURk
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City
Council of the City of Santa Clarita, at a regular meeting thereof, held on
the 23rd day of June , 1992, by the following vote of the Council:
AYES: COUNCILMEMBERS: Boyer, Darcy, Heidt, Pederson, Klajic
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS None
^ TY CLE