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076 <br /> Exhibit B <br /> <br /> AGREEMENT <br />AUTHORIZING THE RELEASE OF <br />1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES <br />INTO THE <br /> THIRD LEVEL 1959 SURVIVOR BENEFIT POOL <br /> BETWEEN THE <br /> BOARD OF ADMINISTRATION <br /> OF THE <br /> PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br /> <br /> CITY COUNCIL <br /> OF THE <br /> CITY OF SANTA ANA <br /> <br />WHEREAS, <br /> <br />the City Council of the City of Santa Ana has adopted a Resolution of Intention to include <br />in its contract with the Board of Administration, Public Employees' Retirement System, <br />Government Code Section 21382.4, Third Level of 1959 Survivor Benefits for local <br />miscellaneous members and local police members only, as provided under Government <br />Code Sections 21380-21387; and <br /> <br />WHEREAS, <br /> <br />Government Code Section 21382.4, requires all assets and liabilities of all contracting <br />agencies subject to this section, and their employees who are covered by this section, to be <br />pooled into a single account; <br /> <br />NOW, THEREFORE BE IT AGREED, accumulated and/or future contributions required of the City of <br /> Santa Ana and its covered employees are to be released, pursuant to the provisions of <br /> Govermment Code Section 21382.4, to a single account referred to herein as the Third <br /> Level 1959 Survivor Benefits Pool. <br /> <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br /> <br />CITY COUNCIL <br />OF THE <br />CITY OF SANTA ANA <br /> <br />By By <br /> <br />CHIEF, CONTRACT SERVICES DIVISION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br /> <br />APPROVED~S TO FORM <br /> <br /> s Wa[o COOPSR <br /> CI~O~NFV <br /> <br />Presiding Officer <br /> <br />Date <br /> <br />C0505 (Rev. 2/94) <br /> <br /> <br />