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380 ORDINANCE NS-2235E <br /> <br />EXHIBIT "B" <br /> <br /> AGRg~MENT <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, Government Code Section 21382.4 provides for a single employer rate to be established to <br /> provide benefits under said Section on account of members employed by contracting <br /> agencies electing to include the provision of said Section in their contracts; and <br /> <br />WHEREAS, Government Code Section 21382.4, requires pooling of all assets and liabilities of all <br /> contracting agencies on account of benefits provided under Article 6, commencing with <br /> Section 21380; <br /> <br />NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Santa Arm and its <br /> covered employees, on account of the benefits provided under Article 6, commencing with <br /> Section 21380, shall be pooled pursuant to the provisions of Government Code Section <br /> 21382.4. <br /> <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br /> <br />C~Y COUNCIL <br />OF THE <br />CITY OF SANTA ANA <br /> <br />BY BY <br /> <br />ACTING CHIEF <br />EMPLOYER SERVICES DIVISION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br /> <br />Presiding Officer <br /> <br />Date <br /> <br />PERS-CON-59 (Rev. 8/94) <br /> <br /> <br />