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Resolution No. 97- 0 4 3 <br />Page 2 <br /> <br />(d) <br /> <br />That the employer's contribution for each annuitant shall be increased annually <br />by five percent of the monthly contribution for employees, until such time as <br />the contributions are equal; and that the contributions for employees and <br />annuitants shall be in addition to those amounts contributed by the Public <br />Agency for administrative fees and to the Contingency Reserve Fund; and be it <br />further: <br /> <br />(e) <br /> <br />That the executive body appoint and direct, and it does hereby appoint and <br />direct, the Executive Director of Personnel Services to file with the Board of <br />Administration of the Public Employees' Retirement System a verified copy of <br />this Resolution, and to perform on behalf of said Public Agency all functions <br />required of it under the Act and Regulations of the Board of Administration; <br />and be it further: <br /> <br />(f) That this Resolution shall be operative from and after January 1, 1998. <br /> <br />ADOPTED this 6th day of oct. 1997. <br /> <br />ATTEST: <br /> <br />}CE C. GUY~', <br /> <br />Councilmembers: <br /> <br />PULIDO <br />ESPINOZA <br />FRANKLIN <br />LUTZ <br />MCGUIGAN <br />MORENO <br />RICHARDSON <br /> <br />Aye <br />Aye <br />Aye <br /> <br />Aye <br /> <br />Absent <br /> <br />TCHER, <br /> <br /> <br />