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334 <br /> <br />Resolution No. 98- 52 <br />Page 2 <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 conUibutions 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 />That the executive body appoint and direct, and it does hereby appo'mt 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 />(0 That this Resolution shall be operative from and after January 1, 1999. <br /> <br />ADOPTED this 8tn day of <br /> <br />Mayor <br /> <br />ATFEST: <br /> <br />Councfimembers: <br /> <br />PULIDO <br />ESPINOZA <br />FRANKLIN <br />LUTZ <br />MCGUIGAN <br />MORENO <br />RICHARDSON <br /> <br />Aye <br />Aye <br /> <br />Aye <br />Aye <br /> <br />Abstain <br />Aye <br /> <br />//~O~VED AS TO FORM: <br /> <br /> <br />