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338 <br /> <br />Resolution No. 98-53 <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 ~o the Contingency Reserve Fund; and be it <br />further: <br /> <br />(0 <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, 1999. <br /> <br />ADOPTED this nth <br /> <br />day of ,- . 8. <br /> <br /> MI~I~J. A. PULIDO, <br /> Mayor <br /> <br />A'rri~ST: <br /> <br />Councilmembers: <br /> <br />PULIDO <br />ESPINOZA <br />FRANKLIN <br />LUTZ <br />MCGUIGAN <br />MOP, ENO <br />RICHARDSON <br /> <br />Aye <br />Aye <br /> <br />Ave <br />Aye <br />~in <br />Aye <br /> <br />gED AS TO FORM: <br /> <br /> <br />