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PUBLIC HEARINGS <br />VOTE: AYES <br />NOES <br />ABSENT: None <br />ORDINANCES/F RST READING <br />Lutz, Mills, Pulido, Young <br />McGuigan, Moreno, Richardson <br />FILE BK <br />50.C. PUBLIC EMPLOYEES' RETIREMENT SYSTEM (PERS) - PROVISION OF <br />THIRD LEVEL SURVIVOR BENEFITS <br />Motion: 1. Authorize the Clerk of Council to enter the following into the record: <br />As provided under Section 7507 of the California Government Code, notice is <br />hereby given that the City of Santa Ana intends to provide Section 21382.4 <br />Third Level of 1959 Survivor Benefits for local miscellaneous members and <br />local police members. City cost is $2.00 per covered employee per month. <br />Annual cost is $32,544.00. An actuarial study conducted by the Public <br />Employees' Retirement System confirms surplus assets in the Survivor Benefits <br />account will cover the City's cost for at least 25 years. <br />2. Adopt resolution. <br />RESOLUTION 94-016 - A resolution of the City Council of the City of Santa <br />Ana authorizing an amendment to the contract between the Board of <br />Administration of the Public Employees' Retirement System and the City <br />Council of the City of Santa Ana - Personnel Services <br />3. Place ordinance on first reading and authorize publication of title. <br />ORDINANCE NS-2220 - An ordinance of the City of Santa Ana authorizing an <br />amendment to the contract between the City Council of the City of Santa Ana <br />and the Board of Administration of the California Public Employees' Retirement <br />System - Personnel Services <br />4. Authorize the City Attorney to prepare and Mayor and Clerk of the <br />Council to execute agreement. <br />PROVISION OF THIRD LEVEL 1959 SURVIVOR BENEFITS - With the <br />Public Employees' Retirement System - Personnel Services <br />MOTION: Pulido <br />SECOND: Mills <br />AGMT 94-040 <br />CITY COUNCIL MINUTES 102 APRIL 18, 1994 <br />