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<br />RESOLUTION NO. 2008-050 <br /> <br />RESOLUTION OF INTENTION <br /> <br />TO APPROVE AN AMENDMENT TO CONTRACT <br /> <br />BETWEEN THE <br /> <br />BOARD OF AOMINISTRATlON <br />CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br /> <br />ANO THE <br /> <br />CITY COUNCIL <br />CITY OF SANTA ANA <br /> <br />WHEREAS, the Public Employees' Retirement Law permits the participation of public <br />agencies and their employees in the Public Employees' Retirement System <br />by the execulion of a contract, and sets forth the procedure by which said <br />public agencies may elect to subject themselves and their employees to <br />amendments to said Law; and <br /> <br />WHEREAS, one of the steps in the procedures to amend this contract is the adoption <br />by the governing body of the public agency of a resolution giving notice of <br />Its intention to app"Ove an amendment to said contract. which resolution <br />shall contain a summary of the change proposed in said contract; and <br /> <br />WHERCAS, the followin~ is a statement of tli", [JIUPUSI:!d change: <br /> <br />To provide Section 21354.5 (2.7% @ 55 Full formula) for <br />local miscellaneous members. <br /> <br />NOW, THEREFORE, BE IT RESOLVED that the goveming body of the above agency <br />does hereby give notice of Intention to approve an amendment to the <br />contract be:ween said public agency and the Board of Administration of the <br />Public Employees' Retirement SjlStem f said amendm being <br />attached hereto, as an 'Exhib~" an y f8[f!nce U <br /> <br /> <br />July 7, 2008 <br /> <br />Mayor <br />Title <br /> <br />Date acopted and apprc.ved <br /> <br />IAmQNtmQl'lt) <br />C:JN':{[1'1 (RAV LJ96) <br /> <br />Resolution No. 2008-050 <br />Page 1 of 6 <br />