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f .: ~ <br />RESOLUTION 68-35 DECLARING INTENTION TO APPROVE <br />AN AMENDMENT TO CC~TTRACT EETWEEN THE HOARD OF <br />AD~+tiNISTRATION OIp' THE PUBLiC EMPLOYEES' RETIREMENT <br />SYSTEM AND TFE CITY OF SANTA ANA <br />WHEREAS, the Public Etttployeers' Retirement Law permits the <br />partacipation of public agencies and their employees in the Public <br />Employeees' Retirement Systesa by the execution of a contract and <br />eats forth the procedur® by which said public agencies may elect to <br />subject themselves and their employees to amendments to said Law; <br />and <br />6VHERFAS, one of the steps required in the procedure to amend <br />this contract is the adoption by the legislative body of th+s public <br />agesnc:y of a resolution giving notice of the intention to approve an <br />amendment to said contract, which resolution shall contain a sut'arttary <br />of the changes propos®d in said contract; and <br />WHEREAS, the following is a sutmmary of the: proposed changes: <br />1. Retirement allowances payable for time com~tencing on the <br />first day of the calendar month coinciding with or next <br />following the effective dater of this amendment to or on <br />account of any member who retired on or prior to July 1, <br />1956, ar® hexreby increeased by $10.04 a month plus a <br />pe-rce:ntage varying according to date of retirement and <br />years of se+rvice to a n-aximum of 596. <br />2. Rebtireenent allowances payable for time co:~encing on the <br />effectiv® date of this amendment to or on account of any <br />person whose r®tirement became effective on or prior to <br />December 31, 1961, are hereby increased according to a <br />sliding scale ranging from two percent for those whose <br />retirement became effective during the eighteen months <br />ending Dece,+mber 31, 1961, to a maximum of teen percent for <br />tholes whose retirement becaete effe+etive July 1, 1957, or <br />earlier but not to exceed the sum of $50 per month, a.s <br />provided in Government Coda Section 21251.6 added by <br />Chapt®r 2099, Statutes of 1963. <br />NOW, THER$B'ORE, BE TT RSSOLVEDs That the City Council of the <br />City of Santa Ana gives, and it does hereby give ncatiee of intention <br />to approve an amesndment being attached hereto, marked "Exhibit A" and <br />by this resference made a part hereof. <br />PASSED AND ADOPTED 'by the City Council of the City of Santa <br />Ana at its regular meeting held on they,-8th day of March, 1968. <br />ATTEaTs <br />~a~T(]M MaMT('_H4F.T. <br />M w. nRnu~]~L....._~. MAYOR <br />~c~~ THE coUNCIL <br />STATE o~ CALIYo'oRNIA} <br />eovNTY o~ ORA3liGE } SS <br />cITY og SANTA ANA } <br />I, DORI9 M. BROWN, do hereby certify that I sm the Clerk of <br />the Council of the City of Santa Anaj that the foregoing Resolution <br />was introduced to said Council at its regular meeting held on the <br />?nth day of March, 19b8, and was at said meeting passed end adopted <br />by tYae following vote, to wits <br />AYES, COUNCiLMENs Brooke, Carlson, Griset, Markel, Thur>~an <br />NO~:S, COUNCILMENa Herrin, McMichael <br />ABSENT, COUNCiLd~N s ~,'~e <br />LERK OP" THE COUNCIL <br />