Laserfiche WebLink
RESOLUTION OF INTENTION TO APPROVE AN <br />AMENDMENT TO CONTRACT BETWEEN THE <br />BOARD OF ADMINISTRATION OF THE <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />AND THE <br />CITY COUNCIL <br />OF THE <br />CITY OF SANTA ANA <br />WHEREAS, the Public Employees' Retirement Law permits the participation of <br />public agencies and their employees in the Public Employees' <br />Retirement System by the execution of a contract, and sets forth the <br />procedure by which said public agencies may elect to subject them- <br />selves and their employees to amendments to said Law; and <br />WHEREAS, one of the steps in the procedure to amend this contract is the <br />adoption by the legislative body of the public agency of a resolu- <br />tion giving notice of its intention to approve an amendment to said <br />contract, which resolution shall contain a summary of the change <br />proposed in said contract; and <br />WHEREAS, the following is a statement of the proposed change: <br />To provide Section 20461.6 (Reduction of benefits for <br />future employees) from 2% @ 50 to 2% @ 55; for local <br />safety members only and Section 20930.3 (Military <br />service credit) as defined in Chapter 1437, Statutes <br />of 1974, for those local miscellaneous and safety <br />members first employed on or after the effective date <br />of this contract amendment. <br />NOW, THEREFORE, BE IT RESOLVED, that the governing body of the above agency <br />gives, and it does hereby give notice of intention to approve an <br />amendment to the contract between the said governing body and. the <br />Board of Administration of the Public Employees' Retirement System, <br />a copy of said amendment being attached hereto, as an "Exhibit" and <br />by this reference made a part hereof. <br />---(-TITLE <br />TDats adopted and approved Ret. Form 122 <br />