HomeMy WebLinkAbout68-025RESOLUTION 68-25 DECLARING INTENTION TO APPROVE
AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT
SYSTEM AND T~E CITY OF SANTA ANA
WHEREAS, the Public Employees' Retirement Law permits the
participation of public agencies and their employees in the Public
Employees' Retirement System by the execution of a contract and
sets forth the procedure by which said public agencies may elect to
subject themselves and their employees to amendments to said Law;
and
WHEREAS, one of the steps required in the procedure to amend
this contract is the adoption by the legislative body of the public
agency of a resolution giving notice of the intention to approve an
amendment to said contract, which resolution shall contain a summary
of the changes proposed in said contract; and
WHEREAS, the following is a summary of the proposed changes:
Retirement allowances payable for time commencing on the
first day of the calendar month coinciding with or next
following the effective date of this amendment to or on
account of any member who retired on or prior to July 1,
1956, are hereby increased by $10.00 a month plus a
percentage varying according to date of retirement and
years of service to a maximum of 5%.
2. Retirement allowances payable for time commencing on the
effective date of this amendment to or on account of any
person whose retirement became effective on or prior to
December 31, 1961, are hereby increased according to a
sliding scale ranging from two percent for those whose
retirement became effective during the eighteen months
ending December 31, 1961, to a maximum of ten percent for
those whose retirement became effective July 1, 1957, or
earlier but not to exceed the sum of $50 per month, as
provided in Government Code Section 21251.6 added by
Chapter 2099, Statutes of 1963.
NOW, THEREFORE, BE IT RESOLVED: That the City Council of the
City of Santa Ana gives, and it does hereby give notice of intention
to approve an amendment being attached hereto, marked "Exhibit A" and
by this reference made a part hereof.
PASSED AND ADOPTED by the City Council of the City of Santa
Ana at its regular meeting held on the ~th day of March~-~9~S ~-~
CLERK OF THE COUNCIL
STATE OF CALIFORNIA)
COUNTY OF ORANGE )
CITY OF SANTA ANA )
SS
I, DORIS M. BROWN, do hereby certify that I am the Clerk of
the Council of the City of Santa Ana; that the foregoing Resolution
was introduced to said Council at its regular meeting held on the
~h day of March, 1968, and was at said meeting passed and adopted
by the following vote, to wit:
AYES,
COUNCILMEN: Brooks, Carlson, Grise%, Markel, Thurman
NOES,
ABSENT,
COUNCILMEN: Herrin, McMichael
COUNCILMEN: None
CLERK OF THE COUNCIL