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HomeMy WebLinkAbout82-071R~SOLUTION NO. 82-71 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING AN AMENDMENT TO CORRECT AN ERROR IN THE CONTRACT BETWEEN THE CITY OF SANTA ANA AND THE BOARD OF ADMINISTRATION, PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHEREAS, the City Council of the City of Santa Ana hereinafter referred to as Public Agency, and the Board of Administration of the Public Employees' Retirement System entered into a contract effective July 1, 1947 providing for the participation of Public Agency in the Public Employees' Retirement System; and WHEREAS, said contract was amended effective October 1, 198~. However, due to an inadvertent omission Age 50 discount (Section 20952.5) was deleted when the contract was amended to include 2% @ 50 Full formula. An amendment for a reduction in benefits (Section 20461.6) to 2% @ 55 Full formula for future safety employees requires the agency to become mandatorily subject to age 50 discount again; and WHEREAS, Section 20461 of the Government Code provides that errors in a contract may be corrected through contract error amendments executed by the adoption of suitable resolutions by the contracting parties; NOW, THEREFORE BE IT RESOLVED, that said governing body of Public Agency authorizes, and it does hereby authorize, a contract error amendment to said contract effective October 1, 1981 as follows: A. The paragraph 7f shall be added to said contract as follows: Section 20952.5 (Age 50 voluntary retirement) for local safety members only. BE IT FURTHER RESOLVED, that the presiding officer of the governing body of Public Agency be and is hereby authorized, empowered, and directed to execute said amendment for and on behalf of Public Agency. Adopted this 7th day of June BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM BY Carl J. Blechinger, Executive Officer CITY COUNCIL OF THE CITY OF SANTA ANA GORDON BRICKEN, MAYOR Approved as to form: Attest: Cynthia G..B~seme~ Legal Office; PERS(~LERK r HE N ~/~(NI~EoC'T~aL!YCOUZCIL'~''7-~ ~uw~,u w v~vp:,'~ ~'?~, ~'~ v, ~,anta Aha