HomeMy WebLinkAbout2016-052 - Approving the Adoption of the Public Agencies Post-Employment Benefitsjmf 06/2/2016
RESOLUTION NO. 2016 -052
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA APPROVING THE ADOPTION OF THE PUBLIC
AGENCIES POST - EMPLOYMENT BENEFITS TRUST
ADMINISTERED BY PUBLIC AGENCY RETIREMENT
SERVICES (PARS)
WHEREAS, PARS has made available the PARS Public Agencies Post -
Employment Benefits Trust (the "Program ") for the purpose of pre- funding pension
obligations and /or other post - employment benefits ( "OPEB ") obligations; and
WHEREAS, the City of Santa Ana is eligible to participate in the Program, a tax -
exempt trust performing an essential governmental function within the meaning of
Section 115 of the Internal Revenue Code, as amended, and the Regulations issued
thereunder, and is a tax - exempt trust under the relevant statutory provisions of the State
of California; and
WHEREAS, the City's adoption and operation of the Program has no effect on
any current or former employee's entitlement to post - employment benefits; and
WHEREAS, the terms and conditions of post - employment benefit entitlement, if
any, are governed by contracts separate from and independent of the Program; and
WHEREAS, the City's funding of the Program does not, and is not intended to,
create any new vested right to any benefit nor strengthen any existing vested right; and
WHEREAS, the City reserves the right to make contributions, if any, to the
Program.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SANTA ANA AS FOLLOWS:
Section 1. The City Council hereby adopts the PARS Public Agencies Post -
Employment Benefits Trust, effective June 21, 2016.
Section 2. The City Council hereby appoints the City Manager, or his or her
designee, as the City's Plan Administrator for the Program.
Section 3. The City's Plan Administrator is hereby authorized to execute the
PARS legal and administrative documents on behalf of the City and to take whatever
additional actions are necessary to maintain the City's participation in the Program and
to maintain compliance of any relevant regulation issued or as may be issued; therefore,
authorizing him or her to take whatever additional actions are required to administer the
City's Program.
Resolution No. 2016 -052
Page 1 of 2
Section 4. This Resolution shall take effect immediately upon its adoption by
the City Council, and the Clerk of the Council shall attest to and certify the vote adopting
this Resolution.
ADOPTED this 21St day of June, 2016.
APPROVED AS TO FORM:
Sonia R. Carvalho, City Attorney
By: yj
hn M. Funk
Assistant City Attorney
AYES: Councilmembers: Amezcua, Benavides, Martinez, Pulido, Reyna,
Sarmiento Tinalero (7)
NOES: Councilmembers: None (0)
ABSTAIN: Councilmembers: None (0)
NOT PRESENT: Councilmembers:
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Clerk of the Council do hereby attest to and certify the attached
Resolution No 2016 -052 to be the original resolution adopted by the City Council of the
City of Santa Ana on June 21, 2016.
Date &
Clerk of the Council
City of Santa Ana
Resolution No. 2016 -052
Page 2 of 2