HomeMy WebLinkAboutResolution No. 11-7300RESOLUTION NO. 11-7300
AN RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
AUTHORIZING A RESOLUTION OF INTENTION TO AMEND THE CONTRACT
BETWEEN THE CITY COUNCIL OF THE CITY OF DOWNEY AND THE BOARD OF
ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT
SYSTEM
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 in the procedures to amend this contract is the adoption by
the governing body of the public agency of a resolution giving notice of its intention to approve
an amendment to said contract, which resolution shall contain a summary of the change
proposed in said contract; and
WHEREAS, the following is a statement of the proposed change: To provide Section
20475 (Different Level of Benefits). Section 21363.1 (3% @ 55 Full formula) is applicable to
local fire members entering membership for the first time in the fire classification after the
effective date of this amendment to contract.
NOW. THEREFORE. THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the City Council of the above agency does hereby give notice of
intention to approve an amendment to the contract between said public agency and the
Board of Administration of the Public Employees’ Retirement System, a copy of said
amendment being attached hereto, as an “Exhibit” and by this reference made a part
hereof
SECTION 2. The City Clerk shall certify to the adoption of this Resolution and shall
provide for appropriate distribution thereof.
APPROVED AND ADOPTED this 11 th day of October, 2011.
I m
ATTEST:
mini)YTE, Interim city Clerk
RESOLUTION NO 11-7300
PAGE TWO
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council
of the City of Downey at a regular meeting held on the 1 1 th day of October, 2011, by the
following vote, to wit:
AYES :
NOES:
ABSENT:
ABSTAIN :
Council Members:
Council Member:
Council Member:
Council Member:
Brossmer, Gafin, Vasquez, Mayor Marquez
Guerra
None
None
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