HomeMy WebLinkAboutResolution No. 1271 1932
RESOLUTION NO. ; 7/
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN
THE BOARD OF ADMINISTRATION OF THE STATE EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF
r--. DOWNEY
WHEREAS, the State Employees' Retirement Law permits the participa-
tion of public agencies and their employees in the State Employees'
Retirement System by the execution of a contract, and sets forth the
procedures by which said public agencies may elect to subject themselves
and their employees to amendments to said law; and
WHEREAS, one step in said procedure is the adoption by the legis-
lative 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 changes proposed in said contract; and
WHEREAS, the following is a summary of the proposed change:
1. Provides for age 50 (instead of 55) as the minimum voluntary
service retirement age for local safety members which benefit
payments commencing prior to age 55 subject to actuarial dis-
count.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE
AS FOLLOWS:
SECTION 1. That the City Council of the City of Downey gives,
and it hereby gives notice of intention to approve an amendment to the
contract between the City Council and the Board of Administration of
the State Employees' Retirement System, a copy of said amendment being
attached hereto, marked "Exhibit A" and by this reference made a part
hereof.
SECTION 2. The City Clerk shall certify to the adoption of this
resolution, and shall forward a certified copy thereof to the Board of
Administration of the State Employees' Retirement System.
APPROVED AND ADOPTED this 26th day of November , 1963.
4
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Mayor
ATTEST:
City Clerk
I HEREBY CERTIFY that the foregoing resolution was duly adopted
by the City Council of the City of Downey at a regular meeting held
thereof on the 26th day of November , 1963, by the following
vote:
AYES `3 Councilmen:,_? n �' x r;�
NOES: Councilmen:
ABSENT: Councilmen:
City Clerk