HomeMy WebLinkAboutResolution No. 1402 21.51
RESOLUTION NO. /O aZ
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
OF INTENTION TO APPROVE AN AMENDMENT TO THE CONTRACT
BETWEEN THE BOARD OF ADMINISTRATION OF THE STATE
EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE
CITY OF DOWNEY
T -. WHEREAS, the State Employees' Retirement Law permits the participation
of Public Agencies and their employees in the State 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, Section 20497 of the Government Code provides that a contract
between a public agency and the Board of Administration may be amended to
modify benefits and adjust contributions if the California State Social
Security Agreement of March 9, 1951, is modified to include employees of the
public agency in positions covered by the System; and
WHEREAS, Federal and State law permit the present members (other than
members in police type positions) of a retirement system to choose individ-
ually whether they wish to be covered by Federal Old -Age, Survivors, and
Disability Insurance; and
WHEREAS, it is the intention of this governing body to allow employees
of this agency to exercise such choice and, further, to provide an
appropriately modified program of retirement system benefits and contributions
for such employees as elect to be covered by Federal Old -Age, Survivors, and
Disability Insurance; and
WHEREAS, one step required in procedures for contract amendment is the
adoption by the governing body of a public agency of a Resolution of Intention
giving notice of intention to amend its contract with the Board of Adminis-
tration, which Resolution shall contain a summary of the major provisions of
the retirement plan; and
WHEREAS, a summary of the major changes to be accomplished by this
amendment is attached;
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
does hereby give notice of intention to amend its contract between said City
Council and the Board of Administration of the State Employees' Retirement
System to provide for a modification of benefits and adjustment of rates, a
summary of the major changes of the proposed modification, and a copy of said
amendment being attached hereto marked "Exhibits A and B" respectively, and
by this reference made a part hereof.
SECTION 2. The City Clerk shall certify to the adoption of this
resolution.
• APPROVED AND ADOPTED this 23 day of June , 1964.
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Mayor
AT EST : `\,
City Cle��
2152
I HEREBY CERTIFY that the foregoing resolution was adopted at a
regular meeting of the City Council of the City of Downey held on the
23 day of June , 1964 , by the following vote:
AYES:5 Councilmen: Dickerson, Temple, Corbin, Dunnum, Morton
r
NOES:0 Councilmen:
ABSENT:0 Councilmen:
City lerk
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