HomeMy WebLinkAboutResolution No. 1403 2 'Fin
RESOLUTION NO. /
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
ADOPTING AN ACTUARIAL CONTRACT FOR AN EVALUATION OF THE
COST OF DIVIDING RETIREMENT BENEFITS
WHEREAS, it is desired to divide the City retirement system with Social
Security as provided by law; and
WHEREAS, an actuarial contract for this purpose is required by appropriate
regulations;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS
FOLLOWS:
SECTION 1. That the contract attached hereto as Exhibit A be and the same
hereby is adopted.
SECTION 2. That the Mayor be and he hereby is authorized to sign said
contract for the City.
SECTION 3. 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
A TEST:
City ' erk
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 93 day of
June 1964, by the following vote, to wit:
AYES: 5 Councilmen: Dickerson, Temple, Corbin, Dunnum, Morton
NOES: 0 Councilmen:
ABSENT: 0 Councilmen:
City! Clerk