HomeMy WebLinkAboutResolution No. 6576 RESOLUTION NO. 6576
RESOLUTION OF INTENTION
TO APPROVE AN AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE CITY COUNCIL CITY OF DOWNEY
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 21354.5 (2.7% @ 55 Full and Modified formula)
for local miscellaneous members.
THE CITY COUNCIL OF THE CITY OF DOWNEY DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the City Council of the City of Downey 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 thereof.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution and provide for the
distribution thereof.
APPROVED AND ADOPTED THIS 11th day of June , 2002.
'V i
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MEREDITH H. PERKINS, Mayor
ATTEST:
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KATHLEEN L L. Mi DSTOKKE , City Clerk
HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of
Downey at a regular meeting thereof held on the 11 t h day of June ,2002 by the following vote,
to wit:
AYES: 5 Council Members: Cartozian, Trejo, Winningham, McCarthy, Perkins
NOES: 0 Council Members None y
ABSENT: 0 Council Members None
`1160,61641
KATHLEEN L . M I DSTO KKE , City Clerk