HomeMy WebLinkAbout9202 - Public Employees Retirement SystemRESOLUTION NO. 9202
A RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF
• THE CITY OF NEWPORT BEACH
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 procedure to
amend this contract is the adoption by the legislative 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
change:
WHEREAS, the following is a statement of the proposed
Provides that miscellaneous members not
covered by federal Social Security who
did not elect to be covered by the 1959
Survivor Benefit when Public Agency added
said benefit to its contract shall be
given another opportunity to elect to be
covered under the program.
NOW, THEREFORE, BE IT RESOLVED that the City Council
of the City of Newport Beach does hereby give notice of intention
to approve an amendment to the contract between the City Council
of the City of Newport Beach 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.
ADOPTED this 11th day of October 1977.
ATTEST: Mayor
C ty Clerk ERTIfiED AS E ORIGINAL
....... DDO /bc
CITY CLERIC OF THE CITY OF NEYJP BEACH 9/28/77
OCT 13 9977