HomeMy WebLinkAboutResolution No. 5472RESOLUTION NO. 5$72
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 AZUSA
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 changes proposed in said con-
tract; and
WHEREAS, the following is a statement of the proposed changes:
1. Retirement allowances payable for time commencing on the first day
of the calendar month coinciding with or next following the effec-
tive date of this amendment to or on account of any person whose
retirement became effective on or prior to December 31, 1966 are
hereby increased according to a sliding scale ranging from two
percent for those whose retirement became effective during the
twelve months ending December 31, 1966, to a maximum of twelve
percent for those whose retirement became effective prior to
January 1, 1962.
NOW, THEREFORE, BE IT RESOLVED, that the CITY COUNCIL of the CITY OF AZUSA 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 Public Employees' Retirement System, a copy of said amendment being
attached hereto, marked "Exhibit A" and by this reference made a part
hereof.
October 7, 1968
Date adopted and approved
CITY COUNCIL
OF THE
CITY OF AZUSA
Pro
Maor
Title
Ret. Form 122
I hereby certify that the foregoing resolution was
duly adopted by the City Council of the City of Azusa at a
regular meeting thereof held on the 7th day of October, 1968,
by the following vote of the Council:
AYES: Councilmen:
NOES: Councilmen
ABSENT: Councilmen:
Rubio, Decker, Cooney, Calvert, Solem
None
None
MIAMI,%��r
tI
Jli b fQ�ldfdY 'TO CONT" iM 86TWAN TO EXHIBIT A
iSE��� tJ► A£�tZk2.�T'.aTlOii
V1#MC 9KPLOYaS I R&xZR53i8RT 9TuTgM! A1►a1:'fi�slE
3.
The board ef`Adkinistration, Yablic Uployeassletirenent Ilysto'm, har*ihsf.t*r
refl094 to as board, and the cm COURCIL of the CIT": Of A=&, hereinafter referral
3 to as- -laublic Agei do ,staving :entarod into a ooMrtab under data.f #ecaasber 200 1968.9
Ofectiv+s Jaaaaryesl, 1169, ,aa as smanded eftectige July 1, 195$1,.geptamber 1, 19581
1i -1960,, and-Sopteaaber 3, 1967, Aiczh provides' far the participition of Public
Agee ylm sod *steak, .goal- and Public Ageracy hereby agree.0 foll",b:
A. The fol2oeinq sxbparagxaphe'te+a7;1 be added to vasa! Oohtaraat:
57$oe iovsrnae!rt Code (praviQi+ag for increases. sit3eotios 212t%t
and ailovncea papable
for time comearoing an the first-dary of the calendar
6(;){6) Mitt:ogincid:l*t,with or next folloWi ng the etfactive date of this
s�aele^*st to ,persaae. retired pa:ior'io January 12 1907).
s3. sTatratraZt p Via,), cad 7 `(b) shell be strldlrsia from said Qo"ntract and the follow -
frig laarateraphi subetitrated ttxerefor:
7' W x*aapsct to miscellaneous reaibere, the public; agemcy sball contribute
the faloviot peftentaos of wnWy salaries eermd as adscallaneotus
*mbert of said 9,ystew
(1) 2.076 peresnt until U.}cember 31,.1978 on to tot of tine liability
-. !or prior service benefits,
(Z) 5. L68 pereent - on account caf : t'ae liability ,for, current service
berref its.
7 (b) Kith respact to :19cai1 safety asabets; the palalic aa)alcy asbadll-'contribute
the tollosrisg percentages of aorath3lr salaries earned as local safety
p - "fibers of satd'.ttjrsteaa,: .. _
{I) 0.707'parrce*t until Deavvbss. 1, 1978 on account of the liability
for prior soOiea benefits.'
(2) _ 122.751 percent on account o tsise liabili�y for current service
benefits.
O. Thlo &m*Uftant 'ahs11 be attached to said UnOset and mKill becolae effective
on. =the . day of
Witness our hands this- day of
1l0tRA,`t�1 AFi1aI9`TflATZOR C 11°i COffIfETL. QP 7Hf4
Nam B1oloyl ' RYTIAM 3Y43i''sikl CITY qT AV, SA C J
rr iy
Prea}v�i g OffU'
T%13 acc Faysto; Sxesutive Officer
• Atb9astF., 8
M1 .
G srk
_ flat. Tom 702
0 0
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and
correct copy of a Resolution adopted by the CITY COUNCIL
(Governing ody)
of the CITY OF AZUSA at its regular meeting on October 7,
1968, and numbered Resolution No. 5472.
Dated: October 8, 1968
city (;.Lerx or tne Ulty of Azusa
Q
Ret. Form 949 (Rev. 9/57) 75