HomeMy WebLinkAboutResolution No. 64140 0
RESOLUTION NO. 6414
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA, AUTHORIZING THE PAYMENT OF EMPLOYEES'
CONTRIBUTIONS TO THE PUBLIC EMPLOYEES' RETIREMENT
SYSTEM FOR CERTAIN EMPLOYEES AS DEFERRED COMPEN-
SATION.
The City Council of the City of Azusa does resolve
as follows:
SECTION 1. Effective the first pay period in July,
1976, there will be added to the base compensation of those
Miscellaneous and Public Safety employees of the City of Azusa,
referred to in Section 3 hereof, an amount which shall be equal
to half of the required employee's contribution to the Public
Employees' Retirement System (P.E.R.S.), up to a maximum of
three and one-half percent (3.5%) of employee's base wages.
The City of Azusa shall pay for the account of said employees
one-half of the required employee contribution to PERS up to
a maximum of three and one-half percent (3.50Z) of the employee's
base wage, as required by Section 20683 of the Government Code,
which sum shall be applied as a partial payment of the amount
required by law to be paid by Miscellaneous and Public Safety
Employees Members thereof.
SECTION 2. Effective the first pay period of July,
1977, there will be added to the base compensation of those
Miscellaneous and Public Safety employees of the City of Azusa,
referred to in Section 3 hereof, an amount which when added to
the three and one-half percent (3.5%) of base wages paid commen-
cing with the first pay period of July, 1976, shall equal a
maximum of seven percent (7%) of base wages, but shall not exceed
the employee's required contribution to PERS. That amount shall
be paid to PERS for the account of each such employee.
SECTION 3. The employees to which this Resolution
applies are only those regular Miscellaneous and Public Safety
employees referred to in a Memorandum of Understanding or in
separate action of the City Council. The amounts paid to PERS
on behalf of City Employees pursuant to this resolution shall
constitute deferred compensation.
SECTION 4. The City Clerk shall certify to the adoption
of this resolution.
Adopted and approved this 21std of June 1976.
2
ay r
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 21st day fo June 1976, by
the following vote of the Coun��:
AYES: Councilmen: Decker, Fry, Cruz, Arkison, Solem
NOES: Councilmen: None
ABSENT: Councilmen: None
—Mit yu .Ierk