HomeMy WebLinkAboutResolution No. 95-C450 0
RESOLUTION NO. 95-C45
A RESOLUTION OF THE CITY COUNCIL; OF THE CITY OF AZUSA,
CALIFORNIA, TO GRANT ANOTHER DESIGNATED PERIOD FOR TWO
YEARS ADDITIONAL SERAFICE CREDIT
WHEREAS, the City Council of the City of Azusa is a contracting Public Agency of the
Public Employees' Retirement System, and
WHEREAS, said Public Agency desires to provide another designated period for Two
Years Additional Service Credit, Section 20818, based on the contract amendment included in said
contract which provided for Section 20818, Two Years Additional Service Credit, for eligible
members,
NOW, THEREFORE, BE IT RESOLVED, that said City Council does seek to add
another designated period, and does hereby authorize this Resolution, indicating a desire to add
a designated period from June 1, 1995 through November 28, 1995 for all eligible City
employees.
PASSED, APPROVED AND ADOPTED this 17th day of April, 1995.
MAYOR
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 17th day of April, 1995 by the
following vote of the Council:
AYES COUNCILMEMBERS: HARDISON, MADRID, NARANJO, BEEBE, ALEXANDER
NOES COUNCILMEMBERS: NONE
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Finance Department • 213 E Foothill Blvd. • P.O. Box 1395 • Azusa, CA 91702.1395
(818)334.5125
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 of the City of Azusa on 17th day of April, 1995.
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Finance Department • 213 E. Foothill Blvd. • P.O. Box 1395 • Azusa, CA 91702.1395
(818)334.5125
CERTIFICATION OF COMPLIANCE WITH GOVERNMENT
CODE SECTION 7507
I hereby certify that in accordance with Section 7507 of the Government Code the future annual
costs as determined by the System Actuary and/or the increase in retirement benefit(s) have been
made public at a public meeting of the City Council of the City of Azusa on 17th day of April, 1995
which is at least two weeks prior to the adoption of the Resolution/Ordinance.
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Finance Department • 213 E Foothill Blvd. • P.O. Box 1395 • Azusa, CA 91702.1395
(818)334.5125
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 20818
In accordance with Government Code Section 20818 and the contract between the Public Employees'
Retirement System, the City Council of the City of Azusa hereby certifies that:
Because of an impending curtailment of, or change in the manner of performing service, the
best interests of the agency will be served by granting such additional service credit.
2. Payment shall be made of the amount equal to the actuarial equivalent of the difference
between the allowance the member receives after receipt of such service credit and the amount
the member would have received without such service credit with respect to all eligible
employees who retire during the specified period.
3. It has elected to become subject to Section 20818 because of impending mandatory transfers,
demotions, and layoffs that constitute at least 1 percent of the job classification, department
or organizational unit, as designated by the governing body, resulting from the curtailment of,
or change in the manner of performing, its services.
4. Its intention at the time Section 20818 becomes operative is to keep all vacancies created by
retirements under this section or at least one vacancy in any position in any department or other
organizational unit permanently unfilled thereby resulting in an overall reduction in the work
force of such department or organizational unit.
THEREFORE, the City Council of the City of Azusa hereby elects to provide the benefits of
Govemment Code Section 20818 to all eligible members who retire within the designated period,
June 1, 1995 through November 30, 1995.
MAYOR
Attest: /
Date:y—
CP CLERK
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