HomeMy WebLinkAboutResolution No. 97-C104RESOLUTION NO. 97-004
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA,
CALIFORNIA, TO GRANT ANOTHER DESIGNATED PERIOD FOR TWO
YEARS ADDITIONAL SERVICE 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 20903, based on the contract amendment included in said
contract which provided for Section 20903, 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 August 5, 1997 through December 31, 1997 for all eligible City
employees.
PASSED, APPROVED AND ADOPTED this 4th day of August, 1997.
/ 1
v
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 4th day of August, 1997 by the
following vote of the Council:
AYES COUNCIL MEMBERS: HARDISON, STANFORD, ROCHA, BEEBE, MADRID
NOES COUNCIL MEMBERS: NONE
O NaERSM
CALIFORNIA PUBLIC E&LOYEES' RETIREMENT SYSTIO
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916)326-3420
CERTIFICATION
OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 20903
In accordance with Government Code Section 20903 and the contract between the Public
Employees' Retirement System, the City Council of the City of Azusa hereby certifies that:
1. 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 20903 because of impending mandatory
transfers, demotions, and layoffs that constitute at least I 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 20903 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
Government Code Section 20903 to all eligible members who retire within the designated period,
AUGUST 5, 1997 through DECEMBER 31, 1997 .
� / /
Dat
2yr certification -public agency (Rev. 1/96)
CITY COUNCIL
OF THE
CITY OF AZUSA
BY
Presiding Offic MAYOR
CALIFORNIA PUBLIC ESLOYEES' RETIREMENT SYSAD
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916)326-3420
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
(governing body)
CITY OF AZUSA
(public agency)
on AUGUST 4, 1997
(date)
CITY CLERK
Title
PERS-CON-12 (rev. 1/96)
CALIFORNIA PUBLIC EGLOYEES' RETIREMENT SYSTE16
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229-2709
(916) 326-3420
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
(governing body)
of the CITY OF AZUSA
(public agency)
on JULY 8, 1997 which is at least two weeks prior to the adoption of the
(date)
Resolution/Ordinance.
Date Y4 /9-7
PERS-CON-12A (rev. 1/96)
CITY CLERK
Title