HomeMy WebLinkAboutAgenda Packet - November 17, 1980 - CC „ } 615'
DATE: NOVEMBER 13, 1980
TO: MAYOR AND CITY COUNCIL
FROM: EDWARD A. COONEY, FINANCE OFFICER
RE: SAFETY MEMBERS EARLY RETIREMENT
Attached is a "Resolution of Intent” from the Public Employees
Retirement System (PERS) which would notify PERS our intent to
modify our contract where safety members could retire at age 50,
with reduced benefits.
There is no cost for this amendment to either the City or the
employees.
It is recommended that the City Council adopt the "Resolution
of Intent" and have the City Clerk forward it and the required
exhibits to the Board of Administration of PERS.
Respectfully submitted,
AR . C
D OONEYb
FINANCE OFFICER
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STATE OF CALIFORNIA EDMUND G. BROWN JR., Governor
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
1416 NINTH STREET, P.O. BOX 1953
SACRAMENTO, CALIFORNIA 95809firt
Telephone (916) 445-6570 Reply to Contracts Division
October 8, 1980 Employer Code #226
Mr. Edward A. Cooney
Finance Officer
City of Azusa
213 East Foothill Boulevard
Azusa, CA 91702
Dear Mr. Cooney:
We are enclosing two copies of Resolution of Intention (Form 122) to amend your
agency's contract as follows:
To provide Section 20952.5 (Age 50 discount), for local safety members.
Form CON-12, Certification of Governing Body's Action, Form CON-12A, Certifica-
tion of Compliance With Government Code Section 7507, and Form CON-11 , Sample
Ordinance are also enclosed.
Chapter 941 , Statutes of 1977 (Section 7507, Government Code), requires your
governing body to make public the cost implications of the proposed contract
amendment at least two weeks prior to the authorization of increased retirement
benefits. Although this amendment creates no additional employer (or employee)•
costs, as determined by System actuaries, Section 7507 requires your governing
body, when adopting this Resolution of Intention, to make public the increase
in benefits. When forwarding the executed Resolution of Intention documents,
please include the enclosed Form CON-12A, Certification of Compliance With
Government Code Section 7507. This must be completed to verify that the
requirements for publication of costs have been met.
As soon as we receive one executed copy of the Resolution of Intention (with
attached exhibits), Certification of Governing Body's Action (Form CON-12),
Certification of Compliance With Government Code Section 7507 (Form CON-12A),
and any other required forms, we will forward additional copies of the amend-
ment and the documents necessary to complete your governing body's final
action. That final action will require an affirmative vote of the majority of
your governing body and must be deferred for at least twenty days after the
adoption of the Resolution of Intention.
In summary, the following documents must be returned to this office before we
can forward final documents to you: (original signatures are required on all
of these documents)
1 . One executed copy of the Resolution of Intention (with attached
Exhibits), original or certified copy.
2. Certification of Governing Body's Action (Form CON-12), original or
certified copy.
3. Certification of Compliance With Government Code Section 7507
(Form CON-12A), original or certified copy.
~ A
Effective date of the amendment cannot be earlier than the beginning of a
payroll period following the effective date of the final action of your
governing body.
If you have any questions regarding this letter or the enclosed material,
please do not hesitate to contact us.
Yours truly,
Ellen H. Baltezore, Chief
Contracts Division
EHB:jf
Enclosure
cc: Los Angeles Area Office