HomeMy WebLinkAboutRES-93-5648 (PERS/SURVIROR BENEFITS)i
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RESOLUTION NO. 93- 5648
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 HERMOSA BEACH,
CALIFORNIA
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 procedures to amend this
contract is the adoption by the governing 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 change proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 21382.4 (Third Level of 1959
Survivor Benefits) for local miscellaneous members
and local safety members.
NOW, THEREFORE, BE IT RESOLVED that the governing body of the
above agency does hereby give notice of intention to approve an
amendment to the contract between the said governing body and the
Board of Administration of the Public Employees' Retirement System,
a copy of said amendment being attached hereto, as an "Exhibit" and
by this reference made a part hereof.
BE IT FURTHER RESOLVED that the City Clerk shall certify to
the passage and adoption of this resolution; shall cause the same
to be entered among the original resolutions of said City; and
shall make a minute of the passage and adoption in the records of
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the proceedings of the City Council of said City in the minutes of
the meeting at which time same is passed and adopted.
PASSED, APPROVED and ADOPTED this 14th day of December 1993.
the City
Hermosa
MAYOR of the City of
ornia
ATTEST:
V
City Clerk
APPROVED AS TO FORM:
1 City Attorney
(ZWZI 'A91) 00900
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AGREEMENT
AUTHORIZING THE RELEASE OF
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
INTO THE
THIRD LEVEL 1959 SURVIVOR BENEFIT POOL
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF HERMOSA BEACH
WHEREAS, the City Council of the City of Hermosa Beach has adopted a Resolution of Intention to
include in its contract with the Board of Administration, Public Employees' Retirement
System, pursuant to Government Code Sections 21380-21387, including Government Code
Section 21382.4, the Third Level of 1959 Survivor Benefits for local miscellaneous
members and local safety members; and
WHEREAS, Government Code Section 21382.4, requires all assets and liabilities of all contracting
agencies subject to this section, and their employees who are covered by this section, to be
pooled into a single account;
..., NOW, THEREFORE BE IT AGREED, accumulated and/or future contributions required of the City
of Hermosa Beach and its covered employees are to be released, pursuant to the provisions
of Government Code Section 21382.4, to a single account referred to herein as the Third
Level 1959 Survivor Benefits Pool.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
By
CHIEF, CONTRACT SERVICES DIVISION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
C0505 (Rev. 11/93)
CITY COUNCIL
OF THE
CITY OF HERM
am
Date December 14, 1993
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Contract Services Division
Public Agency Contract Services
P. O. Box 942709
Sacramento, CA 94229-2709
Nqwp� (916) 326-3420
(916) 326-3240 (TDD)
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 Hermosa Beach
(public agency)
on 1)PCPm1-,Pn._]_ATI a 43- which is at least two weeks prior to the adoption of the
(date)
Z *W0rdinance.
LDate December 16, 1993 - ;
Clerk/Secretary - -
Deputy -City Clerk
Title
PERS-CON-12A
C0601 (Rev. 12/92)
M
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF HERMOSA BEACH )
I, Naoma Valdes, Deputy City Clerk of the City
Council of the City of Hermosa Beach, California, do hereby
certify that the foregoing Agreement Authorizing Release of
1959 Survivor Assets and Liabilities was duly and regularly
passed, approved and adopted by the City Council of the City
of Hermosa Beach at a Regular Meeting of said Council at the
regular place therof on December 14, 1993.
AYES!'
."'� NOES : _
ABSTAIN:'
ABSENT:
DATED:
The vote was as follows:
l
Benz, Bowler, Oakes, Reviczky, Mayor Edgerton
None
None
None
December 16, 1993
Deputy City Clerk