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HomeMy WebLinkAboutResolution 95-290 11/06/1995 ?S®I.~~~®~ 95-290 ~.C.?S. ®f e City ®f Pet~~a, Califo>a RESOLUTION TO POOL 1959 SURVIVOR BENEFITS BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF PETALUMA WHEREAS, Govermnent Code Section 21382.4 provides for a single employer rate to be established to provide benefits under said Section on account of members employed by contracting agencies electing to include the provisions of said Section in their contracts; and WHEREAS, Government Code Section 21382.4 requires pooling of all assets and liabilities of all contracting agencies on account of benefits provided under Article 6, commencing with Section 21.380; NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Petaluma and its covered employees, on account of the benefits provided under Article 6, commencing with Section 21380, shall be pooled pursuant to the provisions of Govermnent Code Section 21382.4. Under the power and authority inferred upon Chia Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to Council of the City of Petaluma at a (Regular) (~Rlt?~t~4>Jx~ meeting form~J on the .....6.th day of .............~ov8~ber•--...........--......., 19...9.5. by the ~ ~ following vote: . . • City Attorney AYES: Maguire, Read, Barlas, Vice Mayor Shea, Mayor Hilligoss NOES: None ABSENT: Ha ilton ~ 4 ATTEST: _ . \ Ci y Clerk Mayor o~u File.(.]._._~...._.._...._.._ ca io-es Res. No....... J.~.-/~ ~ N.C.S.