HomeMy WebLinkAboutResolution 91-292 10/07/1991_,~
~~S®IL,1t101'1 N®. 91- 292 N.C.S.
of the City of Petaluma, California
RESOLUTION REQUESTING THE
PUBLIC EMPLOYEE'S RETIREMENT SYSTEM
TO EXTEND THE FUNDING PERIOD FOR
CURRENT SERVICE, DEATH BENEFITS AND
1959 SURVIVOR BENEFITS
ACTUARIAL LIABILITIES
WHEREAS, the City of Petaluma is a contracting agency of the
Public Employee's Retirement System, and
WHEREAS, the City of Petaluma has been advised by the Contract
Services Division of the Public Employee's Retirement System that the City of
Petaluma may request the extension of its funding period for the miscellaneous
and safety categories for current service, death benefits and 1959 Survivor
Benefits actuarial liabilities to June 30, 2016, under the terms of the contract with
the Public Employee's Retirement System., and
WHEREAS, the City Council reviewed the estimated annual cost
implications of the extended funding period at a regularly scheduled public City
Council meeting on September 16, 1991, and
BE IT THEREFORE RESOLVED, that the City Council of the
City of Petaluma does request the extension of the funding period for the current
service, death benefits and 1959 Survivor Benefits actuarial liabilities to June 30,
2016, under said agreement and further resolves to direct the Clerk to forward two
certified copies of this resolution to the Public Employee's Retirement System.
Under the power and authority conferred upon this 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) (~~nxil~d~r~f~~e~) meeting form
on the .._...2.th............ day of ...................Llctober......................., 1x..91., by the
following voter
City A torney
AYES: Read, Davis, Cavanagh, Sobel, Nelson, Vice Mayor Woolsey
NOES: None
ABSENT: Mayor ill oss
........ .. . ... ... ...............................
ATTEST: ~~
-- - ,
City Clerk ~a~ `A or Vice ayor
'"G~liY~l File..-- ...............................
ca io-ss ReS. No...9.1-.2.9.2......,... N.cs.
y
.,, ' PUBLIC EMPLOYEES' RETIREl~N'P SYSTF.HD
„' Public Agency Contract Services
,-
' Contract Services Division - Section 220
Post Of'f:ce Box 94270.9
' Sacramento, CA 94'229-2709
Telephone (916) 3'26-3420 '
326-3240 (Telecommunications
• Device for the Deaf)
CERTIFICATION OF COi!~LIANCE KITH
GOVERNl4ffi~FP CODS. SECTION 2507
I hereby certify that in accordance with Section 7507 of the Government
~; .
Code the future annual cosEs. as deter'mi'ned by ttie• System Actuary and/or the
increase in retirement bene:fit(rs:);have been made public at a public meeting
by the City Council of City of Petaluma:
(governing body)
(public agency)
at least two weeks prior to the adoption of`~the final Ordinance/Resolution.
Date: October 23., 1991
original signatur~~~~ ~/~
City Clerk
official title
CSD-CON-12A (Rev. 4/91)
C0601~