HomeMy WebLinkAboutResolution 6415 N.C.S. 09/17/1973 DER:mi 9-14-73 '>'
lResoution„No 6'415:
N.C,S: •
QR a NA L
RESOLUTION OF INTENTION TO APPROVE_AN. .AMENDMEN:T TO CONTRACT .
BETWEEN ..THE' BOARD 'OF ADMINISTRATION OF THE PUBLIC EMPLOYEES°
RETIREMENT SYSTEM AND THE ;CITY COUNCIL OF THE' 'CITY OF PETALUMA
INTRODUCED BY COUNCILM _nn: t• i ' '' A Regular
AIY�( At Arr lea Meeting of
the City Council of the City of Petaluma/on the 17th day of September 19 73
XNRIRIIESOXYBPX1cHAI
WHEREAS , the Public Emp'ioyees'• 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 procedure to amend this contract is the
adoption by the legislative body of the' Public agency of a resolution giving
notice "of its intention to approve an amendment to said contract , which resolu-
tion shall containa 'summary of the changes proposed in said contract; and
WHEREAS, the following is a statement of the 'proposed change :
Retirement allowances to which the annual cost-of-living provi-
sions apply, payable: ;for the 'time commencing on the': first day of
the calendar month coinciding with 'or next following the effective '
date of this amendment to, or on account of persons retired or mem-
bers deceased on or prior to December 31., .19,10 ,: are hereby. increased'
by 5% .
WHEREAS, the estimate of the cost of such 'Change ;for the public agency is
set forth in a copy of the valuation report 'attached hereto, marked "Exhibit A
and by this refer'ericeincorporated into the amendment as though therein set out?
in full ,
NOW, THEREFORE , BE IT RESOLVED, that ,the City. Council of the City of Petaluma,,
gives., and it hereby given notice 'of intention to approve an amendment to the
contract between the City. Council and the Board of Administration of the
Public Employees.' Retirement .System to accomplish the above change.
under the power and authority conferred upon this Coundl byithe'Charter of said City.
t COUNCILMEN VOTE
Seconded by Sizi-6 c lil �"�� Ayes .Noes Absent
I Councilman,Robert A. Brunner g
I here y certify that the foregoing resolution' duly and
regularly introduced and adopted byrthe Connell of the'City of Johm W. Cavanagh, Jr: X.
Petaluma, on The 17.thday of Se,ptemb. r 1973 by
the following vote: Robert E. Daly X
(SEAL) ., .7 v, James L. Harberscu X
Mayor of:theCity:of Petaluma. Fred V: Mattel X
/: /� William A. Perry; Jr. X
AttesF Zd'..L.C"Cit C_erk.�..._.._. Mayor Helen Putnam X
v ` _ /6 V // 5
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