HomeMy WebLinkAbout3630_CCv0001.pdf RESOLUTION NO. 3630
RESOLUTION OF TNTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN THE
BOARD OF ADMINISTRATION OF THE
PUBLIC r-MPTLOYEEES' RETIREMENT SYSTEM
AND THE
CITY 'C'OU14CIL
0
OW THE
rITTY OF REDLANDS
WHEREAS, the Fublio Employees' Retirement Law permits the participation of
public agencies and their employees in the Public Empiooyees'
Retirement System by the execution of a contract, and sets forth the
procedure by which said public agencies may elect to subject gene=-
selves 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 resolu-
tion 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 20614 (Reduction of normal member
contribution rate) . From and after the effective date
of this contract amendment, the normal member contri-
bution rate shall b.-_ 0% for local miscellaneous members.
7% for local fire members, and 6.11 for local police
Leber .
NOW, THEREFORE, BE TT RESOLVED, that the governing body of the above agency
gives, and it 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 Systen,
a copy of said amendment being attached hereto, as an "Exlhib it1T and
bv this reference made a part hereof.
ly
(NAME
a4r at tb Cit Redlands
December 4 , 1979
(Date adopted and approved) Ret. Form 122