2005-172RESOLUTION N0.2005 - 172
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM GNING
NOTICE OF ITS INTENTION TO APPROVE AN AMENDMENT TO THE
CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY
OF ANAHEIM
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 subj ect themselves and their employees to amendment
to said Law; and
WHEREAS, the City of Anaheim has previously entered into a contract
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with the Board of Administration of the Public Employee's Retirement System, dated
July 25,1950, and effective September 1,1950, which contract has been amended on
several occasions; and
WHEREAS, one of the steps in the procedures to amend the above-
mentioned contract is the adoption by the City Council of a resolution giving notice of
its intention to approve and amendment to the contract, which resolution shall contain a
summary of the change or changes proposed in the contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 21354.5 (2.7% @55 Full Formula)
for local miscellaneous members.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Anaheim does hereby give notice of its intention to approve said amendment to
the contract between the City of Anaheim and the Board of Administration of the Public
Employees' Retirement System, a copy of which amendment is attached hereto as
"Exhibit A" and by this reference made a part hereof.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of the
City of Anaheim this 23rd day of August 2005.
AYES: Mayor Pringle, Council Members Sidhu, Hernandez, Galloway, Chavez
NOES: None
ABSENT: None
ABSTAIN: None
MAY THE CI ANAHEIM
ATTEST:
I Y CL THE CITY OF ANAHEIM