59R-5051
RESOLUT ION NO. 2Qi!.
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM AUTHORIZING .AND APPROVING AN
ACTUARIAL SURVEY TO BE MADE RELATING TO
RETIREMENT OF CITY EMPLOYEES.
WHEREAS, the City of Anaha m has heretofore entered
into a contract with the Board of Administration of the State
Employees' Retirement System of the State of California; and
WHEREAS, the Board of Administration has submitted
to the City an agreement to be entered into by and between
the City of Anaheim and the firm of Coates, Herfurth and
England, Consulting Actuaries, covering the employment of
said Consulting Actuaries by the City of Anaheim for the
following work:
1. To make as of June 30, 1958, with reference to
persons who have been and are members of the
State Employees' Retirement System with credit
for services rendered as employees, the investi-
gation and valuation provided for in Section
20127 of the State Employees' Retirement Law,
the results of said investigation and valuation
to be the basis of determination by the Board of
Administration, State Employees' Retirement
System, of any necessary adjustment in the
contributions required of the City of Anaheim
under the contract between its legislative body
and said Board.
2. To make as of June 30, 1958, such valuation of
assets and liabilities as may be necessary to
determine the contribution which would be re-
quired of the City of Anaheim if it subjected
itself and its employees to certain amendments
to the Retirement Law.
the cost of such work to be the sum of $395.05, which amount
shall be payable by the City of Anaheim when a summary of
the results of the calculations made under said agreement
is delivered to the Board of Administration of the State
Employees' Retirement System; and
WHEREAS, the City Council does find and determine
that it would be to the advantage and for the best interest
of the City of Anaheim and its employees to have such
actuarial investigation and valuation made by said Consulting
Actuaries; and that the proposed agreement submitted to the
City by said Board of Administration to be entered into by
and between the City of Anaheim and Coates, Herfurth and
England, Consulting Actuaries, should be approved and its
execution authorized;
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NON, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that the proposed contract this day
submitted to the City Council to be entered into by and be-
tween the City of Anaheim and the firm of Coates, Herfurth
and England, Consulting Actuaries, for making an investigation
and valuation of the matters set forth in said contract and
hereinabove mentioned, be, and the same is hereby, approved;
and that the Mayor and City Clerk be, and they are hereby,
authorized and directed to execute said contract for and on
behalf of the City of Anaheim.
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AND BE IT FURTHER RESOLVED that the City Auditor
be, and he is hereby, authorized and directed to pay to
said firm for the full performance and completion of said
services the sum of $395.05.
THE FOREGOING RESOLUTION is approved and signed
by me this 17th day of February, 1959.
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CIT. cLf:2~. T~~IM.
STATE OF CALIFORNIA
COUNTY CF ORANGE s s .
CITY OF ANAHEIM
I, DENE M. WILLIAMS, City Clerk of the City of
Anaheim, do hereby certify that the foregoing Resolution was
adopted at an adjourned regular meeting provided by law of
the City Council of the City of Anaheim, held on the 17th
day of February, 1959, by the following vote of the members
thereof:
AYES: COUNCILMEN: Borden, Coons, Fry, Pearson
and Schutte.
NOES: COUNCILMEN: None.
ABSENT: COUNCILMEN: None.
AND IF FURTHER CERTIFY that the Mayor of the City
of Anaheim approved and signed said Resolution on the l7~
day of February, 1959.
IN WITNESS WHEREOF, I have hereunto set my hand
and affixed the official seal of the City of Anaheim this
17th day of February, 1959.
L)k~
CI#hERK OF THE OFAHEIM.
(SEAL)
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