1955-2661RESOLUTION NO. 2661
A RESOLUTION OF THE CITY COUNCIL OF, THE CITY OF ANAHEIM
REQUESTING THE BOARD OF ADMINISTRATION OF THE STATE
RETIREMENT SYSTEM TO MAKE AN ACTUARIAL SURVEY.
WHEREAS, the City of Anaheim has heretofore entered into a contract
with the Board of Administration of the State Employees' Retirement System of
the State of California; and
WHREAS, 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 cost of
an actuarial survey relating to benefits based on the highest average monthly
compensation earned during three consecutive years of membership, and upon
the increase of death benefits for retired persons from $300 to $400, and
relating to the minimum service retirement age for safety members reduced from
55 to 50 years of age, and relating to contributions of members on military
duty, and relating to prior service credit for members with ten years current
service, and relating to contributions for first six months of service, and
upon the cost of continuation of one -half of the service or industrial dis-
ability retirement allowance to certain dependents upon death of a retired
safety member; 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 survey made by said Board of Administration
to determine the actual cost to the City and to said employees of said
benefits; 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, to determine such cost is
for the benefit of the City and should be approved and its execution authorized.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Anaheim that the proposed contract this day submitted to the City of Anaheim
to be entered into by and between the City of Anaheim and the firm of Coates,
Herfurth and England, Consulting Actuaries, for making an investigation and
valuation upon the matters hereinabove mentioned, be, and the same is hereby,
approved; and that the Mayor and the City Clerk be, and they are hereby,
authorized and directed to execute said contract for and on behalf of the City
of Anaheim.
AND BE IT FURTHER RESOLVED that the City Treasurer 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 $320.85.
THE FOREGOING RESOLUTION is signed and approved by me this 15th day
of March, 1955.
ATTEST:
MAYOR OF THE CITY OF ANAHEIM.
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
(SEAL)
I, DENE M. WILLIAMS, City Clerk of the City of Anaheim, do
hereby certify that the foregoing Resolution was adopted upon a final
reading at an Adjourned Regular Meeting of the City Council of the
City of Anaheim, held on the ,15th day of March, 1955, by the follow-
ing vote of the members thereof:
AYES; COUNCILMEN: Pearson, Fry Wisser, and Van
Wagoner.
NOES: COUNCILMEN: None.
ABSENT: COUNCILMAN: Schutte..,
AND I FURTHER CERTIFY that the Mayor of the City of Anaheim
approved and signed said Resolution on the 15th day of March, 1955.
IN WITNESS WHEREOF, I havehereunto set my hand and
affixed the sea1of the City of Anaheim this 15th day of March, 1955.
w
CITY CLERK OF THE UPI' OF ANAHEIM