1973-281
RESOLUTION NO. 73R-281
.,;,.....,......-.,
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ANAHEIM DECLARING ITS INTENTION
TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN
THE BOARD OF ADMINISTRATION OF THE PUBLIC
EMPLOYEES' RETIREMENT SYSTEM AND THE CITY
COUNCIL OF 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 con-
tract, 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 resolution shall
contain a 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 provisions apply, payable for 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
members deceased on or prior to December 31, 1970,
are hereby increased 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 lfExhibit An and by this reference incor-
porated into the amendment as though therein set out in full.
NOW, THEREFORE, BE IT RESOLVED that the City Council
of the City of Anaheim gives, and it hereby gives 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.
THE FOREGOING RESOLUTION is approved and signed by
me this 10th day of July, 1973.
ATTEST:
-- -
CLERK OF THE CITY OF ANAHEIM
""""""","""~"..._,"""j.=-.."",,,~,---""~-~""_~-
,..,,-"-.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) s s .
CITY OF ANAHEIM )
I, DENE M. DAOUST, City Clerk of the City of Anaheim,
do hereby certify that the foregoing Resolution No. 73R-281 was
passed and adopted at a regular meeting of the City Council held
on the 10th day of July, 1973, by the following vote of the
members thereof:
AYES:: COUNCILMEN: Sneegas, Pebley, Thom and Dutton
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
ABSTAIN: COUNCILMEN: Stephenson
AND I FURTHER CERTIFY that the Mayor of the City of
Anaheim approved and signed said resolution on the 10th day of
July, 1973.
IN WITNESS WHEREOF; I have hereunto set my hand and
affixed the seal of the City of Anaheim this 10th day of July,
1973.
~~ )t- L2~~y-
CI . CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, DENE M. DAOUST, City Clerk of the City of Anaheim,
do hereby certify that the foregoing is the original of
Resolution No. 73R-281 duly passed and adopted by the Anaheim
City Council on July 10, 1973.
~~ft/~J-
. Ci ty Clerk
... i?
......
....
BxnIUIT A
:... ..
..
rUHLIC f.~rPLOYEES I 1,ETIRf.l.;E1;'f SYSn:H
ACTUAIUl\L "".LUATION TO DETERHIHE COSTS
UNDER SB 135, CHAPn:n. ].ll13 (1972).
(5i..lncre<1!Jc)
. ~'.~'.O" ;'.;'J'
AGENCY NANE: City of Anaheim
AGENCY HUtl13ER: 303
",
DATE: FEBRUARY 9, 1973
..
...........
'" ~.
Indicate desired tr.ethod of fundinG the liabHi ty""r.or the increases \.1ith !'~~:-:J: -::':0: .'."".
to perS0115 retired or meif.bcrs clecez'Ged prior to January 1) 1971:
"
"
HISCELT,ANEOUS 1~EmERS
LUHP su::r i'AYHENT
J YEATIS
5 YEARS
. _$ 102350
.31%
.19%
-. ~:..~-
&'; t:.~,oI
~.'-.?:;:T~!"'{mmERS
.:", '.''t'. ,', ;;,-'; ....'"
LUHP SUH PAYHENT
$ 106556
3. YEARS "."",'""", ::~'Y::~~5 YEARS
. --
.. .69%.~:.~:1',:~'.::.::'~~::::~~: .42%
.... ..... . ~ . ;,,~ ~ \\,'
',..~.:.;~.. .-;:.
. .
.,
'.'::'~:~'..~ ':,,~::.-:.:~'~~~:'~~~~'iz~ ::~'. <;~
~,..I:~~ *f".:":.~.~'~ ~'4..f ~~~:~.~::::.:=:~~.~
". ., .... t..
." . ....., 1',1.'
...,..._..... '.,'\, ~...."4
.. .,'
.. ,~ ,"
. . ....-1
.'I' t- ~ i.
......
..:.
10 YEARS
-~--'.'..
.09%
..;"~". ~ ....~. ....;~.,J..:. ". c
. ,.........
- .
'-.'
'.;>J..O~~\,~~i,"l'~':'~:':. ..... ::;:...~-:
" ~21% ."
... ....""'...
r/'..... .
.
.t...~. ,';1..~\.....:. ...... ...' ':"~..'"
J .. ...