HomeMy WebLinkAbout02-017 - Resolutions RESOLUTION NO. FD 02-017
A RESOLUTION OF BOARD OF DIRECTORS OF THE RANCHO
CUCAMONGA FIRE PROTECTION DISTRICT AUTHORIZING THE
ESTABLISHMENT OF THE PARS RETIREMENT SYSTEM PLAN TO BE
ADMINISTERED BY PHASE II SYSTEMS, PARS TRUST
ADMINISTRATOR FOR DISTRICT EMPLOYEES
WHEREAS, The Board of Directors of the Rancho Cucamonga Fire Protection District has
determined that it is in the best interest of the City to establish the PARS
Retirement System Plan to provide retirement benefits for its employees and
their beneficiaries; and
WHEREAS, the District is eligible to be a member of the Public Agency Retirement System
(PARS), and provide to its employees a governmental plan, qualifying under
relevant sections of the Internal Revenue Code and the California Government
Code; and,
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the City of Rancho
Cucamonga Fire Protection District that:
1. The Board of Directors does hereby adopt the PARS Trust, including the
PARS Retirement System Plan (RSP) for District employees effective
December 1, 2002.
2. The City's PARS Administrator is hereby authorized to execute the PARS
legal and administrative service documents on behalf of the District to
implement a PARS supplemental plan to CaIPERS. In addition, if the
District's PARS Administrator finds that the PARS supplemental plan benefit
must be limited under Section 415 of Internal Revenue Code, then the Plan
Administrator will implement replacement benefit programs at no additional
cost to the District.
3. The Board of Directors hereby appoints the City Manager or his successor or
his designee as the District's Plan Administrator for PARS, and further
authorizes him to implement the Plans and to take whatever additional
actions are necessary to maintain the participation of the District in PARS and
to maintain PARS compliance with relevant regulations issued or as may be
issued by the Federal or State government or agencies.
Please see the following page for
formal adoption,certification and signatures
Resolution No. FD 02-017
Page 2of2
PASSED,APPROVED, AND ADOPTED this 17`h day of July 2002.
AYES: Alexander, Biane, Curatalo, Dutton, Williams
NOES: None
ABSENT: None
ABSTAINED: None
4
William J. Alexan r, President
ATTEST:
ra J. Ada ecretary
I, DEBRA J. ADAMS, SECRETARY of the Rancho Cucamonga Fire Protection District, do hereby
certify that the foregoing Resolution was duly passed, approved, and adopted by
the Board of Directors of the Rancho Cucamonga Fire Protection District, at a
Regular Meeting of said Board held on the 17`h day of July 2002.
Executed this 18`h day of July 2002 at Rancho Cucamonga, California.
'Lzl� Q
ebra J. Adams, Secretary