HomeMy WebLinkAbout78-02 - ResolutionsRESOLUTION NO. 78-2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, OF INTENTION TO APPROVE A CONTRACT
BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF RANCHO CUCAMONGA
WHEREAS, the Public Employees' Retirement Law permits the
participation of public agencies in the Public Employees' Retirement
System, making their employees members of said System, and sets forth
the procedure by which participation may be accomplished; and
WHEREAS, one of the steps required in the procedure is the adoption
by the Governing Body of the Public Agency of a resolution giving notice
of intention to approve a contract for such participation between said
Governing Body and Retirement System Board of Administration, which
resolution shall contain a summary of the major provisions of the proposed
retirement plan; and
WHEREAS, attached is a summary of the major provisions of the
proposed plan;
NOW, THEREFORE, BE IT RESOLVED, that the Governing Body of
the above agency gives, and it does hereby give notice of intention
to approve a contract between said Governing Body and the Board of
Admirlstration of the Public Employees' Retirement System, providing for
part: ipation of said agency in said Retirement System, a copy of said
contract and a copy of the summary of the major provisions of the proposed
plan being attached hereto, as an "Exhibit," and by this reference made
a part hereof.
PASSED, APPROVED, and A~I~)PTED this 4th day of January, 1978.
ATTEST:
H.K. Hunter
City Clerk