HomeMy WebLinkAbout80-81 - Resolutions RESOLUTION NO. 80-81
A RESOLUTION OF INTENTION OF THE CITY COUNCIL OF
THE CITY OF RANCHO CUCAMONGA 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 RANCHO CUCAMONGA
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 contract, 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 change
proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide Section 20614 (Reduction of normal
member contribution rate). From and after the
effective date of this contract amendment, the
normal member contribution rate shall be -0-%.
NOW, THEREFORE, BE IT RESOLVED, that the governing body of the
above agency gives, and it does hereby give notice of intention to
approve an amendment to the contract between the said governing body and
the Board of Administration of the Public Employees' Retirement System,
a copy of said amendment being attached hereto, as an "Exhibit" and by
this reference made a part hereof.
PASSED, APPROVED, and ADOPTED this 20th day of August, 1980.
AYES: Frost, Mikels, Palombo, Bridge, Schlosser
NOES: None
ABSENT: None
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Philip D. Schlosser, Mayor
ATTEST:
Lauren M. Wasserman, City Clerk