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RESOLUTION NO. 6224
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARCADIA, CALIFORNIA, TO PROVIDE A
RETffiEMENTENHANCEMENTPROGRAM
TO ELIGIBLE CITY EMPLOYEES
WHEREAS, it is detennined to be in the best interest of the City and its
employees to provide a Retirement Enhancement Program to eligible employees; and
WHEREAS, the City is eligible to be a member of the Public Agency Retirement
System (PARS) Trust, which has made available a Retirement Enhancement Plan
supplementing CALPERS and qualifying under the relevant sections of the Internal
Revenue Code and the California Government Code.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
Section I.
The City Council hereby adopts the PARS Trust, including the
PARS Retirement Enhancement Plan, as part of the City Retirement Program effective
May IS, 200 I.
Section 2.
The City Council hereby appoints the City Manager or his/her
designee as the City's Plan Administrator for the Public Agency Retirement System.
Section 3.
The City's PARS Administrator is hereby authorized to execute
the PARS legal and administrative service documents on behalf of the City to implement
a PARS supplemental plan to CALPERS.
Section 4.
The City Clerk shall certify to the adoption of the Resolution.
6224
Passed, approved and adopted this 15th day of May 2001.
ATTEST:
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APPROVED AS TO FORM:
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Stephen P. Deitsch
City Attorney
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6224
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6224 was passed and adopted by the City Council of the
City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular ,
meeting of said Council held on the l5th day of May, 200l and that said Resolution
was adopted by the following vote, to wit;
A YES: Councilmember Chandler, Chang, Kovacic, Marshall and Segal
NOES: None
ABSENT: None
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6224