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HomeMy WebLinkAbout4477 TERHI~ATION RESOLUTION ~RSJ$SD-64 Rev. 4 (2/68) .' . . RESOLUT I ON NO. 4477 (Requesting termination of the Social Security (Old-Age, Survivors, Disability, and Health Insurance) Agreement between the CITY OF ARCADIA and the State of California) WHEREAS, the CITY OF ARCADIA , hereinafter referred to as "Pub I i c Agency", and the State of Ca 1 i forn I a entered I nto an ag reement on December lO 19~, providing for the Inclusion of the services of eligible employees of the Public Agency in the California State Social Security Agreement of Harch 9, 1951, pursuant to the provisions of Section 218 of the Social Security Act; and WHEREAS, coverage of such services under the said agreement between the Public Agency and the State of California has been in effect for not less than five years from the effective date of coverage specified in said agreement, as required by law for termination of coverage; and WHEREAS, it is understood that if the said agreement between the Public Agency and the State of California, and the California State Social' Security Agreement with respect to the Public Agency, are terminated, the Public Agency may not again enter into an agreement with the State to provide for inclusion of the services of its employees in the California State Social Security Agreement; Now, therefore, be it RESOLVED, That the City Council , find and it hereby finds that it is in the best interest of the Public Agency to terminate said agreement with respect to all coverage groups thereof: and be it further RESOLVEO, That the Authorized Agent of the Public Agency be, and he is hereby author- ized and directed to notify the Board of Administration of the Public Employ. ees' Retirement System of termination of the agreement of Lecember lO 19~, between the Public Agency and the State of California, as required by law, effect ive March 31 , 19 77: and be it further -2- RESOLVED, That the said Board of Administration be, and it is hereby, requested to take such action as is required to effect termination of the California State Social Security Agreement of Karch 9, 1951, with respect to all coverage groups of the Public Agency, effective March 31 , 19...22..; and be it further RESOLVED, That the Authorized Agent of the Public Agency be and Is hereby directed to forward to the Board of Administration a certified copy of this Resolution. .----------------------------------------------------------------------------- IT IS HEREBY CERTIFIED That the foregoing Resolution was duly introduced and regularly adopted ata regular/special meeting of the Citv Council of the CITY OF ARCADIA February held on the 4th day of 75 , 19____, by the following vote: AYES Councilmen Gilb, Helms, Lauber I Saelid and Scott NOES None BY ~/- 7?~ TITLE Mayor PERS-SSD-64 Rev. 4 ( 1/74)