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HomeMy WebLinkAbout3746 . . RESOLUTION 3746 RESOLUTION OF INTENTION TO APPROVE AN AMENIMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM AND TIlE CITY COUNCIL OF THE CITY OF ARCADIA WHERE/;S, the State Employees' Retirement Law pennits the participation of public agencies and their employees in the State 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 vffiEREAS, one step in said procedure 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 changes proposed in said contract; and WHEREAS, the following is a statement of the proposed change: 1. Retirement allowances payable for time commencing on the first day of the calendar month coinciding with or next following the effective date of this amendment to or on account of any person whose retirement became effective on or prior to December 31, 1961 are hereby increased according to a sliding scale ranging from two percent for those whose retirement became effective dur- ing the eighteen months ending December 31, 1961, to a maximum of ten percent for those whose retirement became effective July 1, 1957, or earlier, but not to exceed the sum of ~50 per month, as provided in Government Code Section 21251.6 added by Chapter 2099, Statutes of 1963. NOW THEREFORE, BE IT RESOLVED, that the CITY COUNCIL of the CITY OF ARCADIA gives, and it hereby gives notice of intention to approve an amend- ment to the contract between the CITY COUNCIL and the Board of Ad- ministration of the State Employees' Retirement System, a copy of said amendment being attached hereto, marked "Exhibit A" and by this reference made a part hereof. CITY COUNCIL OF THE CITY OF ARCADIA BY lJa-e ~, PreSiding Officer Attest: ih~ /~/<16 If (Date adopted and approved) ~__j; ~Chv~A Clerk d~ Ret. Form 122 3746 ," ... .. '.. copy of 01' the 19~, . . CERTIFICATION OF GOVERNING BODY'S ACTION I hereby certify that the foregoing is a true and correct a Resolution adopted by the City of Arcadia (Name of Public P~ency) appearing at Page , Volume City Council ( Governing Body) on lIlecllmb.~r 15 , of the (Minutes) (Official Records) of the ( Governing Body) c::t,,~'./~ ~ ~ 0~L//?c/ CITY CLERK or Secretary of the Board Ret. Form 949 (Rev. 9/57) 75 '\ 3746 'f . EXHIBIT A . ','''''... .' fdbrm;L1r ':'0 ('O:i'l'll.A <JT D.., TI.1;;'i/ TliE DC;" \j) Oi A.iJU ,WlTiit/i'ION STATE ;.;J.t'WYi'.i:}' .,.,,'l'IRl;i.U;:,T 31'STcil A.w ThE em COil~CIL O? Th1J CITY 0.' AflCArJa nil Boord ot Ad;a1nl.trat1on. State zAilployeell<< UeUr_nt SystCllll, hereinafter reterr~ to as iloord, and the CITY COUi.~It of the CITY OF ARCA~IA, here1nafter reterNcl to as PubUc Agency, havilli'! entered into a contract under date ot Sapt4l\llbu 24, 19b, atfectl.. OCtober 1, 194$, ami a. uended ert.cUye Juq- 1, 19S3, Jetnllll7 1, 19S'I, Janae%')' 1, 1956, "anuary 1, 1959, and Januar,19, 1'64. which provid.. tor pllJ't:.1cipation ot Public Agency io aaid fiY8ta. Soard and ~'ubl1c A'1cmcy hereby aane me tollov.1 A. Tbe tolllJ'Wlng Bubparll{;l"aph shall ba added to ParagTapba 5 and 6 of said Contraotl CElotion 212$1.6 ot the Oover_nt COQe (provldinc tor 1ncr..... in allowance. parable tor t1110 oOlllllOnoilll on the first day of the call1,h~O' mont.h colocidini With or n.xt follolfine tile etfeotlve uate or thil _ndMr.t, tc per.ona retired prlor to January 1, 1962). B. ParlJ~ilph 7 (a) ana11 be a!lllmded to read; 1.152 percent 01' t.cltal salarl.. , pald Olontlily to Oeptuber 30, 197$ on aocount ot the Uability tor prior carvice bene!ita. $(c)(9) and 6(8)(6) c. Paragraph 7 (0) shan be UfII1de4 to reail a. follOWlI 7 (b) 6.S02 peroent of total .alnrie. paid b~ ~ubllo ~geno7 each ~onth 1:.0 ita GIlpl07CU 1ibo are and llereatter beoOlllll lUII~r. of .aid ~1lltlrelaent 3ystelll, provloaci that only Nlary Olarne4 as lIIazibere of said S:y.telll eblll be 1l1clllded 1n Slid total 'llar1cs. D. Thle amend~nt ahall be attached to ~~d Contraot and shall ceocme erteetly. on the ':28th clay of ' February 1965 . Witness our Ilanda thi. 15th da,y of December, 1964 . EQAP.D O~ A\);rr;Wr~',TIOIl STA'l'E ~~f'LOY':':;S' :U;1'IilL.l...ii'l' iJY;;T&J C1l1 CClU,iCIL Of THE c,l'll C'I>' liltChilI.l BY t~llUa:D..ci. "arne, I:;xeoutive OfUcer B1 ~ !'reaidlng vtfiaer Atteet. ~~ 7?7~Ik~ Clark Ret. Fol'lll 702 3746