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RESOLUTION N0, 6669
Employer code: 0094
EMPLOYER PICKUP RESOLUTION
PRE-TAX PAYROLL DEDUCTION PLAN
FOR SERVICE CREDIT PURCHASES
(CONTRIBUTION CODE 14)
WHEREAS, the Board of Administration of the California Public Employees' Retirement System
(CaIPERS) at the April 1996 meeting approved apre-tax payroll deduction plan for service credit
purchases under Internal Revenue Code (IRC) section 414(h)(2); and
WHEREAS, the City of Arcadia {Employer} has the authority to implement the provisions of IRC section
414(h)(2) and has determined that even though implementation is not required by law, the tax benefit
offered by this section should be provided to those employees who are members of CaIPERS; and
WHEREAS, the City of Arcadia {Employer} elects to participate in the pre-tax payroll deduction plan for
all employees in the following CaIPERS Coverage Group(s):
{Membership Coverage Group(s)}
All Miscellaneous and All Safety Coverage Groups
NOW, THEREFORE, BE IT RESOLVED:
That the City of Arcadia (Employer} will implement the provisions of IRC section 414(h)(2) by making
employee contributions for service credit purchases pursuant to the California State Government
Code on behalf of its employees who are members of CaIPERS and who have made a binding
irrevocable election to participate in the pre-tax payroll deduction plan. "Employee contributions" shall
mean those contributions reported to CaIPERS which are deducted from the salary of employees and
are credited to individual employee accounts for service credit purchases, thereby resulting in tax
deferral of employee contributions.
II. That the contributions made by the City of Arcadia {Employer} to CaIPERS, although designated as
employee contributions, are being paid by the City of Arcadia {Employer} in lieu of contributions by the
employees who are members of CaIPERS.
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111. That the employees shall not have the option of choosing to receive the contributed amounts directly
instead of having them paid by the City of Arcadia {Employer} to CaIPERS.
IV. That the City of Arcadia {Employer} shall pay to CaIPERS the contributions designated as employee
contributions from the same source of funds as used in paying salary, thereby resulting in tax deferral of
employee contributions.
V. That the effective date for commencement of the pre-tax payroll deduction plan cannot be any earlier than
the date the completed resolution is received and approved by CaIPERS.
VI. That the governing body of the City of Arcadia {Employer} shall participate in and adhere to requirements
and restrictions of the pre-tax payroll deduction plan by reporting pre-tax payroll deductions when
authorized by CaIPERS for those employees of the above stated Coverage Group(s) who have elected to
participate in this plan.
PASSED AND ADOPTED by the governing body of the City of Arcadia {Employer}
this 17th day of February, 2009. {year}
BY "~ "~
(Signature of Official)
RETURN ADDRESS:
City of Arcadia
240 West Huntington Drive
Arcadia, CA
91007
Mayor of the City of Arradta
(Title of Official}
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FOR CALPERS USE ONLY
Pre-tax payroll deduction plan effective date:
Approved By:
MEMBER SERVICES DIVISION, Service credit section-Unit 830
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies
that the foregoing Resolution No. 6669 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 17th day of February, 2009 and that said
Resolution was adopted by the following vote, to wit:
AYES: Council Member Amundson, Chandler, Kovacic, Wuo and Harbicht
NOES: None
ABSENT: None
_,
ity Clerk of the City of Arcadia
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