Res 90-074RESOLUTION NO. 90- 074
A RESOLUTION OF INTENTION OF THE CITY COUNCIL
TO APPROVE AN AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY OF POWAY
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 governing 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 2% @ 50 Full formula (from 2% @ 55 Full formula)
for local safety members.
NOW, THEREFORE, BE IT RESOLVED that the governing body of the above
agency 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.
ATTEST:
Marjorie K~ Wahlsten, City Clerk
Resolution No. 90- 074
Page 2
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
I, Marjorie K. Wahlsten, City Clerk of the City of Poway, ~o~ereby certify
under penalty of perjury that the foregoing Resolution No. 90- ~* was duly
adopted by the City Council at a meeting of said City Council held on the 3rd
day of April, 1990, and that it was so adopted by the following vote:
AYES:
NOES:
BRANNON, EMERY, GOLDSMITH, KRUSE, HIGGINSON
NONE
ABSTAIN: NONE
ABSENT: NONE
Marjorie K~ Wahlsten, City Clerk
City of ~Way