Res 91-138RESOLUTION NO. 91-138
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF POWAY, CALIFORNIA,
APPROVING PARTICIPATION IN THE PUBLIC
AGENCY RETIREMENT SYSTEM (PARS)
WHEREAS, it is determined to be in the best interest of the City of Poway
and its employees to provide a qualified retirement system to all part-time
employees, thereby meeting the requirements of Section 11332 of the Social
Security Act: and
WHEREAS, an alternative qualified defined contribution pension plan entitled
Public Agency Retirement System {PARS) is designed for California Public
Agencies; and
WHEREAS, the Public Agency Retirement System {PARS} will qualify as a
retirement plan in place of Social Security coverage,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as
follows:
Section 1. Adoption of the PARS pension plan effective January 1, 1992; and
Section 2. The Personnel Manager is hereby appointed as the Plan
Administrator; and
Section 3. The City Manager is hereby authorized to execute adoption,
agreement and administration agreement and other necessary actions to maintain
the participation and compliance with Section 11332 of the Social Security Act
and the relevant regulations issued or as may be issued.
PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway,
California, at a regular meeting thereof this 17th day of December, 1991.
ATTEST:
Marjorie[~Wahlsten, City Clerk
Resolution No. 91-138
Page 2
STATE OF CALIFORNIA )
) SSo
COUNTY OF SAN DIEGO )
I, Marjorle K. Wahlsten, Clty Clerk of the City of Poway, do hereby certify
under penalty of perjury that the foregoing Resolution No. 91-138 was duly
adopted by the City Council at a meeting of satd City Council held on the 17th
day of December, 1991, and that it was so adopted by the following vote:
AYES: EMERY, HIGGINSON, MCINTYRE, SNESKO, GOLDSMITH
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
klarjori~ ~. Wahlsten, City Clerk
City of P~.~ay