CC Resolution 9438
RESOLUTION NO. 9438
A RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO THE CONTRACT BETWEEN
THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND
THE CITY COUNCIL OF THE CITY OF CAMPBELL
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 procedures 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 Section 21573 (Third level of 1959 Survivor Benefits)
for local miscellaneous members only; and
WHEREAS, Government Code Section 21573 requires pooling of all assets and liabilities of all
contracting agencies subject to said Section.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell does
hereby give notice of intention to approve an amendment to the contract between said public agency
and the Board of Administration of the Public Employees' Retirement System, a copy of said
amendment being attached hereto as "Exhibit A" and by this reference made a part hereof; and the City
Council of the City of Campbell does also hereby authorize the Mayor to execute the Agreement to Pool
1959 Survivor Benefits Assets and Liabilities document attached hereto as "Exhibit B".
PASSED AND ADOPTED this ....lL day of September 1998, by the following roll call vote:
AYES:
Councilmembers: Conant, Furtado, Dougherty, Dean, Watson
NOES:
Councilmembers: None
ABSENT:
Councilmembers: None
APPROVED:
ATTEST:
a~~~<<-
Anne Bybee, City Clerk