CC Resolution 9328
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RESOLUTION NO. 9328
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 21574 (Fourth Level of 1959
Survivor Benefits) for local safety members only; and
WHEREAS, Government Code Section 21574 requires pooling of all assets and liabilities
of all contracting agencies subject to said Section; and
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 ADOPTEDthis 20th day of January 1998, by the following roll call vote:
AYES:
Councilmembers: Conant, Furtado, Dougherty, Dean, Watson
NOES:
Councilmembers: None
ABSENT:
Councilmembers: None
APPROVED:
ATTEJ' ,
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Anne Bybee, City Clerk
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Jeanette Watson, Mayor