CC Resolution 8777
RESOLUTION 8777
A RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO
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 2 % @ 55 Full & Modified formula for local miscellaneous
members.
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 an "Exhibit" and by this reference made a part
hereof.
PASSED AND ADOPTED, this 7th day of February, 1995, by the following roll call
vote:
AYES:
Councilmembers: Watson, Dougherty, Conant, Wilkinson, Burr
NOES:
Councilmembers: None
ABSENT:
Councilmembers: None
APPROVED:
~
ATTEST:
a~
Anne Bybee, City Clerk