Res16 15539 - Laserfiche WebLink

Browse Search

11/28/2016 RESOLUTION NO. 15539 RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL CITY OF REDWOOD CITY 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 20516 (Employees Sharing Additional Cost) of an additional 1 % for classic local fire members in the International Association of Fire Fighters Local 2400 and 3% for classic local police members in the Redwood City Police Officers' Association . NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS : 1 . That the governing body of the above agency 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. , By: Presiding Officer MA-U a✓ Title { 1 20)(�i Date adopted and ak ATTY/RES0.0110/CC RESO INTENT TO APPROVE AMENDMENT WITH CALPERS RESO. NO. 15339 REV: 11-15-16 RL MUFF NO. 904 Page 1 of 1