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4/27/98 <br /> <br /> ORIGINAL <br /> <br /> RESOLUTION NO. 13321 <br /> <br /> RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT <br /> TO AGREEMENT BETWEEN THE BOARD OF <br /> ADMINISTRATION OF THE PUBLIC EMPLOYEES' <br /> RETIREMENT SYSTEM AND THE CITY OF REDWOOD CITY <br /> <br /> WHEREAS, the City of Redwood City has heretofore entered into an <br />agreement with the Board of Administration of the Public Employees' Retirement <br />System pursuant to the Public Employees' Retirement Law (Govt. C. §20000, et <br />seq.); and <br /> <br />WHEREAS, this Council proposes to amend the agreement; and <br />WHEREAS, prior to approving an amendment to the agreement a <br />resolution of intention shall be adopted giving notice thereof and containing a <br />summary of the change proposed by said amendment; and <br /> <br /> WHEREAS, the following is a statement of the proposed change: <br /> To provide Government Code Section 21354 benefits ("2% @ <br /> 55 Full formula") for local miscellaneous members. <br /> NOW, THEREFORE; <br /> <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD <br />CITY, AS FOLLOWS: <br /> <br /> That the Council of the City of Redwood City does hereby give notice of <br />its intention to approve an amendment to the agreement between the City of <br />Redwood City and the Board of Administration of the Public Employees' <br /> <br /> Reso-394 1 <br /> GAshared~redwood~counciJ 13321 <br /> DES:djk <br /> 04/16/98 <br /> <br /> <br />