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Res89 10959
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Res89 10959
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Last modified
10/11/2019 1:51:05 PM
Creation date
10/11/2019 1:51:04 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
1/9/1989
Description
JAN 9 1989 RES 0 L UTI 0 N N O. 10959 OHIGINAL RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE COUNCIL OF THE CITY OF REDWOOD CITY RELATING TO CERTAIN LOCAL SAFETY MEMBERS
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<br />'t * <br /> <br />COP Y <br /> <br />* * * <br /> <br />d. A reasonable amount, as fixed by the Board, payable in one in- <br />stallment as the occasions arise, to cover the costs of special <br />valuations on account of employees of Public Agency, and costs of <br />the periodic investigation and valuations required by law. <br /> <br />10. Contributions required of Public Agency and its employees shall be <br />subject to adjustment by Board on account of amendments to the Public <br />Employees' Retirement Law, and on account of the experience under the <br />Retirement System as determined by the periodic investigation and <br />valuation required by said Retirement Law. <br /> <br />11. Contributions required of Public Agency and its employees shall be <br />paid by Public Agency to the Retirement System within thirty days <br />after the end of the period to which said contributions refer or as <br />may be prescribed by Board regulation. If more or less than the <br />correct amount of contributions is paid for any period, proper <br />adjustment shall be made in connection with subsequent remittances. <br />Adjustments on account of errors in contributions required of any <br />employee may be made by direct payments between the employee and the <br />Board. <br /> <br />B. This amendment shall be effective on the <br />,19 . <br />~- <br />BOARD OF ADMINISTRATION ~ <br />PUBLIC EMPLOYEES' RETIREMENT~~EM <br />~' <br />.,..1,..~ <br />~<-V1- <br />BY C:;~ <br />ASSISTANT E~E ~~E OFFICER <br />PUBLIC EMPL S' RETIREMENT SYSTEM <br />o <br />..~ <br />('-j.< <br />Ti,\:::;r <br />\ <br /> <br />day of <br /> <br />CITY COUNCIL <br />OF THE <br />CITY OF REDWOOD CITy~J( <br />&~ <br />BY ~ <br />Presiding o~~r <br /> <br />~ <br />C' <br />~", <br />Witr# Date <br /> <br />~st: <br /> <br />{{~ <br />qX" <br /> <br />Clerk <br /> <br />PERS-CON-702 (AMENDMENT) <br />(Rev. 6/88) <br /> <br />10959 <br />
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