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Ord 2367
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Ord 2367
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Last modified
10/11/2019 2:48:48 PM
Creation date
10/11/2019 2:48:46 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
9/12/2011
Description
ORDINANCE NO. 2367 AN ORDINANCE OF THE CITY OF REDWOOD CITY AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM FOR THE MISCELLANEOUS SAFETY GROUPS The City Council of the City of Redwood City does ordain as follows: Section 1. That an amendment to the contract between the City Council of the City of Redwood City and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked Exhibit A, and by such reference made a part hereof as though herein set out in full. Section 2. The Mayor of the City Council is hereby authorized, empowered and directed to execute said amendment for and on behalf of the Agency
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� d. A reasonable amount, as fixed by the Board, payable in one <br /> � installment 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 /> 15. 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 /> 16. Contributions required of Public Agency and its employees shall be paid <br /> by Public Agency to the Retirement System within fifteen days after the <br /> end of the period to which said contributions refer or as may be prescribed <br /> by Board regulation. If more or less than the correct amount of <br /> contributions is paid for any period, proper adjustment shall be made in <br /> connection with subsequent remittances. Adjustments on account of <br /> errors in contributions required of any employee may be made by direct <br /> payments between the employee and the Board. �� <br /> + <br /> B. This amendment shall be effective on the ��day of � C}ob�r ,�n l I. <br /> BOARD OF ADMINISTRATION CITY COUNCIL <br /> PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF REDVVOOD CITY <br /> BY ��7a�c�, U�� �� BY ✓ <br /> DARRYL WATSON, CHIEF PRES C <br /> CUSTOMER ACCOUNT SERVICES DIVISION <br /> QUBLIC EMPLOYEES' RETIREMENT SYSTE <br /> /� <br /> itne ate <br /> est: <br /> C k <br /> AMENDMENT ER#8 <br /> PERS-CON-702A <br />
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