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6/25/01 <br /> <br /> ORIGINAL <br /> <br /> ORDINANCE NO. 2210 <br /> <br /> ORDINANCE APPROVING AND AUTHORIZING EXECUTION <br /> OF AMENDMENT TO AGREEMENT BETWEEN THE CITY OF <br /> REDWOOD CITY AND THE BOARD OF ADMINISTRATION OF <br /> THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO <br /> PROVIDE GOVERNMENT CODE SECTION 20042 (ONE-YEAR <br /> FINAL COMPENSATION) FOR LOCAL MISCELLANEOUS <br /> MEMBERS <br /> <br /> WHEREAS, pursuant to the Public Employees' Retirement Law (Govt. C. <br />§20000 et seq.) the City of Redwood City has heretofore entered into an <br />agreement with the Board of Administration of the Public Employees' Retirement <br />System to participate in said System; and <br /> <br /> WHEREAS, the City Redwood City desires to amend its agreement with <br />said Board of Administration in order to provide for the single highest year of <br />compensation to calculate the retirement benefit relating to the One-Year Final <br />Compensation for local miscellaneous members, pursuant to Government Code <br />Section 20042; and <br /> <br /> WHEREAS, pursuant to Resolution No. 14255 adopted June 11, 2001, <br /> <br /> this Council sets forth its intention to approve said amendment; <br /> NOW, THEREFORE; <br /> <br /> THE COUNCIL OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: <br /> SECTION 1. That an amendment to the agreement between the City of <br /> Redwood City and the Board of Administration of the California Public <br /> Employees' Retirement System is hereby authorized, a copy of which <br /> <br /> Ord-'~30 <br /> Shared/redwood/council <br /> FXS:djk <br /> 05/22/0'1 <br /> <br /> <br />