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<br />MINUTE ORDER <br />CITY COUNCIL MEETING <br />REDEVELOPMENT AGENCY <br /> <br />March 13. 2006 <br />MO. 06-50 <br /> <br />CITY CLERK DEPARTMENT <br />Redwood City <br /> <br />DATE: <br /> <br />March 14,2006 <br /> <br />Attention: <br /> <br />City Attorney <br />Human Resources Department <br /> <br />SUBJECT: <br /> <br />Introduction of Ordinance approving and authorizing execution <br />of the amendment to the contract with the California Public <br />Employees Retirement System to provide Government Code <br />21354.5, "2.7% @ 55 Full Formula" for Service Employees <br />International Union, Local 715, Redwood City Management <br />Employees Association and Executive Management <br />(miscellaneous) members effective on July 10, 2006 <br /> <br />AGENDA ITEM: 6.2A (904) <br /> <br />Meeting of the Council of the City of Redwood City on March 13, 2006. <br /> <br />Present: Council Members Aguirre, Bain, Hartnett, Howard, Ira, Vice Mayor Foust, <br />and Mayor Pierce <br /> <br />Absent: None <br /> <br />The following motion was made, carried and entered on the Minutes <br /> <br />MIS Howard/lra to introduce the ordinance approving and authorizing the <br />contract amendment with the Public Employees Retirement System to provide <br />for Government Code Section 21354.5, 2.7% @ 55 Full Formula for all <br />miscellaneous members effective on July 10, 2006. <br /> <br />ORDINANCE AMENDING CONTRACT BETWEEN THE BOARD OF <br />ADMINISTRATION OF CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />AND THE CITY COUNCIL OF THE CITY OF REDWOOD CITY TO PROVIDE <br />GOVERNMENT CODE SECTIONS 21354.5 (2.7% @ 55 FULL FORMULA) FOR <br />LOCAL MISCELLANEOUS EMPLOYEES <br />