CC RESOLUTION 3952RESOLUTION NO. 3952
A RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEN THE BOARD
OF ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF
THE CITY OF EL SEGUNDO
WHEREAS, the Public Employees' Retirement Law permits the participation of
public agencies and their employees in the Public Employees' Retirement System by
the execution of a contact, and sets forth the procedure by which said public agencies
may elect to subject themselves and their employees to amendments to said Law; and
WHEREAS, one of the steps in the procedures to amend this contract is the
adoption by the governing body of the public agency of a resolution giving notice to its
intention to approve an amendment to said contract, which resolution shall contain a
summary of the change proposed in said contract; and
WHEREAS, the following is a statement of the proposed change:
To provide 2% @ 50 Full formula (from 2% @ 55 Full formula) applicable to
local fire members who entered membership on or after April 3, 1982.
• NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency
does hereby give notice of intention to approve an amendment to the contract between said
public agency and the Board of Administration of the Public Employees' Retirement System, a
copy of said amendment being attached hereto, as an "Exhibit" and by this reference made a
part hereof.
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The City Clerk shall certify to the passage and adoption of this resolution; shall enter
the same in the book of original resolutions of said city; and shall make a minute of the
passage and adoption thereof in the records of the proceedings of the City Council of said
city, in the minutes of the meeting at which the same is passed and adopted.
PASSED, APPROVED AND ADOPTED this 21st day of Nove*er, 1995.
ATTESTED:
APPROVED AS TO FORM:
y Attorney
rest %Q50.int
Carl Jacobson, yor of the
City of El Segundo, California
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STATE OF CALIFORNIA ]
COUNTY OF LOS ANGELES ] SS
CITY OF EL SEGUNDO ]
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, DO HEREBY
CERTIFY that the whole number of members of the City Council of the said City is five;
that the foregoing resolution, being RESOLUTION NO. 3952 was duly passed and
adopted by the said City Council, approved and signed by the Mayor or said City, and
attested by the City Clerk of said City, all at a regular meeting of the said Council held
on the 21st day of November, 1995, and the same was so passed and adopted by the
following vote:
AYES: Mayor Jacobson, Mayor ProTem Weston, Councilman Switz,
Councilman Robbins, and Councilwoman Friedkin.
NOES: None
ABSENT: None
ABSTENTION: None
NOT PARTICIPATING: None
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this tlay of
November, 1995.
CINDY VORTESEN
City Clerk of the
City of El Segundo,
California
(SEAL)