CC RESOLUTION 4175RESOLUTION NO. 4175
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EL SEGUNDO, CALIFORNIA, TO APPROVE AN AMENDMENT
TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION
OF THE CALIFORNIA 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 contract, 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 the contract is the
adoption by the governing body of the public agency of a resolution giving notice of 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 Section 21362.2 (3% @ 50 Full formula) for local police
members only.
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.
SECTION 1. 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.
RESOLUTION NO. 4175
To amend PERS -POA to 3% @50
Page No. 1
PASSED, APPROVED AND ADOPTED this 1 day of August 2000.
6
Mi a Gordon, Mayor of the
City of El Segundo
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Cathy Domann, City Clerk of the City of El Segundo, California, do hereby certify that the
whole number of members of the City Council of said City is five; that the foregoing
Resolution No. 4175 was duly passed and adopted by said City Council, approved and
signed by the Mayor of said City, and attested to by the City Clerk of said City, all at a
regular meeting of said Council held on the 1st day of August, 2000, and the same was so
passed and adopted by the following vote:
AYES: Gordon, Jacobs, Gaines, McDowell, Wernick
NOES: None
ABSENT: None
ABSTAIN: None
Cindy Mortesen, City Clerk
APPROVED AS TO FORM:
ark Hensley, City Attorney
RESOLUTION NO. 4175
To amend PERS -POA to 3% @50
Page No. 2
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229 -2709
(916) 326 -3420
1
CERTIFICATION OF MEMBER
CONTRIBUTION RATE
I hereby certify that the City of El Segundo and its police employees
understand and agree that the required member contribution rate for
members subject to Section 21362.2 3% @ 50 Full formula is 9% of
reportable compensation.
. -c-1v IL
Signature and Title of Governing Body Presiding Officer
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Witne
<6/0Joo
Date
207
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CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229 -2709
(916) 326 -3420
CERTIFICATION OF COMPLIANCE WITH
GOVERNMENT CODE SECTION 7507
I hereby certify that in accordance with Section 7507 of the Government Code
the future annual costs as determined by the System Actuary and /or the increase
in retirement benefit(s) have been made public at a public meeting of the
CITY COUNCIL of the
(governing body)
CITY OF EL SEGUNDO
(public agency)
on Ise of AUGUST which is at least two weeks prior to the adoption of the
(date)
Resolution / Ordinance.
Date AUGUST 2, 2000
PERS- CON -12A (rev. 1/96)
0#&b t1YYVU ^
Clerk/Secretary
DEPUTY CITY CLERK
Title
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Actuarial and Employer Services Division
Public Agency Contract Services
P.O. Box 942709
Sacramento, CA 94229 -2709
(916) 326 -3420
CERTIFICATION OF GOVERNING BODY'S ACTION
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the
CITY COUNCIL
of the
(governing body)
CITY OF EL SEGUNDO
On 1ST OF AUGUST 2000
(date)
PERS - CON -12 (rev. 1/96)
3
(public agency)
eA4A, 4) 6Y alft u-,1
Clerk/Secretary
Title
DEPUTY CITY CLERK