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HomeMy WebLinkAboutRES 89-88-ARESOLUTION 89-88A A RESOLUTION OF THE CITY COUNCIL OF THE CITY v OF DIAMOND BAR, CALIFORNIA, AMENDING RESOLUTION 89-88, APPROVING AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF DIAMOND BAR 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 this 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 changes proposed in said contract; and WHEREAS, the following is a statement of the proposed changes: To provide 2% @ 55 Full formula and Section 21574 (Fourth Level of 1959 Survivor Benefits) for local miscellaneous members. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DIAMOND BAR, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS: SECTION L That the City of Diamond Bar does hereby give notice of intention to approve an dmendment to the contract between the City of Diamond Bar and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment being 89-88A attached hereto, as an "Exhibit" and by this reference made a part hereof. SECTION 2. That the Mayor of the City of Diamond Bar shall sign and the City Clerk shall certify to the passage and adoption of this Resolution Nom -4- 8 8. PASSED, APPROVED AND ADOPTED this 16th day of June ,1998. 514 Mayor I, LYNDA BURGESS, City Clerk of the City of Diamond Bar do hereby certify that the foregoing Resolution was passed, and approved and adopted at a regular meeting of the City Council of the City of Diamond Bar held on the 16 thday of June , 1998, by the following vote: AYES: COUNCIL MEMBERS: Ansari Huff O'Connor 1 a i MPT/Chang, M/Herrera) NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAINED: COUNCIL MEMBERS: None ATTEST: *Cicxierk of the City of Diamond Bar -; 89-88k