HomeMy WebLinkAboutReso 95-088 - Approve entering into agreement between Board of Admin of Public Emp, Retirement System & CC of the COR stating benefits provided shall be pooled 0 o
RESOLUTION NO. 95-ii
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING ENTERING INTO AN AGREEMENT BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES` RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE CITY OF REDDING STATING THAT
THE ASSETS AND LIABILITIES OF THE CITY OF REDDING AND ITS
COVERED EMPLOYEES, ON ACCOUNT OF THE BENEFITS PROVIDED
UNDER ARTICLE 6, COMMENCING WITH SECTION 21380, SHALL BE
POOLED PURSUANT TO THE PROVISIONS OF CODE
SECTION 21382.4 - THIRD LEVEL OF 1959 SURVIVOR BENEFITS -
FOR LOCAL FIRE MEMBERS.
IT IS HEREBY RESOLVED that the City Council of the City of
Redding hereby approves entering into the above-mentioned
Agreement, a true copy of which is attached hereto and made a part
hereof.
BE IT FURTHER RESOLVED that the Mayor is hereby authorized to
sign said Agreement on behalf of the City of Redding; and the City
Clerk is directed to attest the signature of the Mayor and to
impress the official seal of the City of Redding thereto.
I HEREBY CERTIFY that the foregoing Resolution was introduced,
read, and adopted at a regular meeting of the City Council on the
21st day of March , 1995, by the following vote:
AYES: COUNCIL MEMBERS: P. Anderson, Kehoe, McGeorge, Murray and R. Anderson
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
OBERT C. ANDERSON, Mayor
City of Redding
ATTEST:_ FORM AP VED: `\�
CONhIE S'?'ROHMA ity Clerk W. LEONARD WINGAid, City Attorney
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AGREEMENT
AUTHORIZING THE RELEASE OF
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
INTO THE
THIRD LEVEL 1959 SURVIVOR BENEFIT POOL
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF REDDING
WHEREAS, Government Code Section 21382.4 provides for a single employer rate to be established to
provide benefits under said Section on account of members employed by contracting
agencies electing to include the provision of said Section in their contracts; and
WHEREAS, Government Code Section 21382.4, requires pooling of all assets and liabilities of all
contracting agencies on account of benefits provided under Article 6, commencing with
Section 21380;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Redding and its
covered employees, on account of the benefits provided under Article 6,-commencing with
Section 21380, shall be pooled pursuant to the provisions of Government Code Section
21382.4.
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE
CITY OF REDDING
BY BY
CHIEF ACTUARY Presiding Officer
ACTUARIAL OFFICE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Date
ATTEST: FORM AP VED/:J
CONNIE STROHMAYER, City Clerk W. LEONARD WINGA' , City Attorney
PERS-CON-59 (Rev. 3/95)