HomeMy WebLinkAboutReso 2008-048 - PARS
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RESOLUTION NO. 2008 - 48
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING PARTICIPATION IN PUBLIC AGENCY RETIREMENT
SERVICES (PARS) POST RETIREMENT HEALTH CARE FUNDING PLAN
TRUST AS RELATED TO GOVERNMENT ACCOUNTING STANDARDS
BOARD STATEMENT 45 (GASB 45), EFFECTIVE JULY 1, 2008.
WHEREAS, Staff recommends that the City Council approve participation in Public Agency
Retirement Services (PARS) post retirement health care funding plan trust effective July I, 2008;
and
WHEREAS, the City Council deems it to be in the best interests of the City to adopt such
recommendation;
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council that the City
participate in Public Agency Retirement Services (PARS) post retirement health care funding plan
trust, effective July I, 2008.
I HEREBY CERTIFY that the foregoing Resolution was introduced, read, and adopted at
a regular meeting of the City Council of the City of Redding on the 20th day of May, 2008, by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Dickerson, Jones, Murray, and Stegall
None
None
None
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ATTEST:
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FORM APPROVED:
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CON' IE"sTRO;HMAY-E~City lerk
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