HomeMy WebLinkAboutTC Res 1991-05-01 (2)
RESOLUTION NO. 2779
A RESOLUTION OF THE TOWN COUNCIL OF
THE TOWN OF TIBURON APPROVING AN
AMENDMENT TO CONTRACT BE1WEEN THE
BOARD OF ADMINISTRATION OF THE PUBLIC
EMPLOYEES' RETIREMENT SYSTEM AND THE
TOWN COUNCIL OF THE TOWN OF TIBURON
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 procedure 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
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) for local safety members.
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 the said governing body 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.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Tiburon on MAY 1. 1991, by the following vote:
NOES:
ABSENT:
COUNCILMEMBERS:
COUNCILMEMBERS:
Friedman, Coxhead, Kuhn, Logan;
Thayer
None
None
AYES:
COUNCILMEMBERS:
ATIEST:
~JA~ ~ L~
THERESE M. ENNESSY, T CLERK