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HomeMy WebLinkAboutReso - CC - 022-1964-Yti —(n � RESOLUTION OF INTENTION TO APPROVE AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE STATE EMPLOYEES' RETIREMENT SYS."EM AND THE CITY COUNCIL OF THE CITY OF BURLINGAME 2?-64 WHEREAS, the State Employees' Retirement Law permits the participation of public agencies and their employees in the State 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, Section 20497 of the Government Code provides that a contract between a public agency and the Board of Administration may be amended to modify benefits and adjust contributions if the California State Social Security Agreement of March 9, 1951, is modified to include employees of the public agency in positions covered by the System; and WHEREAS, Federal and State law permit the present members (other than members in police type positions) of a retirement system to choose individually whether they wish to be covered by Federal Old -Age, Survivors, and Disability Insurance; and WHEREAS, it is the intention of this governing body to allow employees of this agency to exercise such choice and, further, to provide an appropriately modified program of Retirement System benefits and contributions for such employees as elect to be covered by Federal Old -Age, Survivors, and Disability Insurance; and WHEREAS, one step required in procedures for contract amendment is the adoption by the governing body of a public agency of a Resolution of Intention giving notice of intention to amend its contract with the Board of Administration, which Resolution shall contain a summary of the major provisions of the retirement plan; and WHEREAS, a summary of the major provisions to be accomplished by this amendment is attached; Now, therefore be it %ERO XERO 'XEROI XEROI e COPY - coPY 'copy 'COPY) ... Ob/MJ•eYrb.i�4YLC!!�•.cLfYni4yfw.4wu aR••• tiG1✓n ••. .. '.. •• _.. .. F Ar RESOLVED, that the City Council of the City of Burlingame gives, and it does hereby give notice of intention to amend its contract between said City Council and the Board of Administration of the State Employees' Retirement System to provide for a modification of benefits and adjustment of rates, a summary of the major provisions of the proposed modification, and a copy of said amendment being attached hereto marked "Exhibits A and B" respectively, and by this reference made a part hereof. CITY COUNCIL OF THE CITY OF BURLINGAME Title 19 6 V Date adopted and approvedj— XERO ;X ROB XEROJ S� COP COPY COPY rnP;),i COPY