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
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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—
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