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HomeMy WebLinkAboutReso - CC - 042-2002RESOLUTION NO. 42-2002 RESOLUTION OF INTENTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME APPROVING AN AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY OF BURLINGAME 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 procedures 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 Section 21363.1 (3% @ 55 Full Formula); and Section 21024 (Military Service Credit as Public Service) for local police members. NOW, THEREFORE, IT IS RESOLVED that the governing body of the above agency does hereby give notice of intention to approve an amendment to the contract between said public agency 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. MAYOR I, ANN MUSSO, City Clerk of the City of Burlingame, do hereby certify that the forgoing resolution was introduced at a regular meeting of the City Council held on 6t day of May 2002, and was adopted thereafter by the following vote: AYES: COUNCIL MEMBERS: RAYLOCB, COFFEY, GALLIGAN, JANNEY, O'NAHONY NOES: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: NONE /Jim- C11ffY CLERK