HomeMy WebLinkAboutReso - CC - 009-19951
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
ROME F. COLEMAN
CITY ATTORNEY
ITY OF BUR LINGAME
AI PRIMROSE ROAD
RUNGAME, CAUF.94010
RESOLUTION NO. 9 -95
APPROVING ADOPTION OF CALIFORNIA
PUBLIC EMPLOYEES' DEFERRED COMPENSATION PLAN
WHEREAS, the City of Burlingame desires to establish an additional deferred
compensation plan for the benefit of its employees; and
WHEREAS, the Board of Administration (the "Board") of the California Public
Employees' Retirement System ("PERS") has established the California Public Employees
Deferred Compensation Plan (the "PERS Plan") which may be adopted by a governmental
employer the employees of which are members of PERS; and
WHEREAS, the City believes that the PERS Plan and the investment options
available thereunder will provide valuable benefits to the City's employees; and
WHEREAS, the Board has appointed State Street Bank and Trust Company of
California, N.A. (collectively, "State Street") to perform administrative services under the
PERS Plan and to act as the Board's agent in all matters relating to the administration of the
PERS Plan.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Burlingame adopts the PERS Plan for the benefit of its employees and authorizes and directs
the City Manager to execute the attached adoption agreement on behalf of the City, to
provide State Street with the specific terms and conditions of the City's participation in the
PERS Plan, and to provide State Street with such information and cooperation as may be
needed on an ongoing basis in the administration of the PERS Plan. A copy of this
resolution, the agreement, and any attachments thereto shall be on file in the office of the
Finance Director.
1
2
3
4
5
6
7
8
9
10
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
�?OME F COLEMAN
CT ATTORNEY
1'fY OF BURLINGAME
95D1 PRIMROSE ROAD
-I.JNGAME CALIF. 94010
I, Judith A. Malfatti, City Clerk of the City of Burlingame, do hereby certify that the
foregoing Resolution was introduced at a regular meeting of the City Council held on the
6 m day of February, 1995, and was adopted thereafter by the following vote:
AYES: COUNCH MEM3ERS: HARRISON, KNIGHT, O'MAHONY, PAGLIARO, SPINELLI
NOES: COUNCIIMEM3ERS: NONE
ABSENT: COUNCILMEM3ERS: NONE
N
I