HomeMy WebLinkAboutReso 4955-1968RESOLUTION NO. 4955
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION OF INTENTION TO APPROVE AN
AMENDMENT TO CONTRACT BETWEEh- THE BOARD
OF ADMINISTRATION OF THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM AND THE CITY COUNCIL OF
THE CITY OF SOUTH SAN FRANCISCO.
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 legislative 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 changes proposed in said contract; and
WHEREAS, the following is a statement of the proposed
change'
1.
Retirement allowances payable for time commencing
on the first day of the calendar month coinciding
with or next following the effective date of this
amendment to or on account of any person whose
retirement became effective on or prior to December 31,
1966 are hereby increased according to a sliding
scale ranging from two percent for those whose
retirement became effective daring the twelve months
ending December 31, 1966, to a maximum of twelve
percent for those whose retirement became effective
prior to January 1, 1962.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of South San Francisco gives, and it hereby gives
notice of intention to approve an amendment to the contract
·
between the City Council and the Board of Administration of
the Public Employees' Retirement System, a copy of said
amendment being attached hereto, marked "Exhibit A" and by
this reference made a part hereof.
I hereby certify that the foregoing resolution was
regularly introduced and adopted by tie City Council of the
City of South San Francisco at a
held on the ?th day of October
the following vote'
regular
meeting
, 19 68 , by
AYES, COUNCILMEN Frank J. Bertucelli, Fatrick £. Ahem, F. Frank
Mammini, Andrew Rocca and ~arren $teinkamp
NOES,
ABSENT,
None
None
ATTEST:
·
EXHIBIT A
Cl~ 02 S~TJl SAN ~CI~O
~ ~ of Ad~strat~% ~b~c
~fe~d ~ as ~ard, and ~e CITY C~CIL
~~r ~fe~ ~ ~ Publlo Agenoy~ h~ng on-~ ln~ a con~ot u~ ~to
~pt~ber 12, 194%, effective S.?~m~r
1949, ~c~r 1, 1953, Jan~ 1,
~ch pro. des for ~e particip~t~n
A~~ he.by ~e ~ fo~~
Ac
The Following subparagraphs shall bo added ~o said Contraott
·
5(O)(14) Section 212%1.75 of the ~over~a~,~ Code (providing for tneroaae8 ~
and allowances payable for time ooz~eacing on the fife% day cf the ealendd~
6(g)(10) month coinciding with or next folLo~g the effeetive date of this
amendment to persona retired prior to January X, X967).
Paragraphs 7 (a) and 7 (b) shall Be strickem frei enid Contras% and the follou~
tng paragraph~ oubstitutod therefori
?
With respect to m~ecollaneous mem~or~ t~e public agency shall contri-
buto the following percen~ee or monthl~ ~alLriee earmod aa mioeol-
laneous me~bers of ~aid System
(l) 0.056 percent on-account of -~e liability For prio~ oervioe
liability. ·
(2)
(3)
6.398 pe~cent on account of ~he liability for
benefits,
$5.00 per month for each member covered under the provielon~
of Section 21380-7 (?~,J.S Sureivor Program).
? (b)
With respect to local safety members, the pubXio agency eh&IX contri-
bute the follo~ing percentages of monthl~r salaries earned aa local
safety members of said Syztemz ,
(1) O.1~O percent om account of the X~a~)i~t. ty %'~%" prtoF oervtoe
benefits. ·
Ret. rom
(3)
our hand~ tl~s
OF T~
CZ. TX' OF ~,J~ E, AN FaA~ISCO