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HomeMy WebLinkAboutReso 105-2002...... RESOLUTION NO. 105-2002 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING AN AMENDMENT TO THE CONTRACT BETYVEEN THE BOARD OF ADMINISTRATION, CAI,IFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM (PERS), AND THE CITY OF SOUTH SAN FRANCISCO, TO PROVIDE SECTION 21548 PRE-RETIREMENT OPTIONAL SETTLEMENT 2 DEATH BENEFITS FOR LOCAL SAFETY FIRE MEMBERS WHEREAS, during negotiations with the International Association of Firefighters Bargaining Unit Two proposed enhancements to the City's retirement system were made; and WHEREAS, the City planned to modify its PERS contract to provide several retirement formula enhancements with an implementation date anticipated to occur in late 2002; and WHEREAS, one enhancement now is in effect; and WHEREAS, this is the final retirement enhancement to be completed for this group; and WHEREAS, the City received all the necessary valuations and document from PERS. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council hereby approves an Amendment to the Contract between the Board of Administration, California Public Employees' Retirement System (PERS), City of South San Francisco, to Provide Section 21548 Pre-retirement Optional Settlement 2 Death Benefits for Local Safety Fire Members. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a regular meeting held on the 11th day of December 2002 by the following vote: AYES: Councilmembers Joseph A. Femekes and Raymond L. Green, Mayor Pro Tem Karyl Matsumoto and Mayor Pedro Gonzalez NOES: None. ABSTAIN: None. ABSENT: None. ATTEST: y Clerk