HomeMy WebLinkAboutReso 71-1991 RESOLUTION NO. 71-91
C~TY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING AND DIRECTING THE
CITY MANAGER TO EXECUTE AGREEMENT BETWEEN
THE PUBLIC AGENCY RETIREMENT SYSTEM (PARS)
AND THE CITY OF SOUTH SAN FRANCISCO FOR
HOURLY PART-TIME EMPLOYEES
WHEREAI;, it is in the best interest of the City of South San Francisco and
its emplo~ees to provide a qualified retirement system to all hourly part-
time empl~'}yees, thereby meeting the requirements of Section 11332 of the
Social SeCurity Act; and
WHEREAS, an alternative qualified defined contribution pension plan,
entitled Public Agency Retirement System (PARS) is designated for California
public agencies; and
WHEREAS, the Public Agency Retirement System (PARS) will qualify as a
retiremen~ plan meeting the requirements of Section 11332 of the Social
Security Act..
NOW, TBEREFORE, BE IT RESOLVED by the City Council of the City of South San
Franciscoi that:
1. The Public Agency Retirement System is adopted as the retirement
program f~r all hourly part-time employees within the City of South San
Francisco~ effective July 1, 1991.
2. The Manager of Personnel Services is hereby appointed as the Plan
Administrator.
3. T~e City Manager is authorized and directed to execute on behalf of
the City Of South San Francisco an Agreement with the Public Agency Retirement
System (PARS) for participation and compliance with Section 11332 of the
Social Se(urity Act and relevant regulations issued or as may be issued.
A copy of this Agreement is on file in the Office of the City Clerk.
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
regulalr meeting held on the 26th day of June , 1991 by the
followin~ vote.
AYES:
NOES:
ABSTAIN:
ABSENT:
City Councilmembers Richard A. Haffey, Gus Nicolopulos, John R.
Penna, Roberta Cerri Teglia, and Mayor Jack Drago
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