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<br />1 <br />2 <br />3 <br />II <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />2/i <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />cln ATTO\llNI:Y <br />IIIIVI:IIII"IO. <br />CALlPOlltNIA <br />"11- <br /> <br />RESOLUTION NO. 12530 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF TilE CITY OF <br />RIVERSIDE, CALIFORNIA, DECLARING ITS INTENTION <br />TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE <br />BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' <br />RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE <br />CITY OF RIVERSIDE. <br /> <br />WHEREAS the Public Employees' Retirement Law permits the <br /> <br />participation of public.agencies and their employees in the <br /> <br />Public Employees' Retirement System by the execution of a contract <br /> <br />and sets forth the procedure by which said public agencies may <br /> <br />elect to subject themselves and their employees to amendments <br /> <br />to said law; and <br /> <br />WHEREAS one of the steps required in the procedure to <br />amend this contract is the adoption by the legislative body of <br /> <br />the public agency of a resolution giving notice of its intention <br /> <br />to approve an amendment to said contract, which resolution shall <br /> <br />contain a summary of the changes proposed in said contract; and <br /> <br />WHEREAS the following is a summary of the proposed changes: <br /> <br />1. Provides, upon death of a local miscellaneous member who <br /> <br />has retired for service or disability, for the continuation of <br /> <br />post-retirement survivor allowance to certain survivors, and <br /> <br />2. Provides 2% at 50 (instead of 1/2 at 55) for local <br /> <br />safety membersj <br /> <br />NOW, THEREFOR, BE IT RESOLVED that the City Councii of <br /> <br />the City of Riverside gives, and it does hereby give notice of <br /> <br />intention-to approve an amendment to contract between said <br /> <br />City Council and the Board of Administration of the Public <br /> <br />Employees' Retirement System, a copy of said amendment and a <br />summary of the proposed plan being attached hereto, marked Exhibits <br /> <br />"A" and "B" and by this reference made a part hereuf4 <br /> <br />ADOPTED by the City Council and signed by the Mayor and <br /> <br />Attest: <br /> <br /> <br />attested by the City Clerk 7~U h <br />I <br />l <br />Mayor <br /> <br />~~( a. -;(tA-e.~ <br />City Clerk of the City of Riverside <br /> <br />1975. <br />