HomeMy WebLinkAboutResolution 56-215_1956_August 6
RESOLUTION N0. 56-215
OF THE ~ Cit Council ~~
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AUTHORIZING AN AD~ND~+lED1T TO THE CONTRACT PROVIDING FOR THE PARTICTPATTON
r
OF THE City of Santa Ana
N2.me o Pub c AgercY)
IN THE STATE ED~PLOYEES + RETIE?1:fi,~NT SYSTEL•9, MAIi'TNG ITS EMPLOYEES IdE~BERS
OF SAID S~iSFEJ,~.
WHEREAS, the Bo~xd~of Administration of the State Employees Retirement System
and City Council of the Cit of Santa Ana
-Name of Governin Bo '-'~""'-"-- -- --- -----
g dY~~ PJame of Public Agei.ay~
entered into a Contract effective on Ju7~y 1st _ 19 ~7, prociaing for the
participation of said City of Santa Ana in the State .Employees'
Name o Pub. c Agency
Retirement System; and
WfIERF~AS, it is now desirable to take advantage of certain benefits provided
ender said Retirement System, and not included in said contract;
N011P, THEREFORE, BE IT RESOLVED that said City Council
ame of cerni :g Aoc y'~~"-"-'
authorized, and it does hereby authorize, an ~amenc~r~ent to said Co;~traat, a copy of
said amen :meet being attached here~o ma~~ked "Exhibit A'~, and by such reference made
a part hereof as though herein s et out in full; and
BCE IT FURTHER RESOLVED that the presiding officer of said City _Council
l~N8C1E C
..,, be, and he is hereby authorized, empowered and directed to
Governing oc~y
execute said amendment for and on behalf of said City of Santa Ana
~I+~aaie o~~t'b ciS~ge~•
Adopted this 6th !^ day of August 19 56 ..
~ ..",
Attest: ; ~=`~
Presi fx cer rayor
C er e~c~;~~ettsa~ o the Council
:~' 1?. j 3 ~ CL223' • ~ ~: CG:'C? . ~ i"~0 150
- • •
STATE OF CALIFOR'V IA )
COU^IT'~ OF ORAPIGE ) SS
CITY OF SAPITA AI.1A )
I, rR"ytF~ Ii"JidT;~, do hereby certify that I am the Clerk of the Council of the
City of Santa Ana; that the foregoing Resolution was regularly introduced to said
Council at its regular meeting held on the 6th day of August, 1956, and was at
said meeting regularly passed and adopted by the following vote, to wit:
AYES, COU,dCIL,~iEPJ: Dale H. Hei.nly, J. Ogden Markel, William Jerome,
Milford +1r. Dahl, Courtney R, Chandler
NOES, COUNCILP,4EN: PJone
ABSE"JT, COUNCILMEN: Pdone
CLERK OF THE CO CIL
. ~
BOARD OF ADMINISTRATION
'' ~ ' STAT PLOYEES' RETIREMENT SYS~
F ~ ~ ~ D 1320 B STREET
SACRAMENTO 14, CALIFORNIA
w3~~1~~ ~ 2 9956. INTER-DEPARTMENT CORRESPONDENCE
t.. Vic..}... ~y, f ..r
IrGLERK CF T 6 COU~
To:
City of Santa Ana
Attention: Ms. Et ma Hunter
SUBJECT: Valuation report.
Date: Mgy $~ 1556
Please Reply to Section____~3_____________________ ______ __
Membership Number___________________________________
to have been informed by the Consulting Actuaries that if the City
of Santa Ana should include the provisions of AB570 in their contract
that the prior service installment will be increased by X6,192.9?
annuallyi making the annual pMor service installment ~90~201.1.~5.
The current service rate would increase to 6.550. If you wish to
avail yourselves of these amendments please let us know.
1?e are enclosing in dupl3.cate~ the bill of the Consulting Actuaries
for their services 3•n making this report.
If you have any questions please do not hesitate to wrI.te.
~ .r
TI~?MAS F. C RO CKE~i
ASSISTANT ACTUARY
me
encl.
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F; Y ~ .'
RET. FORM 229 (REV. 4.59)
2Q808 ii-80 26M SPO