CC Resolution No. 3409 , . ~ ~ ~
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~n,cnric~r ~o . 34 a9
A fi~?LL~TIIJ;I OF Tf~ CITY COVl~CIi, OF T'HE CITY OF CUl~TIIiD
n~cu~~t;c xrs ;~~rrioa~ 7.`~ A~~~ot~k Ar~ ui~ro~ir~,~r To coN-
1'R/~Ci BETNk:~:N ~'t~ BCI~i) '~F ADMINI5Tl2ATION 0~ ~'}I.~ rll~
LIC ~~LOY~ES' }tETiRHS'~'T SYS'Tk~i AI~'n THI: CY7'7f COUP~CiL ~p
Tti.~ CT1"Y OP CUPF.RT'II~O
~~~~rr,~~ thu ~'ublic k'~ployeeg' 1~~.tirer~ent 1,.~?w ~~rmits thc~ .
partir.iF:~.ion of publir ~tgencies ~ttd thcir eraployeeea in thr
Public ~lo}•eeb' ~tett~reenent Sy~te~a by the exccution of a con- ~
trac~, a; ~ set~ forth the Nroc~durs by ~•hich said puhli.e a~e~cies
may eler: :o suhj~et tbe..-~selves and their c~ployGe~c ro w~endr..~ni~
tu said tia~; asid
• ~~iF:.~.z~'.5, ono nf e}~e step~ ~n Clic ~~rrcedure tc~ uu~eud this con-
tract i3 ::~e acioption by th~ lep,ialxti~a body ot' the puh2ic n~;ency
of r~ resc_~~ion ~;ivir~~ nflttce of itu inre:~cton ta nppro~~e an
amendrc.e::: sa.id cantract, kh~ch r~snlutian sl~nll cantain a
cu~r~n~r~• :h4 chnn~css pra;,osed in sa~d cor.tr~~c~; s~n:l
k'1?}? ==_S~ the folloWin,~ is a statement of tbe propo~ed cl~angQ:
Rntirc-.~:: ~llo~.~unces to ~-:~{ch the unnuAl coat-af-livir,~ provi~ic?i?s
appl}~~ r~~;ti~le for Cin~ cc~.:.cncing nti th~ firat day oi the cnlc~ndr~r
wvnCh rc_::::ding wi~h or r.ext follo~,tittg th*~ effec[ivc date of this
ar~endr~en: .c cr on account ai pe:rsn?~p ratired t~r memt~~ra deceused
on ar pr~.: to I1ecc~mbcr 31, 1970, ares hcreb)~ incren~;ed hy S~.
W}i~.i.:~S} the as~~tlate of the co~t of ~uch ahan~,e for the puhlic
g};ency is sat foreh iri a ccpy of the vnlustion rep~rt ~ttachr:d herato,
rssrked "~~':ibit A" s~nd bq thts referenca ina~rp~~rated into th~
•ma~ndraer.t as thauFh therein s~t au4 in full.
• 110k'~ .SF~~zOR~, Fl~ IT fiE50LV£A~ etiat Chc City~ CounciZ of thc~
~;iCy of Cr-~rtino~ givea. and it haraby ~ire~ notice af tntention
to appro~•r an nraenclraent co tbe cbnkract bet~~eu the City Cnunc~l
. and the b~.trd oi' Adminit~t~r~tion of kha 1'ublic }~nployeer' Retire~aent
Syqtecc~ t. ;?ccca~plish the ~cb+3ve ch~n~a.
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~r~m ~.~c .~wc~ af tL~ CiCy Cawcil ~~r
t~ Cit~ af C~~rt9.~wq? tb~s d~r o~ lr+r~r~s~,? , .1+~73 iry rlr~
l~rl~.aa?~,s~ tro t e :
iL'~!"i= ~.-TS,e~:.llwlru - I1o1e~rlr ,7~dt~!oe r 1i~7?'ete~. SP~rrk~ r Y'1lr~~idn
~ t C: rsa~c il~wa - •
11~.~~: ::utuila~? -
APF: ID S
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t~,:r, City af Cupertiu~
wST:
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G-ty lerk
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~ ~ I~liI~iI'~ ~+q~~
~ . Rp~. No. 34Uq
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. F[I81.IC ~~5~ 1tETIRk7~CENT S1i8'I'~i
Ac;TIIA!tIA~. VAL~T~011 Ak~ER~tIN~ COSTS
tIl~I~lt 8~1 13~i, CliAPTER 1413 (1972)
~SX ~rea~r~)
A~'i ~ t C1TP~RT INU ~ C I'!T OP
. ~."T ~lBIIti 691
DiI'~: FrB~UARY 9, 1973 .
Z~dtrs~te desired ~etho3 a~ funding the 2iability for the i»cre!~s~~ vith r~spect
t~ p~rs~ns retire~ or r~embQra deca,aa~+i pri.or to January 1 ~ 1971:
MISCF~..1Jb.I;EOi?s t;t]~t~t~:lts
LUtIP 5l':i rnl?~'T 3 7F~P.5 5 YF.ARS 10 YEARS
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S 2Z05 .IOX
SA~~I7 !i~E2tBFJtS
L~ U:! b:lY`:f:2~'T 3 Y~~I,R.S 5 YL•'~lkS 10 Y~ARS
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