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CC Resolution No. 02-147RESOLUTION NO. 02-147 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO TO APPROVE AN AMENDMENT TO THE CONTRACT BETWEEN THE BOARD OF ADMINISTRATION, CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL OF THE CITY OF CUPERTINO WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies and their employees in the Public Employees' Retirement System by the execution of a contract, and sets forth the procedure by which said public agencies may elect to subject themselves and their employees to amendments to said Law; and WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the governing body of the public agency of a resolution giving notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the change proposed in said contract; and WHEREAS, the following is a statement of the proposed change: To provide Section 21574 (Fourth Level of 1959 Survivor Benefits) and Section 21583 (Additional Opportunity to Elect 1959 Survivor Benefits) for local miscellaneous members. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cupertino does hereby give notice of intention to approve an amendment to the contract between the City of Cupertino and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment being attached hereto, as an "Exhibit" and by this reference made a part hereof. PASSED AND ADOPTED at a regular City Council meeting of the City of Cupertino this 19th day of August, 2002 by the following vote: VOTE MEMBERS OF THE CITY COUNCIL AYES: Lowenthal, Chang, James, Kwok NOES: None ABSENT: Sandoval ABSTAiN: None ATTEST: City Clerk Mayor, City of Cupertino