HomeMy WebLinkAboutRES NO 59-70RESOLUTION NO. 59-70
RESOLUTION OF INTENTION OF THE COUNCIL OF THE
CITY OF BAKERSFIELD TO APPROVE AN AMENDMENT TO
CONTRACT BETWEEN THE BOARD OF ADMINISTRATION
OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND
THE CITY OF BAKERSFIELD.
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 required in the procedure to
amend this contract is the adoption by the legislative body of the
public agency of a resolution giving notice of its intention to
approve an amendment to said contract, which resolution shall con-
tain a summary of the changes proposed in said contract; and
WHEREAS, the following is a statement of the proposed
change:
1. Employees who have at least 5 years of service and
who are at least age 55 have further death protection under the
1957 Survivor Program. Should such an employee die before retire-
ment, his surviving widow may elect to receive either the basic
death benefit or a monthly income equal to one-half the unmodified
retirement allowance the employee was eligible for on the date of
his death. The monthly income is payable until the widow's death
or remarriage with a guarantee that she will receive at least as
much as she would have received under the basic death benefit.
.... NOW;'THEREFORE, BE IT'RESOLVED, that the~it~ ~obncil of
the City of Bakersfield gives, and it does hereby give notice of
intention to approve an amendment to contract between said City
Council and the Board of Administration of the Public Employees'
Retirement System, a copy of said amendment being attached hereto,
marked "Exhibit A", and by this reference made a part hereof.
o0o
I HEREBY CERTIFY that the foregoing Resolution was
passed and adopted by the Council of the City of Bakersfield at a
regular meeting thereof held on the 31st day of August, 1970, by
the following vote:
Council of the City of Bakersfield
APPROVED this-j-:' ":: ' ,
?
s.~~=~~o..f August 1970
A~A~~'y - Of" Bakers field
APPROVED:
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