HomeMy WebLinkAboutReso 1982-11005 RESOLUTION NO. 11005
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA REQUESTING THE PUBLIC EMPLOYEES' RETIREMENT
SYSTEM TO EXTEND THE FUNDING PERIOD FOR CURRENT
SERVICE, DEATH BENEFITS AND 1959 SURVIVOR BENEFIT
ACTUARIAL LIABILITIES OF THE CITY OF CHULA VISTA
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the City of Chula Vista is a contracting agency
of the Public Employees' Retirement System, and
WHEREAS, the City of Chula Vista has experienced and is
anticipating further financial difficulties and may not meet all
its operating costs, and
WHEREAS, the City of Chula Vista has been advised by the
Actuarial Office of the Public Employees' Retirement System that
the City of Chula Vista may request the extension of its funding
period for current service death benefits and 1959 Survivor
Benefit actuarial liabilities to June 30, 2011, under the temns of
the contract with the Public Employees' Retirement System.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does request the extension of the funding
period for the current service, death benefits and 1959 survivor
benefit actuarial liabilities to June 30, 2011, under said
agreement.
BE IT FURTHER RESOLVED that the City Clerk of the City of
Chula Vista be, and she is hereby directed to forward a certified
copy of this resolution to the Public Employees' Retirement
System.
Presented by Approved as to form by
Lan F. C er George D. Lindberg, City
Attorney
tf2-11~o~'~ 5
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 7th day of September
i l9~' 2 , by the following vote, to-wit:
!AYES: Councilmen Scott. Cox, Nlalcnlrn, ~4rP.~nrlli~R
NAYES: Councilmen None
None
ABSTAI N: Councilmen
ABSENT: Councilmen Moore
~a;'~/s~he C~; o~hula Vista
ATTE/~/~ZZ~ ~ ~ ~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
; RESOLUTION N0. 11005
,and that the some has not been amended or repealed.
DATED
(seal) City Clerk
,z2 -
RESOLUTION
Relating to The Extension of the Current Service Funding Period.
for Contracting Public Agencies
W~HEREAS, Section 20525 of the Government Code provides:
"The contracting public agency shall make such contributions for
its employees in this system, as is recommended by the actuary
and approved by the board", and
WHEREAS, the City of Chula Vista is a contracting agency of the Public
Employees' Retiremenz System, and
WHEREAS, the City of Chula Vista has requested the extension of its funding
period for curren~ service to June 30, 2Oll,
NOW BE IT THEREFORE RESOLVED, that the Board of Administration of the Public
Employees' Retirement System approves the extension of the Current
Service funding period for the C~y of Chula Vista to June 30, 2Oll.
I hereby certify that on October 20, 1982, the Board of Administration, Public
Employees' Retirement System, made and adopted the foregoing Resolution.
~GER, EX OFFICER
Public Employees ' Retirement System
October 20, 1982
Sacramento, California
STATE OF CALIFORNIA--BOARD OF ADMINISTRATION EDMUND G. BROWN JR., Governor
PUBLIC EMPLOYEES' RETIREMENT SYSTEM ~
1416 NINTH STREET, P.O. BOX 1953
~CRAMENTO, CALIFORNIA 95809
.
O~ob~ ~ ~ ~ ~
Mr. Eugene Asmus
Assistant City Manager : ~ITY ~ANAGER
City of Chula Vista ~HULA VISTA,
276 Fou,th Avenue OCT 2
Chul8 V~sta, CA 920~0
De~r M~. Asmus:
~ ~ ene~os~n~ re, ~ou, ,eao~d~ a eo~ o~ the China V~sta Cit~ Couneii's
Resolution Ee~uest~n~ ~he Extension o~ Current Se,viee ~unding Period an~ the
~eso~u~on of the ~ER~' Bo~d of Administ~io~ a~,oving such e~tension.
The emp~o~e, eont,ibut~on ,ate For ~ou, misee~Zaneous emD~oyees ~ilI be ,educed
from 30.86~ to %~42~ an~ re, you, safet~ employees f,om ~.G52~ to ~.8~G~.
~he ne~ Fa~es ~i~l be effective Oetobe, ~,
~ease ~o not hesitate to contact me should you have an7 questions.
Sincerely,~~)
KEVIN MORRILL, Assistant Chief
Contracts Division
KM: jh
Attachment
C0441
II00
RESOLUTION NO. ]]005
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA REQUESTING THE PUBLIC EMPLOYEES' RETIREMENT
SYSTEM TO EXTEND THE FUNDING PERIOD FOR CURRENT
SERVICE, DEATH BENEFITS AND 1959 SURVIVOR BENEFIT
ACTDARIAL LIABILITIES OF THE CITY OF CHULA VISTA
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the City of Chula Vista is a contracting agency
of the Public Employees' Retirement System, and
WHEREAS, the City of Chula Vista has experienced and is
anticipating further financial difficulties and may not meet all
its operating costs, and
WHEREAS, the City of Chula Vista has been advised by the
Actuarial Office of the Public Employees' Retirement System that
the City of Chula Vista may request the extension of its funding
period for current service death benefits and 1959 Survivor
Benefit actuarial liabilities to June 30, 2011, under the terms of
the contract with the Public Employees' Retirement System.
NOW~ THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does request the extension of the funding
period for the current service, death benefits and 1959 survivor
benefit actuarial liabilities to June 30, 2011, under said
agreement.
BE IT FURTHER RESOLVED that the City Clerk of the City of
Chula Vista be, and she is hereby directed to forward a certified
copy of this resolution to the Public Employees' Retirement
System.
Presented by Approved as to form by
/s/Lane Fo Cole /~2~ ~
Lane F. Cole, City Manager George D. Lindberg, City
Attorney
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