HomeMy WebLinkAbout1999-08-26 - Resolution No. 99-11RESOLUTION NO. 99-11
RESOLUTION OF INTENTION
TO APPROVE AN AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
BOARD OF DIRECTORS
YORBA LINDA WATER DISTRICT
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 (2% @ 55 Full and modified formula) for
Local miscellaneous members.
NOW, THEREFORE BE IT RESOLVED that the Governing Board of the above agency does
hereby give notice of intention to approve an amendment to the contract between said
public agency 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 this 26th day of August, 1999 by the following called vote:
Ayes:, Korn, Beverage, Abramowitz, Armstrong, and Barbre
Noes: None
Absent: None
Abstain: None
Arthur C. Korn, Presi nt
Yorba Linda Water District