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RESCIMON IND. R-115,-97 <br />RESOLUTION OF INTENTION <br />TO APPROVE AN AMENDMENT TO CONTRACT <br />BETWEEN THE <br />BOARD OF ADMINISTRATION <br />OF THE <br />PUBLIC EMPLOYEES'RETIREMENT SYSTEM <br />AND THE <br />CITY COUNCIL <br />OF THE <br />CITY OF COLTON <br />WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies <br />and their employees in the Public Employees' Retirement System by the execution <br />of a contract, and sets forth the procedure by which said public agencies may elect <br />to subject themselves and their employees to amendments to said Law; and <br />WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the <br />governing body of the public agency of a resolution giving notice of its intention to <br />approve an amendment to said contract, which resolution shall contain a summary <br />of the change proposed in said contract; and <br />WHEREAS, the following is a statement of the proposed change: <br />To provide Section 21354 2% @ 55 Full and Modified <br />formula for local miscellaneous members. <br />NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency does <br />hereby give notice of intention to approve an amendment to the contract between <br />said public agency and the Board of Administration of the Public Employees' <br />Retirement System, a copy of said amendment being attached hereto, as an <br />"Exhibit" and by this reference made a part hereof <br />By <br />Presiding Officer - KARL E. GAYTAN <br />Title <br />Date adopted and approved <br />(Amendment) <br />CON -3.02 (Rev. 4/96) <br />MAYOR <br />