Laserfiche WebLink
RESOLVED, (d) That the employer contribution for each annuitant shall be increased annually by <br />five percent of the monthly contribution for employees, multiplied by the number of <br />years the contracting agency has been subject to the Act, until such time as the <br />contributions are equal; <br />And that the contributions for employees and annuitants shall be in addition to those <br />amounts contributed by the Public Agency for administrative fees and to the <br />Contingency Reserve Fund; and be it further <br />RESOLVED, (e) City of Colton has fully complied with any and all applicable provisions of Government <br />Code Section 7507 in electing the benefits set forth above; and be it further <br />RESOLVED, (f) That the participation of the employees and annuitants of City of Calton shall be subject <br />to determination of its status as an "agency or instrumentality of the state or political <br />subdivision of a State" that is eligible to participate in a governmental plan within the <br />meaning of Section 414(d) of the Internal Revenue Code, upon publication of final <br />Regulations pursuant to such Section. If it is determined that City of Colton would not <br />qualify as an agency or instrumentality of the state or political subdivision of a State <br />under such final Regulations, CalPERS may be obligated, and reserves the right to <br />terminate the health coverage of all participants of the employer. <br />RESOLVED, (g) That the executive body appoint and direct, and it does hereby appoint and direct, <br />Carolina R. Padilla, City Clerk, to file with the Board a verified copy of this resolution, and <br />to perform on behalf of City of Colton all functions required of it under the Act; and be <br />it further <br />RESOLVED, (h) That coverage under the Act be effective on January 1, 2017. <br />Adopted at a regular or special meeting of the City Council of the City of Colton at <br />Colton, California, this 181h day of October, 2016. <br />DeLaRosa, <br />R. Padilla, <br />NEW -BY GROUP, UNEQUAL, 1 FIXED (REV. 5/2015) <br />