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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10l <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-118-02 <br />RESOLUTION OF INTENTION <br />TO APPROVE AN AMENDMENT TO CONTRACT <br />BETWEEN THE <br />BOARD OF ADMINISTRATION <br />CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />AND THE <br />CITY COUNCIL <br />CITY OF COLTON <br />WHEREAS, the Public Employees' Retirement Law permits the participation of public <br />agencies and their employees in the Public Employees' Retirement System by <br />the execution of a contract, and sets forth the procedure by which said public <br />agencies may elect to subject themselves and their employees to amendments <br />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 <br />intention to approve an amendment to said contract, which resolution shall <br />contain a summary of the change proposed in said contract; and <br />WHEREAS, the following is a statement of the proposed change: <br />To provide Section 21354.5 2.7(Full and Modified <br />Formula) for local miscellaneous members. <br />NOW, THEREFORE, BE IT RESOLVED that the governing body of the above agency <br />does hereby give notice of intention to approve an amendment to the contract <br />between said public agency and the Board of Administration of the Public <br />Employees' Retirement System, a copy of said amendment being attached <br />hereto, as "Exhibit `A"' and by this reference made a part hereof. <br />By: fl 116 <br />Presiding Officer: DEIRDRE H. BENNETT <br />Mayor <br />Title <br />October 15 2002 <br />Date adopted and approved <br />ATTEST <br />r <br />CAROLINA P. B RA, City Clerk <br />Reso 2.7%(&5 fir Miscellaneous Employees <br />