Title
RESOLUTION of Intention of the City of San Leandro City Council to Approve an Amendment to a Contract Between the Board of Administration of the California Public Employees’ Retirement System and the City Council of the City of San Leandro
Body
WHEREAS, the Public Employees' Retirement Law (the “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 20516 (Employees Sharing Additional Cost) of 2% for members in the San Leandro Executive Management Group.
NOW, THEREFORE, BE IT RESOLVED that the governing body (the City Council) of the above agency (City of San Leandro) 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.