HomeMy WebLinkAboutRES 2010-22 - Board RESOLUTION OF INTENTION
TO APPROVE AN AMENDMENT TO CONTRACT
BETWEEN THE
BOARD OF ADMINISTRATION
CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND TIE
BOARD OF DIRECTORS
TRUCKEE DONNER PUBLIC UTILITY 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 wretract 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 folloWng is a statement of the proposed change:
To provide Section 21354.5(2.7%@ 65 Supplemental
formula)for local miscellaneous members.
NOW, THEREFORE, BE IT RESOLVED that the governing body 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.
A�
lire liding Officer John Hillst-r777
Vice-President of the Board
July 21 , 2010 Tift
Date adopted and approved