HomeMy WebLinkAboutCC RES 71-294
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RESOLUTION NO. 71-29
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUSTIN, CALIFORNIA, PETITIONING THE PUBLIC
EMPLOYEES RETIREMENT SYSTEM TO FINANCE THE
ADDITIONAL FIRST YEAR COSTS OF SENATE BILL
249 FROM THE CITY'S ESTABLISHED RESERVE FOR
PRIOR YEARS SERVICE.
WHEREAS, the Legislature of the State of California
has approved Senate Bill 249 which mandates the 1/50 retirement
formula for miscellaneous members of contracting agencies with
Retirement System, 'and
WHEREAS, Senate Bill 249 will increase the City of Tustin's
,
employer 'cost which was established too late to be provided for
in the City's 19 71-72 Budget.
·
NOW THEREFORE, be it resolved that the City Council of the
City of Tustin petitions the Public Employees' Retirement System
to finance the additional first year costs Of Senate Bill 249
from the City's established reserve for prior years service.
PASSED AND ADOPTED at a regular meeting of the City Council
of the City of Tustin, held on the 21st day of June, 1971.
ATTEST'
~ ~iAYO R
STATE OF CALIFORNIA)
·
COUNTY OF ORANGE )
SS
.o
CITY OF TUSTIN
RUT~! C. POE, City Clerk and ex-officio clerk of the City Council
of the City of Tustin, California, does hereby cert' fy that the
wh.ole number of the members of the City Council of °]e City of
Tustin is five; that t~e above and foregoing Resolution No.
was. duly and re~gularly int. roduced, read, passed and adopted at
a'regular meeting of the Ci'ty Council..held on. the 21s_t... day of ':'~ ~_~: 19_7~__, by the following vote:
AYES: COUNCILMEN_. COCO. i, MAR_STERS,_ L. MILLER,
COUNCILMEN NONE .
....... . , il ' - ' ! I ~ I , I , I Ill Il Il ! I I Il Il l
,
COUNCILMEN C. MILLER.
. . i1 , . - ~ .... . i1 m .... . .... ... .. . . ... ......
·
NOES:
ABSENT:
City Clerk, 'CitY~Of .... TUstin, California