Resolution 12021CITY OF ALAMEDA RESOLUTION NO. 12021
APPROVING AGREEMENT AUTHORIZING THE RELEASE OF 1959
SURVIVOR BENEFITS ASSETS AND LIABILITIES INTO THE THIRD
LEVEL 1959 SURVIVOR BENEFIT POOL BETWEEN THE BOARD OF
ADMINISTRATION OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE CITY COUNCIL OF THE CITY OF ALAMEDA
WHEREAS, the City Council of the City of Alameda has
adopted a Resolution of Intention to include in its contract with
the Board of Administration, Public Employees' Retirement System,
pursuant to Government Code Sections 21380- 21387, including
Government Code 21382.4, the Third Level of 1959 Survivor Benefits
for local fire and police members; and
WHEREAS, Government Code Section 21382.4, requires all
assets and liabilities of all contracting agencies subject to this
section, and their employees who are covered by this section, to
be pooled into a single account;
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Alameda hereby approves the agreement authorizing the
release of 1959 Survivor Benefit Assets and Liabilities into the
Third Level 1959 Survivor Benefit Pool between the Board of
Administration of the Public Employees' Retirement System and the
City Council of the City of Alameda.
BE IT FURTHER RESOLVED that accumulated and /or future
contributions required of the City of Alameda and its covered
employees are to be released, pursuant to the provisions of
Government Code Section 21382.4, to a single account referred to
erein as the Third Level 1959 Survivor Benefits Pool.
I, the undersigned, hereby certify that the foregoing Resolution
was duly and regularly adopted and passed by the Council of the
City of Alameda in regular meeting assembled on the sixteenth day
of October, 1990, by the following vote to wit:
AYES: Councilmembers Arnerich, Camicia, Thomas,
Withrow and President Corica - 5.
NOES: None.
ABSENT: None.
ABSENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the
official seal of said City this seventeenth day of October, 1990.
Diane Felsch, City Clerk
City of Alameda
AGREEMENT
AUTHORTYING THE RELEASE OF
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
INTO THE
THIRI) LEVEL 1959 SURVIVOR BENEFIT POOL
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLAYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF ALAMEDA
WHEREAS, the City Council of the Clty of Alameda has adopted a Resolution of
Intention to include in its contract with the Board of Administration,
Public Employees' Retirement System, pursuant to Government Code
Sections 21380- 21387, including Government Code Section 21382.4, the
Third Level of 1959 Survivor Benefits for local fire and police
members; and
WHEREAS, Government Code Section 21382.4, requires all assets and liabilities
of all contracting agencies subject to this section, and their
employees who are covered by this section, to be pooled into a single
account;
NOW THEREFORE BE IT AGREED:
Accumulated and /or future contributions required of the City of
Alameda and its covered employees are to be released, pursuant to the
provisions of Government Code Section 21382.4, to a single account
referred to herein as the Third Level 1959 Survivor Benefits Pool.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
CITY COUNCIL
OF THE
CITY OF ALAMEDA
BY BY
CHIEF, CONTRACT SERVICES DIVISION Presiding Officer
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Date
C0505 (Rev. 4/89)