Resolution 13193CITY OF ALAMEDA RESOLUTION NO. 1319 3
ADOPTING THE AMENDED AND RESTATED
PUBLIC AGENCY RETIREMENT SYSTEM (PARS)
TRUST AGREEMENT
WHEREAS, the City is a member of the Public Agency Retirement System (PARS)
for the purpose of providing tax qualified retirement benefits; and
WHEREAS, the City provides a Qualifying Retirement System for its employees,
thereby meeting the requirements of Section 11332 of the Omnibus Budget Reconciliation Act
(OBRA 90) and Section 3121(b)(7)(F) of the Internal Revenue Code (IRC); and
WHEREAS, PARS, a governmental trust, has been adopted by the City that qualifies
under California Government Code Sections 53,000 and 20,000, OBRA 90 Section 11332, IRC
Sections 3121(b)(7)(F) and 401(a), and meets the meaning of the term "retirement system" as given
by Section 218(b)(4) of the Federal Social Security Act; and
Alameda that:
WHEREAS, the City is a member of the PARS Trust.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
The City Council hereby adopts the Amended and Restated PARS Trust
Agreement ;affective April 1, 2000.
2. The City Council hereby appoints the Finance Director, or his/her successor
or his/her designee as the City's Plan Adinistrator for the Public Agency
Retirement System; and
3. The City's Plan Administrator is hereby authorized to execute the PARS
legal documents on behalf of the City and to take whatever additional actions
are necessary to maintain the City's participation in PARS and to maintain
PARS compliance of any relevant regulation issued or as may be issued;
therefore, authorizing him/her to take whatever additional actions are
required to administer the City's PARS plan.
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 21st day of March , 2000, by the following vote to wit:
AYES: Councilmembers Daysog, DeWitt, Johnson, Kerr and
Mayor Appezzato - 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and afrixed the official seal of said City
this 22nd day of March , 2000.
A %«
Di. e Felsch, City Clerk:
City of Alameda