HomeMy WebLinkAbout1995-06-06; City Council; Resolution 95-1460 a
RESOLUTION 95- 146
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’ RETIREiUENT SYSTEM AND THE
CITY COUNCIL
OF THE
CITY OF CARLSBAD
WHEREAS, Government Code Section 21382.4 provides for a single employer rate to be established tl
provide benefits under said Section on account of members employed by contractir
agencies electing to include the provision of said Section in their contracts; and
WHEREAS, Government Code Section 21382.4, requires pooling of all assets and liabilities of a
contracting agencies on account of benefits provided under Article 6, commencing wi
Section 21380;
NOW, THEREFORE BE IT AGREED, that assets and liabilities of the City of Carlsbad and i
covered employees, on account of the benefits provided under Article 6, commencing wi
Section 21380, shall be pooled pursuant to the provisions of Government Code Sectil
21382.4.
BOARD OF ADMINISTRATION CITY COUNCIL
PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
BY
CHIEF ACTUARY
ACTUARIAL OFFICE CLAUDE A. LEWIS, Mayor
PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
Date June 7, 1995
PERS-CON-59 (Rev. 3/95)