Resolution No. 5050
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RESOLUTION NO. 5050
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON APPROVING AND AUTHORIZING THE
EXECUTION OF A CONTRACT BY AND BETWEEN THE
CITY.OF VERNON AND THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM FOR MAKING AN ACTUARIAL
VALUATION AS STATED THEREIN
WHEREAS, the Board of Administration of the Public
Employees' Retirement System and the City of Vernon have entered
into a Contract dated October 23, 1948, effective November 1,
1948 and amendments thereto effective April 1, 1956, October 1,
1960, July 1, 1966, October 1, 1972, May 1, 1974, November 1,
1975 and March 1, 1979; and
WHEREAS, the City of Vernon wishes to contract with the
Public Employees' Retirement System for the purpose of obtaining
an actuarial valuation report in order for the City of Vernon to
obtain factual information for proposed optional benefits for
Fire Department Safety Personnel in conformance with Section
20461.1 of the Public Employees' Retirement Law; and
WHEREAS, the City Council of the City of Vernon has
determined that it is in the best interests of the City of Vernon
to enter into such an agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
SECTION 1: That the City Council of the City of Vernon
24 hereby determines that the recitals contained hereinabove are
25 true and correct.
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SECTION 2: That the City Council of the City of Vernon
27 hereby approves the Contract by and between the City of Vernon
28 and the Public Employees' Retirement System for making an
1 actuarial valuation as stated therein, a copy of which has been
2 presented to the City Council concurrently with this Resolution,
3 and the City Council hereby orders said Contract to be received
4 and filed by the City Clerk.
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SECTION 3: That the City Council of the City of Vernon
6 hereby authorizes the Mayor to execute said Contract for, and
7 on behalf of, the City of Vernon.
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SECTION 4: That the City Clerk of the City of Vernon
shall certify to the passage of this Resolution and thereupon
and thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 6th day of October, 1983.
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ATTEST:
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BRUCE V. MALKENHORST, City Clerk
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1 STATE OF CALIFORNIA
ss
2 COUNTY OF. LOS ANGELES
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4 i I, BRUCE V. MALKENHORST, City Clerk of the City of
5 Vernon, do hereby certify that the foregoing Resolution, being
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Resolution No. 5050
, was duly adopted by the City Council
7 of the City of Vernon, and was approved by the Mayor of said
8 City at an adjourned meeting of the City Council held on Thursday
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October 6
f 1983.
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BRUCE V. MALKENHORST', City Clerk
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(SEAL)
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