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RESOLUTION NO. 12-531 <br /> A RESOLUTION OF INTENTION OF THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON TO APPROVE AN AMENDMENT TO CONTRACT BETWEEN THE <br /> CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY OF <br /> PLEASANTON <br /> WHEREAS, the Public Employees' Retirement Law permits the participation of public <br /> agencies and their employees in the Public Employees' Retirement System by the execution of <br /> a contract, and sets forth the procedure by which said public agencies may elect to subject <br /> themselves and their employees to amendments to said Law; and <br /> WHEREAS, one of the steps in the procedures to amend this contract is the adoption by <br /> the governing body of the public agency of a resolution giving notice of its intention to approve <br /> an amendment to said contract, which resolution shall contain a summary of the change <br /> proposed in said contract; and <br /> WHEREAS, the following is a statement of the proposed change: <br /> Provide Section 20475 (Different Level of Benefits). Section 21363.1 (3% @ 55 Full <br /> formula) and Section 20037 (Three-Year Final Compensation) are applicable to local <br /> police members entering membership for the first time in the police classification after <br /> the effective date of this amendment to contract. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1: The City Council hereby gives notice of intention to approve an amendment <br /> to the contract between the City of Pleasanton and the Board of Administration of the Public <br /> Employees' Retirement System, a copy of said amendment being attached hereto, as an <br /> "Attachment" and by this reference made a part hereof. Final adoption of this agreement will be <br /> considered on June 19, 2012. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on May 15, 2012 <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 15`" day of May, <br /> 2012, by the following vote: <br /> Ayes: Councilmembers Cook-Kallio, McGovern, Sullivan, Thorne, Mayor Hosterman <br /> Noes: None <br /> Absent: None ^. <br /> Abstain: None <br /> I <br /> .ren -Diaz, City Cle <br /> APPROVED AS TO FORM: <br /> Jonathan P. Lowell, City Attorney <br /> 4 <br />