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ORDINANCE NO. 2040 <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> AUTHORIZING AN AMENDMENT TO CONTRACT BETWEEN THE CITY OF <br /> PLEASANTON AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA <br /> PUBLIC EMPLOYEES' RETIREMENT SYSTEM <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, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES <br /> HEREBY ORDAIN AS FOLLOWS: <br /> SECTION 1. The City Council hereby gives notice of intention to approve an <br /> amendment to the contract between the City of Pleasanton and the Board of Administration of <br /> the Public Employees' Retirement System, a copy of said amendment being attached hereto, as <br /> an "Attachment" and by this reference made a part hereof. <br /> SECTION 2. A summary of this ordinance shall be published once within fifteen (15) <br /> days after its adoption in "The Valley Times," a newspaper of general circulation published in <br /> the City of Pleasanton, and the complete ordinance shall be posted for fifteen (15) days in the <br /> City Clerk's office within fifteen (15) days after its adoption. <br /> SECTION 3. This ordinance shall be effective thirty (30) days after its passage and <br /> adoption. <br /> The foregoing Ordinance was introduced at a regular meeting of the City Council of the <br /> City of Pleasanton on May 15, 2012 and adopted at a regular meeting of the City Council of the <br /> City of Pleasanton on June 5, 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 />