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ATTACHMENT <br />ORDINANCE NO. <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 />To provide Section 20516 (Employees Sharing Additional Cost) of an additional 0.5% for <br />classic local police members; and <br />Section 20516 (Employees Sharing Additional Cost) of an additional 0.5% for classic <br />local fire members. <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 July 1, 2016. <br />The foregoing Ordinance was introduced at a regular meeting of the City Council of the <br />City of Pleasanton on by the following vote. <br />Ayes: <br />Noes: <br />Absent: <br />Abstain: <br />Jerry Thorne, Mayor <br />