HomeMy WebLinkAbout04 - PERS Contract AmendmentCITY OF NEWPORT BEACH
CITY COUNCIL STAFF REPORT
Agenda Item No. 4
May 24, 2005
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: City Manager's Office
Sharon Wood, Assistant City Manager
949 - 644 -3222, swood @city.newport- beach.ca.us
SUBJECT: Ordinance to Approve Amendment to PERS Contract to Provide Pre -
Retirement Optional Settlement Death Benefit to Safety Employees
RECOMMENDATION:
Continue to June 14, 2005.
DISCUSSION:
The recommendation in the report for the City Council meeting of May 10 mistakenly
indicated that this Ordinance should pass to second reading on May 24. CaIPERS
procedures require a minimum of twenty days after adoption of the Resolution of
Intention before the Ordinance may be adopted. Continuation to June 14 will meet this
requirement.
Submitted by:
aron Wood
Assistant City Manager