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RESOLUTION NO. 9494 <br />A RESOLUTION OF INTENTION TO APPROVE AN <br />AMENDMENT TO CONTRACT BETWEEN THE BOARD <br />OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' <br />RETIREMENT SYSTEM AND THE CITY COUNCIL OF <br />THE CITY OF NEWPORT BEACH (SICK LEAVE <br />CREDIT FOR MISCELLANEOUS MEMBERS AND <br />MILITARY SERVICE CREDIT FOR SAFETY MEMBERS) <br />WHEREAS, the Public Employees' Retirement Law permits <br />the participation of public agencies and their employees in <br />the Public Employees' Retirement System by the execution of a <br />contract, and sets forth the procedure by which said public <br />agencies may elect to subject themselves and their employees <br />to amendments to said law; and <br />WHEREAS, one of the steps in the procedure to amend <br />this contract is the adoption by the legislative body of the <br />public agency of a resolution giving notice of its intention <br />to approve an amendment to said contract, which resolution <br />shall contain a summary of the change proposed in said contract; <br />and <br />WHEREAS, the following is a statement of the <br />proposed change: <br />To provide Section 20930.3 (allowing public <br />service credit for up to four years of con- <br />tinuous military or merchant marine service), <br />for local safety members, and Section <br />20862.8 (providing service credit at retire- <br />ment for unused sick leave), for miscellaneous <br />members. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council <br />of the City of Newport Beach does hereby give notice of <br />intention to approve an amendment to the contract between the <br />