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RESOLUTION NO. 2005- 24 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT <br />BEACH DECLARING ITS INTENTION TO APPROVE AN AMENDMENT TO <br />CONTRACT BETWEEN THE BOARD OF ADMINISTRATION, CALIFORNIA <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE CITY COUNCIL, <br />CITY OF NEWPORT BEACH <br />WHEREAS, the Public Employees' Retirement Law permits the <br />participation of public agencies and their employees in the Public Employees' <br />Retirement System by the execution of a contract, and sets forth the procedure <br />by which said public agencies may elect to subject themselves and their <br />employees to said Law; and <br />WHEREAS, one of the steps in the procedures to amend this contract is <br />the adoption by the governing body of the public agency of a resolution giving <br />notice of its intention to approve an amendment to said contract, which resolution <br />shall contain a summary of the change proposed in said contract; and <br />WHEREAS, the following is a statement of the proposed change: <br />To provide Section 21548 (Pre- Retirement Optional <br />Settlement 2 Death Benefit) for local safety members. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City <br />of Newport Beach does hereby give notice of its intention to approve an <br />amendment to the contract between said public agency and the Board of <br />Administration of the Public Employees' Retirement System, a copy of said <br />amendment being attached hereto, as an "Exhibit" and by this reference made a <br />part hereof. <br />Passed and adopted by the City Council of the City of Newport Beach at a <br />regular meeting held on the 10t" day of " <br />►_isles <br />r�`� ,.�� � .�1 G� � Cierr_ <br />.Pd LaVonne M. Harkless, City Clerk <br />0 r <br />c � <br />