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RESOLUTION NO. 86 -50 <br />A RESOLUTION OF THE CITY COUNC I L OF THE CITY <br />OF NEWPORT BEACH ESTABLISHING THE SALARIES FOR <br />MANAGEMENT AND OTHER KEY EMPLOYEES FOR FISCAL <br />YEAR 1986 -87 AND AMENDING CITY'S CLASSI- <br />FICATION AND COMPENSATION PLAN TO REFLECT SAID <br />CHANGES. <br />WHEREAS, the City Council of the City of Newport Beach <br />has the authority, under the Newport Beach City Charter, to <br />establish salaries for employees; and <br />WHEREAS, the City Manager has recommended certain salary <br />adjustments for management and other key employees; and <br />WHEREAS, the City Council is desirous of implementing, <br />effective July 5, 1986, certain salary changes for management and <br />other key personnel. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of <br />the City of Newport Beach hereby establishes, effective July 5, <br />1986, the salaries for management and other key personnel <br />employees shall be as shown on Exhibit "A" attached hereto and <br />incorporated herein by reference; and <br />BE IT FURTHER RESOLVED in addition to the salary <br />adjustments reflected on the schedule attached as Exhibit "A," <br />City shall pay to the Public Employees Retirement System ( "PERS") <br />Seven Percent (7 %) of the Miscellaneous Members, or Nine Percent <br />(9 %) of the Safety Members employees' contribution to PERS. This <br />retirement contribution shall be credited to each employee's <br />• individual account with PERS; and <br />-1- <br />