HomeMy WebLinkAbout2012-77 - Delegation of Authority to Request Employer DisbursementsRESOLUTION NO. 2012 -77
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH DELEGATING THE AUTHORITY TO
REQUEST EMPLOYER DISBURSEMENTS FROM THE
CALIFORNIA EMPLOYER'S RETIREE BENEFIT TRUST
PROGRAM.
WHEREAS, Government Code Section 22940 establishes in the State
Treasury the Annuitants' Health Care Coverage Fund for the prefunding of health care
coverage for annuitants; and
WHEREAS, the California Public Employees' Retirement System ( "CaIPERS ")
Board of Administration has sole and exclusive control and power over the administration and
investment of the Prefunding Plan known as the California Employer's Retiree Benefit Trust
Program ( "CERBT "); and
WHEREAS, the City Council of City of Newport Beach elected to participate in
the CERBT effective March 25, 2008, and
WHEREAS, CaIPERS has requested that the City of Newport Beach
( "Employer') adopt this resolution to increase the number of positions that have the authority
to request Employer disbursements from the CERBT.
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of
Newport Beach delegates to the positions of Finance Director, Deputy Finance Director,
Accounting Manager, and Budget Manager the authority to request on behalf of the
Employer, disbursements from the CERBT and to certify as to the purpose for which the
disbursed funds will be used.
ATTEST:
ADOPTED this 11th day of September, 2012.
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH }
I, Leilani I. Brown, City Clerk of the City of Newport Beach, California, do hereby certify that the
whole number of members of the City Council is seven; that the foregoing resolution, being Resolution
No. 2012 -77 was duly and regularly introduced before and adopted by the City Council of said City at a
regular meeting of said Council, duly and regularly held on the 11°i day of September, 2012, and that the
same was so passed and adopted by the following vote, to wit:
Ayes: Hill, Rosansky, Curry, Selich, Henn, Daigle, Mayor Gardner
Noes: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of
said City this 121" day of September, 2012.
4"
City Clerk
Newport Beach, California
(Seal)