HomeMy WebLinkAboutResolution 103-92 RESOLUTION NO. 103-92
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ATASCADERO
REQUESTING THE PUBLIC EMPLOYEES'
RETIREMENT SYSTEM TO EXTEND THE
FUNDING PERIOD FOR CURRENT SERVICE
ACTUARIAL LIABILITIES FOR THE
CITY OF ATASCADERO
WHEREAS, the City of Atascadero is a contracting agency of
the Public Employees' Retirement System; and
WHEREAS, the City is experiencing short-term financial
difficulties that make it necessary to reduce operating costs
wherever possible; and
WHEREAS, the City of Atascadero has been advised by the
Contract Services Division of the Public Employees' Retirement
System that the City Council may request an extension of the
funding period for the safety category for current service
actuarial liabilities to June 30, 2011;
NOW, THEREFORE BE IT RESOLVED, that the City Council of the
City of Atascadero does request an extension of the funding
period for the safety category for current service actuarial
liabilities to June 30, 2011, and further resolves to direct the
City Clerk to forward a certified copy of this resolution to the
Public Employees' Retirement System.
On motion by Councilperson Kudlac and seconded by
Councilperson Bewley, the foregoing Resolution is hereby adopted
in its entirety on the following roll call vote:
AYES: Councilmembers Luna, Kudlac, Bewley and Mayor Nimmo
NOES: None
ABSENT: Councilmember Borgeson
ADOPTED: October 27, 1992
CITY OF ATASCADERO
By:
ATTES • ROBERT P. NIMMO, Mayor
LE OIN, ` ty Clerk
Resolution No. 103-92
Page 2
APPROVED AS TO FORM:
ARTAHR ONTANDON
City Attorney