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RESOLUTION NO. 5274
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF HUNTINGTON BEACH REQUESTING THE PUBLIC
EMPLOYEES ' RETIREMENT SYSTEM TO EXTEND THE
FUNDING PERIOD FOR CURRENT SERVICE, DEATH BENE—
FITS., AND 1959 SURVIVOR BENEFIT ACTUARIAL LI—
ABILITIES FOR THE CITY OF HUNTINGTON BEACH
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WHEREAS, the City of Huntington Beach is a contracting
agency of the Public Employees ' Retirement System; and
The passage of Proposition 13 in 1978 and the current state
of the economy have created certain financial uncertainties and
difficulties ; and
The City of Huntington Beach has been informed by the
Actuarial Office of the Public Employees ' Retirement System that
the city may request the extension of its funding period for
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current service, death benefits , and 1959 survivor benefit
actuarial liabilities to June 30, 2011 under the terms of the
contract with the Public Employees ' Retirement System,
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Huntington Beach does request the extension of the
funding period for the current service, death benefits, and 1959
survivor benefit actuarial liabilities to June 30, 2011 under
its contract with the Public Employees ' Retirement System.
BE IT FURTHER RESOLVED that the City Clerk is directed to
forward two certified copies of this resolution to the Public
Employees ' Retirement System.
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the 20th
day of June 1983.
ATTEST:
aY
Ci y Clerk
ahb
5/31/83
6/8/83 1.
REVIEWE APPROVED: APPROVED AS TO FORM:
City Admn `strato ity Attorney
INITIATED AND APP VED:
Chief--nffAdTKinistrat e
ervices
2.
Res. No. 5274
STATE OF CALIFORNIA )
COUNTY OF ORANGE ` ) ss:
CITY OF HUNTINGTON BEACH )
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of more than a majority of all the members of said City Council
at a regular meeting thereof held on the 2nth day
of June , 19 83 , by the following vote:
AYES: Councilmen:
Pattinson, Kelly, MacAllister, Finley, Bailey, Mandic
NOES: Councilmen:
None
ABSENT: Councilmen:
Thomas (ntjt of rnnm)
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California