Resolution 1991-71
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RESOLUTION NO. 91 - 71
RESOLUTION OF THE COUNCIL OF THE CITY OF GILROY APPROVING PARTICIPATION IN THE
PUBLIC AGENCY RETIREMENT SYSTEM (PARS)
WHEREAS, it is determined to be in the best interest of the City of Gilroy
and its employees to provide a qualified retirement system to all part-time
employees, thereby meeting the requirements of Section 11332 of the Social Security
Act; and
WHEREAS, an alternative qualified defined contribution pension plan
entitled Public Agency Retirement System (PARS) is designed for California Public
Agencies; and
WHEREAS, the Public Agency Retirement System (PARS) will qualify as a
retirement plan in place of Social Security coverage.
NOW, THEREFORE, the City Council of the City of Gilroy, does hereby
resolve, determine, and order as follows:
Section 1. Adoption of the PARS pension plan effective January 1, 1992;
and
Section 2. The Personnel Director is hereby appointed as the Plan
Administrator; and
Section 3. The Plan Administrator is hereby authorized to execute adoption
agreement and administration agreement and other necessary
actions to maintain the participation and compliance with
Section 11332 of the Social Security Act and the relevant
regulations issued or as may be issued.
PASSED AND ADOPTED by the City Council of the City of Gilroy at a regular
meeting held on the 18th day of November, 1991.
AYES: COUNCILMEMBERS: GILROY, KLOECKER, ROWLISON, VALDEZ and GAGE.
NOES: COUNCILMEMBER: NELSON
ABSENT:COUNCILMEMBER: None
APPRO VED:
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Mayor
ATTEST:
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City Clerk
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I, SUSANNE E. STEINMETZ, City Clerk of the City of Gilroy, do
hereby certify that the attached Resolution No. 91-71
is an orig inal
resolution, duly adopted by the Council of the City of Gilroy at a regular
meeting of said COlmcil held on the 18t~_ day of November
, 19~_,
at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Official Seal of the City of Gilroy this 20th day of
November
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(Seal)