Resolution No. 1182RESOLUTION NO. 1182
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CYPRESS REQUESTING DEFERMENT OF INCREASED
EMPLOYER CONTRIBUTION RATES.
WHEREAS, the State Legislature has passed and the Governor has signed
Senate Bill 249; and
T,?
WHEREAS, Senate Bill 249 provides for an increased employer contribution
rate of 7.152 for miscellaneous employeesof the Public Employees Retirement System;
and
WHEREAS, the existing employer contribution rate for the City of Cypress
is 3.8162; and
WHEREAS, the new rate would increase retirement costs for the City of
Cypress during fiscal year 1971-72 in the amount of $22,421.65; and
WHEREAS, the increased retirement costs were not anticipated and not
included in the preparation of the 1971-72 annual budget for the City of
Cypress; and
WHEREAS, Senate Bill 249 provides relief for contracting agencies whose
new rate will be higher than the old rate by requesting deferment of the
effective date of the higher rate until July 1, 1972.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
Cypress hereby requests that the Public Employees' Retirement System defer
the effective date of the higher employer contribution rate until July 1,
1972.
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Cypress held on the 28th day of June, 1971.
ATTEST:
1(
CITY C RR OFECITY 0P CYPRESS
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
MAYOR OF THE CITY OF
5
I, DARRELL ESSEX, City Clerk of the City of Cypress, California, do hereby
certify that the foregoing resolution was duly adopted by the City Council of
said City at a regular meeting held on the 28thday of June, 1971,
by the following roll call vote:
AYES: 4 COUNCILMEN:
NOES: 0 COUNCILMEN:
ABSENT: 1 COUNCILMEN:
Kanel, Kanode, Roberts and Harvey
None
Lacayo
CITY CLERK 0 THE CITYIIP CYPRESS