Ordinance No. 798ORDINANCE NO. 798
AN URGENCY ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CYPRESS AUTHORIZING AN
AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF CYPRESS AND
THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES" RETIREMENT
SYSTEM.
THE CITY COUNCIL OF THE CITY OF CYPRESS DOES ORDAIN AS FOLLOWS:
SECTION 1. That an Amendment to the Contract between the City Council of
the City of Cypress and the Board of Administration, California Public
Employees" Retirement System is hereby authorized, a copy of which is on file
in the office of the City Clerk, and by this reference is incorporated herein
as Exhibit "A ", relating to providing the 1959 Survivor Benefit - Level 3, for
Safety Employees (2% at 50 formula).
SECTION 2. The Mayor of the City of Cypress is hereby authorized,
empowered, and directed to execute said Amendment for and on behalf of said
Agency.
SECTION 3. The City Council finds that there is a current and immediate
threat to the public health, safety, or welfare, in that the City Council and
the Safety Employees entered into an agreement on March 29, 1988, to provide
the 1959 Survivor Benefit - Level 3, and it is the intention of the City
Council that the same be effective immediately upon the adoption of this
Urgency Ordinance.
PASSED AND ADOPTED by the City Council of the City of Cypress at an
adjourned regular meeting held cn the 24th day of May 1988.
MA OR THE CITY OF CYPRESS
ATTEST:
��
CITY CLERK OFD HE CITY CYPRESS
STATE OF CALIFORNIA)
SS
COUNTY OF ORANGE )
I, DMIL ESSEX, City Clerk of the City of Cypress, DO HEREBY C I ITE'Y that the forming
Ckdinanoe was duly adopted at an adjc*xr ec3 regular meeting of the said City Canci1 held cn the
24th day of May 1988; ty the fallcwing roll call vote:
AYES: 5 COUNCIL MEMBERS: Oararxb, Davis, Karel, Mullen and Arnold
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: Norte
CITY CLERK �'r THE CI OF CYPRESS