CC RES 1978-070 RESOLUTION NO. 78-70
A RESOLUTION OF THE CITY COUNCIL OF •
THE CITY OF RANCHO PALOS VERDES
RELATING TO THE PUBLIC EMPLOYEES
RETIREMENT SYSTEM PLAN
THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES DOES HEREBY
ORDAIN AS FOLLOWS:
Section 1: Under the Public Employees Retirement System
Plan now in effect the City of Rancho Palos Verdes pays a portion
of the City Manager's employee premium share.
Effective as of October 1, 1978 the City will pay an additional
portion of said employee' s premium share equal to 4. 9% of the
City Manager' s present salary. The City' s contribution shall
be reviewed annually.
PASSED, APPROVED AND ADOPTED this 24th day of October, 1978.
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MAYOR
ATTEST:
LEONARD G. WOOD, CITY CLERK AND
EX OFFICIO CLERK OF THE COUNCIL
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I HEREBY CERTIFY that the foregoing is a true and correct copy
of Resolution No 78-70 approved and adopted by the City Council of
the City of Rancho Palos Verdes at a meeting thereof held on the
24th day of October, 1978.
,
LEONARD G. WOOD, CITY CLERK AND
EX OFFICIO CLERK OF THE COUNCIL
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