HomeMy WebLinkAbout20926 - RESOLUTIONS - 5/19/2004 ' RESOLUTION NO., 20926
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AUTHORIZING THE CITY MANAGER TO
INFORM CALPERS OF THE CITY'S ELECTION TO
COMBINE THE FIRE SAFETY AND POLICE SAFETY
PENSION PLANS, EFFECTIVE JULY 1, 2005.
WHEREAS, the City of Palm Springs provides pension benefits for its employees via
CalPERS; and
WHEREAS, CalPERS has determined that all plans under their administration with less
than 100 active participants will be merged to form larger pooled plans; and
WHEREAS, the City's Fire Safety Plan and Police Safety Plan each has less than 100
active participants; and
WHEREAS, the City believes that combining the two Safety Plans is preferable to
having each Plan assigned to a State-wide pool,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs
to hereby authorize the City Manager to inform CaIPERS of the City's election to
' combine the Fire Safety and Police Safety pension plans.
ADOPTED this 19thday May 12004,
AYES: Members Foat, McCulloch, Mills, Pougnet, and Mayor Oden
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Manager
REVIEWED &APPROVED AS TO FORM
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