HomeMy WebLinkAbout91-75 - Retirement Plan for Safety Employees. � t!S 7
RESOLUTION NO. 91-75
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AMENDING THE RETIREMENT
PLAN FOR SAFETY EMPLOYEES OF THE CITY OF COSTA MESA
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS
FOLLOW&:
WHEREAS, the Retirement Plan for Safety Elmployees of the City of Costa
Mesa, established as of July 1, 1962, last amended and restated effective
July 1, 1987, is hereby amended as follows:
4.96 Special Payment to Retired Ehployees
Effective October 1, 1991, the monthly amount of retirement benefits
payable to participants then retired and living on that date and receiving
benefits under Subsections 4.1, 4.2, 4.3, or 4.4, shall be increased by
one-quarter percent (1/48) for each full calendar quarter so retired from
July 1, 1988, to July 1, 1990, and by zero percent (08) for each full
calendar quarter so retired frau July 1, 1990, to July 1, 1991, with a
minimum increase of twenty dollars ($20.00) per month to such participants
then retired and living effective July 1, 1989.
NOW, THEREFORE, BE IT RESOLVED that the effective date of this amend-
ment shall be October 1, 1991.
BE IT FURTHER RESOLVED that nothing contained in this amendment to
the restated Retirement Plan shall be held to alter or affect any of the
provisions of this Plan other than as herein specifically provided.
PASSED AND ADOPTED THIS 3rd day of September 1991.
Mayor olo
the City of Costa Mesa
ATTEST:
City Clerk of the City of Costa esa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and fore-
going Resolution No. 91-75 was duly and regularly passed and adopted by
the said City Council at a regular meeting thereof held on the 3rd day of
September, 1991.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
L
of the City of Costa Mesa this 4th day of September, 1991.
City Clerk and ex -officio Clerkthe
City Council of the City of Cos Mesa