HomeMy WebLinkAbout78-04 - Amending Retirement PlanRESOLUTION NO. 78-4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AMENDING CERTAIN SEC-
TIONS OF THE RETIRMENT PLAN FOR EMPLOYEES OF THE
CITY OF COSTA MESA.
The City Council of the City of Costa Mesa does hereby resolve as
follows:
WHEREAS, the Retirement Plan for employees of the City of Costa
Mesa, established as of July 1, 1962, was amended in its entirety as of
July 1, 1973, for the benefit of certain of its employees participating
in said Plan, therefore be it resolved that Section 8.1 is now hereby
amended as follows:
Participant_'s Contributions
Effective January 1, 1978, each safety member shall make
a contribution for each month during which he is covered
and participating equal to nine percent (9%) of his month-
ly earnings.
Each other member shall make a contribution for each month
during which he is covered and participating equal to seven
percent (7%) of his monthly earnings.
Nothing contained in this amendment shall be held to alter or
affect any of the provisions of this Plan other than as herein speci-
fically provided.
PASSED AND ADOPTED this 3rd day of January, 1978.
Ma r of the City of Co a
ATTEST:
City Clerk of the City of Cost 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
foregoing Resolution No. 78-4 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 3rd
day of January, 1978.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 4th day of January, 1978.
City
Clerk and
ex -officio Clerk opfthe
City
Council of
the City of CostaVMesa