HomeMy WebLinkAbout79-136 - Amending Retirement Plan - Safety EmployeesRESOLUTION NO. 79-136
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 follows:
WHEREAS, the Retirement Plan for Safety Employees of the City of
Costa Mesa established as of July 1, 1962, and amended in its entirety
as of August 13, 1978, by the City of Costa Mesa, a city incorporated
and existing under the laws of the State of California, for the benefit
of certain of its Employees participating in said Plan, is hereby amended
as follows:
4.9 Special Payment to Retired Employees
Effective July 1, 1979, the monthly amount of retirement benefits
payable to Participants then retired and living on that date and
receiving benefits under Sections 4.1, 4.2, or 4.3 shall be
increased by two (2) percent for each full calendar quarter so
retired from July 1, 1977, to July 1, 1978, and by one-half.(1/2)
percent for each full calendar quarter so retired from July 1,
1978, to July 1, 1979.
BE IT RESOLVED that the effective date of this amendment shall be
July 1, 1979.
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 December, 1979.
Mayor of the'City bf Cos a Mesa
ATTEST:
City Clerk o e City of Costasa
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. 79-136 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 3rd
day of December, 1979.
IN WITNESS WHEREOF I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 4th day of December, 1979.
.^./ 10 j - ) 6U-e-��
City lerk and ex -officio Clerk of e
City Council of the City of Costasa