HomeMy WebLinkAbout81-56 - Amending Retirement Plan for Safety Employees189
RESOLUTION NO. 81-56
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA 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:
4.91 Special Payment to Retired Employees
Effective July 1, 1981, the monthly amount of retirement benefit
payable to participants then retired and living on that date
and receiving benefits under Subsections 4.1, 4.2, or 4.3 shall
be increased by 1-1/4 percent for each full calendar quarter so
retired from July 1, 1979 to July 1, 1981, with a minimum increase
of $25.00 per month to participants then retired and living effec-
tive July 1, 1979.
BE IT RESOLVED that the effective date of this amendment shall be
July 1, 1981.
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 providedl
PASSED AND ADOPTED this 15th day of June, 1981.
Mayor of the City of Cos a Mesa
ATTEST:
r.� (:�Dy -
L - -
Ci y Clerkof t e ity o osta M a
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. 81-56 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 15th
day of June, 1981.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 16th day of June, 1981.
Ci t er an ex -o icio Fe '15 o e
City Council of the City of Costa esa