HomeMy WebLinkAbout85-13 - Amending Retirement Plan for Safety EmployeesRESOLUTION NO. 85-13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AMENDING THE RETIREMENT
PIAN 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, which was amended and restated in its entirety, effective January 1,
1984, is hereby amended, effective as indicated, as follows:
By DELETING Section 1.10 and SUBSTITUTING therefor the following:
1.10 "Monthly Earnings" means the rate of regular basic monthly earn-
ings frau the Employer excluding bonuses, overtime pay and all other
forms of extra canpensation, except that any portion of the Partici-
pant's contribution as defined in Section 8.1, which is paid by the
Employer, shall be included in monthly earnings for all Participant's
terminating employment on or after January 1, 1981.
In determining the Monthly Earnings of an Employee who is on an
hourly or weekly pay basis, the hourly or weekly rate of earnings of
such Employee shall be multiplied by 173-1/3 or 4-1/3, as the case
may be.
In determining the Monthly Earnings of an Employee who is on approved
leave of absense or military absense in accordance with Subsection 1.2
of this Section as of the Effective Date or as of any Plan Anniversary
and who is not then receiving regular canpensation frau the Employer,
the Monthly Earnings of such Employee in effect as of the date immedi-
ately prior to his entry into such approved leave of absense or
military absense shall be used.
BE IT RESOLVED that the effective date of this amendment shall be
December 3, 1984.
BE IT FURTHER RESOLVED that nothing contained in this amendment to the
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 19th day of February, 1985.
ATTEST:
C Clerk of the City of Costa
STATE OF CALIFORNIA ) 7
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
WflIMP11111m,
Ma r of tl-ie City ofv.: �.
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. 85-13 was duly and regularly passed and adopted by
said City Council at a regular meeting thereof, held on the 19th day of
February, 1985.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 20th day of February, 1985.
City Clerk and ex -officio Clerk of tw
City Council of the City of Costa