1988 (1) CalPERS/Retirement System Amendment - Release of Survivor BenefitsAGREEMENT
AUTHORIZING THE RELEASE OF
1959 SURVIVOR BENEFITS ASSETS AND LIABILITIES
INTO THE
THIRD LEVEL 1959 SURVIVOR BENEFIT POOL
BETWEEN THE
BOARD OF ADMINISTRATION
OF THE
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
AND THE
CITY COUNCIL
OF THE
CITY OF LA QUINTA
WHEREAS, the City Council of the City of La Quinta has adopted a Resolution of
Intention to include in its contract with the Board of Administration,
Public Employees' Retirement System, pursuant to Government Code
Sections 21380-21387, including Government Code Section 21382.4, the
Third Level of 1959 Survivor Benefits; and
WHEREAS, Government Code Section 21382.4, requires all assets and liabilities
of all contracting agencies subject to this section, and their
employees who are covered by this section, to be pooled into a single
account;
NOW THEREFORE BE IT AGREED:
Accumulated and/or future contributions required of the City of La
Quinta and its covered employees are to be released, pursuant to the
provisions of Government Code Section 21382.4, to a single account
referred to herein as the Third Level 1959 Survivor Benefits Pool.
BOARD OF ADMINISTRATION
PUBLIC EMPLOYEES' RETIREMENT SYSTEM
BY
ASSISTANT EXECUT;V1 OFFICER
C0505 (Rev. 6/88)
CITY COUNCIL
OF THE
CITY OF LA QUINTA
BY ljl-li��Z /�
Presiding Officer
Date