Ord 2208 - Amend contract Board of Administration CA Public employees Retirement System and TC Town of LG add second retirement for non-swornORDINANCE 2208
ORDINANCE OF THE TOWN OF LOS GATOS AUTHORIZING AN AMENDMENT
TO THE CONTRACT BETWEEN THE TOWN COUNCIL OF THE TOWN OF LOS
GATOS AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES' RETIREMENT SYSTEM TO ADD A SECOND RETIREMENT TIER
(TO PROVIDE SECTION 21353 (2% @ 60 FULL FORMULA) FOR NONSWORN
( "MISCELLANEOUS ") EMPLOYEES
THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES ORDAIN AS
FOLLOWS:
SECTION I
That an amendment to the contract between the Town Council of the Town of Los Gatos and the
Board of Administration, California Public Employees' Retirement System is hereby authorized,
a copy of said amendment being attached hereto, marked "Exhibit A ", and by such reference
made a part hereof as though herein set out in full.
SECTION II
The Mayor of the Town of Los Gatos is hereby authorized, empowered, and directed to execute
said amendment for and on behalf of said Agency.
SECTION III
In the event that any part of this ordinance is held to be invalid, the invalid part or parts
shall be severed from the remaining portions which shall remain in full force and effect.
SECTION IV
This ordinance was introduced at a regular meeting of the Town Council of the Town of
Los Gatos on May 21, 2012 and adopted by the following vote as an ordinance of the Town of
Los Gatos at a regular meeting of the Town Council of the Town of Los Gatos on August 6,
2012.
COUNCIL MEMBERS:
AYES: Steven Leonardis, Diane McNutt, Joe Pirzynski, Barbara Spector, and Mayor Steve Rice
NAYS:
ABSENT:
ABSTAIN:
SIGNED: I //,/
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
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CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
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