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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 Aa4mi-4 CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA 2