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HomeMy WebLinkAboutReso 072-00 Benefit Plan RESOLUTION NO. 72 - 00 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN AMENDING THE BENEFIT PLAN WHEREAS, the~Personnel System Rules require the City Council to adopt a Benefit Plan, and WHEREAS, the Benefit Plan prescribes the current benefits provided to employees by the City. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin hereby amends Resolution No. 101-91 and subsequent amendments to include the following: Section 7. Retirement: The City will provide the California Public Employees Retirement System 2% at age 55 (Section 21354 of the California Public Employees' Retirement System plan) and One-Year Final Compensation (SectiOn 20042 of the California Public Employees' Retirement System plan) to all eligible employees, effective July 1, 2000. The City Council shall have the authority to amend the plan to include benefit options offered by the Public Employees Retirement System. PASSED, APPROVED AND ADOPTED this 16t~ day of May, 2000. AYES: Councilmembers Howard, McCormick, Zika, Vice Mayor Lockhart and Mayor Houston NOES: None ABSENT: None ABSTAIN: None K2/G/5-16 -00/reso-2at55. doc (Item 6.3)