218RESOLUTION NO.218
A Resolution relating to contributions to the Statewide City
Employees Retirement System and making an election as to the basis
of the City's contributions.
WHEREAS,R. C. W.41.44.090 provides that any city having in
its employ ten or more employees who are members of the system may
elect to contribute,in lieu of contributions equal to those deposited by
employees,an amount estimated actuarially necessary to match at
retirement the accumulated normal contributions of its members who
will ultimately retire for service or disability,
NOW,THEREFORE,BE IT RESOLVED:
That the City hereby elects to contribute amounts estimated
actuarially necessary to match at retirement the accumulated normal
requirements of those of its members who will ultimately retire for
service or disability.
BE IT FURTHER BUESOLVED that this resolution shall take
effect January 1,1961.
PASSED by the City Council and APPROVED by the Mayor this
22nd day of November,I960.
ATTEST:
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City Clerk
APPROVED AS TO FORM:
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City Attorney
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