312RESOLUTION No.312
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 RCW 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 RESOLVED that this Resolution shall take effect
January 1,1964.
PASSED by the City Council and Approved by its Mayor at the regular
meeting on the 26th day of November,1963.
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APPROVED AS TO FORM:
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