381RESOLUTION No.381
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 41.14 .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 require
ments of those of its members who will ultimately retire for service or dis
ability.
BE IT FURTHER RESOLVED that this Resolution shall take effect January 1,1966
PASSED by the City Council and APPROVED by its Mayor at the regular meeting
on the 23rd day of November,1965 .
ATTEST:
city Clerk y
APPROVED AS TO FORM:
r#ty Attorney