447i
RESOLUTION No.447
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 retire
ment 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
disability.
BE IT FURTHER RESOLVED that this Resolution shall take effect January 1,196!
PASSED by the City Council and APPROVED by its Mayor at the regular meeting
on the 28th day of November,1967.
/s/John E.Jones
ATTEST:Mayor
/s/Charles Davenport
City Clerk
APPROVED AS TO FORM:
/s/John E .Calbom
City Attorney