470RESOLUTION No.470
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 41.44.09 0 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 1,1969.
PASSED by the City Council and APPROVED BY its Mayor at the regular meeting of
November 26th,1968.
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APPROVED AS TO FORM:
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City Attorney
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