498RESOLUTION NO.498
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 of Moses Lake 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 1,1970.
PASSED by the City Council and Approved by its Mayor at the regular
meeting on the 25th day of November,1969.
Uk
Mayor,Otto 1VJ.Skaug•fc
ATTEST:
APPROVED AS TO FORM:
<T-AJLl6t>-^
ty Attorney,JohnE.Calbom