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HomeMy WebLinkAboutResolutions - No. 2016-75RESOLUTION NO. 2016-75 A RESOLUTION OF THE LODI CITY COUNCIL GRANTING ANOTHER DESIGNATED PERIOD FOR TWO YEARS ADDITIONAL SERVICE CREDIT IN ACCORDANCE WITH GOVERNMENT CODE SECTION 20903 WHEREAS, the City of Lodi is a contracting Public Agency of the California Public Employees' Retirement System (CaIPERS); and WHEREAS, the City of Lodi's contract with CaIPERS includes the optional benefit of Two Years Additional Service Credit for local Miscellaneous members; and WHEREAS, the City of Lodi has a need to reduce City spending in Fiscal Year 2016/17; and WHEREAS, the City of Lodi desires to provide another designated period for Two Years Additional Service Credit, in accordance with Government Code Section 20903, based on the contract amendment included in said contract which provided for Section 20903, Two Years Additional Service Credit, for eligible members. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby approve and hereby grant another designated period for Two Years Additional Service Credit, in accordance with Government Code Section 20903, from May 5, 2016 through September 1, 2016 for eligible members in the following classification: 1 Classification 1 Recreation Superintendent Date: May 4, 2016 Department Parks, Recreation, and Cultural Services I hereby certify that Resolution No. 2016-75 was passed and adopted by the Lodi City Council in a regular meeting held May 4, 2016, by the following vote: AYES: COUNCIL MEMBERS — Johnson, Kuehne, Mounce, Nakanishi, and Mayor Chandler NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None 2016-75 )//-1, flkfAlttire0 NNIFE' M. FERRAIOLO City Clerk