HomeMy WebLinkAboutRESOLUTION 1969-16~ --- _ -. - ~ - t - - -- --~-- ----~.-
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CITY OF KENAI, ALASKA
RF.SOLUTION N0. 69-16
A RESOLUTION AUTNORIZINC THE PARTICIPATION OF TIIE CITY AND ITS
EMPY.OYEES ANU OFPICALS IN THE PUBLIC F.MPLOYFES' RETIREMENT
SYSTEM OF ALASKA , AND TElE PAYMENT OF TNE REQUIIt~D PREMIUMS,
PUASUANT TO AS 3y.35 et seq.
WHEREAS, the City of Kenai, Alaska wiahes to increase che frinqe
benefits of its employees by adoption of a retirement syatem; and
WHEREAS~ the City of Keaai in oruer to better professionalize its
City services;
NOW THBREFORE BE IT RESOLVED BY THE COUNCIL OF Tt1E CITY OF KENAI,
AI~KA: tha~
1. Pursuant to AS 39.35.35.550 et seq. the City of Kenai hereby
requests to enroll the City of Keaai as participating employer in
the atate retirement syetem , under the provieions of the Public
Employees' Retirement System of Alaska Act. The employees of the
City are provided coverage under Title II of the Federal Social
3ecurity Act. The Citq futther requests that participation in the
state retirement system be wade effective on 1 July, 1969.
2. The Citq Manager ia hereby directed to desiqnate the departments,
. groupa or other ciassificatione of empioqees or officere to partici- .
pate in the sqseeoa. The City of Kenai hereby agrees to make contri-
butions each year which are sufficient to meet the normal cost attri-
butable to inclusion of its employees and to amortize the paet ser-
vice cost for its employees over a period not exceeding forty years. °
The Citq Manager ie authorized and directed to do all things necessarq
for city participation in the state retirement program.
PASSED AND APPROVED THIS 2nd. day of July 1969.
Atteat:
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Mi kie Norene
Deputq Citq Clerk
CITY OF KENAI ALASKA
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Billq ~.L"Carin, 'Vice Maqor
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