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Town of Truckee <br /> <br />California <br /> <br />RESOLUTION NO. 94-51 <br /> <br />A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE TO <br />APPROVE A CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND THE TOWN OF TRUCKEE <br /> <br />WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies <br />in the Public Employees' Retirement System, making their employees members of said System, <br />and sets forth the procedure by which participation may be accomplished; and <br /> <br />WHEREAS, one of the steps required in the procedure is the adoption by the governing body <br />of the public agency of a resolution giving notice of intention to approve a contract for such <br />participation of said agency in the Public Employees' Retirement System, which resolution shall <br />contain a summary of the major provisions of the proposed retirement plan; and <br /> <br />WHEREAS, the proposed contract to be executed is as follows: <br /> <br />In consideration of the covenants and agreement hereafter contained and on the <br />part of both parties to be kept and performed, the governing body of above public <br />agency, hereafter referred to as "Public Agency" and the Board of Administration, <br />Public Employees' Retirement System, hereafter referred to as "Board", hereby <br />agree as follows: <br /> <br />All words and terms used herein which are defined in the Public Employees' <br />Retirement Law shall have the meaning as defined therein unless otherwise <br />specifically provided. "Normal retirement age" shall mean age 55 for local <br />miscellaneous members. <br /> <br />Public Agency shall participate in the Public Employees' Retirement System <br />from and after November 20, 1994 making its employees as hereinafter <br />provided, members of said System subject to all provisions of the Public <br />Employees' Retirement Law except such as apply only on election of a <br />contracting agency and are not provided for herein and to all amendments <br />to said Law hereafter enacted except those, which by express provisions <br />thereof, apply only on the election of a contracting agency. <br /> <br />Employees of Public Agency in the following classes shall become members <br />of said Retirement System except such in each such class as are excluded <br />by law or this agreement: <br /> <br />a. Employees other than local safety members (herein referred <br /> to as local miscellaneous members.) <br /> <br /> <br />