Res 1662 - Rate Pool election
COUNCIL BILL NO. 2363
RESOLUTION NO. 1662
A RESOLUTION ELECTING APPLICATION FOR ENTRY TO THE OREGON
PUBLIC EMPLOYEES RETIREMENT SYSTEM STATE AND LOCAL
GOVERNMENT RATE POOL.
WHEREAS, the 2001 Oregon Legislative Assembly adopted Senate Bill 134
allowing Oregon local government Public Employees Retiree System (PERS) employers to pool
their pension costs with the State of Oregon; and
WHEREAS, the Board of Trustees of the Public Employees Retirement System
has adopted Oregon Administrative Rille 459-009-0070, which allows formation of a State &
Local Government Rate Pool; and
WHEREAS, participation in the State & Local Government Rate Pool has been
determined by this body to be a prudent action; now, therefore,
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. That the City of Woodburn, OPERS Employer Number 2303, hereby
elects to apply for acceptance into the State & Local Government Rate Pool.
Section 2. That a copy of this resolution will be delivered to the Oregon Public
Employees Retirement System Board of Trustees for acceptance into the State & Local
Government Rate Pool effective with the :ct~ari~iod beginning January 1,2002.
Approved as to form~'''''''' I YK.-.J J ~ - 1- - Z ~ 0 (
City Attorney Date
APPROVED~
RI HARD JE GS, YOR
December 10, 2001
December 11, 2001
December 11. 2001
December 11, 2001
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Mayor
ATIEST--d!\~~
Mary e t, Recorder
City of Woodburn, Oregon
Page 1 - COUNCIL BILL NO. 2363
RESOLUTION NO. 1662