Sponsor:  City Manager                       

CITY OF HOMER

HOMER, ALASKA

RESOLUTION 05-126

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA AUTHORIZING THE AMENDMENT OF THE CITY OF HOMER, ALASKA AND PERS (PUBLIC EMPLOYEE'S RETIREMENT SYSTEM) PARTICIPATION AGREEMENT TO ADD THE CLAUSE "EXCLUDING ALL ELECTED OFFICIALS EFFECTIVE NOVEMBER 15, 2005."

            WHEREAS, the City of Homer wishes to amend the agreement dated May 1, 1986 to exclude all Elected Officials effective November 15, 2005.

NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Homer, Alaska, that

1. Page 1 of the Public Employees Retirement System Participation Agreement A. (2) will add the clause "Excluding all Elected Officials effective November 15, 2005."

PASSED AND ADOPTED by the Homer City Council on this 28th day of November 2005.

                                                                        CITY OF HOMER

                                                            _________________________________

                                                                        JAMES HORNADAY, MAYOR

ATTEST:

_______________________________________

MARY L. CALHOUN, CMC, CITY CLERK

Fiscal Impact:  Savings to future PERS actuarial rate is expected but unknown at this time.