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HomeMy WebLinkAboutResolution 585 Retirement System for Employees of City 4 'J ,.,- ....a cm,:MlSS10N REWLUTIONNO. 585 A RESOLUTION OF 'rHE CQtilMIS.:.JION OF 'rHE C lTY OF BOZEMAN, MONTANA. ESTABLI~)HING A RETIRFJvlENT SYSTEM FOR EViPLOYEES OF SAID CITY PUR- SUANT TO RE3)LUTION OF ll\TENTiON NUMBER 583 AND THE PROVISIONS 010' CHAPTER 212 SESSION LAWS OF MOI\TANA, 1945. WHEREAS, The City Commission of The City of Bozeman on the 7th day of August, 1946 I adopted a resolution of Intention to establish a Retirement System for the employees of such City upon the identical terms, conditions, rights, privileges and plan provided by the Public Employees Retirement Act to become effective October 1st, 1946, as will more fully appear by trie original Resolution of Intention herein referred to for particulars, and WHEREAS, an election was held on the 20th day of August, 1946, between the hours of 9:00 A.M. and 5:00 P.M. in the office 0 f the Clerk 0 f said City of Bozeman and the total vote cast at such election was thirty (30), of which number (30) voted in favor of said Resolution, and none voted as opposing said Hesolution, and that a majority of the eligible individual employees affected by such Resolution thereby voted in favor of participating in said Retirement System, and WHEREAS, the Certificate of the Clerk of said Gity Commission filed with this Commis- sion shows that 32 employees are eligible for membership in said Retirement System; that one (I) employee indicated by signing a Statement of Withdrawal on the Reverse of their Employees Statement of Employment Record (PERS-I) Card that they did not desire to par- ticipate in such Retirement System; that more than 75% of the eligible employees have I signed up as desiring membership and participation in the Public Employees Retirement System, NOW, TBEHEFORE, BE 1T RESOLVED BY THE; COMIw.LSS.LON OF THE CITY OF BOZEMAN, That the Mayor and theCierk of the City Commission, be and they are hereby author- ized and directed to execute and sign on behalf of The City of Bozeman with the Board of Administration of the Public Employees Retirement System, of the State of Montana, a con- tract carrying out the purpose and extent of this Resolution; that all of the rights, du ties, privileges, benefits and payments provided by the Public Employees Retirement Act (Chapter 212 Session Laws of Montana, 1945) shall apply to those employees of this body who have not withdrawn from participation therein; that such contract shall apply as of the 1st day of October, 1946; That the Clerk of the City Commission shall withhold and deduct from the salerie s earned and paid to such employee member of the System the rate of normal contribution prescribed by l\egulation No.2 of the Board of Administration of the Public Employees Retirement System, and shall deduct each year from the first sala_ry earned and paid to such employee member the membership f.ee of $1.00 for the fiscal year as provided in Re- I gulation No. 5 of said Board; that this body hereby contI'acts with and binds the said The City of Bozeman to pay over the sum of three percent (3%) on the total amount of the salaries earned and paid to such employee member of the Retirement System to said Board 0 f Adminis tra tion, at such times as the amount thereof shall be determined, re- conciled and requested t,y said Board of Administration; that in the event subsequent Legislative Assemblies of the State of Montana shall amend the said Public Employees - --- 41f. Retirement Act as to its benefits, rights, payments or the contribution rate applic- able to the State 0 f Montana, or its political subdivisions and public agencies, the contract hereby established and set up shall be amended to correspond thereto and such amendments shall be made a part of this Resolution and contract thereunder. Passed and adopted by the City Commission of The City of Bozeman, Montana in I regular session assembled this 4th day of September, 1946. ATTEST: I d/~ Mayor. Cl rk of the Ci ty Commission. State of Montana. ) ) ss County of Gallatin ) I, L. G. Shadoan, Clerk of the Commission of The City of Bozeman do hereby certi- fy thAt the foregoing Resolution No. 585 was publi shed by title and number in the 130 z- eman Daily Chronicle, a newspaper of general c ircu1atlon printed and published in said City in the issue of September 8th, 1946, and thAt due proof is on file in my office. IN W1TNESS '~'JHEREOF 1 hereunto set my hAnd and affix the seal of my office this 9th day of September, 1946. ~~~ I Cl rk of the CityCommlsslon. I . _n..