HomeMy WebLinkAboutRESOLUTIONS - 05221984 - 84-306 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted.this Order on May 22 , 1984 , by the following vote:
AYES: Supervisors Powers , Fanden, Schroder , McPeak, Torlakson.
NOES: None.
ABSENT: None.
ABSTAIN: None .
SUBJECT: Making Government Code )
531681 . 8 Operative for ) RESOLUTION NO. 84/306
Retirement Benefits )
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The Contra Costa County Board of Supervisors RESOLVES THAT:
1 . Background : On April 30, 1984, the Retirement Board of
Contra Costa County Employees Retirement Association voted to
transfer the sum of $486 , 794 from excess surplus to the County to
provide supplemental increases for one year only (April 1 , 1984 -
March 30, 1985 ) to eligible retirees and their beneficiaries in the
amount of $1 .25 per month for each full year of County service,
provided the Board of Supervisors makes Government Code 531681 . 8
applicable and authorizes these payments . On May 8, 1984, this
Board authorized an actuarial report pursuant to Government Code
531681 . 8 . Coates , Herfurth and England, Inc. , Actuaries and
Consultants , has reported and advised that with the transfer of
the $486, 794 from the Retirement Board, these payments would be
fully funded on a sound actuarial basis for the period of April 1 ,
1984 through March 30, 1985.
2 . Therefore, the Board hereby resolves that during the
period April 1 , 1984 through March 30 , 1985, Government Code
531681 .8 is operative in Contra Costa County. Pursuant thereto,
cost of living increases for the period April 1 , 1984 through
March 30, 1985, only, shall be paid in the amount of $1 .25 per
month per . year of county service to persons eligible therefore
solely out of the sums transferred by the Retirement Board for
this purpose.
3. Payments shall be made monthly in accordance with the
requirements of Government Code 531681 . 8.
4. By this action the Board does not intend to provide for
any additional cost of living payments from any other source of
funds , or for any period of time beyond March 30, 1985 .
I hereby certify that this is a true and correct copy of
an.action taken and entered on the minutes of the
Board of supery _1188 on the date shown.
ATTESTED: —,%`
J.R. OLSSON, C UNTY CLERK
and ex officio Clerk of the Board
Orig.-Dept.: By , Deputy
cc: Retirement Administrator
County Counsel
County Auditor
l County Administrator
RESOLUTION NO . 84/306
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