2015/11/10 City Council Resolution 2015-176RESOLUTION NO. 2015 -176
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AUTHORIZING AND APPROVING THE ADOPTION OF THE
PUBLIC AGENCIES POST - EMPLOYMENT BENEFITS TRUST
ADMINISTERED BY PUBLIC AGENCY RETIREMENT SERVICES (PARS)
WHEREAS; PARS has made available the PARS Public Agencies Post - Employment
Benefits Trust (the "Program ") for the purpose of pre- funding pension obligations and /or Other
Post - Employment Benefits (OPEB) obligations; and
WHEREAS, it is determined to be in the best interest of the City to set aside funds for the
pre- funding of its Ca1PERS pension obligation to be held in trust for the exclusive purpose of
making future contributions of the City's required pension contributions and any employer
contributions in excess of such required contributions at the discretion of the City; and
WHEREAS, the City is eligible to participate in the Program, a tax - exempt trust
performing an essential govermnental function within the meaning of Section 115 of the Internal
Revenue Code (as amended) and the Regulations issued thereunder, and is a tax - exempt trust
under the relevant statutory provisions of the State of California; and
WHEREAS, the City's adoption and operation of the Program has no effect on any
current or former employee's entitlement to post - employment benefits; and
WHEREAS, the terms and conditions of post - employment benefit entitlement, if any, are
governed by contracts separate from and independent of the Program; and
WHEREAS, the City's funding of the Program does not, and is not intended to, create
any new vested right to any benefit nor strengthen any existing vested right of any former,
current, or future City employee; and
WHEREAS, the City reserves the right to make contributions, if any, to the Program.
NOW, THEREFORE, BE IT RESOLVED THAT:
The City Council hereby adopts the PARS Public Agencies Post - Employment
Benefits Trust, effective November 10, 2015; and
2. The City Council hereby appoints the City Manager or his /her designee as the City's
Plan Administrator for the Program; and
3. The City's Plan Administrator is hereby authorized to execute the PARS legal and
administrative documents on behalf of the City and to take whatever additional
actions are necessary to maintain the City's participation in the Program and to
maintain compliance of any relevant regulation issued or as may be issued; therefore,
authorizing designee to take whatever additional actions are required to administer the
City's Program.
DULY AND REGULARLY ADOPTED this 10`x' day of November, 2015.
CITY OF ROHNERT PARK--�_ __
Amy O Ahanotu, Mayor
ATTEST:
)o�
oAnne M. Buer ler, Cit Cl
g � Y
CALLINAN:T MACKENZIE: A'j � STAFFORD: A-I f BELFORTE: Aq' AHANOTU:
AYES: ( 5 ) NOES: ( () ) ABSENT: ( C) ) ABSTAIN: ((f) )
I, JoAnne M. Buergler, the City Clerk of the City of Rohnert Park, State of California, hereby
certifies that the above foregoing resolution was duly and regularly adopted by said City at a
regular meeting thereof held on the �O /5-',and passed by a 4,— C vote of said
Council.
I Jj r
(2)
2015 -17(