Resolution No. 01-72 CITY OF TIGARD,OREGON
RESOLUTION NO.01- Q-
A RESOLUTION DECLARING TIGARD'S INTENT TO JOIN THE OREGON PUBLIC EMPLOYEES'
RETIREMENT SYSTEM STATE&LOCAL GOVERNMENT RATE POOL
WHEREAS, the City of Tigard sworn Police personnel are covered by the Oregon Public Employees'
Retirement System(PERS),and
WHEREAS, Oregon PERS has tracked individual and local employer accounts separately from state
government accounts,and
WHEREAS, Local government rates have been subject to fluctuations due, in part, to the difficulty in
predicting retirement and disabililty rates for small pools of employees,and
WHEREAS,PERS created a Local Government Pool on July 1,2001 to moderate large fluctuations in
local government employers'PERS rates,and
WHEREAS,the City of Tigard,by Resolution 401-19 opted to join the PERS Local Government Pool,and
WHEREAS, the 2001 Oregon Legislative Assembly adopted Senate Bill 134 allowing Oregon local
government PERS employers to join the existing State Government Pool,thereby creating a larger base of
employees which will tend to moderate rate fluctuations more than individual Local Government and State
Government Pools,and
WHEREAS,the Board of Trustees of PERS has adopted Oregon Administrative Rule 459-009-0070 which
allows formation of a State&Local Government Rate Pool,and
WHEREAS, the Local Government Pool will be abolished to establish the new PERS State & Local
Government Rate Pool,and
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WHEREAS,the City Council has determined that it would be prudent for the City of Tigard to join the
PERS State&Local Government bate Pool to protect against future large fluctuations in its employer rate.
RESOLUTION NO.O 1 7 a
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NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: The City of Tigard, Oregon FERS employer number 2295, elects to join the Oregon
PERS State&Local Government Rate Pool.
EFFECTIVE DATE: January 1,2002
PASSED: This_�day of 2001.
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ATTEST:
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City Recorder-City of Tigard
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RESOLUTION NO.013a
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