Resolution No. 01-19 CITY OF TIGARD,OREGON
RESOLUTION NO.01- lam-/
A RESOLUTION DECLARING TIGARD'S INTENT TO JOIN THE OREGON PUBLIC EMPLOYEES'
RETIREMENT SYSTEM LOCAL GOVERNMENT RATE POOL
WHEREAS,the City of Tigard Police personnel are covered by the Oregon Public Employees' Retirement
System(PERS),and
WHEREAS, Oregon PERS has tracked individual employer accounts separately from all other local
government employer accounts,and
WHEREAS,Local government employer rates have been subject to wide biennial fluctuations due,in part,
to the difficulty in predicting retirement and disability rates for small pools of employees,and
WHEREAS,the Board of Trustees of PERS has adopted Oregon Administrative Rule 459-009-0070,which
allows formation of a Local Government Rate pool,and
WHEREAS,the Local Government rate Pool is intended to moderate large fluctuations in the employer's
PERS rate by creating a single pool for a large number of local government employers and employees,and
WHEREAS,the City Council has determined that it would be prudent for the City of Tigard to join the
PERS Local Government Rate Pool to protect against future large fluctuations in its employer rate
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1:The City of Tigard,Oregon PERS employer number#2295,elects to join the Oregon PERS
Local Government Rate Pool.
PASSED: This cD-l�day oflA !i 2001.
-Mffer-City o Tigard
ATTEST: Council President
1
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City Recorder-City of Tigard
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RESOLUTION NO.01- 141
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