HomeMy WebLinkAboutResolution - 3896STATE OF CALIFORNIA ) RESOLUTION NO. 3896
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUCIL OF THE CITY OF SAN JACINTO,
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 OPEB obligations; and
WHEREAS, the City of San Jacinto (“City”) is eligible to participate in the Program,
a tax-exempt trust performing an essential governmental function within the meaning of
Section 115 of the Internal Revenue Code, as amended, and the Regulations issued there
under, 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; and
WHEREAS, the City reserves the right to make contributions, if any, to the
Program.
NOW, THEREFORE, BE IT RESOLVED, ordered, and determined by the City of
San Jacinto:
SECTION 1. Recitals. The Recitals preceding this Resolution are true and
correct, are hereby incorporated into this Resolution, and shall
constitute findings of the City.
SECTION 2. Adoption. The City Council hereby adopts the PARS Public
Agencies Post-Employment Benefits Trust, effective December 7,
2021.
SECTION 3. Appointment. The City Council hereby appoints the City Manager,
or his successor or designee as the City’s Plan Administrator for the
Program.
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SECTION 4. Certification. The Deputy City Clerk of the City of San Jacinto shall
certify to the adoption of this Resolution.
SECTION 5. Necessary Actions. 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 them to take whatever additional
actions are required to administer the City’s Program.
MOVED, PASSED, AND ADOPTED on the 7th day of December 2021, by the following
vote:
AYES: Ayala, Ledezma, Hawkins, Heath, Ruiz
NAYES: None
ABSENT: None
ABSTAIN: None
THE CITY OF SAN JACINTO
_______________________________
Crystal Ruiz, Mayor
ATTEST:
_______________________________
Julia Espinoza, Deputy City Clerk
APPROVED AS TO FORM:
BEST, BEST & KRIEGER, LLP.
_______________________________
Michael J. Maurer
City Attorney
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STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) §
CITY OF SAN JACINTO)
CERTIFICATION
I, Julia Espinoza, Deputy City Clerk of the City of San Jacinto do hereby certify that
the foregoing Resolution No. 3896 duly adopted by the City Council of the City of San
Jacinto at a regular meeting thereof, held on the 7th day of December, 2021, by the
following vote of Council:
AYES: Ayala, Ledezma, Hawkins, Heath, Ruiz
NAYS: None
ABSENT: None
ABSTAIN: None
WITNESS MY HAND AND OFFICIAL SEAL the 7th day of December, 2021.
___________________________________
Julia Espinoza, Deputy City Clerk
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