748 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 748 REQUESTING TERMINATION OF THE SOCIAL SECURITY (OLD-AGE, SURVIVORS, DISABILITY AND HEALTH INSURANCE) AGREEMENT BE- TWEEN THE TOWN OF LOS ALTOS HILLS AND THE STATE OF CALI- FORNIA WHEREAS, the Town of Los Altos Hills , hereinafter referred to as "Public Agency" , and the State of California entered into an agreement on April 12, , 19 56 ; providing for the inclusion of the services of eligible employees of the Public Agency in the California State Social Security Agree- ment of March 9, 1951 , pursuant to the provisions of Section 218 of the Social Security Act; and WHEREAS, coverage of such services under the said agreement between the Public Agency and the State of California has been in effect for not less than five years from the effective date of coverage specified in said agreement, as required by law for termination of coverage; and WHEREAS, it is understood that if the said agreement between the Public Agency and the State of California, and the California State Social Security Agreement with respect to the Public Agency, are terminated, the Public Agency may not again enter into an agreement with the State to provide for inclusion of the services of its employees in the California State Social Security Agree- ment; NOW, THEREFORE, BE IT RESOLVED, that the City Council find and it hereby finds that it is.in the best interest of the Public Agency to terminate said agreement with respect to all coverage groups thereof; and BE IT FURTHER RESOLVED, that the Authorized Agent of the Public Agency be, and he is hereby authorized and directed to notify the Board of Adminis- tr ati on of the Public Employees ' Retirement System of termination of the agree- ment of April 12, , 19 56, between the Public Agency and the State of California, as required by law, effective March 31 , 1976 and