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RESOLUTION NO. 2007-36 <br />RESOLUTION OF INTENTION TO APPROVE AN <br />AMMENDMENT TO CONTRACT BETWEEN THE BOARD <br />OF ADMINISTRATION CALIFORNIA PUBLIC <br />EMPLOYEES' RETIREMENT SYSTEM AND THE BOARD <br />OF DIRECTORS SOUTHERN CALIFORNIA PUBLIC <br />POWER AUTHORITY <br />WHEREAS, the Public Employees' Retirement Law permits the <br />participation of public agencies and their employees in the Public Employees' <br />Retirement System by the execution of a contract, and sets forth the procedure by <br />which said public agencies may elect to subject themselves and their employees to <br />amendments to said law; and <br />WHEREAS, one of the steps in the procedures to amend this contract is <br />the adoption by the governing body of the public agency of a resolution giving notice pf <br />its intention to approve an amendment to said contract, which resolution shall contain a <br />summary of the change proposed in said contract; and <br />WHEREAS, the following is a statement of the proposed change: "To <br />provide Section 21354.4 (2.5% @ 55 Full Formula) for local miscellaneous members." <br />NOW, THEREFORE, BE IT RESOLVED that the governing body of the <br />above agency does hereby give notice of intention to approve an amendment to the <br />contract between said public agency and the Board of Administration of the Public <br />Employees' Retirement System, a copy of said amendment being attached hereto, as <br />an "Exhibit" and by this reference made a part hereof. <br />THE FOREGOING RESOLUTION is approved and adopted by the <br />Authority this 19th day of July, 2007. <br />r <br />PRESIDE <br />Southern California Public <br />Power Authority <br />ATTEST: <br />&a&z /a 4153� <br />Asst. SECRETA° <br />Southern California Public <br />Power Authority <br />