Legislation Details

File #: ID-2024-314    Version: 1 Name: PARS Amendment and Termination
Type: MESA Resolution Status: Action Item
File created: 8/13/2024 In control: Management of Emeryville Services Authority
On agenda: 9/3/2024 Final action: 9/3/2024
Title: Resolution Of The Board Of Directors Of The Management Of Emeryville Services Authority Authorizing The Amendment And Termination Of The MESA PARS Alternative Retirement System. (John Kennedy / Lilybell Nakamura)
Sponsors: City Clerk's Office, Sheri Hartz
Attachments: 1. Staff Report, 2. Draft Resolution, 3. Exhibit A - MESA PARS-ARS Plan, 4. APPROVED Resolution No. MA06-24

Title

Resolution Of The Board Of Directors Of The Management Of Emeryville Services Authority Authorizing The Amendment And Termination Of The MESA PARS Alternative Retirement System.  (John Kennedy / Lilybell Nakamura)

Recommendation

Staff recommends that the Management of Emeryville Services Authority (MESA) Board of Directors terminate the Public Agency Retirement System (PARS) Alternative Retirement System (Plan) and authorize a Plan amendment necessary to facilitate the distribution of the Plan’s assets following its termination.