CC Resolution No. 811 1370
RESOLUTION 811
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
EXPRESSING ITS OPPOSITION TO PASSAGE OF THE PUBLIC
EMPLOYEE PENSION PLAN REPORTING AND ACCOUNTABILITY ACT
OF 1982 .
WHEREAS, certain proposed legislation providing for
federal regulation of pension and retirement plans establish-
ed by states, cities and other state political subdivision
for their officers and employees has been introduced in the
U. S . Congress ; and
WHEREAS, this legislation does not fulfill its initial
purpose , that of guaranteeing or insuring that beneifts
promised by state and local public pension plans would be
paid; and
WHEREAS, the passage of Public Employee Pension Plan Re-
porting and Accountability Act of 1982 legislation would add
a plethora of new regulations , requirements and paperwork
mandates imposed on the states by the Federal government ;
and
WHEREAS, this legislation would increase the costs ,
burdens and complexity of pension administration for state
and local government ; and
WHEREAS , the bills would subject the boards of trustees
managing state and local pension plans of pension plans to
the possibility of suit in federal court ; NOW THEREFORE ,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BAYTOWN, TEXAS :
Section 1 : That the City Council of the City of Baytown ,
hereby opposes the passage of the Public Employee Pension
Plan Reporting and Accountability Act of 1982 .
Section 2 : This Resolution shall take effect immediately
from and after its passage by the City Council of the City
of Baytown.
1371
INTRODUCED, READ and PASSED by the affirmative vote of
the City Council of the City of Baytown on this the 22nd
day of July 1982 .
EMMETT 0. HU TO, Mayor
ATTEST :
L ,
il"EAN �P teCity Clerk
APPROVED:
ANDALL B. STRONG-,' City A orney
-2-