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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-