Merced Municipal Code Art. IX Retirement

The City Council may join or arrange for reciprocity of membership in, or continue as a contracting agency in, any retirement or pension system existing or hereafter created under state or federal law to or in which municipalities and municipal officers or employees are eligible. Plenary authority and power are hereby vested in the City, its City Council, and its several officers, agents and employees to do and perform any act, or exercise any authority granted, permitted, or required under the provisions of the California Public Employees' Retirement Law, as it now exists or may hereafter be amended, to enable said City to continue as a contracting City participating in the California Public Employees' Retirement System. The City Council may terminate any such contract with the Board of Administration of the California Public Employees' Retirement System only under authority granted by Ordinance adopted by a majority vote of the electors of the City, voting on such proposition at an election at which such proposal is presented.

(Amended November 6, 2007).