R21-71

RESOLUTION NO. R21-71      
 
A RESOLUTION OF THE COUNCIL OF THE CITY OF 
GLENDALE, 
MARICOPA 
COUNTY, 
ARIZONA, 
ESTABLISHING 
THE 
PUBLIC 
SAFETY 
PERSONNEL 
RETIREMENT SYSTEM PENSION FUNDING POLICY AND 
FORMALLY ACCEPTING THE EMPLOYER’S SHARE OF THE 
ASSETS AND LIABILITIES UNDER THE SYSTEM BASED ON 
THE SYSTEM’S ACTUARIAL VALUATION REPORT. 
 
WHEREAS, the Pension Funding Policy (the “Policy”) for the City of Glendale shall provide 
clarity on the Council’s pension funding objectives and comply with new Arizona statutory requirements 
contained in A.R.S. 38-863.01. 
 
 
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GLENDALE as follows: 
 
SECTION 1.  That to become compliant with new Arizona statutory requirements contained in 
A.R.S. 38-863.01, the City of Glendale adopts the Public Safety Personnel Retirement System Pension 
Funding Policy and accepts the employer’s share of the assets and liabilities under the system based on 
the system’s actuarial report.  
 
SECTION 2.  That the City Manager and City Clerk are authorized and directed to take such 
additional steps as are necessary to effectuate this policy on behalf of the City of Glendale.  
 
PASSED, ADOPTED AND APPROVED by the Mayor and Council of the City of Glendale, 
Maricopa County, Arizona, this 22nd day of June, 2021. 
 
 
 
                                                    
 
 
Mayor Jerry P. Weiers 
ATTEST: 
 
                                                              
Julie K. Bower, City Clerk             (SEAL) 
 
APPROVED AS TO FORM: 
 
                                                              
Michael D. Bailey, City Attorney 
 
REVIEWED BY: 
 
                                                              
Kevin R. Phelps, City Manager