ORD 1662 - Laserfiche WebLink

PERS CONT SERU DIU TEL:916-326-3005 Sep 26'95 6:56 No.O01P.08 PLEASE DO NOT SIGN "EXHIBIT ONLY' 6. The pete of 5,-~I comlznsation to be provid~I for ear2x ye~tr of credit~cl prior and currein service as a local safety member shail be determined in accordance with Section 21252.01 of said Retir~2enz Law (2% at a~e 50 Full). 7. Public Agency elects! and elects to be subject to the following optional provisions: a. Setzion 21382 (Basic Level of 1959 Survivor Benefits) pursuant to Article 6 (oouatencing with Section 21380) for local safety. mereben. b. Section 20020 ('Local Police Officer' shall include employees of a police d~ who were employed to perform idc~i~cation or communication duties on AuSust 4, 1972 and who elc:~st w be local safely members on or before Scpr, cznbcr 28, 1973). c. ,~=ion 20S62.8 (Crcctk for UrmsccI Sick Leave). d. Section 20024.2 COne-Year Final Compemadon). e. Section 20500 (Public Agency and t!~ local fire members have agrmi to share the cost of the following benefit): Setion 20024.2 (0 ue-Ynr Final Comt~ns~on). From and after Septtanber 20, 1986 the local fife mereben of Public Ageary shall be assessed an ,aaitional 1.750% of their comgemation - for a total contribution raze of 10.750% pursuant to Government Cod~ Section 20500. f. Section 21382.2 (Increased L~vcl of 1959 Survivor Benefits) puxsuasn to Article 6 (co,~,meucing with SecTion 21380) for local miscellaneous members. g. Seaion 20818 (Two'Years Additional Service Credit). 8- Public Agency., in accordance with Gove:ument Code Section 20040, ceased w be an "employer" for purposes of Section 20759 effective on April 11, 1981. Accumulat~! coutribuzious of Publi~ Ageracy .~.! be fixed and determined as pwvided in Gov~mzn~sx Code S~xion 20719, and ~ coum'bu~ons thetrailer shall be In~ld by ',.he Board as pwvided in Gov~,.-..~nz Code Section 20759. 9. Public Agency shall contribute to said l~iremmx 5)-st~n the conuibutions dec'mined by actuazial valuations of prior and future service liability with respect to local miscellaneous memlxTs and local saf=ty mm2be, n of said Retirement System. 10. Public Agency shall also contribute to said Rexirement System as follows: a. A reasonable arehum, as fixed by rile Board, payable in one ins~llrn,,--r within 60 days of da:e of coz=aa to cover r.he costs of adminisr~rin~ said System as it affects the employees of Public Agency, not including th~ costs of ~ valuations or of the l:~iodic investigation and valuations r~.quired by hw. b. A reasonable amount. as fi,ud by the Board, payable in one imtalhnent as ti~ occasion, ari.~, to cover the costs of special valuations on ar~ounr of employees of Public Agency, and costs of the periodic investigation and valuations required byhw.