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LEASE DO NOT SIGN " XHIBIT ONLY' <br /> <br />8. Public Agency, in accordance with Government Code Section 20740, <br /> ceased to be an "employer" for purposes of Section 20759 effective on <br /> April 11,198!. Accumulated contributions of Public Agency shall be <br /> fixed and determined as provided in Government Code Section 20759, and <br /> accur~lated contributions thereafter shall be held by the Board as <br /> provided in Government Code Section 20759. <br /> <br />9. Public Agency shall contribute to said Retirement System as follows: <br /> <br /> a. With respect to local miscellaneous members, the agency shall <br /> contribute the following percentages of salaries earned as <br /> members of said Retirement System: <br /> <br /> (1) 5.619 percent until June 30, 2000 on account of the <br /> liability for current service benefits. (Subject to annual <br /> change.) <br /> <br /> b. With respect to local safety members, the agency shall contribute <br /> the following percentages of salaries earned as members of said <br /> Retirement System: <br /> <br /> (1) 0.029 percent until June 30, 2000 on account of the <br /> liability for prior service benefits. (Subject to annual <br /> change.) <br /> <br /> (2) 19.749 percent until June 30, 2C00 on account of the <br /> liability for current service benefits. (Subject to annual <br /> change.) <br /> <br /> c. A reasonable amount, as fixed by the Board, payable in one in- <br /> stallment within 60 days of date of contract to cover the costs <br /> of administering said System as it affects the employees of <br /> Public Agency, not including the costs of special valuations or <br /> of the periodic investigation and valuations required by law. <br /> <br /> d. A reasonable amount, as fixed by the Board, payable in one in- <br /> stallment as the occasions arise, to cover the costs of special <br /> valuations on account of employees of Public Agency, and costs of <br /> the periodic investigation and valuations required by law. <br /> <br /> 10. Contributions required of Public Agency and its employees shall be <br /> subject to adjustment by Board on a~count of amendments to the Fublic <br /> Employees' Retirement Law, and on account of the experience under the <br /> Retirement System as determined by the periodic investigation and <br /> valuation required by said Retirement Law. <br /> <br /> <br />