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PLEASE DO NOT SIGN "EXHIBIT ONLY" <br /> <br />Public Agency shall participate in the Public Employees' Retirement <br />System from and after September 1,. 1953 making its empioyees as <br />hereinafter provided, members of said System subject to all provisions of <br />the Public Employees' Retirement Law except such as apply only on <br />election of a contracting agency and are not provided for herein and to all <br />amendments to said Law hereafter enacted except those, which by <br />express provisions thereof, apply only on the election of a contracting <br />agency. <br /> <br />Employees of Public Agency in the following classes shall become <br />members of said Retirement System except such in each such class as <br />are excluded by law or this agreement: <br /> <br />a. Local Fire Fighters (herein referred to as local safety members); <br /> <br />b. Local Police Officers (herein referred to as local safety members); <br /> <br />Employees other than local safety members (herein referred to as <br />local miscellaneous members). <br /> <br />In addition to the classes of employees excluded from membership by <br />said Retirement Law, the following classes of employees shall not become <br />members of said Retirement System: <br /> <br />NO ADDITIONAL EXCLUSIONS <br /> <br />This contract shall be a continuation of the Fire function of the contract <br />portion of the City of Livermore, hereinafter referred to as "Former <br />Agency". The accumulated contributions, assets and liability for prior and <br />current service under the Former Agency's contract shall be merged <br />pursuant to Section 20508 of the Government Code. Such merger <br />occurred October 31, 1998. <br /> <br />The percentage of final compensation to be provided for each year of <br />credited prior and current service as a local miscellaneous member in <br />employment before and not on or after effective date of the amendment to <br />contract shall be determined in accordance with Section 21354 of said <br />Retirement Law (2% at age 55 Full). <br /> <br />The percentage of final compensation to be provided for each year of <br />credited prior and current service as a local miscellaneous member in <br />employment on or after effective date of the amendment to contract shall <br />be determined in accordance with Section 21354.5 of said Retirement Law <br />(2.7% at age 55 Full). <br /> <br /> <br />