RES 15744 - Laserfiche WebLink

• DO NOT SIGN "EXHIBIT ONLY" 5. In addition to the classes of ampioyees excluded from membership by said Rethanrent Law,the following classes of employees shall not become madam of said Retirement System NO ADDITIONAL EXCLUSIONS 8. This contract shed be a continuation of the contract of the fire function of the contract portion of the City of Liva n ors, hereinafter referred to as °Fomrer Agency°. The accumulated contributions, assets and liability for prior and current service under the Fortner Agency's contract shhaf be merged pumuent to Section 20508 of the Government Code. Such merger occurred October 31, 1998. 7. The percentage of final compensation to be provided for each year of credited prior end current service as a local miscellaneous member in employment before and not on or after December 7, 2002 shall be deter fined In accordance with Seaton 21354 of said Retirement Law (2%at age 55 Full). 8 credited and current service ea a local niscelkuteous member In employment on or after December 7, 2002 shall be determined In a accordance with Section 21354.5 of said Retirement Law(2.7%at age 55 9. The percentage of final compensation to be provided for each year of credited prior and current service as a local pe toe member entering membership In the police classification on or prior to July 7, 2012 and for those local the members entering membership In the fire classification on or odor to December 22, 2012 shall be detennbad in accordance with Section 213822 of said Retirement Law(3%at age 50 Fug. 10. The percentage of final compensafton to be provided for each year of credited current service as e local police member entering membership for the first time in the police classification after July 7. 2012 and for those local fire members entering membership for the first time lo the lire classification after December 22, 2012 sha8 be determined In accordance with Set tan 21383.1 of said Retirement Law(3%at age 55 Full). 11. Public elected and elects to be subject to the following optional ps a. Section 21571 (Basic Level of 1959 SurvIvor Benefits) for local police members only.