RES 15744 - Laserfiche WebLink

"LEASE DO NOT SIGN 'EXHIBIT ONLY' Seen 21383.1 (3%®55 Fun formula)and Section 20037(Three- Year Final Compensation) are applicable to local fire members entering membership for the fist tirne in the fire classification after December 22,2012. lc. Section 21024(AAlnary Service Credit as Pubic Service). L Seer 21548 (Pre-Rattrament Option 2W Death Benefit)for local We members only. m. Section 20518 Sharing Additional Cos* From and after the effective date of this amendment to contract, .5%for dusk local fire members. 12. Public Agency, in accordance with Government Cade Section 20790, osaeed to be an 'employer• for purposes of Section 20834 effective on April 11, 1981. Accumulated cadrlbudom of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and aaauradatod contributions thereafter shall be held by the Board as provided in Government Code Section 20834. It Public Agency shal contribute to said Retirement System the contributions deteedned by actuarial valuations of prior and Mute service liability with respect to local miscellaneous members and local safety members of said Retirement Syskarn. 14. Public Agency shad also contribute to said Retirement System as Totowa: a. Contributions nA Benefits required per covered member on account of the 1959 Law. (Subject to under Section 21573 of said Retirement change.) In addition, all assets and liabilities of Public Agency and Its employees shall be pooled In a single account, based on term Insurance rates, for survivors of all local miscellaneous members. b. Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21574 of said Retirement Law. (Subject to annual change.) in addition, all assets and liabilities of Public Agency and is employees shall be pooled in a single account, based on than insurance rates, for survivors of all local fire members. c. A reasonable amount, as brad by the Board, payable in one administering> 80��date of to cover the costa of Agency, not including the costs of special valuations or of the employees of Public periodic investigation and valuations required by law.