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23
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2015
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100615
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23
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9/29/2015 3:52:26 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/6/2015
DESTRUCT DATE
15Y
DOCUMENT NO
23
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PLEASE DO NOT SIGN "EXHIBIT ONLY" <br /> I. Section 21548 (Pre-Retirement Option 2W Death Benefit) for local <br /> fire members only. <br /> m. Section 20518 (Employees Sharing Additional Cost): <br /> From and after July 4, 2015 and until the effective date of this <br /> amendment to contract, .5%for classic local fire members. <br /> From and after the effective date of this amendment to contract, 1% <br /> for classic local safety members. <br /> 12. Public Agency, in accordance with Government Code Section 20790, <br /> ceased to be an "employers for purposes of Section 20834 effective on <br /> April 11, 1981. Accumulated contributions of Public Agency shall be fixed <br /> and determined as provided in Government Code Section 20834, and <br /> accumulated contributions thereafter shall be held by the Board as <br /> provided in Government Code Section 20834. <br /> 13. Public Agency shall contribute to said Retirement System the contributions <br /> determined by actuarial valuations of prior and future service liability with <br /> respect to local miscellaneous members and local safety members of said <br /> Retirement System. <br /> 14. Public Agency shall also contribute to said Retirement System as follows: <br /> a. Contributions required per covered member on account of the 1959 <br /> Survivor Benefits provided under Section 21573 of said Retirement <br /> Law. (Subject to annual change.) In addition, all assets and <br /> liabilities of Public Agency and its employees shall be pooled in a <br /> single account, based on term insurance rates, for survivors of all <br /> local miscellaneous members. <br /> b. Contributions required per covered member on account of the 1959 <br /> Survivor Benefits provided under Section 21574 of said Retirement <br /> Law. (Subject to annual change.) In addition, all assets and <br /> liabilities of Public Agency and its employees shall be pooled in a <br /> single account, based on tern insurance rates, for survivors of all <br /> local fire members. <br /> c. A reasonable amount, as fixed by the Board, payable in one <br /> installment within 80 days of date of contract to cover the costs of <br /> administering said System as it affects the employees of Public <br /> Agency, not including the costs of special valuations or of the <br /> periodic investigation and valuations required by law. <br /> d. A reasonable amount, as fixed by the Board, payable in one <br /> installment 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 />
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