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15
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2016
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041916
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15
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11/30/2016 1:50:35 PM
Creation date
4/13/2016 1:30:06 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/19/2016
DESTRUCT DATE
15Y
DOCUMENT NO
15
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PLEASE DO NOT SIGN "EXHIBIT ONLY" <br />5. 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 />NO ADDITIONAL EXCLUSIONS <br />6. This contract shall be a continuation of the contract of the fire function of <br />the contract portion of the City of Livermore, hereinafter referred to as <br />"Former Agency ". The accumulated contributions, assets and liability for <br />prior and current service under the Former Agency's contract shall be <br />merged pursuant to Section 20508 of the Government Code. Such <br />merger occurred October 31, 1998. <br />7. The percentage of final compensation to be provided for each year of <br />credited prior and current service as a classic local miscellaneous member <br />in employment before and not on or after December 7, 2002 shall be <br />determined in accordance with Section 21354 of said Retirement Law <br />(2% at age 55 Full). <br />8. The percentage of final compensation to be provided for each year of <br />credited prior and current service as a classic local miscellaneous member <br />in employment on or after December 7, 2002 shall be determined in <br />accordance with Section 21354.5 of said Retirement Law (2.7% at age 55 <br />Full). <br />9. The percentage of final compensation to be provided for each year of <br />credited prior and current service as a new local miscellaneous member <br />shall be determined in accordance with Section 7522.20 of said <br />Retirement Law (2% at age 62 Full). <br />10. The percentage of final compensation to be provided for each year of <br />credited prior and current service as a classic local police member <br />entering membership in the police classification on or prior to July 7, 2012 <br />and for those classic local fire members entering membership in the fire <br />classification on or prior to December 22, 2012 shall be determined in <br />accordance with Section 21362.2 of said Retirement Law (3% at age 50 <br />Full). <br />11. The percentage of final compensation to be provided for each year of <br />credited current service as a classic local police member entering <br />membership for the first time with this agency in the police classification <br />after July 7, 2012 and for those classic local fire members entering <br />membership for the first time with this agency in the fire classification after <br />December 22, 2012 shall be determined in accordance with Section <br />21363.1 of said Retirement Law (3% at age 55 Full). <br />
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