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EASE DO NOT SIGN "EXHIBIT ONLY" <br /> The portion of the employer's contribution that the member agrees <br /> to contribute from his or-her compensation, over and above the <br /> member's normal contribution ("Cost Sharing Percentage"), shall not <br /> exceed the Employer Normal Cost Rate, as that rate is defined in the <br /> CaIPERS Actuarial Valuation for the relevant fiscal year. If the Cost <br /> Sharing Percentage will exceed the relevant Employer Normal Cost <br /> Rate, the Cost Sharing Percentage shall automatically be reduced to <br /> an amount equal to, and not to exceed, the Employer Normal Cost <br /> Rate for the relevant fiscal year. <br /> 14. Public Agency, in accordance with Government Code Section 20790, <br /> ceased to be an "employer"for purposes of Section 20834 effective on April <br /> 11, 1981. Accumulated contributions of Public Agency shall be fixed and <br /> determined as provided in Government Code Section 20834, and <br /> accumulated contributions thereafter shall be held by the Board as provided <br /> in Government Code Section 20834. <br /> 15. 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 /> 16. 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 liabilities <br /> of Public Agency and its employees shall be pooled in a single <br /> account, based on term insurance rates, for survivors of all local <br /> 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 liabilities <br /> of Public Agency and its employees shall be pooled in a single <br /> account, based on term insurance rates, for survivors of all local fire <br /> members. <br /> c. A reasonable amount, as fixed by the Board, payable in one <br /> installment within 60 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 />