ORD 1820 - Laserfiche WebLink

10. 11. Section 20516 (Employees Sharing Cost of Additional Benef'~s): Section 20042 (One-Year Final Compensation). From and after September 20, 1986 the fire employees of Public Agency shall be assessed an additional 1.750% of their compensation for a total contribution rate of 10.750% pursuant to Government Code Section 20516. Section 21573 (Third Level of 1959 Survivor Beneffis) for local miscellaneous members only. Section 20903 (Two Years Additional Service Credit). Section 21574 (Fourth Level of 1959 Survivor Benefits) for local fire members only. Section 20434 ("Local Fire Fighter' shall include any officer or employee of a fire department employed to perform firefighting, fire prevention. fire training. hazardous materials, emergency medical services, or fire or arson investigation services as described in Government Code Section 20434). Section 20475 (Different Level of BanefUl. Section 20516 (Public Agency and its employees have agreed to share the cost of the following benefit: Section 20042 (One-Year Final Compensation). This shall not apply to those local fire members transferred from the City of Livermore nor to newly hired local fire employees entering membership after October 31, 1998. Section 21024 (Military Service Credit as Public Service), Statutes of 1976 for local miscellaneous members only. Public Agency, in accordance with Government Code Section 20790, ceased to be an "employer" for purposes of Section 20834 effective on April 11, 1981. Accumulated contributions of Public Agency shall be fixed and determined as provided in Government Code Section 20834, and accumulated contributions thereafter shall be held by the Board as provided in Government Code Section 20834. Public Agency shall contribute to said Retirement System the contributions determined by actuarial valuations of prior and future service liability with respect to local miscellaneous and local safety members of said Retirement System. Public Agency shall also contribute to said Retirement System as follows: Contributions required per covered member on account of the 1959 Survivor Benefits provided under Section 21573 of said Retirement Law. (Subject to annual 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.