RES 95110 - Laserfiche WebLink

PERS CDNT SERU DIU TEL:916-326-3005 Sep 26'95 6:56 No.O01 P.08 PLEASE DO NOT SiGN "EXHIBIT ONLY' 6. The perle of fin.~! colon to be provicl~l for each year of cr~ited prior and current service as a local safety member shall be determined in accordance with Section 21252.01 of said Retix'~nent Law (2% at age 50 Full). 7. Public Agency elected and elects to be subject to the following optional provisions: a.Section 21382 (Basic Level of 1959 Survivor Ben~ts) pumxant to Article 6 (co ...... encing with Section 21380) for local safety. members, b. Section 20020 ('Local Police Officer" shall include employees of a police department who were employed to perform identification or communication duties on AuZust 4, 1972 and who eleaed to be local safety members on or before September 28, c. Section 20862.8 (CratR for Unused Sick Leavc). d. Section 20(Y2,t.2 (One-Year Final Compensation). c. Section 20500 (Public Agency and the local fir~ meanbets have agreed to share the cost of the following benefit): Section 20024.2 (Onc-Ycar Final Compensation). From and after Scpmmbcr 20, 1986 the local fire members of Public Agency · hall be assessed an acldkional 1.750 ~ of their compensation - for a totat conm'bution t-am of 10.750~ putsnare to GoVCrTnncm Code Section 20500. f. Section 21382.2 (Increased I,cvcl of 1959 Survivor Benefits) putstram to Article 6 (co~ixuencing with Section 21380) for local miscellaneous mcxnbcrs. g. Section 20818 (Two'Years Additional Service Credit). 8. Public Agc~,, in accordatr, e with Goverm~em Code Section 20740, ceasca to bc an · employer* for purposes of Section 20759 effective on April 1I, 1981. Accumul~ contributions of Public Agency ~h~li be fixed and ctctcrmincd as provided in Government Code Section 20759, and accumulateci couiz[bu~ons the, realtor shall be ]acid by the Board as provided in Government Code Section 20759. 9. Public Agency shall coutribtuc to said Retireanent System the contributions ctcr~ by actuarial valuations of prior and future service liability with respect to local miscellaneous members and local safety members of said Retirement System. 10. Public Agency shall also contribute to said Rr. tirengnt System as follows: a. A reasonable amount, as fixed by thc Board, payable in one iz]sr~ailrn~-rtr within 60 days of date of contract to cover the costs of adzffi~'tc~'izng said System as it affects r. he L, mployes of Public Agency, not including the costs of special valuations or of the periodic investigation and valuations required by law. b. A reasonable amounL as fixed by the Board, payable in one instalhnent as the occasiom arisc, to cover rhc costs of special valuations on accoum of employms of Public Agency, and costs of the periodic investigation and valuations required by law.