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LEASE-DO NOT 5 GN "EXHIBIT ONLI"' <br /> <br />5. The percentage of final compensation to be provided for each year of credited prior and <br /> current service as a local miscellaneous member shall be determined in accordance with <br /> Section 21251.13 of said Retirement Law (2 % at age 60 Full). <br /> <br />6. The percentage of final compensation to be provided for each year of credited prior and <br /> current service as a local safety member shall be determined in accordance with Section <br /> 21252.01 of said Retirement Law (2% at age 50 Full). <br /> <br />7. Public Agency elected to be subject to the following optional provisions: <br /> <br /> a. Sections 21380-21387 (1959 Survivor Benefits) excluding Section 21382.2 <br /> (Increased 1959 Survivor Benefits) and Section 21382.4 (Third Level of 1959 <br /> Survivor Benefits) for local safety members. <br /> <br /> b. Section 20020 ("Local Police Officer" shall include employees of a police <br /> department who were employed to perform identification or communication <br /> duties on August 4, 1972 and who elected to be local safety members on or <br /> before September 28, 1973). <br /> <br /> c. Section 20862.8 (Credit for Unused Sick Leave) for local miscellaneous members <br /> and local fire members only. <br /> <br /> d. Section 20024.2 (One-Year Final Compensation). <br /> <br /> e. Section 20500 (Public Agency and the local fire members have agreed to share <br /> the cost of the following benefit): <br /> <br /> Section 20024.2 (One-Year Final Compensation). <br /> <br /> From and after September 20, 1986 the local fire members of Public Agency <br /> shall be assessed an additional 1.750% of their compensation - for a total <br /> contribution rate of 10.750% pursuant to Government Code Section 20500. <br /> <br /> f. Sections 21380-21387 (1959 Survivor Benefits) including Section 21382.2 <br /> (Increased 1959 Survivor Benefits) for local miscellaneous members. <br /> <br /> g. Section 20818 (Two-Years Additional Service Credit). <br /> <br />8. Public Agency, in accordance with Government Code Section 20740, 'ceased to be an <br /> "employer" for purposes of Section 20759 effective on April 11, 1981. Accumulated <br /> contributions of Public Agency shall be fixed and determined as provided in Government <br /> Code Section 20759, and accumulated contributions thereafter shall be held by the Board <br /> as provided in Government Code Section 20759. <br /> <br />9. Public Agency shall contribute to said Retirement System the contributions determined <br /> by actuarial valuations of prior and future service liability with respect to local <br /> miscellaneous members and local safety members of said Retirement System. <br /> <br /> <br />