Laserfiche WebLink
AMEND~-~T TO CONTP~iCT B~=~I",o,i~ THE <br />BOARD OF ADMINISTRATION <br />pUBLIC ~'~LOY~ES' ltETI~"~tT SYSTEM <br />'AND TH~ <br /> <br /> OA'~f CO%~CIL oFTHE <br /> 0IT~ OF SANTA ANA <br /> <br /> The Board of Administration, Public F..mployees' Retirement System, hereinafter <br />referred to as Board mud the CIT-f COb~!CIL of the C1T~ OF S~:TA~NA, hereinafter <br />%~Terred to as Public Agency having entered into a contract under date of November <br /> , 1946, effective July l, 1947, and as~uended effective October l, 1951, <br /> i~bruary l, 1954, September l, 1956, July l, 1959, November l, 1960, September l, <br /> 63, April l, 1964, February l, 1965, January 16, 1969, November l, 1970, and <br /> ~ne 1, 197~, which provide for participation of.P~lic ~ency, hereby agree <br /> aS follOWS: <br /> <br /> A. The followinE sub.~mragraph shali be added to Paragraph 5 of said contract: <br /> ~o (d) ~ection 20930.3 (providing service credit up to four years for <br /> may continuous military or merchant marine service for persons. <br /> w~ are members because of employment by Public Agency). <br /> P~ragraph 5-5 shall be added to said contract: <br /> <br /> ~.~ Public Agency, in <br /> shall cease to be <br /> Public ~mployees' <br /> · Of this amendment to this contract. <br /> %hePublic Agency as of the date of such amendment sh~!l be fixed <br /> a~d determined as provided in Section 20759, Gover~nent Code, and <br /> ~uch accumulated contributions and contributions here~ter made <br /> ~b,%l be held by the Board as provided in Section 20759, Govern- <br /> ment Code. <br /> Ce Paragraph 6 (a) s~l~ be stricken from said contract a~d the following <br /> .'. paragraph shall be substituted therefor: <br /> 6. Public Agency shall contribute to said Retirement System as follows: <br /> a.' With respect to miscellaneous members, the Public Agency shall <br /> · contribute the following percentages of monthly salaries earned <br /> aS miscellaneouS members of said System: <br /> <br /> (1) 0.078 percent until June 30, 1980 on account of the liability <br /> for prior service benefits. <br /> <br /> (2) 9.050 percent on account of the iiability for current service <br /> Benefits. <br /> <br /> (~) 0.218 percent on account of the benefitsprovidedunder the <br /> 1959 Survivor program. <br /> <br />accordance with Section 20740, Government Code, <br />an "employer:: for purposes of Ci~pter 6 of the <br />Retirement Law effective as of the effective date <br /> Accumulated contributions of <br /> <br />Ret. For~ 702-1 <br /> <br /> <br />