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NS-2514
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Last modified
1/3/2012 1:01:49 PM
Creation date
6/26/2003 10:08:09 AM
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City Clerk
Doc Type
Ordinance
Doc #
NS-2514
Date
10/7/2002
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Section 20475 (Different Level of Benefits Provided for New <br />Employees). Section 21024 (Military Service Credit as Public <br />Service), Statutes of 1974, is not applicalbe to local miscellaneous <br />members and local safety members entering membership after <br />October 1, 1981, <br /> <br />d. Section 20042 (One-Year Final Compensation). <br /> <br />Section 20903 (Two Years Additional Service Credit). <br /> <br />Section 21548 (Pre-Retirement Optional Settlement 2 Death <br />Benefit). <br /> <br />g. Section 21024 (Military Service Credit as Public Service), Statutes <br /> of 1976. <br /> <br />h. Section 20965 (Credit for Unused Sick Leave) for local <br /> miscellaneous members only. <br /> <br />i. Section 21574 (Fourth Level of t959 Survivor Benefits), <br /> <br />Public Agency, in accordance with Government Code Section 20790, <br />ceased to be an "employer" for pu[poses of Section 20834 effective on <br />December 16, 1976. Accumulated contributions of Public Agency shall be <br />fixed and determined as provided in Government Code Section 20834, <br />and accumulated contributions thereafter shall be held by the Board as <br />provided in Government Code Section 20834. <br /> <br />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 /> <br />10. Public Agency shall also contribute to said Retirement System as follows: <br /> <br />· a. <br /> <br />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 <br />liabilities of Public Agency and its employees shati be pooled in a <br />single account, based on term insurance rates, for survivors of all <br />local miscellaneous members and local safety members. <br /> <br />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 /> <br />Ordinance No. NS-2514 <br /> Page 5 of 6 <br /> <br /> <br />
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