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ll. <br /> <br />Contributions required of local firemen and local policemen, without <br />credit for prior service, depend upon salary and upon age of entry into <br />the Retirement System, the contributions per $1OO of salary varying <br />from $7.63 at entry age 21, to $14.35 at entry age 35. Contributions <br />of firemen and policemen having credit for prior service depend on <br />salary, entry age, and amo~mt of prior service, the amount of contribu- <br />tions per $100 being $16.33 for example, at entry age 54, with 19 years <br />of prior service. <br /> <br />12. <br /> <br />13. <br /> <br />For other Agency employees, the contributions depend upon salary, sex <br />m%d age of entry into the Retirement System, the contributions per $100 <br />of salary varying from $4.62 at age 20, to $7.99 at age 64, for men, <br />and from $5.36 at age 20, to $9.45 at age 64, for %'~omen, all based on <br />the Public Agency's election of age 60 as the lowest optional service <br />retirement age. If the Public Agency elects age 55 as the lowest op- <br />tional service retirement age, the contributions per $100 of salary <br />vary from $7.36 at age 20, to $10.88 at age 59, for men, and from <br />$8.35 at age 20, to $12.81 at age 59, for women. <br /> <br />The Agency is required to contribute the balance of funds necessary to <br />meet the cost of the benefits provided under the Retirement System for <br />the Agency employees. The Agency also is required to pay its propor- <br />tionate share of the administrative costs of the System. <br /> <br />14. <br /> <br />Ability of the Retirement System to pay benefits is safeguarded by a <br />provision authorizing the Board of Administration to revise contribu- <br />tions of both employees and the Agency, in the light of experience <br />under the System. <br /> <br />BE IT RESOLVED, that the <br /> <br />Santa Aha <br /> <br /> of <br />City Council <br />(Nam~ of Governing Body) <br />, give, and it hereby gives notice of inten- <br /> <br /> (Name of Public Agency) <br />tion to approve an amendment to the contract between said Cit~ Council <br /> (Name of Governing Body) <br />and the Board of Administration of the State Employees' Retirement System, providing <br />for the participation of said Santa Aha in said Retire- <br /> (Name of Public Agency) <br />ment System, a copy of said amendment being attached hereto, marked "Exhibit A", and <br />by reference made a part hereof. <br /> <br /> Cit~ Council of <br />(Name of Governing Body) ~ <br /> <br /> August 6th .., 19__~1. <br />(Date Adopted and Approved) <br /> <br /> Santa Ana <br />(Name of Public Agency) <br /> <br />M~r ~ (Title) <br /> <br />F122d - 3 (Guar. % & Comp.) <br /> <br /> <br />