My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
74-017
Clerk
>
Resolutions
>
CITY COUNCIL
>
1952 - 1999
>
1974
>
74-017
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 12:34:54 PM
Creation date
6/26/2003 10:46:47 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Doc #
74-17
Date
2/4/1974
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
8
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
The following additional provisions of the Public Employees' Retirement <br />Law which apply only upon election of a contracting agency shall apply <br />to the Public Agency and its employees: <br /> <br />The fraction of final compensation to be provided for each year of <br />credited prior and current service as a local safety member shall <br />be that provided in Section 21252.01 of the Retirement Law. <br /> <br />Section 21380-7 (providing for allowances for survivors of mem- <br />bers covered under the program upon death before retirement). <br /> <br />Section 21263 (providing upon death of a miscellaneous or local <br />safety member who retired for service or disability for the con- <br />tinuation of one-half the retirement allowance to certain survivorS). <br /> <br />6. Public Agency shall contribute to said Retirement System as follows: <br /> <br />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) 1.53 percent until June 30~ 1980 on account of the liability <br /> for prior service benefits. <br /> <br />(2) 9.81 percent on account of the liability for current service <br /> benefits. <br /> <br />($) 0.69 percent on account of t~e liability for the 1959 Survivors <br /> program. <br /> <br />With respect to local safety members, the public agency shall con- <br />~ribute the following percentages of monthly salaries earned as <br />local safety members of said System: <br /> <br />(1) 2.158 percent until JUne 30, 1979 on account of the liability <br /> for prior service benefits. <br /> <br />(2) 21.382 percent on account of the liability for current service <br /> benefits. <br /> <br />(~) 0.089 percent on account of the liability for the 1959 Surviv~rs <br /> program. <br /> <br />es <br /> <br />A reasonable amount per ann~a, as fixed by Board to cover the costs <br />of a~mtuistering sa~d System as it affects the employees of Public <br />Agency, not including the costs of special valuations or the period- <br />ical investigation and valuation required by law. <br /> <br />A reasonable amount as fixed by the Board, payable in one install- <br />ment as the occasions arise, to cover costs of special valuations <br />on account of employees of Public Agency, and costs of the period- <br />ical investigation and valuation required by law. <br /> <br /> Ret. Form 702-2 <br /> <br />..~ <br /> <br /> ~..: <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.