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85-064
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85-064
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Last modified
1/3/2012 12:32:47 PM
Creation date
6/26/2003 10:46:55 AM
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Template:
City Clerk
Doc Type
Resolution
Doc #
85-64
Date
5/20/1985
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credited prior and ourrent service ~s ·loea/ ~ell~n~us <br />~all be de~ermin~ in aocord~ee ~th ~lon 21251.13 of <br />Rettr~ent ~ (2~ Bt use 60 Full). <br /> <br />The frsc.tion of final compensation to be provided for each year of <br />credited prior and current service for those local safety members <br />hired on or after October 1, 1981 ~hall be determined in accordance <br />ir/th Section 21252.6 of Mid Retirement l~w (2~ at age 55 Full). <br /> <br />The fraction of final compensation to be provided for each year of <br />credited prior end current service for those local safety members <br />hired prior to October 1, 1981 shallbe determined in accordance with <br />Section 21252.O1 of said Retirement Law (2~ at age 50 Full). <br /> <br />The following additional provisions of the Public Employees' Retire- <br />meet Law, which apply only upon election of a contracting agency, <br />shall apply to the Public Agency and its employees: <br /> <br />Sections 21360-21387 (1959 Survivors Program) excluding Section <br />21382.2 (Increased 1959 Survivors benefits). <br /> <br />b. Sections 21263/21263.1 (Post~retirement survivor allowance). <br /> <br />Section 20930.3 (Hllltsry service credit) as defined in Chapter <br />I~37, Statutes of 1976, for those local miscellaneous and those <br />local ~afety members hired prior to October 1, 1981. <br /> <br />Section 20q61.6 (Reduction of benefits), applied to Section <br />20930.3, Statutes of 197~ (Hilttary'service credit) for local <br />miscellaneous and local safety members hired on or after <br />October 1, 1981, and applicable to Section 21252.01 (From 2[ @ <br />50 Full formula ~o 2[ @ 55 Full formula) for those local safety <br />~embers hired on or after October 1, 1981. <br /> <br />Section 20024°2 (One-year final cempensatinn), for local fire <br />and local mlscellaneotm members only. <br /> <br />Public Agency, in accordance ~/th Section 20?#0, Government Code, <br />ceased to be an "employer" for purposes of Chapter 6 of the Public <br />Employees' Retirement Law effective on December 16, 1975. Accumulated <br />contributions of Public Agency as of the aforeBentloned date shall be <br />fixed and determined as provided in Section 20759, Government Code, <br />and accumulated contributions as of the aforementioned date and con- <br />tributions thereafter made shall be held by the Board as provided in <br />Section 20759, Government Code. <br /> <br /> <br />
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