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93-008
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93-008
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Last modified
1/3/2012 12:31:10 PM
Creation date
6/26/2003 10:46:59 AM
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Template:
City Clerk
Doc Type
Resolution
Doc #
93-8
Date
1/19/1993
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In addition to thc classes of employees exclude4:t from membership by said Rc. tlremenl <br />kew, the following classes of employees shall not become members of said Retiremenl <br />System: <br /> NO ADDITIONAL EXCLUSIONS <br /> <br />The percentage of final compensation to be provid~l for each year of cre,4ited prior and <br />currem service as a local miscellaneous member shall be determined in accordance with <br />Section 21251.13 t~f said Retirement Law (2% at age 60 Full). <br /> <br />Tile percemage of final compensation tn be provided for each year of credited prior and <br />currcm scrvtcc as a local safety member shall be dclcrmincd in accordance with Section <br />21252.01 of said Retirement Law (2% at age ,50 Full). <br /> <br />Pt~blic Agency elected to be subject to the fulk)wing optional provislons: <br /> <br />Seclions 21380-21387 (1959 Survivor Benefits) excluding Sex:finn 21382.2 <br />(Increases 1959 Survivor Benefits) and Section 21382.4 el'bird Level of 1959 <br />Survivor Benefits). <br /> <br />Sections 21263, 21263.1 and 21263.3 (Post-Retirement Survivor Allowance). <br /> <br />Section 20930.3 (Mililary Service Credit as Public Scrvlce), Statutes of 1974, <br />filr those local miscelluneXms member,s and local safety members entering <br />n~em/)ership prior to October 1, 1981. <br /> <br />Sectton 20461.6 (Dlfferem Level of Benefits). Section 20930.3 (Military Servlee <br />Credit as Public Service), Statutes of 1974, is not applicable to local <br />miscellan~ms membor~ and local t;afety members entering membership on or <br />a~er October 1, 1981. <br /> <br />e. Section 20024.2 (One-Year Final Compensation). <br /> <br />f. Section 20818 (Two-Years Additional Service Credit). <br /> <br />Public Agency, in accordance with Government Code Section 20740, ceased tO be an <br />"eml)loyer" for purposes of Section 20759 effective on December 16, 1976. <br />Accumulated contributions of Public Ageucy shall be fixed and dcmrmh~ed aa provided <br />in Government C{~de Section 20759, and accumulated clmtributklns thereafter shall be <br />held by the Board as provided in Oovermnent Code Section 20759. <br /> <br />Public Agency shall contribute lo ~ald Retirement System the contributions determined <br />by actuarial valuations of prior and fulurc service llabilily wilh respect to local <br />miscellan~ms lneulbcrs and local ,~ufcty members of said Retiremenl System. <br /> <br /> <br />
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