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94-066
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Last modified
1/3/2012 12:31:07 PM
Creation date
6/26/2003 10:46:59 AM
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City Clerk
Doc Type
Resolution
Doc #
94-66
Date
10/21/1994
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EXHIBIT "A" <br /> <br />10. <br /> <br />In addition to the classes of employees excluded from membership by said Retirement <br />Law, the following classes of employees shall not become members of said Retiremem <br />System: <br /> NO ADDITIONAL EXCLUSIONS <br /> <br />The percentage of final compensation to be provided for each year of credited prior and <br />current service as a local miscellaneous member shall be determined in accordance with <br />Section 21251.13 of said Retirement Law (2% at age 60 Full). <br /> <br />The percentage of final compensation to be provided for each year of credited prior and <br />current service as a local safety member shall be determined in accordance with Section <br />21252.01 of said Retirement Law (2% at age 50 Full). <br /> <br />Public Agency elected and elects to be subject to the following optional provisions: <br /> <br />a Sections 21263 and 21263.1 (Post-Retirement Survivor Allowance). <br /> <br />Section 20930.3 (Military Service Credit as Public Service), Statutes of 1974, <br />for those local miscellaneous members and local safety members entering <br />membership prior to October 1, 1981. <br /> <br />Section 20461.6 (Different Level of Benefits). Section 20930.3 (Military Service <br />Credit as Public Service), Statutes of 1974, is not applicable to local <br />miscellaneous members and local safety members entering membership on or <br />after October 1, 1981. <br /> <br />d. Section 20024.2 (One-Year Final Compensation). <br /> <br />e. Section 20818 (Two-Years Additional Service Credit). <br /> <br />Section 21382.4 (Third Level of 1959 Survivor Benefits), pursuant to Article 6, <br />(commencing with Section 21380). <br /> <br />Public Agency, in accordance with Government Code Section 20740, ceased to be an <br />"employer" for purposes of Section 20759 effective on December 16, 1976. <br />Accumulated contributions of Public Agency shall be fixed and determined as provided <br />in Government Code Section 20759, and accumulated contributions thereafter shall be <br />held by the Board as provided in Government Code Section 20759. <br /> <br />Public Agency shall contribute to said Retirement System the contributions determined <br />by actuarial valuations of prior and future service liability with respect to local <br />miscellaneous members and local safety members of said Retirement System. <br /> <br />Public Agency shall also contribute to said Retirement System as follows: <br /> <br />Public Agency shall contribute $2.00 per member, per month on account of the <br />liability for the 1959 Survivor Benefits provided under Section 21382.4 of said <br />Retirement Law. (Subject to annual change.) In addition, all assets and <br />liabilities of Public Agency and its employees shall be pooled in a single account, <br />based on term insurance rates, for survivors of all local miscellaneous members <br />and local safety members. <br /> <br /> <br />
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