My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2002-070 - Public Employee's Retirement System
Clerk
>
Resolutions
>
CITY COUNCIL
>
2000 - 2010
>
2002
>
2002-070 - Public Employee's Retirement System
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 12:29:27 PM
Creation date
6/26/2003 10:47:03 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Doc #
2002-070
Date
9/3/2002
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
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
Section 20475 (Different Level of Benefits Provided for New <br />Employees). Section 21024 (Military Service Credit as Public <br />Service), Statutes of 1974, is not applioalbe to local miscellaneous <br />members and local safetY members entering membership after <br />October 1, 1981. <br /> <br />d. Section 20042 (One-Year Final Compensation). <br /> <br />e. Section 20903 (TWo Years Additional Service Credit). <br /> <br />f. Section 21548 (Pre-Retirement Optional Settlement 2 Death <br /> Benefit). <br /> <br />g. Section 21024 (Military Service Credit as Public Service), Statutes <br /> of 1976. <br /> <br />h. Section 20965 (Credit for Unused Sick Leave) for local <br /> miscellaneous members only. <br /> <br />i. Section 21574 (Fourth Level of 1959 Survivor Benefits). <br /> <br />Public Agency, in accordance with Government Code Section 20790, <br />ceased to be an "employer" for purposes of Section 20834 effective on <br />December 16, 1976. Accumulated contributions of Public Agency shall be <br />fixed and determined as provided in Government Code Section 20834, <br />and accumulated contributions thereafter shall be held by the Board as <br />provided in Government Code Section 20834. <br /> <br />Public Agency shall contribute to said Retirement System the contributions <br />determined by actuarial valuations of prior and future service liability with <br />respect to local miscellaneous members and local safety members of said <br />Retirement System. <br /> <br />10. Public Agency shall also contribute to said Retirement System as follows: <br /> <br />Contributions required per covered member on account of the 1959 <br />Survivor Benefits provided under Section 21574 of said Retirement <br />Law. (Subject to annual change.) In addition, all assets and <br />liabilities of Public Agency and its employees shall be pooled in a <br />single account, based on term insurance rates, for survivors of all <br />local miscellaneous members and local safety members. <br /> <br />A reasonable amount, as .fixed by the Board, payable in one <br />installment within 60 days of date of contract to cover the costs of <br />administering said System as it affects the employees of Public <br />Agency, not including the costs of special valuatibns or.of the <br />periodic investigation and valuations required by law. <br /> <br />EXHIBIT. A Resolution No. 2002-070 <br />3 <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.