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55A - 2 YR ADD SERVICE ELIGIBLE MEMBERS
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12/04/2006
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55A - 2 YR ADD SERVICE ELIGIBLE MEMBERS
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Last modified
1/3/2012 4:42:57 PM
Creation date
11/29/2006 12:35:48 PM
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City Clerk
Doc Type
Agenda Packet
Item #
55A
Date
12/4/2006
Destruction Year
2011
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<br />Resolution Authorizing Two Years Service Credit <br />December 4, 2006 <br />Page 2 <br /> <br />FISCAL IMPACT <br /> <br />The average cost as calculated by using the California Public Employees <br />Retirement System actuarial formula is approximately $65,630 per applicant. <br />CalPERS will amortize the cost for this retirement credit over an <br />amortization period of thirty years. <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br /> <br />'\~~\.~.u \\. t. <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services <br /> <br />55A-2 <br />
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