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Resolution Authorizing Two Years Service Credit <br />December 4, 2006 <br />Page 2 <br />FISCAL IMPACT <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 />APPROVED AS TO FUNDS AND ACCOUNTS: <br />ique Alv Francisco Gutierrez <br />Executi e Dir c or Executive Director <br />Person Se v'ces Finance & Management Services <br />55A-2 <br />