My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
11A - PERS ORDINANCE
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2007
>
05/21/2007
>
11A - PERS ORDINANCE
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 4:39:40 PM
Creation date
5/16/2007 10:59:32 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Item #
11A
Date
5/21/2007
Destruction Year
2012
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
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
<br />" <br />" <br /> <br />i LEASE DO NOT SIGN "EXHIBiT C <br /> <br />e. <br /> <br />Section 21024 (Military Service Credit as Public Service). <br /> <br />f. <br /> <br />Section 20965 (Credit for Unused Sick Leave). <br /> <br />g. <br /> <br />Section 21574 (Fourth Level of 1959 Survivor Benefits). <br /> <br />8. 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 />9. 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 />a. Contributions required Rer 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 />b. 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 valuations or of the <br />periodic investigation and valuations required bylaw. <br /> <br />c. A reasonable amount, as fixed by the Board, payable in one <br />installment as the occasions arise, to cover the costs of special <br />valuations on account of employees of Public Agency, and costs of <br />the periodic investigation and valuations required by law. <br /> <br />11. Contributions required of Public Agency and its employees shall be <br />subject to adjustment by Board on account of amendments to the Public <br />Employees' Retirement Law, and on account of the experience under the <br />Retirement System as determined by the periodic investigation and <br />valuation required by said Retirement Law. <br /> <br />11A-5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.