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Last modified
10/21/2013 11:34:52 AM
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5/15/2008 4:19:20 PM
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<br /> <br />ELECTIO' BALLOT <br /> <br />e <br /> <br />For Use By <br /> <br />~mployees other than City firemen and City Policemen <br /> <br />TO DETERMINE THEIR APPROV AL OR DISAPPROVAL <br />OF THE PROPOSAL OF <br /> <br />__mm_mm___nmnmm____mmmnmnnm_m_Q_!~_I__g_~_~_~_~!__mmn________nmm_nnmm <br /> <br />(Legislative Body) <br /> <br />OF THE <br /> <br />__n__________mnm___nnmnmmnnmnnnnmnmnnQ_:!:~_In_~_~m_~_~~~_~m~_~m___m_________mn_m_m___n__mm___ <br /> <br />(Name of Subdivision) <br /> <br />TO ENTER INTO A CONTRACT WITH THE BOARD OF ADMIN- <br />ISTRA TION OF THE STATE EMPLOYEES' RETIREMENT <br />SYSTEM TO INCLUDE SAID EMPLOYEES IN <br />SAID RETIREMENT SYSTEM <br /> <br />Shall the above designated employees of the sub- <br /> <br />Vote by making a cross (X) in the space to <br />the right of the word indicating your desire. <br /> <br />division named above, be included in the State <br />Employees' Retirement System? <br /> <br />YES <br /> <br />NO <br /> <br />SUMMARY OF MAJOR PROVISIONS OF THE <br />PROPOSED RETIREMENT SYSTEM <br /> <br />1. The System is administered by a board of eight members, composed of three members of the <br />System, an official of a bank, an official of a life insurance company, the Director of Finance, a member <br />of the State Personnel Board, and an official of the University of California. <br />2. Retirement for service is optional upon attainment of an age which shall be not less than 55 <br />or more than 60, as provided in said contract, by city firemen and city policemen, and age 60 by other <br />employees, and completion of twenty years of service for the municipal corporation, and is compulsory <br />at age 65 for city firemen and city policemen, and at age 70 for other employees. <br />3. The monthly retirement, allowance payable upon retirement for service is dependent upon <br />such factors as age, sex, salary and years of service. For city firemen and city policemen, retiring at <br />the optional age in paragraph 2, or at a higher age with 20 years of service, the monthly allowance <br />[OVER] <br />
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