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<br />BOA~ADM INISTRA nON <br />J' <br /> <br />. <br /> <br />e <br /> <br />EARL W. CHAPMAN <br /> <br />THOS. E. STANTON, PRESIDENT <br />H. H. BENEDICT <br />JOHN R. CORNWELL <br />DONALD GALLAGHER <br />JOHN J. HAMLYN <br />JOHN F. HASSL.ER <br />WALTER C. KENNEDY <br />JOSEPH H. STEPHENS <br /> <br /> <br />EXECUTIVE SECRETARY <br /> <br />RALPH R. NELSON <br />ACTUARY <br /> <br />STATE OF CALIFORNIA <br /> <br />~tate ~mplOllee$' ~etiremettt ~ll$tem <br /> <br />102 STATE OFFICE BUILDING No.1 <br /> <br />TENTH AND L STREETS <br /> <br />City Council <br />Ci ty Hall <br />Santa Ana. California <br /> <br />SACRAMENTO 14 <br />June 23. 1944 <br /> <br />Gentlemen: <br /> <br />You have requested that the Board of Administration furnish a quotation of <br />the approximate, as distinguished from the definit'i.ve contribution to the state <br />Employees' Retirement System which would be required of the <br /> <br />Ci t of Sant:a. AnA. , !ecause of <br />"Town," "City," "Cout ty, tt or "School District" (Name of Subdivision) '- <br /> <br />its participation in the State Employe6s' Retirement System. You asked that, before <br />making arrangements for the investigation and valuation required in the determina- <br />tion of thA approximate contribution, you be furnished with an approximate cost of <br />the work. An approximate statement of the cost follows, subject to the understand- <br />Lng thet eherges for the wOl'l~ will be bdsed. on the nu!n.ber of employees and. that tht'J <br />alti:;late a.mount may Tary slightly either above or below the amount here quoted if <br />the number of employees in any classification varies from the number given below: <br /> <br />Classifieation <br />1. (;i ty Fireluen, as defined <br />in the state Employees' <br />Retirement Act. <br /> <br />Minimum Age for Voluntary <br />Number Service Retirement <br /> <br />Estimated Cost <br /> <br />}9 <br /> <br />$ <br /> <br />2. City ~olicemen, as defined <br />in tbe State Employees' <br />Retirement Act. <br /> <br />50 <br /> <br />4, <br /> <br />3. Employees other than City <br />Firemen and City Policemen. <br /> <br />133 <br /> <br />As provided in the <br />Retirement Act <br /> <br />Total ~ 452.50 <br /> <br />It is understood that assumptions as to prior service benefits, shall be <br />in accordance with your request. <br /> <br />Uron notice from you on th~ enclosed form, that after receiving the fore-- <br />g,oinr, estimates of cost, you have decided that the investigation and valuation st~~l <br />be nade. the Board-cf ":,.i'.JI1inist-Pe:ti..on.Jd.ll_!'u-]'njAh _~can:t-r&ct to be-.,Q-xecu:tGd i..,;{ .~vi.l <br />and the consulting actuhry chosen by.the Boa,rd. and also forms upon which t'le r:nt3. <br />about ycur employees, necessary for the investigation and valuation, will b'3 lute':. <br /> <br />Yours truly, <br /> <br /> <br />100 <br /> <br /> <br />~3~[:: r.;!vr <br /> <br />12-39 <br /> <br />..... <br />