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Letter_1945_April 24_SERS
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Letter_1945_April 24_SERS
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Last modified
10/21/2013 11:34:44 AM
Creation date
9/25/2008 3:46:24 PM
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City Clerk
Date
4/24/1945
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<br />~ ~ <br />30. Item ?7 gives the totes' annual contributions at thcl bF~ginriing of <br />the Subdivision's participation in the retirement System. It will <br />change in accordance ~Nitri the statements made under items ?3 and <br />?~ immediately precedin~~. <br />31. Changes in the number of emloyees and ar_nual salaries «s s.`iown <br />in items %' a.nd 3, will change directly: the emounts given in items <br />?1~ to 27, both inclusive. The percentaes sho~m in these items, <br />however, may be aprlie~ to the changed annual salaries, Trvith accu- <br />racy s~xfficient for the purposes of the ??etirement System, to <br />determine revised annual contributions, except that, after partici- <br />pat10T1 of the subdivision in the Retirement System is effective, <br />only the contributions in items ?~1 and ?5 swill by a~'flected by <br />changes in annual salaries.. <br />Yours truly, <br />COL~Tf15 L~I~~J HE1~FU'~:TIi <br /> <br />
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