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<br /> <br />COFiTES tiP?D ::ERFiIRTH <br />COIdSULTII?G ACTiJAI:IES <br />660 N:ARIrE`P S'PR~sET -SAN FRANCISCO 4, <br />CAI,IFOR~IIA <br />April 24, 1945 <br />';'ioard of Administration <br />State Employees' Retirer;.ent System <br />Sacramento, California <br />Gentlemen; <br /> <br />~, <br />,' <br />In accordance witt; the provisions of the Str~i;e ^,mplo,yees' retirement F_ct and <br />the contract entered into >vith the CITY OF Sta.N1^A ANA <br />~~Naine of Su division} ~~~ ~~_M <br />hereinafter refF~rred to as subdivision, ander date of October 2? ly 44, <br />we have ealculs.ted the approximate contribution which avould be required uy tie <br />parti eipation of Subdivision in the State I;mi:loyees' ~tetiremer,.t System. reference <br />is made to tre State F~rnployees' Retirement Act, f'or the benefits provided for rne;r,,.- <br />bars of the Retirement System, and foi° contributions required of members of the <br />system. The follovring statement of the results of our calculations, includine; a <br />statement of the approximate contribution, is based on data about emplo~~~ees oi' <br />subdivision, e~rhose memberships in the Retirement System are contemplated, furnished. <br />by subdivision througl-i the Board of Administration; <br />1 2 3 ~~ <br />City City ){.employees <br />Firemen Policemen Other than 9'otals <br />City Firemen of Cols <br />and City l,2 & 3 <br />Policemen <br />iv:ISCEI,i,ANEOUS Dt~TA <br />1. ~Qini.3num ~?ge of Voluntary Acc. to <br />Service Fetirement 60 60 ~~et. Act <br />2. i+lumber of employees ( 1-1- 45j 50 48 154 252 <br />3. annual Salaries (as being <br />paid 1-145) X112,229.40 X113,?94.20 ~~332,4??. 40 w558,501.00 <br />F 119-1 11-44 400 <br />