Laserfiche WebLink
.~ .. - ! • <br />Taos An~elee, California <br />~~ey aft 1°~ 5 <br />manta Ana City ^mplo,yee,~' As~ocietic~n <br />C/Q Otto ~. Jacobs <br />3an~~An~, C~i forniSa ilk ink <br />~sentl amen <br />~e Frro~aoged contr.~et with State plogses Retire- <br />`~t'nt ~Y~teffi; <br />This is gust ~ brief note, the princi al <br />which is to het before you aBrtsin ~ p Purpose of <br />deoide~d nc~t later than '~hursda i f~~+etion.~ which shou~.d bs <br />'ph~anec~. tc; .,e here ~'s Passible, •~nc the answers <br />we arp to ~ in Los ~tnr~eles (MI-~~13, Station-~1C32} if <br />-th. met under w~,y at t+~Q council meeting; of Monday, June <br />2 .have today talked with 2~r. Chapma.n of the State <br />System ~t cramenta end have; arr~n~ed to ah4rt-cut the time <br />little bit in that he is mailing <br />anc~. contrs.ct in or~:~.Ar that 7 m v m" their form of resolution <br />ti on ref A,. have res.d ,, for the considera- <br />.Your City ~ouneil the find dr~~f°: of th~-se inetrurnents <br />far vouz° rneetin~? or:' ~`ond€~y. <br />In artier to do this, it will be necessary that I <br />he.v'e answers to the foI'~.o~rin~; <br />ta} Percentage aP prior service to be Rllowed,(it <br />is my undereta.ndin=~F that it wa,s to be 10a} ~ <br />(b} How nsn,y years are €~oin~ to be taken to <br />lieuidate the rrior service liability? (It ca.n be <br />either 20, ?~, or ~Q, a the Council, determines, <br />a.nd there are, of cour;~e, different amounts due e€~ch <br />mar, dsPend~n~T upon the number of years taken.~ss item <br />~'~ of the actuarial re~~art. <br />te} Are we to Include all ~.remen, policemen and <br />all other emr~layeea? tIt way rev unclerstandin~ thAt we <br />are.} <br />f d} `~ffeetive date r.f ttze <br />ronvers~ti~, Participation. (In m,y <br />n this n~ornin~ Mr. Chapman su~~ested either <br />August 1st, 1~?1~5 ar Se~t€±r;ber ?., 19~~ ~. } Bear in r~_tnd <br />th~.t ~~r~ichever a.ate i ~~ chosen, it will ae necessary to <br />make the necessaryy pay .ra11 deducts on s far the c~ntri- <br />butions to be acid by th~± e~;Ployees, on the pay roll <br />