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<br />COATES AND HER~'URTIi <br />COPiSULTING ACTUARIES <br />660 PLARKET STREET -~ SAr1 .FRANCISCO 4 <br />CALIFORNIA <br />August 21, 1946 <br />Board of Administration <br />State Employees' Retirement System <br />Sacramento, California <br />Gentlemen: <br />In accordance ~,rith the provisions of the State Employees' Retirement Law <br />and the contract entered into urith the CITY OF SANTA ANA <br />(Name of Public Agency) <br />hereinafter referred to as lygency, under date of April 1 19~_, <br />we have calculated thF approximate contribution which urould be required by the <br />participation of .Agency in the State Employees' Retirement System. Reference <br />is made to the State Employees' Retirement Lair, for the benefits provided for <br />members of the Retirement 5y stem, and for contributions required of members of <br />the system. The following statement of the results of our calculations, in- <br />cluding a statement of the approximate. contribution, is based on data about <br />employees of Agency, whose memberships in the Retirement System a,re contemplated, <br />furnished by Agency through the Board of Administration: <br />1 2 <br />Local Local <br />Firemen Policemen <br />NI SCELLAi1E0US DATA. <br />1. Minimum Normal Age of <br />Voluntary Service Retirement 55 55 <br />2. Number of employees (1-1-4?; <br />3. Annual Salaries (as being <br />paidl-l- ~ <br />* Cross out one <br />44 <br />3 4 <br />Employees <br />other than <br />Local Firemen Totals of <br />and local Columns <br />Rolicemen 1,2, & 3 <br />60 (1~60)* <br />45 l96 <br />285 <br />X106,500.00 $109,800.00 X428,598.60 $644,898.60 <br />F119a.-1 11-45 400 <br />