Agmt_1946_April 01_SERS - Laserfiche WebLink

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,mss M f " 2- Normal ilinimum Age for Voluntary Classification i~uiaber Service Retiremer:t 1. Local Firemen, as defined in Section 20021 of the State Employees' Retirement Act. ~' 55 fears 2. Local Policemen, as clefined in Section 20020 of the State Ernployeest Retirement Act. ~ 55 Years 3. Employees other than Local .: Firemen and Local Policemen. 1`.~1 ~ Years j. Should the parties of the second_ part encounter ir: the valuation ~?ny unustK~,l situation or should said parties of the second part be requested by the party of the first part to ma'~e ftuther va1L~a,tions of different combinations of benefits ~,nd contributions, which mi_~ht require an additional expenditure of time, said situation ,and request shall be brou~'_~t to the attention of the 3oard of Adrniristration, State Employees' Retirement System, for further considera- tion. It i_s understood that the time eh~erded in corn~ection with said_ unust~~,l sitt~~,tion and further valur.~,tion, is not included within the fee stated herein. ~. The party of the first part ~~~;rees to Purr:isn to the parties of the second part, through said Board of Administration, the data relative to its employees, x~ast and present, necessary for tree deter~ir_ation of said.appro~ imr~,te contribution. Both parties understand that said Board of Administration will ma'.~e available to the parties of the second part various tables and schec'_ttles of rates based or: the ex,~erience under said Retirement Sys Lem among members thereof, as determined in previous investigations and valuations. Both parties li'_~ewise understand that in accordance ~Jitiz said Retirement Act, the wort: to be performed by the parties of the second part shall be performed under the directio.z of the acttko,r;r of the Retirerent S~rstem, ~:nd that all. data 7.12 cor_nection ~~Jith Said ~JOr;i, 7_i"2cludiii~ worm sheets, fl.i7al results, a?ld reports from said parties of the second part, shall be tl.e property of the Board of administration z~.nd shall be delivered to said Board at the conclusion of said wor'~. 5. For the full performance and completion of said services, the parties of he ~ cond part sl,~,ll receive from the party of the first part, the sum of $ ~~~•~~ subject to ad,~ustment on account of variation in the number of erployees whose memberships are contemplated, and for zJhen data are submitted as provided ir. paragraph %~ hereof, from the number of such employees stated in paragraph 2, and subject to any adjustment made on account of 2~ny unusual situa- tion, or on account of further vahtio.tions of different combinations of benefits aild contributions requested by the party of the first part, as hereinbefore provided. T'_ne party of the first part agrees that the sum fixed in this para- graph as compensation for the services to be performed by the parties of tl:e seconc' part, shall cover only the calculations and conferences between the officers and employees of the Board of Administration and the parties of the second part, necessar~r in the determination of said approximate as distinuuished F 113.4-2 g-~+5 200