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M ~~' ti <br />BOARD OF ADMINISTRATION <br />THOS. E. $TANTON, PR E5I DE VT <br />H. H. BEN EDICT <br />JOHN R. CORNWELL. <br />DONALD C-ALLAGHER <br />FORD A. CHATTERS <br />JAMES DEAN <br />WALTER C. KENNEDY <br />JOSEPH H. $TEPHENS <br /> <br />,h <br />STATE OF CALIFORNIA <br />• <br />`~~~S~P ~xtt~.~tl~?~.E~' ~P~tzP17t.Pxt~ ~~S~P~t <br />702 STATE OFFICE BUILDING MO. 7 <br />Erma Keel®r, City Clerk <br />TENTH AND L STREETS <br />City Ball SACRAMENTO 14 <br />Santa. Axv~, California. <br />Gentlemen: <br />P~Iarch 11, 191.6 <br />EARL W. CHAPMAN <br />E%EC UTIVE SECRETARY <br />RALPH R. NELSON <br />ACTUARY <br />You have requested that the Board of Administration furnish a quotation of <br />the approximate, as distinguished from the definite contribution to the State <br />Employees' Retirement System which would be required of the <br />City oP Santa nne. City of Sang. Ana <br />of , <br />"Town," "City," "County," or "School District" (Name of Public Agency <br />because of its participation in the State Employees Retirement System. You asked <br />that, before making arrangements for the investigation and valuation required in <br />the determination of the gpprorimate contribution, you be furnished with an approxi- <br />mate cost of the irork. An approximate statement of the cost follows, subject to <br />the understanding that charges for the wor'_. will be based on the number of employees <br />and that the ultimate amount may vary slightly either above or below the amount here <br />quoted if the number of employees in any classification varies from the number <br />given 'oelo~r: <br /> TTormal I~~Iinimum Age for Volun- Estimated <br />Classification Tdumber tart' Service Retirement Cost <br />1. Local Firemen, as defined <br />in the State Employees ~ <br />Retirement Law. ~`~ 5j Years $ <br />2. Local Policemen, as defined <br />in the State ~nployees' <br />Retirement La~•r. 50 55 Years <br />j. Employees otizer than local <br />Firemen and local Policemen. 191 ti0 y~,~.s $ 5~6.2~ <br />It is understood th~~t assumptions as to prior service benefits shall be in <br />accordance with your request. <br />Upon notice from you on the enclosed form, that after receiving; the fore- <br />going estimates of cost, you have decided that the investigation and valuation <br />shall be made, the Board of Administration will furnish a contract to be executed <br />by you and the consulting actuary chosen by the Board, and also forms upon which <br />the data about your employees, necessary for the investigation and valuation, krill <br />be listed. <br />Xours truly, <br />BOARD OF ADidIrdISTRATI01`t <br />STATE " S' RET T SYST~~T <br />BY <br />Fllla 10-x+5 100 <br />