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<br />immediately preceding the effective date of par~icipation, for each
<br />year of service prior to that date. Upon retirement at age eo, if
<br />tt.e Agency elects 55 as the lowest optiuna1 service retirement age,
<br />tne traction is approximately 1/60th inatead of 1/70th.
<br />
<br />4. A minimum oervice retirement allowance of '40 per month is guaranteed
<br />upon retirement at age 10 with credit for service rendered prior to
<br />oaid effective date, if the Public Agency elects age 60 as the lowest
<br />optional service retirement age, or a ml~lmum allowance of $60 per
<br />month upon retirement at age 65 or over with twenty yeare of service,
<br />or upon retirement at age 70 with credit for prior service, if tne
<br />Puo1ic Agsncy elects age 55 as the lowest optional service retirement
<br />aile.
<br />
<br />Retirement for dioability, except in the ca,e of local firemen and
<br />local policemen dioab1ed from injury arising out of and in the course
<br />of employment, is permitted only after ten years of service and upon
<br />proof of incapacity for the performancs of duty.
<br />
<br />5.
<br />
<br />6. The monthly retiremsnt allowance payable upon disability retirement,
<br />deocribed in preceding item 5, is dependent upon such factors as age,
<br />sslary and years of service, but generally is equs1 to 90% of 1/10th,
<br />or 1/60th a. the c..e may be, of the average monthly salary during
<br />the five yearo immediately preceding retirement, for each year of ser-
<br />vice, with s guarantee of 25% of said salary, subject to certain re-
<br />strictions and modifications.
<br />
<br />7. Dieabi1ity retirement of local firemen and local policemen, in the
<br />event of disability arie~ng out of and in the course of employment,
<br />is permitted regard1eos of age and service, the monthly retirement
<br />allowance oeing one-half the average monthly salary during the five
<br />years immediately preceding retirement.
<br />
<br />S. The benefit psysb1e at death before retiremsnt, except in the csse of
<br />local firemen and local policemen dying from injury arising out of and
<br />in the course of employment, consi.ts of the contrioutions of the mem-
<br />ber plus interst, and plus 1/12th of the member's annual salary during
<br />the year immediately preceding death, for each year, not exceedir~
<br />six years, of service ao a member of the system. Upon death after
<br />retirement, and st the election of the Public Agency, a bensfit of
<br />$300 is payao1e.
<br />
<br />9. The monthly allowance payable to the widow and children, at the death
<br />of local firemen and local policemen arising out of and in the course
<br />of employment, is one-half the sverags monthly salary during the five
<br />years immediately preceding desth.
<br />
<br />"'"
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<br />10.
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<br />The benefit upon separation from service ~y other cauee tr~n aeath or
<br />retirement, 1s the ref~~d of the memoer's contributions, with interest.
<br />Memoers having accumulated contrioutlons of at least '500 upon reoig-
<br />nation or uischarge, may elect irrevocably, within ninety days, to
<br />leave contrloutions in the Retirement Fund, snd then upon reaching the
<br />lowest optional oervics retirement age or becoming disabled, to be en-
<br />titled to receive such retirement sllowance as will be provided by
<br />their and the Agency's contributions and their credited service, re-
<br />gsrd1ess of service rendered.
<br />
<br />11. Contributions required of local firemen and local policemen without
<br />credit for prior service, depend upon salary and upon age of entry
<br />into the retiremsnt eystem, the contributions per S100 of salary vary-
<br />ing from '7.63 at entry ags 21 to $14.35 at sntry age 35. Contri-
<br />butions of firemen and policemen having credit for prior service depend
<br />on salary, entry age, and a~ount of prior service, the aMount of con-
<br />tribution per '100 oeing $16.33 for example, at entry age 54, with 19
<br />years of prior servioe.
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<br />1?. For other Agency employees, the contributiono depend upon salary,
<br />sex and age of entry into the retirement system, the contrloutl~nB
<br />per $100 of salary verylng from $4.83 at age 20, to 87.45 at age 64,
<br />for men, and from 95.83 at age 20, tc 9S.50 at sge 64, for women, all
<br />based on the Public Agency's election of age 60 as the lowest optional
<br />service retirement age. If the Puo1ic Agency elects sge 55 as the
<br />lowest optional service retirement age the contributions per .100 ot
<br />salary vary from ".22 at age 20, to '10.26 at age 59, for men, and
<br />fr?m ~e.51 at age 20, to $11.01 at age 59, for women.
<br />
<br />13. The Agency i. re~uired to contribute tne oalance of the funds neces-
<br />eary to meet the cost of the oeneflts provided under toe retlrement
<br />syetem for the Agency emp10yeeo. Tne Agency also io require' to pay
<br />its proportlonate share of tne administrative coeto of the system.
<br />
<br />Aoi1ity of the Retirement System to pay oeneri,s is sateguarded by .
<br />provieion authorizlng the board ot Administration to revise contricu-
<br />t10ilS of oath employefs and the Agency, in the light of experience
<br />under tne SY8tem.
<br />
<br />14.
<br />
<br />of San ta Ana .
<br />(Name of Public Agency)
<br />approve a contract between said Citl-Counci1 and the Board of Admin-
<br />[Name of-Governing-SOayr-
<br />ietrstion of the State Employees' Retirement System, providing for the partie i-
<br />
<br />Ci ty Council
<br />(Name of Governing body 1
<br />give, and it ~oes hereby give
<br />
<br />__of JhU1U-..
<br />
<br />bE IT RESOLVE~, thet the
<br />
<br />notice of intention to
<br />
<br />pation of said Ci~Y of Ssnta ~na in ssid Retirement System, a copy of aaid
<br />(Name of Putlic ~encyl
<br />
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