Agmt_1956_August 6_Amendment - Laserfiche WebLink

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r ~' Ai~BE~TT TO CONTACT BETWE~:N THE Bf?A:RI3 OF AIJ~+I31~1ISTRATa~d aTATL EMFZOYE~S' RETIRE~+IENT SYST~I ~1iD THI:, CITY' COUNCIL O~ THE Carr o~ SANTA ARIA The Board of .Ada~inistrationi State ~nplayses' Retirement System, and the CtTi' COUNCIL of the CITY C~' SANTA ANA, ls$reinafter referred to as ~"encys ~' entered into a contract under date of November 25s ].9l~Ei, eff®ctiva Jn]~y 1, 191t7~ which provides for the participation of said Agency in said r'3etirement v~stem, and said Contrast being based on th+e Retirement Law eaccluaive of andz~ents thereto &Th3.ch changed benefits and ages of retirements said Beard of Administration, and said City Council hereby agreE as followsa 1. Paragraph $ shsla, be axbd is hereby stricken from said Contrast. 2. The following paragraphs shall be and are hereby added to said Contrast. $. Thee provisionm of Section 21258.1 of the Staffs T~agloy~aes ~ Retir~nent Lax guaranteeing a minimum ret3.rernent alloxance under certain can- ditions SHAD APPLY to persons who are meanberrs because of employment by Public Agency. 15. The provisions of Section 20952.5 of the State .~ployess~ ~tetirement Law which parovide age 50 ac the minims voluntaxy retirement ags for Lxal Firemen and Local Policemen SHALL APPLY to e~tp].~oyees of :'Ublic Agency who becc members of the Retireanent System as Local Firemen or Local, Policemen. 16. The previsions of Section 21251.1 and 21258.2 of the State ~plciyees' Retirement Law SHALL APPLY to persons whca are retired on the effective date of this amendment and why were members of the Retirement System because of emp'~.oyment by Public Agency* 'The increases 9.n the Retire- ment allowaa7ces providaed in said sections shall, bs pafd for time beginning with the effective date of this amendment. 3. Paragraph 12a of said contrast s' be amended to read ~90~201.~.5 per annu~a,, ar more ,T'rec~uent installm~as as Board shall require, fc-r the period of years stated in said contract,, less the tizae elapsed from the date of ,participation to the effective date of this amendment. fit. Th+e percent sts-te in paragraph Z2b shall he amended to read b.550. 5. This amendment shall, be attached to said Contract and aha3kl be effective as o.fS~temb8r lst._~,95E'i . t~=~.tness our hand this 6th BOA~?D OF AI)~31:NI;~TRATIOI!I STATE EMPLOYEES ~~~~~NT SY Pres~d~e~ n~~' ~ `~ ~. day cif Attgl~ect 1956.: Attest = ~- ' scut ve Officer CaTY Ca~NNCaL CT' THE CITY' (.~F SANTA ANA Attest: /~~ r ~'` erk of the Council,