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`, •,, y, • <br />3~~ ~~ <br />DESCRIFTION OF PROVISIONS TO BE INCLUDED IN AMENDMENT VALUATIONS <br />Item <br />Miscellaneous Members; <br />Prior Service on Final Comp. <br />Current Service - Fixed Formula <br />Safety Members: <br />Basic Benefit <br />Column A Column B <br />Modified Benefits ~ <br />Column C Column D <br />1/70 ~ 65 1/60 @ 60 1/70 @ 65 <br />1/70 ~ 65 1/6o G 60 1/140 - 1/70 @ 65 <br />Normal and Minimum Retirement Age ~ 55 i 55 ~ -- <br />Final Compensation Unlimited and 3 ,yr. Avg. 3 yr. Avg. <br />Death Benefit After Retirement 400 400 <br />Minimum Allowance~~ 40 X100 <br />Other Provisions: <br />1/60 @ 60 <br />1/go - 1/60 @ 60 <br />3 yr• Avg. ~ 3 yr. Avg. <br />(No change from <br />Present Contract) <br />(29) Member contribute for qualifying service (first 6 months) <br />(30) Firemen Only - Normal and Minimum Age 50 <br />(31) Safety Nlerribers: 2 Continuance upon Death after Retirement <br />(32) Dependent Benefit upon Death of Active Member qualified to retix•e <br />(33) School Districts Only - A11 amendments automatically apply <br />~ Other Information on Modification of Benefits: <br />Are Modified Benefits to be on a "Divided System" basis? <br />Have procedures been started to "Divide System" and is valuation to be made of the <br />"divided" members? <br />When is the "division date?" <br />Will decision on modification of benefits be made after receipt of the report on this <br />amendment valuation? <br />The modified formula will apply to services rendered after what date? <br />Is OASDI coverage to be retroactive? If so, to what date? <br />and are employee and employer retroactive OASDI contributions to be deducted from SERS ~ <br />accounts? <br />Is the portion of "final compensation" to which the modified formula applies to change <br />automatically with the maximum OASDI covered wage? <br />If not, what is the portion? <br />Ret. Form 1075 x/58 1800 <br />