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Agmt_1960_November 1_Amendment and Corresp
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Agmt_1960_November 1_Amendment and Corresp
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J \ <br />49 All words and terms used herein which are defined in the <br />State baployeesi Retirement Law shall have the meaning <br />as defined therein unless otherwise specifically provided. <br />"Normal retirement age" shall mean age 60 for miscellaneous <br />members and age 55 for local firemen, and local policemen. <br />5. 1/60 shall be the fraction of final compensation to be pro- <br />vided for each year of credited current service as a miscel- <br />laneous member upon retirement at normal retirement age. <br />6. Benefits on account of each year of prior service shall be <br />100 percent of the fraction of final compensation provided <br />under the Law and this contract for each year of current <br />service upon retirement for service. <br />7. The following provisions of the State Employees' Retirement <br />Law which apply only upon election of a contracting agency <br />shall apply to the Public Agency and its employees: <br />a. Section 21251.1 (providing for a guaranteed percentage <br />of final compensation for each year of current and prior <br />service as a miscellaneous member). <br />be Section 21252.4 (providing for a guaranteed percentage <br />of final compensation for each year of currant and prior <br />service as a local safety member). <br />c. Section 20024oO1 (defining "final compensation" on the <br />basis of a period of three consecutive years). <br />d. Section 2125$.1 (providing a minimum retirement allow.* <br />arse of $1200.00 per year). <br />e. Section 21367.51 (Providing a X40040 death benefit upon <br />death after retirement). <br />f. Section 20025 (providing for inclusion of compensation <br />without limit in computations in which compensation is <br />a factor). <br />g. Section 20952.5 (providing for age 50 as the minimum <br />voluntary retirement age for local firemen, local <br />Policemen or county Poace officers). <br />h. Sections 21251.4 and 21258.2 (providing for increases <br />in allowances payable for time commencing on September <br />1, 1956 to persons retired on and prior to September <br />1, 1956). <br />i. Section 21251.3 (Providing for the recalculation of allow. <br />ancesr to persons retired prior to October 1, 1951 for time <br />Ret. Form 702-2 <br />
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