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.:... ~ ~ • <br />STATE OF CALIFORNIA-BOARD OF ADMINISTRATION <br />EDMUND G. BROWN, Governor <br />STATE EMPLOYEES' <br />1227 O STREET, P. O. BOX 1953 <br />SACRAMENTO 9, CALIFORNIA <br />STANLEY B. FOWLER, President <br />OTTO PALOMBO, Vice President <br />DR. LESTER BRESLOW <br />PATRICK R. BYRNE <br />HALE CHAMPION <br />DONALD GALLAGHER <br />A. W. "JOE" HISLOP <br />RICHARD A. LIEBES <br />LUCY E. RITTER <br />D. GORDON TYNDALL <br />JOSEPH L. WYATT, JR. <br />Mr. James M. Rez <br />Director of Personnel <br />City of Santa Ana <br />City Hall <br />Santa Ana, California <br />Dear Mr. Rez: <br />August 8, 1963 <br />s <br />In reviewing the final documents for the amendment to include Section 2080l~.5 <br />(pre-membership service credit), we discovered that we fai d._~_.raug-. <br />paragraph 8 (e)_providing ~o-r -the--payment of $5.00 per member covered under <br />the 159 survivor program from the contract. We must apologize for this <br />oversight. <br />Since the city has been paying for the survivor benefit as a percentage of <br />member payroll (0.229/) since July 1, 1963, we have prepared documents which <br />..,_.. <br />_~ _m....-_ ~.,,,_~,..,.._... ._._ _ .-_____ . <br />w~Ii T~c'onI'orm the contrac~ o h,~,_con ri u ion whic~i~ is actually regu~red, and <br />•--~~ .. .,_ r_ , _ . ,._ _._... .. . _ <br />b~'ng" repo~r e '~~athis time. .The 0.229 which the city is now paying for <br />1959 survivor benefits is included in the 6.922/ of member payroll being <br />remitted by the city as its total currant service. This is the new 6.772% <br />rate transmitted April 18, 1963 with the 1962 quadrennial report plus 0.150 <br />on account of the addition of Section 2080l~.5. Please have two copies of <br />the documents executed and returned to this system as soon as possible. <br />Very truly yours, <br /> <br />THOMAS F. CROCKER <br />ASSISTANT ACTUARY <br />TFC:mc <br />encls. <br />RETIREMENT SYSTEM <br />_`-_- <br />~ECE~Vtr <br />O <br />~ ~ <br />~.1(; 1963 <br /> <br />Reply to Sec. 23 <br />PERSCNNE( OFF~rF <br />c,T <br />