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•M <br />- .- Y` ~ y <br /> <br />t <br />Ci.+,•r of. Santa Ana <br />_2_ <br /> <br />sho>>1~ be returned in a group to t,hi.s o^`fice. The 1'i rst phase of o~ir. tia<~rk <br />w-i 1.1. bP to comn~~te the member contributions -that will be req_uireci i_n e~ac}i <br />case if t,ht-~ me:~iher finally elects in favor of crediting the service ir~aicated. <br />An act.u.~rial valeration would the!: t>e conducted in order to estimate the <br />cost to the Ages°~.cy for. addir.~ this provision. Our act~:arial rer>ort it 11 be <br />accomnar~~ied by a list of the employees involved showin,,_r the additional serv- <br />ice crE~dit which Cher might receive, our computation of the n:eiber co }.r;:.b~.:- <br />ti on required, ar~d the increased monthly retirement benefit (for ale bs <br />reti_rement~ which wo~zld result. Once ,your agency~s cost is established <br />the !~it,y Crnzr~cil of the City of Sar.ta Ana eoul.d adopt the necessary co:rt:ract <br />amr~n~~nent. Our fee for the .valuation will be based entirely on the time <br />required of our staff' to make the necesaar;r computations. ~:e do zot expect <br />thr:~t: the fee w' 11 exceed •U5.00 per errrployee valued. <br />-~ <br />-_ <br />'-ie am enclosing actuarial contracts for this purpose (L`arm ia2l~-k S'~.~.5, . <br />These are to be completed and returned to us in triplicate. t~ foi.zrth cnpy- <br />is e~clored for yo~~r rile. Wher. the contract has been executed a~d approved <br />by o~ ~r rixec~ztive Officer, one cony will be returned .for your files. <br />~~ r'C : Ar <br />ends. <br />~H /~1 2,13/66 <br />ours tr~zly, <br />~~~~~ ~. Ct~,~ ~~ ~' <br />1-, ~_, <br />Triu~~r;S ~ . CROCK, <br />A>S~;~TA~S'P ACTU~"~~Y <br />~O <br /> <br />