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11C - ORD AMEND PERS
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11C - ORD AMEND PERS
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Last modified
9/11/2012 3:07:38 PM
Creation date
9/11/2012 3:07:38 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Item #
11C
Date
8/18/2008
Destruction Year
2013
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<br />8. Public Agency elected and elects to be subject to the following optional <br />provisions: <br /> <br />a. Sections 21624 and 21626 (Post-Retirement Survivor Allowance). <br /> <br />b. Section 20042 (One-Year Final Compensation). <br /> <br />c. Section 20903 (Two Years Additional Service Credit). <br /> <br />d. Section 21548 (Pre-Retirement Option 2W Death Benetit). <br /> <br />e. Section 21024 (Military Service Credit as Public Service). <br /> <br />f. Section 20965 (Credit for Unused Sick Leave). <br /> <br />g. Section 21574 (Fourth Level of 1959 Survivor Benefits). <br /> <br />9. Public Agency, in accordance with Government Code Section 20790, <br />ceased to be an "employer" for purposes of Section 20834 effective on <br />December 16, 1976. Accumulated contributions of Public Agency shall be <br />tixed and determined as provided in Govemment Code Section 20834, <br />and accumulated contributions thereafter shall be held by the Board as <br />provided in Govemment Code Section 20834. <br /> <br />10. Public Agency shall contribute to said Retirement System the contributions <br />determined by actuarial valuations of prior and future service liability with <br />respect to local miscellaneous members and local safety members of said <br />Retirement System. <br /> <br />11. Public Agency shall also contribute to said Retirement System as follows: <br /> <br />a. Contributions required per covered member on account of the 1959 <br />Survivor Benefits provided under Section 21574 of said Retirement <br />Law. (Subject to annual change.) In addition, all assets and <br />liabilities of Public Agency and its employees shall be pooled in a <br />single account, based on term insurance rates, for survivors of all <br />local miscellaneous members and local safety members. <br /> <br />b. A reasonable amount, as fixed by the Board, payable in one <br />installment within 60 days of date of contract to cover the costs of <br />administering said System as it affects the employees of Public <br />Agency, not including the costs of special valuations or of the <br />periodic investigation and valuations required by law. <br /> <br />11 C-6 <br />
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